Early on Wednesday, analysts from the National Australia Bank (NAB) published their analysis of oil prices, shared by Reuters, noting that the stimulus plan announced by Joe Biden will support growth and demand for oil in the United States. While his initial optimism is based on US President-elect Joe Biden’s $ 1.9 trillion fiscal stimulus, […]
Tag: Banks
USD / JPY will move within the 103-104 range in the coming months
In the opinion of Jane Foley, senior currency strategist at Rabobank, Bank of Japan (BoJ) is unlikely to deviate from current accommodative shape as this would lead to unwanted appreciation of the yen. Key Comments: “For now, the BoJ will want to promote the image of a bank focused on policy stimulus. More than 60% […]
AUD / USD targets a break below 0.7666 / 43 – Credit Suisse
The AUD / USD pair is expected to complete a ragged top below 0.7666 / 43, with the next support seen at 0.7502, which is expected to provide a solid bottom, according to Credit Suisse economists. Key statements: “AUD / USD is beginning to succumb to its dramatic loss at the moment and with a […]
Support at 1.2058 / 54 will hold for now – Credit Suisse
EUR / USD maintains the 38.2% retracement of the November / January rally and the 55-day average at 1.2065 / 54, Credit Suisse analysts say. They expect this to hold for now and move resistance at 1.2134. Key statements: “EUR / USD has sold off abruptly after confirming a small ‘shoulder-head-shoulder’ top below price support […]
Intraday bounces to struggle around 1.2140 – Commerzbank
He EUR/USD It has held the initial test of the 55 day moving average at 1.2058 and the pair has recovered the 1.2100 level. At press time, EUR / USD is up 0.25% on the day, but it should be noted that intraday bounces will struggle around 1.2140, based on Commerzbank. “The EUR / USD […]
Pivot resistance level at 1.2926 / 1.299 – CitiBank
Analysts Citibank expect a continued global economic recovery, with a weak dollar, which means that cyclically correlated exchange rates such as the loonie will continue to enjoy gains against the dollar. His forecast places the USD / CAD at 1.25 in a period of three months and at 1.22 in six to twelve months. “A […]
EUR / USD seen at 1.16 on a 12-month outlook – Danske Bank
EUR / USD hit 1.23 just after the Democratic victory in Georgia, but has recently declined as markets have begun to question the plan of the Federal Reserve of keeping rates low for as long as it currently indicates, analysts at Danske Banke say. They see the EUR / USD pair around 1.22 in the […]
EUR / GBP will fall towards 0.87 in 12 months – Danske Bank
Danske Bank economists still believe that the pound will strengthen in 2021 with higher rates in the short term, a rapid vaccination process in the UK and much less Brexit uncertainty. Hence, you see EUR / GBP moving towards 0.87 in 12 months. Key statements: “The greatest uncertainty of the year Bank of england is […]
NZD / USD to fall towards 0.7006 before resuming uptrend – Credit Suisse
NZD / USD is at risk of a short-term correction as the kiwi paused last week, Credit Suisse analysts warn. However, they note that the dominant uptrend remains clearly intact. Key statements: “The NZD / USD threatens a small top, which would be confirmed below 0.7153 / 44, which would suggest a pullback early in […]
Yields on 10-year Treasuries to rise to approximately 1.6% – Charles Schwab
The new year started with a sharp rise in Treasury yields, despite unprecedented political turmoil and signs that the economic recovery is slowing. The recent rise in yields may be too much, too soon, but the overall direction of yields is likely to remain upward, according to Kathy Jones of Charles Schwab. Key statements: “The […]
