UOB Group currency strategists now expect the EUR / USD moves within the range of 1.1840-1.2030 In the next weeks. Key Comments: 24 hour view: “We highlighted yesterday that ‘the underlying tone still appears to be positive, and we see chances for EUR / USD to test the 1.1990 level. Our expectation did not materialize […]
Tag: Banks
FOMC may be forced to review yield curve control option – Rabobank
In preview of the FOMC meeting This week, Rabobank’s research team believes the FOMC will update the economic outlook and projections amid improved data and approval of the American Rescue Plan. Featured statements “In the post-meeting press conference, Fed Chairman Powell will have a tough job reversing market expectations of higher inflation and earlier hikes […]
Brent oil will fall back to $ 70 by the end of 2021 after hitting a high of $ 80
Capital Economics strategists expect the price of Brent reaches a peak in the third quarter around $ 80 per barrel, before falling back in the fourth quarter and throughout 2022 when supply recovers.. Key Comments: “Oil supply will remain limited for some time. The renewal of current OPEC + production cuts and the fact that […]
GBP / USD maintains consolidation – UOB
In the view of the currency strategists at UOB Group, the GBP / USD moving within the consolidation range of 1.3810-1.4020 in the short term. Key Comments: 24 hour vision: “Last Friday, we held the view that GBP / USD ‘could strengthen, but overbought conditions suggest that any advance is unlikely to be able to […]
USD / JPY still looking at 109.85 in the short term – UOB
The currency strategists of UOB Group noted that USD / JPY could still try to move to the 109.85 level in the coming weeks. 24 hour perspective: “We expected the USD to trade within a range of 108.35 / 108.95 last Friday. However, it rose to 109.16 before closing on a firm note at 109.00 […]
The pair may test 1.1990 in the short term –UOB
The currency strategists of UOB Group noted that mild upward pressure on EUR / USD is expected to ease if the 1.19 zone clears in the coming weeks. 24 hour perspective: “Our expectation that the EUR would continue to rise did not materialize as it fell to 1.1908 before rebounding. The underlying tone still appears […]
Main resistance at 1.2060 unlikely to enter the scene in the near term – UOB
The currency strategists of UOB Group noted that EUR / USD faces additional gains, although a test of 1.2060 seems unlikely in the coming weeks. 24 hour perspective: “We expected the EUR to strengthen yesterday, but we are of the opinion that the strong resistance at 1.1980 was unlikely to enter the scene. The euro […]
S&P 500 index to resume uptrend once above 3929/34 – Credit Suisse
The S&P 500 maintains the breakout of its short-term downtrend, but a move above 3,929 / 34 is still needed to suggest that the consolidation / corrective phase is over and the central uptrend has resumed, according to Swiss credit. Featured statements “We suspect that the strength may extend further in the short term, but […]
EUR / USD could test 1.17 for differences in vaccination in the EU with other economies – Westpac
Updated projections from the European Central Bank should reflect the impact of the slow distribution of Recovery Funds and coronavirus vaccines, Westpac economists say. Therefore, they estimate that the EUR / USD pair could test the support of the 1.17-1.22 range. Key statements: “The European Union economy is likely to be constrained well into the […]
GBP / USD enters a consolidation phase – UOB
The pair GBP / USD is now seen moving within 1.3810-1.4020 in the coming weeks, suggest currency strategists at UOB Group. Key Comments: 24 hour view: “We highlighted yesterday that GBP / USD ‘could retest the 1.3925 / 30’ level. We add that ‘a breakout of this strong resistance is not ruled out, but the […]
