UOB Group currency strategists have noted that EUR / USD could face a deeper pullback if it falls below 1.2050 in the near term. Key Comments: 24 hour view: “We highlighted last Friday that ‘the downward pressure has eased’ and we expected EUR / USD to ‘trade sideways within the 1.2085 / 1.2150 range’. The […]
Tag: Banks
The Fed will maintain an ultra-lax political stance this year
Analysts at Capital Economics They note that the US economic outlook continues to improve with the rapidly accelerating launch of vaccines, but they do not see the Fed abandon its “current ultra-lax policy stance this year.” Key statements “It is true that this week we learned that GDP growth slowed to 4.0% annualized in the […]
Canada: The economy maintains a solid recovery rate until November
Evaluating the latest Canadian Gross Domestic Product data, “the Canadian economy maintained a strong recovery pace in November with industry-level GDP increasing 0.7% MoM, beating the market consensus for an increase. 0.4%, “said the TD Securities analysts. Key statements “What was even more impressive than the strong publication of the headlines was Statistics Canada’s new […]
USD / JPY shows upside potential towards 104.75 zone – UOB
He USD / JPY maintains positive outlook and it could try to move to 104.75 in the coming weeks, as suggested by currency strategists at UOB Group. 24 hour perspective: “Yesterday we highlighted that the USD could move above the month-to-date high near 104.40. We added that a rise beyond 104.75 is unlikely. Our opinion […]
Attention is now on the 1.2014 level – Commerzbank
Karen Jones, Head of Technical Analysis Research Team at Commerzbank, noted that EUR / USD still remains on the defensive. “He EUR/USD was stable yesterday, but remains on the defensive. It has recently eroded the 55-day moving average and the attention has dropped to 1.2014, the September high, already 1.2003, the upward trend of 2020-2021, […]
Further losses expected below 0.8835 / 25 – Commerzbank
In the opinion of Karen Jones, head of Commerzbank’s technical analysis research team, the EUR / GBP could face further setbacks on a break of 0.8835 / 25. “EUR / GBP has eroded the 200-week moving average at 0.8835 (but NOT over the close). The rallies will need to regain 0.8926, the January 18 high, […]
USD / JPY faces stiff resistance around 104.75
UOB Group currency strategists expect that USD / JPY Faces Tough Hurdle at 104.75 Level in Coming Weeks. Key Comments: 24 hour view: “The sudden strong rise in the USD was a surprise. While the rapid rise appears to be ahead of itself, USD / JPY could move above the monthly high near 104.40. For […]
GBP / USD now seen between 1.3580 and 1.3760
Now GBP / USD is expected to hold the 1.3580-1.3760 range in the coming weekshave suggested currency strategists at UOB Group. Key Comments: 24 hour view: “Yesterday we highlighted that GBP / USD ‘could move above resistance at 1.3760’. Subsequently, the pair rose to 1.3759 before falling sharply to 1.3659 during the American session. GBP […]
EUR / USD risks a possible short-term decline
In the opinion of the currency strategists at UOB Group, EUR / USD momentum could be turning lower in the short term. Key Comments: 24 hour view: “Our expectation that the ‘EUR / USD bounce extends’ was incorrect as it fell to 1.2056 before rising again to end the day at 1.2108 (-0.43%). Despite the […]
EUR / GBP could advance towards 0.8975 – Commerzbank
He EUR / GBP could extend the bounce to the 0.8975 level, according Karen Jones, Head of the Technical Analysis Research Team at Commerzbank. “The EUR / GBP sold last week and rebounded from the 200 week high at 0.8835 (on a closing basis). Note that the daily Elliott wave count suggests this is the […]