China is “very concerned” about the risks of bubbles emerging in global financial markets and real estate of the country, he said Guo Shuqing, Chairman of the China Banking and Insurance Regulatory Commission (CBIRC) and party secretary of the central bank at a briefing in Beijing. on Tuesday. Featured statements: “The bubbles in the US […]
Tag: Banks
S&P 500 looks to find support above key support group at 3,792/74
The S&P 500 Index has tested and held as expected what is considered to be the major support at 3,792 / 74, where we see a price gap from early February and the upward sloping 63-day moving average, and the outlook from the Credit Suisse team of analysts remains that this level is still a […]
GBP / USD shows a corrective decline towards 1.3850 – UOB
The pound’s ongoing downward movement could extend toward 1.3850, according to currency strategists at UOB Group. 24 hour perspective: We expected the GBP to weaken last Friday, but we were of the opinion that support at 1.3900 was unlikely to enter the picture. However, the British pound fell to 1.3890 before quickly recovering. The bearish […]
EUR / USD at risk of a move to 1.2020 – UOB
The currency strategists of UOB Group noted that the EUR / USD faces the probability of a dip to the 1.2020 levels in the coming weeks. 24 hour perspective: “While our expectation for the euro to weaken last Friday was correct, we underestimated the downside momentum as the euro plunged to 1.2060 (in our opinion […]
January personal income largely reflects stimulus controls – Wells Fargo
During January, personal income increased 10%. Wells Fargo Analysts explain that the number reflects stimulus controls that also boosted spending. Despite the 2.4% increase in personal spending in January, they note that the faster increase in income raised the personal savings rate to 20.5% in January. Key statements: “Personal income soared 10% in January, largely […]
Recovery could extend to 0.8793 / 0.8809 – Credit Suisse
EUR / GBP reversed sharply higher this week from a Fibonacci support zone at 0.8543 / 20, Credit Suisse analysts say. They see that there is room for a more significant recovery to 0.8793 / 0.8809. Key statements: Immediate resistance is seen at 0.8756 and then the 38.2% retracement of the decline from the December […]
USD / JPY shows a potential move towards 106.70 – UOB
In the opinion of the currency strategists of UOB Group, el USD / JPY could now extend the hike to the 106.70 region in the near term. 24 hour perspective: “Yesterday we held the view that the USD could break through last week’s high near 106.20, but the next resistance at 106.70 would likely be […]
GBP / USD could revisit 1.3850 – UOB
The pound runs the risk of a corrective drop to the 1.3850 zone in the coming week, as noted by the currency strategists of UOB Group. 24 hour perspective: “We highlighted yesterday that the upward pressure had eased and the GBP was likely to trade sideways between 1.4080 and 1.4220. We do not anticipate the […]
EUR / USD will trade between 1.2060-1.2230 in the coming weeks – UOB
The currency strategists of UOB Group come now to EUR / USD trading within the 1.2060 to 1.2230 range in the coming weeks. 24 hour perspective: “We expected the EUR to strengthen yesterday, but we felt that 1.2230 was unlikely to appear on the scene. However, the EUR shot up to 1.2242 before selling sharply. […]
GBP / USD shifts its focus to 1.4300
GBP / USDD upward movement remains firm and is now targeting the 1.4300 level in the coming weeks, suggest currency strategists at UOB Group. Key Comments: 24 hour view: “After GBP / USD soared during yesterday’s Asian session, we noted that ‘while further advance is not ruled out, the rapid rise seems overstated and the […]
