In the opinion of UOB Group currency strategists, GBP / USD is now likely to move within the 1.3860-1.4070 range in the coming week. Donald WestbrookDonald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and […]
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EUR / USD: Door open for a move to 1.1985
UOB Group currency strategists note that there is still a chance that the EUR / USD will pull back below the 1.2000 level in the short term. Key Comments: 24 hour view: “We highlighted yesterday that ‘the strong and rapid bounce could extend, but any advance is likely to be limited to a test of […]
S&P 500: Support at 3,792 / 74 will remain solid bottom
The S&P 500 Index remains capped by its short-term downtrend at 3,910 / 15 and further consolidation should be seen before the resumption of the underlying uptrend, while support at 3,792 / 74 is expected to remain solid bottom, the Credit Suisse analytics team reported. Key Comments: “The S&P 500 remains lateral in the short […]
EUR / CHF heads up with resistance seen at 1.1098 / 1.1111 – Credit Suisse
EUR / CHF remains strong after the recent break above 1.0916 / 15 and analysts at Credit Suisse expect the break above 1.1098 / 1111 to enable a continuation to 1.1255 / 65. Key statements: “We see room for further upside, with resistance initially seen at 1.1070, whose breakout would expose the pivot group at […]
Downward momentum appears to be mitigated – UOB
In the opinion of the currency strategists at UOB Group, further pullbacks in the EUR / USD pair appear to have lost some traction in the near term. Key Comments: 24 hour view: “Yesterday, we highlighted that ‘there is room for EUR / USD to fall below 1.2020 before a recovery can be expected.’ We […]
GBP / USD now seen within the 1.3860-1.4070 range – UOB
UOB Group currency strategists suggest that the GBP / USD pair could now move into a consolidation phase between 1.3860 and 1.4070 In the next weeks. Key Comments: 24 hour view: “We highlighted yesterday that GBP / USD ‘could fall below last week’s low of 1.3890’. We added, ‘in view of lackluster momentum, any further […]
USD / CHF points higher with next resistance at 0.9192 / 9208 – Credit Suisse
USD / CHF closed above the key 200-day average, currently 0.9130, suggesting further strength ahead, with resistance seen below at 0.9192 / 9208, as assessed by analysts at Credit Suisse. Key statements: “We shifted our immediate bias to higher, with a margin to 0.9192 / 9208, the group comprised of key November highs and the […]
Focus turns back to key support 1.1945 – Commerzbank
The US dollar continues to recover as the pair EUR/USD It has eroded the 1.2042 uptrend. Karen Jones, Head of the FICC Technical Analysis Research Team at Commerzbank, notes that the world’s most popular currency pair now heading to the 1.1945 level. “The EUR / USD has eroded the 1.2042 uptrend and the focus has […]
Corrective decline could extend to 1.3850 – UOB
Still there is room for the pound to retreat to the 1.3850 area in the coming weeks, according to the currency strategists of UOB Group. 24 hour perspective: “We expected the GBP to consolidate and trade within a range of 1.3920 / 1.4030 yesterday. The British pound traded between 1.3905 and 1.3999 before closing little […]
EUR / USD faces downside risks in the short term – UOB
The currency strategists of UOB Group noted that the EUR / USD risks a further decline in the coming weeks. 24 hour perspective: “Yesterday we held the view that there was room for the EUR to fall below 1.2060, but any weakness would be considered part of a 1.2050 / 1.2130 range. The subsequent decline […]
