The EUR / GBP rally turned out to be brief, to say the least, and the focus of attention has quickly reverted to the key Fibonacci supports at 0.8549 / 20, Credit Suisse analysts say. They point out that the favored scenario is that of a downward break. Key statements: “The rebound in EUR / […]
Tag: Banks
AUD / USD continues to point to further consolidation
AUD / USD is still estimated to trade within the 0.7645-0.7820 range on the short-term horizon, according to UOB Group currency strategists. Key statements: 24 hour outlook: “We expected the AUD to” trade sideways within a range of 0.7720 / 0.7780 “yesterday. Subsequently, the AUD traded between 0.7711 and 0.7757. The underlying tone has weakened […]
The positive phase could end below 108.50 – UOB
A break below 108.50 could be indicative that the positive phase of the USD / JPY pair is over, currency strategists at UOB Group noted. Key statements: 24-hour outlook: “Our expectation that the USD would ‘rise’ was incorrect as it fell to 108.76 before rebounding. The current move is considered part of a consolidation phase […]
Expected to move sideways in the short term – UOB
In the opinion of UOB Group currency strategists, the EUR / USD is now seen within the range of 1.1840-1.2030 In the next weeks. Key Comments: 24 hour view: “We expected the EUR / USD to ‘move sideways within a range between 1.1900 and 1.1960’ yesterday. However, it briefly fell to 1.1881 before bouncing to […]
GBP / USD faces an additional range between 1.3810 and 1.4020 – UOB
The pair GBP / USD remains in consolidation mode and is likely to continue moving within the 1.3810-1.4020 range In the next weeks. Key Comments: 24 hour view: “Yesterday, we highlighted that the British pound ‘could fall below 1.3850’, but we are of the opinion that ‘1.3810 is not expected to be threatened.’ However, GBP […]
XAU / USD would plummet towards $ 1,500 – Deutsche Bank
Deutsche Bank strategists see that investment demand in gold is weakening as there is an outflow of funds. They estimate that a third of the accumulation of the pandemic era has been undone. XAU / USD is forecast to drop sharply towards the $ 1,500 level Key statements: “We see weakness as investment demand weakens […]
Modest rises with resistance at 1.2573 – Credit Suisse
USD / CAD has managed to rebound above recent and mid-February 2018 lows at 1.2468 / 41 as expected after testing lower levels, Credit Suisse analysts say. They estimate that if there is a close below 1.2440, there would be a downward acceleration. Key statements: “With the daily RSI momentum already close to oversold territory, […]
GBP / USD targets for a retest of the 1.3783 / 79 level – Credit Suisse
GBP / USD maintains a bearish “reversal day” and analysts at Credit Suisse remain bearish, awaiting a test of the recent low and 55-day average at 1.3783 / 76. Key statements: “We look for the immediate risk of further declines within the broader consolidation phase. Support remains at 1.3846, below which should add weight to […]
USD / JPY targets additional gains on a close above 109.25 – UOB
USD / JPY could advance to the 109.85 level once it breaks above the 109.25 region, suggest currency strategists at UOB Group. Key Comments: 24 hour view: “Our view for USD / JPY yesterday was that ‘strong bullish momentum suggests USD / JPY could move above last week’s high near 109.25, but overbought conditions could […]
It is expected to remain between 1.3810 and 1.4020 – UOB
According to the currency strategists at UOB Group, GBP / USD is expected to remain moving within a range for the moment. Key Comments: 24 hour view: “Yesterday we expected GBP / USD to ‘trade sideways within a range of 1.3880 / 1.3980’. However, it fell to 1.3854 before recovering to end the day at […]
