The AUD / USD pair has reached the high of 0.7484 from July 2018, but the daily Relative Strength Index (RSI) has not confirmed the new high. However, Karen Jones, Head of Commerzbank’s Technical Analysis Research Team, remains bullish as the Aussie trades above the 20-day moving average at 0.7366 and targets the double Fibonacci […]
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S&P 500 will continue its steady momentum to the upside with next resistance seen at 3720/25
The S&P 500 maintains its breakout above February’s key trend resistance, as analysts at Credit Suisse maintain a Bullish outlook with resistance below at 3,720 / 25, followed by 3,765 / 85. Key Comments: “The S&P 500 continues its steady upward movement and with the 3,700 psychological barrier cleared we maintain our immediate bullish bias […]
Next crucial resistance stands at 0.7484 – Credit Suisse
AUD / USD is undergoing another attempt to break above the highs of 0.7450 / 53, the break of which would reaffirm the uptrend, Credit Suisse analysts explain. Key statements: “A break above 0.7453 would reaffirm the uptrend, reinforce our bullish bias, and open the door for a move towards the July 2018 high at […]
US: Stimulus talks moving forward, USD to weaken by year-end
Risk appetite sentiment in financial markets this morning is positive in part due to signs of progress on a US fiscal stimulus package.as Senate Majority Leader Mitch McConnell, a Republican, appears poised to agree to a stimulus bill worth around $ 900 billion. Derek Halpenny, Head of Research for Global EMEA Markets and International Securities […]
A move towards 1.2200 is likely as long as the pair remains above 1.2040 – UOB
The currency strategists of UOB Group point out that the pair EUR / USD will keep trying to reach the 1.2200 zone as long as it is trading above 1.2040 In the next weeks. 24 hour perspective: “Yesterday we expected the EUR to consolidate within a lower range of 1.2065 / 1.2150. Subsequently, the euro […]
USD / JPY keeps the consolidation movement unchanged
The USD / JPY still looks inside the 103.70-104.80 range for the next few weeks, have noted the currency strategists of UOB Group. Key Comments: 24 hour view: “USD / JPY traded yesterday between 103.90 and 104.31, relatively close to our expected lateral trading range of 103.85 / 104.30. Price action offers no new clues […]
EUR / USD is still targeting the 1.2200 level
UOB Group currency strategists highlight the positive outlook for EUR / USD, which continues to target the 1.2200 level. Key Comments: 24 hour view: “We expected EUR / USD yesterday to ‘fall into a lower range of 1.2090 / 1.2160’ and we are of the opinion that ‘no sustained decline below 1.2090 is expected.’ Thereafter, […]
Resistance at 0.9150 / 65 will be an important limit – Credit Suisse
EUR / GBP holds a short-term bottom above 0.9007, but Credit Suisse analysts see the current strength as temporary with resistance at 0.9150 / 65, which should ideally slow the gains. Key statements: “EUR / GBP has held the support of its 55-day rising average and with a small base above the September downtrend and […]
USD / ZAR poised to test November 15.0947 low – Commerzbank
USD / ZAR has reached the rewritten 2018-2020 support line at 15.1449 and has so far held around it, Commerzbank analysts claim. They estimate that the pair if it breaks the November low of 15.0947, the November 2019 high of 15.0040 would be exposed. Key statements: “If there were a fall below the November low […]
EUR / USD: There is still room for a further rise
According to the currency strategists at UOB Group, there is still room for the EUR / USD to test the 1.2200 level next week. Key Comments: 24 hour view: “The EUR / USD made a fresh high of 1.2177 last Friday (high of 1.2175 on Thursday) before giving way to close slightly lower at 1.2120 […]
