In the opinion of the currency strategists at UOB Group, GBP / USD is considered to move within the 1.3500-1.3670 range in the coming weeks. Key Comments: 24 hour vision: “Our expectation for GBP / USD to move higher was incorrect as it fell sharply to 1.3572 before closing weakly at 1.3588 (-0.74%). Despite the […]
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EUR / USD risks a further decline
The UOB Group Currency Strategists expect the EUR / USD to decline in the coming weeks. Key Comments: 24 hour view: “We expected the EUR / USD to weaken last Friday, but we are of the opinion that ‘any weakness is likely to be confined to a retest of the 1.2110 level.’ We note that […]
Risk remains to the downside with support at 1.2065 / 59 – Credit Suisse
The setup the EUR / USD is shaping adds weight to the Credit Suisse analyst team’s vision for a deeper corrective pullback to the December low, 38.2% pullback from the November / January rally and the 55-day average, currently in 1.2065 / 45. Key statements: “EUR / USD has seen a breakout of key short-term […]
Corrective Recovery Expected Above 0.8918 / 20 Resistance – Credit Suisse
USD / CHF is still capped at 0.8918 / 20, however a break above that level would complete a small “man-head-shoulder” base to trigger a correction in the central downtrend, Credit Suisse analysts say. . Key statements: “USD / CHF remains below 0.8918 / 20 for now, however the risk of a base and a […]
EUR / USD still at risk of a move towards 1.2080 – UOB
The currency strategists of UOB Group noted that the EUR / USD still faces a probable drop to the 1.2080 region In the next weeks. 24 hour perspective: “We expected the EUR to trade within a 1.2130 / 1.2205 range yesterday. However, it fell to 1.2109 before recovering quickly and ended the day little changed […]
EUR / USD could test key supports around 1.2060 – TDS
He EUR/USD has broken below key support around 1.2130, quickly turning attention to a possible test of key supports around 1.2060, reports Ned Rumpeltin, European director of foreign exchange strategy at TD Securities. “The pair now appears to be within a short distance of a test of the week’s lows just above 1.2130. We have […]
NZD / USD still targeting 0.75 – Credit Suisse
The bullish outlook for the kiwi (NZD) against the US dollar remains intact, according to analysts at Credit Suisse. They forecast the NZD / USD at 0.75. Key statements: The underlying domestic drivers of the NZD’s strength are expected to persist. High growth and stimulus expectations remain at stake with a majority Labor government. Chinese […]
Support at 3748/38 should hold – Credit Suisse
Although there is scope for further consolidation in the near term, the S&P 500 Index is showing signs of strengthening the uptrend, say Credit Suisse economists, who are targeting 3,900. Key statements: “Another consolidation session for the S&P 500 as the uptrend comes to a halt and while it should be allowed to extend further, […]
Expectativa de suba a 1.1050 – Credit Suisse
Credit Suisse economists expect the EUR / CHF to move higher towards 1.1050. Key statements: “We would expect refugee-seeking flows to Switzerland to decline and even reverse in light of the current risk-positive environment.” “The SNB will remain very moderate and is ready to intervene if necessary.” “A setback in the COVID-19 crisis and an […]
GBP / USD is still targeting the 1.3760 level
In light of the recent price action, GBP / USD is still targeting the 1.3760 area in the coming weeks, say UOB Group currency strategists. Key Comments: 24 hour view: “We expected GBP / USD to strengthen further yesterday, but we are of the opinion that ‘it may not be able to sustain above last […]