AUD / USD has broken higher from its consolidation phase and the next resistance is seen at the 0.7925 level, reports Karen Jones, Head of Technical Analysis at Commerzbank. Key statements: “AUD / USD broke higher on Friday to the January high at 0.7820, and now we have also seen a close above here. This […]
Tag: Banks
EUR / USD: Outlook remains mixed
UOB Group currency strategists note that EUR / USD faces a mixed outlook for now. Key Comments: 24 hour view: “We expected EUR / USD to strengthen last Friday, but we are of the opinion that EUR / USD was unlikely to ‘break through strong resistance at 1.2125’. The sharp rally that sent EUR / […]
GBP / USD now targets 1.4100
In the opinion of UOB Group currency strategists, the pair GBP / USD could now advance to the 1.4100 level In the next weeks. Key Comments: 24 hour view: “We highlighted last Friday that GBP / USD ‘could break above 1.4000 before a pullback can be expected.’ We added that ‘next resistance at 1.4050 is […]
EUR / GBP is approaching its five-year uptrend at 0.8588
EUR / GBP is approaching its five-year uptrend at 0.85885 as the April low of 0.8671 has been left behind, explains Karen Jones, FICC Technical Analysis Research Team Leader at Commerzbank. It further notes that the cross will remain under pressure as long as it is below the 0.8732 level. Key statements: “EUR / GBP […]
GBP / USD could surpass 1.40 in the short term – UOB
In light of the strong bullish momentum, the pound could now advance towards the key mark of 1.40 and higher in the coming weeks, according to analysts from UOB Group. 24 hour perspective: “We highlighted yesterday that the downward pressure had eased and the pound was unlikely to weaken further, believing that the GBP is […]
EUR / USD now looks towards 1.2000 – UOB
In the opinion of the currency strategists of UOB Group, el EUR / USD has now shifted its focus to the 1.2000 level in the coming weeks. 24 hour perspective: “Our expectation for the EUR to test solid support at 1.2000 was incorrect as it rallied strongly to a high of 1.2094. The recovery could […]
EUR / USD is trading at 1.16 in 12 months
The EUR/USD It has moved lower after hitting highs in early January and was briefly below 1.20. The USD narrative has moved toward the US outperformance, according to economists from Danish bank, which predicted that the pair would be at 1.16 in 12 months. Featured statements “We are seeing clear signs that the Chinese tailwinds […]
EUR / GBP targets 0.85 with pound strengthened by vaccination – Danske Bank
EUR / GBP has continued to decline, helped by a rapid vaccination process in the UK and by the Bank of England (BoE), which ruled out negative rates for now, economists at Danske Bank note. They believe that the British pound will strengthen this year driven in particular by the faster vaccination process and they […]
EUR / USD could try to move to 1.2000
In the opinion of the currency strategists at UOB Group, EUR / USD bias has now moved lower. Key Comments: 24 hour view: “We expected the EUR / USD to weaken yesterday, but we are of the opinion that ‘the 1.2045 level is unlikely to enter the scene.’ The subsequent weakness exceeded our expectations as […]
GBP / USD now targets 1.3820
In the opinion of the currency strategists at UOB Group, GBP / USD uptrend is expected to lose traction following a breakout of 1.3820. Key Comments: 24 hour view: “We expected GBP / USD to strengthen yesterday, but we are of the opinion that ‘the outlook for a breakout of 1.3950 is not high.’ However, […]
