MUFG Bank analysts, they continue to see the pair USD/CHF with a bearish outlook without much support to the 0.8500 area. They believe that Biden’s victory supports the prospect of a weaker US dollar. Key statements: “Over the past week, the CHF has performed better than the EUR, as the general weakness of the USD […]
Tag: Banks
AUD / USD: A break above 0.7500 would establish a new range between 0.7500 and 0.8000
MUFG Bank Analysts They recommend the idea of ​​a long AUD / USD trade that reflects their expectation of a weaker US dollar in the short term. They see a potential entry level at 0.7435 with a target at 0.7675 and a stop loss at 0.7225. Key statements “The USD has broken below key support […]
EUR / USD turns focus to 1.2200 level – UOB
In the opinion of the currency strategists of UOB Group, el EUR / USD could now attempt a move to the 1.2200 mark in the coming weeks. 24 hour perspective: “We highlighted yesterday that a solid momentum suggested further strength in the EUR. We added that the next resistance was at 1.2100 followed by 1.2130. […]
Gold could have established strong support at $ 1760/65 – Commerzbank
Recent movements in the price of gold hint at the idea that an area of ​​strong support could have emerged in the containment area around $ 1760 per ounce, said Karen Jones, Head of Technical Analysis Research Team at Commerzbank. Key statements: “Gold tumbled, tested and reversed from the May high of $ 1760 / […]
EUR / USD firmer, now targeting 1.2200
UOB Group currency strategists note that the EUR / USD could now try to reach the 1.2200 level In the next weeks. Key Comments: 24 hour view: “Our expectation for the EUR / USD to consolidate was incorrect as it made a sudden and sharp rally and broke the main resistance at 1.2011 (September high). […]
GBP / USD faces additional gains above 1.3365
Prospects for further gains for GBP / USD remain above 1.3365 in the short term, suggest currency strategists at UOB Group. Key Comments: 24 hour view: “Yesterday, we held the view that ‘the rebound in the British pound has room to extend higher but any advance is likely to be limited to a test of […]
EUR / USD now focused on 1.1980
UOB Group currency strategists expect more gains on the EUR / USD as long as it remains above the 1.1980 level in the coming days. Key Comments: 24 hour view: “We highlighted yesterday that ‘the bullish momentum is strong and the EUR / USD is likely to continue to advance.’ We added, ‘the yearly high […]
USD / JPY: Bearish Momentum Improves
The USD / JPY could fall back to the 103.50 region and below that level in the coming weeks, according to UOB Group currency strategists. Key Comments: 24 hour view: “Last Friday we highlighted that ‘the underlying tone has weakened a bit, and this could lead to USD / JPY falling to 103.95’. We added, […]
GBP / USD: Additional gains probably above 1.3365
It is anticipated that the GBP / USD extend the rally as it rises above the 1.3365 level in the short termhave suggested currency strategists at the UOB Group. Key Comments: 24 hour view: “Last Friday, we highlighted that ‘the upward pressure has more or less dissipated’ and we expected GBP / USD to ‘trade […]
EUR / USD could attempt a move above 1.20
UOB Group currency strategists have noted that the currency is expected to EUR / USD focus above 1.2000 level if 1.1980 is exceeded In the next weeks. Key Comments: 24 hour view: “Our expectation for the EUR ‘to move within a 1.1880 / 1.1935’ range was incorrect as the pair spiked to a high of […]
