Gold (XAU / USD) is down around 15% from its mid-2020 high. Deutsche Bank strategists are not expecting a major rally. The rate of real returns has gone from a sharp decline to relative stability (or even a rise) as nominal rates have started to rise, taking away support for the yellow metal, strategists say. […]
Tag: Banks
EUR / GBP to ease downward pressure with a close above 0.8603 – Commerzbank
EUR / GBP is losing bearish momentum, explains Karen Jones, Technical Analysis Research Team Leader at Commerzbank. She expects the cross to correct higher if it closes above the 20-day moving average at 0.8603. Key statements: “EUR / GBP hit a fresh low of 0.8533 last week, which was again not confirmed by the daily […]
EUR / USD keeps trading in short-term unchanged range – UOB
UOB Group currency strategists note that the currency is expected to EUR / USD moves within the range of 1.1840-1.2000 In the next weeks. Key Comments: 24 hour view: “We highlighted last Friday that ‘the fall of the EUR / USD could fall below 1.1900 first before stabilizing.’ We add, ‘the next support at 1.1880 […]
USD / CAD will hit the 1.26 zone by the end of the month – Rabobank
In the opinion of Christian Lawrence, a strategist at Rabobank, the USD / CAD pair is ready to test 1.2575 before returning to a region of price stickiness around 1.2650. Key statements: “We see room for the current oil correction to continue, in our sights is a fall of around 5-7% more during the next […]
Only a close above 0.7838 / 49 would hint at a restart of the uptrend – Credit Suisse
AUD / USD fell back on Thursday, reinforcing the potential for a “shoulder head shoulder” top, with first short-term support at 0.7699, Credit Suisse analysts noted. Key statements: “We keep our vision of more side trades intact for now, with a slight downward tilt, based on the potential of a ‘shoulder head shoulder’ top. With […]
The role of the dollar as the dominant world currency seems certain – Charles Schwab
Investors are concerned that the Fed’s expansionary monetary policy, combined with the increase in the budget deficit, will undermine confidence in the dollar. The recent fall in the dollar over the past year has increased these concerns. While Charles Schwab’s economists agree that there may be unforeseen consequences of the current policy mix, they see […]
GBP / USD maintains neutral outlook unchanged – UOB
In the opinion of the currency strategists at UOB Group, the outlook for GBP / USD remains neutral on the short-term horizon. Key Comments: 24 hour view: “Yesterday we highlighted that ‘the strong rebound has room to test the main resistance at 1.4020’. We added, ‘in view of the overbought conditions, the British pound may […]
EUR / USD targets further gains should break above 1.1990 zone – Credit Suisse
EUR / USD should stay below 1.1991 / 92 to suggest that the post-FOMC rally is only corrective, ahead of a retest of the 200-day rising average and low at 1.184 35 and eventually 1.1695, Credit analysts explain. Suisse. Key statements: “Despite the strength seen on Wednesday, the 38.2% retracement of the decline since the […]
GBP / USD Faces Additional Gains Above 1.4050 – UOB
GBP / USD bullish momentum continues to improve and could accelerate after a break above 1.4050 in the coming weeks, suggest currency strategists at UOB Group. Key Comments: 24 hour view: “Our expectation that GBP / US would ‘consolidate’ yesterday was incorrect as it rose to 1.3970 during the American session. The strong bounce has […]
EUR / USD now looks towards 1.2030 – UOB
The currency strategists of UOB Group now see the EUR / USD advance further above a close above 1.2030 in the coming weeks. 24 hour perspective: “Our expectation of the EUR falling below 1.1880 was incorrect as it fell to 1.1884 before rising to 1.1985 during the New York session. While the rapid rise has […]
