In the opinion of the currency strategists at UOB Group, GBP / USD remains under pressure and could attempt a test of the 1.3760 level. Key Comments: 24 hour view: “Our expectation that the ‘GBP / USD bounce spreads’ was incorrect as it fell to 1.3801. Despite the drop, the downside momentum has not improved […]
Tag: Banks
EUR / USD will test the 1.1800 level in the short term – UOB
UOB Group currency strategists note that the EUR / USD could return to the 1.1800 zone In the next weeks. Key Comments: 24 hour view: “Although we expected EUR / USD to weaken yesterday, we are of the opinion that ‘it is unlikely to approach the next support at 1.1850.’ We underestimated the bearish momentum […]
USD / CAD rises towards 1.2700 as WTI declines from multi-year highs
The USD / CAD closed the previous week with small losses. WTI touched its highest level since October 2018 near $ 68. Rising US Treasury yields help the USD remain strong. Despite the strength of the broad-based USD, the pair USD / CAD it closed the previous week in negative territory as rising crude prices […]
USD / CAD will stay above 1.27 for the next two weeks – Rabobank
The loonie is the second best performing currency so far in 2021. Rabobank’s 1-3 month USD / CAD forecast remains at 1.26-1.27, but the risk in the coming weeks is biased upward with the pair is likely to be trading above the 1.27 level in the next two weeks. Key statements: “We expect price action […]
Downward correction would remain above the 1.1050-1.0990 zone – Commerzbank
The EUR / CHF has met the Commerzbank analyst team’s target at the 200-week moving average of 1.1146. They expect some profit taking here but indicate that it should hold above the 1.1050-1.0990 region. Key statements: “The EUR / CHF last week reached the 200-week moving average at 1.1146. We would allow some profit taking […]
GBP / USD at risk of a decline towards the 1.3760 region – UOB
The pound’s downside momentum could extend to the 1.3760 zone on the near-term horizon, currency strategists from UOB Group. 24 hour perspective: “We highlighted last Friday that the improvement in bearish momentum could lead to the pound moving below 1.3860, but the next support at 1.3820 is probably out of reach. We underestimated the bearish […]
EUR / USD does not rule out a move towards 1.1800 – UOB
The currency strategists of the UOB Group noted that EUR / USD is at risk of a deeper pullback towards the 1.1800 zone in the near term. 24 hour perspective: “While we expected the EUR to weaken last Friday, we were of the opinion that any weakness was unlikely to threaten the main support at […]
GBP / USD faces extra losses below 1.3820 – UOB
The pound’s downside momentum could accelerate into a collapse of the 1.3820 level in the near term, according to currency strategists at UOB Group. 24 hour perspective: “We highlighted yesterday that the bearish momentum had improved a bit and the pound could fall to 1.3890. We added that in view of the lackluster momentum, the […]
EUR / USD turns focus to 1.1910 – UOB
The currency strategists of UOB Group noted that the EUR / USD now shifted focus to the 1.1910 region in the coming weeks. 24 hour perspective: “We expected the EUR to weaken yesterday, but we are of the opinion that main support at 1.1985 was unlikely to appear. While our view of a lower euro […]
EUR / USD will remain confined in the range between 1.1950 and 1.2350 – Westpac
The slow rally in EUR / USD reflects a slower distribution of both the Recovery Fund and Covid vaccines, Westpac economists say. They estimate that the 1.1950-1.2350 range is likely to persist towards the European Central Bank (ECB) meeting on Thursday, March 11. Key statements: “The EU covid vaccine vaccination process has suffered from various […]
