In the opinion of the currency strategists at UOB Group, EUR / USD risks further losses as long as it trades below 1.2250. Key Comments: 24 hour view: “We highlighted yesterday that ‘a further EUR / USD advance is not ruled out, but a clear breakout of 1.2250 is unlikely’. While EUR / USD initially […]
Tag: Banks
EUR / USD could continue corrective weakness mode – Credit Suisse
The EUR / USD is expected to undergo a longer consolidation / correction phase, but this is seen as temporary before an eventual break above 1.2355 for a move to 1.2518 / 98, Credit Suisse analysts estimate. Key statements: “EUR / USD has recovered from the short-term price support at 1.2129 / 22 as expected, […]
GBP / USD moving towards the 1.3760 zone – UOB
In the opinion of the currency strategists of UOB Group, the pound could head towards the 1.3760 zone in the coming weeks. 24 hour perspective: “While we noted yesterday that bearish momentum was waning and sustained weakness is unlikely to continue, we do not anticipate the sudden rise in the British pound that sent GBP […]
EUR / USD is now pointing towards 1.2250 – UOB
The currency strategists of UOB Group suggest that the next level to watch for in EUR / USD is now 1.2250. 24 hour perspective: “Yesterday, we held the view that the rapid decline was oversold, but there was room for the EUR to first test 1.2125 before stabilization could be expected. However, the euro failed […]
Chances of a deeper corrective pullback to test 1.2065 / 59 – Credit Suisse
The EUR / USD is trading unchanged Tuesday around 1.2150. Credit Suisse economists continue to look for a pullback with support seen at 1.2129 / 22, then 1.2065 / 59; while on the upside, they locate resistance at 1.2385. Key statements: “Our bias looks towards a breakout in due time and a deeper pullback to […]
Brent will hit the $ 65 level this summer
“We are increasing our tight oil forecast and now Brent prices are expected to hit $ 65 / barrel this summer instead of year-end“Goldman Sachs analysts noted in their latest commodities report. Key Comments: “With the implementation of vaccines around the world, the probability of a rapidly narrowing market from the second quarter of 2021 […]
EUR / USD: Odds increase for a test of 1.2080
UOB Group currency strategists note that EUR / USD risks a probable drop to the 1.2080 region In the next weeks. Key Comments: 24 hour view: “Yesterday we expected the EUR to ‘weaken to 1.2150’. We indicated that ‘the next support at 1.2125 is probably out of reach.’ Subsequently, the EUR / USD fell to […]
EUR / USD points to pullback with support seen at 1.2129 / 22 – Credit Suisse
The EUR / USD lost traction and fell below the 1.22 level. Credit Suisse economists see room for further weakness and a possible test of the 38.2% retracement of the November / January rally at 1.2065. Key statements: “EUR / USD is extending its rejection of our long-term ‘measured base target’ at 1.2355 and with […]
GBP / USD to seek deeper corrective pullback to 1.3430 – Credit Suisse
GBP / USD is expected to see further weakness below the neckline to the 2018 high at 1.3710 / 20, with support seen at 1.3487 / 61 and then 1.3430, Credit Suisse analysts report. Key statements: “GBP / USD remains under pressure, as expected after its bearish ‘reversal day’ from the ‘neckline’ to the 2018 […]
EUR / USD may extend downward correction to 1.2130 zone – Commerzbank
The upward correction of the US dollar is gaining ground, with the EUR / USD pair falling below the 1.22 level. Karen Jones, Head of Technical Analysis Research Team at Commerzbank, expect losses to 1.2130 level and a possible test of the September maximum of 1.2014. “The EUR / USD pair last week saw a […]
