UOB Group currency strategists noted that EUR / USD decline could extend to 1.2120 area in coming weeks. 24 hour perspective: “We highlighted last Friday that there was scope for the EUR to test 1.2225 first before the current weakness stabilized. However, the euro fell to 1.2190 before extending its slide this morning. The iBearish […]
Tag: Banks
EUR / USD enters a consolidation phase – UOB
The currency strategists of UOB Group noted that the EUR / USD positive phase appears to be over and is now expected to trade sideways in the coming weeks. 24 hour perspective: “Our expectation for the EUR to rise to 1.2360 was incorrect as it sank to 1.2243 after hitting a high of 1.2345. The […]
EUR / USD faces next resistance at 1.2360 – UOB
According to the currency strategists of UOB Group, el EUR / USD now faces the next hurdle at 1.2360 before reaching 1.2400. 24 hour perspective: “We highlighted yesterday that the EUR seemed poised to move above 1.2309, but it remains to be seen if it can move clearly above 1.2330. Subsequently, the euro rose to […]
Odds of a move beyond 1.2300 increase – UOB
The currency strategists of UOB Group maintain a Bullish view on EUR / USD in the short term. 24 hour perspective: “Our expectation for the EUR to decline did not materialize as it traded between 1.2240 and 1.2306 before settling at 1.2294 (+ 0.38%). The bullish momentum is beginning to improve and the euro appears […]
2020 high of 0.7742 slows up for now – Credit Suisse
AUD / USD is set to see another test of the late-2020 high of 0.7742, which the Credit Suisse team of analysts expects to continue to limit rises for now, in line with its bias of further dollar consolidation. Key statements: “AUD / USD saw another test of the crucial late 2020 high at 0.7742 […]
Aim for more hikes in the short term – Commerzbank
EUR / GBP remains in demand after closing above 0.90 on Monday and Axel Rudolph, FICC senior technical analyst at Commerzbank, expects the pair to extend bullish momentum in the near term. Key statements: “Yesterday, the EUR / GBP formed a key reversal by first falling below the late December low to its current January […]
GBP / USD to revisit September / early December highs at 1.3540 / 1.3483 – Commerzbank
GBP / USD witnessed a sea change on the first trading day of 2021 and fell more than 160 pips from 1.3700, or new 32-month highs. Commerzbank analysts expect to see a drop towards 1.3540 / 1.3483 as there are divergences pointing to pullbacks. They maintain a constructive long-term vision. Key statements: GBP / USD […]
GBP / USD consolidated between 1.3460 and 1.3710
UOB Group currency strategists note that GBP / USD could move within the 1.3460-1.3710 range in the coming weeks. Key Comments: 24 hour view: “Yesterday, we held the view that GBP / USD ‘could move above the main resistance at 1.3700, but a sustained rise above this level is unlikely.’ The pair subsequently rose to […]
EUR / USD risks a downward correction in the very short term
EUR / USD faces a possible move lower, although solid support is seen at 1.2200, suggest currency strategists at UOB Group. Key Comments: 24 hour view: “We expected the EUR / USD to ‘consolidate in a 1.2200 / 1.2280 range’ yesterday. However, it rose to a high of 1.2309 before rapidly reversing. The underlying tone […]
AUD / USD breaks above crucial resistance levels, next stop at 0.7742 – Credit Suisse
AUD / USD surpassed the 38.2% retracement of the 2011/2020 slide at 0.7625 / 40 and the June 2018 high of 0.7677, confirming that the uptrend remains intact, Credit Suisse analysts explain. They see the next key resistance at the 2020 high at 0.7742, the break of which could lead to 0.7816. Key statements: “AUD […]