Tag: Banks

EUR / JPY targets 123.87 if it falls below 125.09

EUR / JPY targets 123.87 if it falls below 125.09

Karen Jones, Head of the FICC Technical Analysis Research Team at Commerzbank, has suggested that EUR / JPY is at risk of a possible move to 123.87. Key Comments: “The EUR / JPY experienced a sharp pullback towards the October and November highs at 125.13 / 09. The bounce from this region has reached the […]

EUR / USD maintains the consolidation status

EUR / USD maintains the consolidation status

In the view of UOB Group currency strategists, the currency is now expected to EUR / USD moves within the 1.2080-1.2250 range in the coming weeks. Key Comments: 24 hour view: “Last Friday, we held the view that ‘the rebound in EUR / USD has room to extend to 1.2195’. Our expectations did not materialize […]

EUR / GBP will return to 0.87 by the end of 2021 – Rabobank

EUR / GBP will return to 0.87 by the end of 2021 – Rabobank

So far this year, the pound has gained ground against the US dollar and the euro. Rabobank economists forecast that EUR / GBP will be around the 0.89 / 0.88 zone in the coming months, while a return to the 0.87 level is not expected until the end of the year. Key statements: “The upcoming […]

More stimuli have not yet been ruled out – UOB

More stimuli have not yet been ruled out – UOB

UOB Group senior economist Alvin Liew does not rule out that the Bank of Japan (BoJ) may increase flexibility at the March meeting, when the policy review is completed. Key statements: “The Bank of Japan (BoJ) decided to keep its policy measures unchanged at its first Monetary Policy Meeting of 2021 (January 21). And in […]

EUR / USD will move in ranges around 1.22 after the ECB – Danske Bank

EUR / USD will move in ranges around 1.22 after the ECB – Danske Bank

Unsurprisingly, the European Central Bank (ECB) kept monetary policy unchanged Thursday after the Governing Council meeting. Analysts Danish bank they consider that the meeting will not have any impact on EUR / USD expectations. See the pair making range moves around 1.22. “The ECB meeting that ended today passed without incident, without new signs. The […]

EUR / USD risks falling further below 1.2080

EUR / USD risks falling further below 1.2080

UOB Group currency strategists forecast a further decline in EUR / USD below 1.2080. Key Comments: 24 hour view: “Yesterday we highlighted that ‘the bullish momentum has improved a bit and the bias is leaning higher.’ We added that ‘any EUR / USD advance is expected to face strong resistance at 1.2170’. However, the 1.2170 […]

EUR / USD could prolong the corrective phase as long as it remains below 1.2231 – Credit Suisse

EUR / USD could prolong the corrective phase as long as it remains below 1.2231 – Credit Suisse

EUR / USD has recovered strongly after holding as expected the 38.2% retracement of its November / January rally and the 55-day average at 1.2065 / 54, Credit Suisse analysts explain. They warn that a recent break above 1.2223 / 31 would confirm that the downward correction ended. Key statements: “The EUR / USD has […]

AUD / USD Could Potentially Drop Towards Nov 9 High Of 0.7340 – Commerzbank

AUD / USD Could Potentially Drop Towards Nov 9 High Of 0.7340 – Commerzbank

Regarding the pair AUD/USD, Karen Jones, Head of the Technical Analysis Research Team at Commerzbankif you are waiting for a close below the 20-day moving average at 0.7687 to see a deeper correction towards the November 9 high of 0.7340. “AUD / USD has recently eroded its 20-day moving average at 0.7687, but no closing […]

GBP / USD may experience major gains above 1.3710 – UOB

GBP / USD may experience major gains above 1.3710 – UOB

In the opinion of the currency strategists of UOB Group, it is anticipated that the Pound further advances on a breakout of the 1.3710 level in the coming weeks. 24 hour perspective: “The GBP closed on a firm note yesterday at 1.3636 (+ 0.35%) before extending its gains this morning. The bullish momentum is starting […]