ING Bank economists believe that due to some weakness in the price of iron ore, it causes the risks of the Australian dollar to be skewed to the downside in the short term. In a broader perspective, they see the issue of global reflation and the undervaluation of the aussi, as factors that will take […]
Tag: Banks
GBP / USD will push higher towards the 1.4000 level
Last week, the Bank of England (BoE) dismissed readiness to adopt negative rates with a gradual QE reduction while outlining the potential for an economic rebound fueled by the launch of the vaccines. GBP / USD now appears poised to move towards 1.40, in the opinion of Westpac economists. Key Comments: “The Bank of England […]
EUR / USD is forecast in the 1.1500 region by the end of 2021
Analysts at Bank of America Global Research (BofA) believe that EUR / USD likely to dip to 1.1500 amid likely US dollar rally, while they revise their price forecasts downwards from 1.2500 for 2021. Key Comments: The key catalysts for dollar strength American include: Monetary policy divergence of the Fed and the ECB. The potential […]
Hierro takes its toll on the Chinese economy, is expected to drop to $ 100 – CE
The price of iron had a magnificent 2020, going from about $ 80 per ton to more than $ 150 by the end of the year. Prices rose further in January, topping $ 170 per tonne. Despite the huge price hike since the beginning of 2020, the strategists of Capital Economics they assure that prices […]
Clear close below 1.2686 / 82 will point to more weakness – Credit Suisse
USD / CAD continues to deteriorate as it closed below its late-January low on Tuesday, Credit Suisse analysts say. They estimate that a confirmation below 1.2686 / 82 would negate the base of the wedge formation and support at 1.2656 would appear on the scene. Key statements: “USD / CAD continues to deteriorate, further increasing […]
XAG / USD tries to stabilize above 55-day SMA at $ 25.65 – Commerzbank
The prices of the plata (XAG / USD) They recently spiked to $ 30.09, subsequently retreating just as quickly. The white metal is currently in consolidation mode. Karen Jones, Head of the FICC Technical Analysis Research Team at Commerzbank, points to it trying to stabilize above the 55-day moving average at $ 25.65. Key Comments: […]
GBP / USD now targets 1.3880
In the opinion of UOB Group currency strategists, the GBP / USD is holding firm and could try to move to the 1.3880 level In the next weeks. Key Comments: 24 hour view: “Although we expected GBP / USD to strengthen yesterday, we are of the opinion that ‘the 1.3800 level was not expected to […]
EUR / USD: Bullish momentum could extend to 1.2150
Currency strategists at UOB Group have noted that the uptrend of the currency EUR / USD could revisit the 1.2150 region In the next weeks. Key Comments: 24 hour view: “The strong rise in EUR / USD that sent it higher, coupled with the subsequent strong daily close at 1.2117 (+ 0.57%), was a surprise. […]
The British stock market will outperform its counterparts in the rest of the world this year – CE
The Íindex MSCI UK generally underperformed the rest of the Íindex MSCI World of developed market (DM) stocks for much of 2020. Market strategists Capital Economics They believe that the British stock market will outperform its counterparts in the rest of the world this year, as some of the obstacles it faced in 2020 are […]
EUR / AUD targets lower towards 1.52 by end of 2021 – Westpac
After a period of several months of trading in range, the EUR / AUD has been trending down since October 2020, hitting two-year lows. Westpac economists are targeting the 1.5250 mark by the end of 2021. Key statements: “We hope that the World economy recover dramatically in the second half of 2021, a classic scenario […]
