According to the currency strategists at UOB Group, EUR / USD bullish momentum now looks impaired and could trigger a move to the 1.2045 level In the next weeks. Key Comments: 24 hour view: “Our expectation for the EUR / USD to ‘trade sideways within a 1.2100 / 1.2150 range’ was incorrect as it rose […]
Tag: Banks
The S&P 500 index may extend its uptrend to 4070/75 – Credit Suisse
The S&P 500 index appears to continue its uptrend without a pause at 3900/30, reinforcing the strength of the underlying trend and opening a move to 4070/75 below, according to analysts at Credit Suisse. “The S&P 500 has easily passed our 3900/30 ‘triangle’ target and the Fibonacci resistance group without a pause and while we […]
Brent crude accelerates higher, next stop at $ 71.75 – Credit Suisse
Brent Crude Oil has broken through a lot of medium-term resistance levels clustered between $ 59.82 and $ 60.00 and the Credit Suisse strategists expect a next move towards $ 71.75. “Brent Crude has forcefully broken its bullish ‘flag’ continuation pattern and has seen its expected breakout above the 78.6% retracement and February 2020 high […]
EUR / USD: upside risk remains intact
UOB Group’s currency strategists remain constructive on EUR / USD as long as it remains above 1.2045. Key Comments: 24 hour view: “We expected the EUR / USD to ‘rally yesterday’, but we are of the opinion that ‘a clear break of the main resistance at 1.2150 seems unlikely.’ Thereafter, the EUR / USD rose […]
Gold could fall below $ 1,800 level by end of 2021 – Morgan Stanley
Gold could fall below the $ 1,800 level this year, according to Morgan Stanley. Weak inflation and the global economic recovery could weaken demand for the yellow metal. Analysts at investment banking giant Morgan Stanley predict that the Gold will fall below $ 1,800 per ounce by the end of 2021as rising inflation is likely […]
Goldman Sachs raises USD / JPY 6-month target to 106.00
The strategists of investment banking giant Goldman Sachs have raised the USD / JPY six-month target from 103.00 to 106.00, citing the risk of a larger-than-expected stimulus that will lift US Treasury yields positively for the USD. However, the bank anticipates USD / JPY at the 100.00 level in 12 months hereinafter. The pair is […]
EUR / USD maintains short-term bullish outlook – UOB
The currency strategists of UOB Group point out that the EUR/USD could advance to the zone 1.2150 / 80 in the next few weeks. 24 hour perspective: “The EUR fell to 1.2080 last Friday before rebounding strongly to end the day little changed at 1.2118 (-0.08%). The underlying tone has strengthened somewhat, but while there […]
Short-term setback faces resistance at 1.2741 / 46 – Credit Suisse
USD / CAD slowed down the bearish rally and is now facing significant resistance on the bullish path at the 1.2745 area, Credit Suisse analysts warn. Key statements: “USD / CAD has failed to see a close below the crucial 1.2686 / 82 level, reversing higher and completing a small bullish ‘hammer’ to suggest more […]
Data from Israel and UK show Covid-19 vaccines are working – Danske Bank
When evaluating the latest developments related to the coronavirus, analysts from Danish bank They noted that new data from Israel and the UK show that the vaccines are working. “The vaccination process continues with Israel at the head, with a 70% vaccination rate. U.S is now in the 13.5%. The UK is ahead in the […]
GBP / USD remains bullish targeting 1.4302 / 77 – Credit Suisse
GBP / USD maintains recent breakouts and in the year high zone, reaffirming the central uptrend and the existing long-term base above 1.3514, Credit Suisse analysts explain. They see resistance below at 1.3890 / 95, ahead of 1.3997 / 1.4000 and finally the key highs of 2018 and a Fibonacci retracement at 1.4302 / 77. […]
