USD / JPY still risks falling further, but a move to the 103.18 level looks unlikely on the short-term horizon., in the opinion of UOB Group currency strategists. Key Comments: 24 hour view: “Last Friday, we held the view that USD / JPY ‘could fall to 103.60 first before a more sustained rally can be […]
Tag: Banks
EUR / USD seen between 1.1840-1.1890 in the very short term
According to the currency strategists at UOB Group, EUR / USD is expected to move between 1.1840 and 1.1890 in the very short term. Key Comments: 24 hour view: “We expected EUR / USD to strengthen last Friday, but we are of the opinion that ‘it is unlikely to break the main resistance at 1.1920’. […]
NZD / USD is pressing again against 0.6942 / 45 – Credit Suisse
The NZD / USD is pressing again against the 0.6942 / 45 resistance and Credit Suisse analysts expect a clear breakout in due time, with the next key level at 0.6970. Key statements: “The NZD / USD is making another attempt at key 2019 resistance and recent highs at 0.6942 / 45. Although we could […]
EUR / USD aims to break 1.1920 / 26 resistance – Commerzbank
Axel Rudolph, senior technical analyst at Commerzbank, expects the EUR / USD pair to experience a greater trading range as the pair stabilizes below the current November high at 1.1920. Finally, the euro / dollar should exceed this level. Featured Comments: “The EUR / USD for the last three months has been in a range. […]
EUR / USD still targets 1.1920 – UOB
In the opinion of the currency strategists of UOB Group, el EUR / USD could break above the 1.1900 mark in the coming weeks. 24 hour perspective: “Yesterday we expected the EUR to move lower, but we are of the opinion that any weakness would be seen as a lower trading range of 1.1825 / […]
S&P 500: Breakout of 3.585 Support Warns of Further Short-Term Range Movement
While Credit Suisse analysts remain bullish on the S&P 500 index, the break of the gap support at 3.585 on Wednesday is adding weight to the eye for further consolidation in the near term and a test of the support at 3.519 / 09. Key Comments: “The S&P 500 experienced a strong pullback at the […]
Resistance at 1.3310 / 19 slows possibility of further gains – Credit Suisse
GBP / USD has been rejected again from resistance at 1.3310 / 19, the 78.6% retracement of September’s slide, raising prospects for more sideways rallies, Credit Suisse economists note. Key statements: “Short term support is seen at 1.3204, then 1.3193, with the 13-day average and price support at 1.3172 / 62 now ideally holding for […]
EUR / USD will remain trading within the 1.15-1.20 range – Westpac
An increase in the Pandemic Emergency Purchase Program (PEPP) and more financing with TLROs seems increasingly likely at the meeting of the European Central Bank (ECB) on December 10, according to analysts at Westpac. See the EUR / USD trading in the 1.15-1.20 range, as COVID-19 continues to limit the recovery in the region. Key […]
EUR / CHF will change only moderately up next year – Rabobank
The initial optimism that followed the positive news about vaccines early last week brought a collective sigh of relief from the world’s population. The improvement in risk appetite led to a sharp upward adjustment in the value of the EUR / CHF, emphasize analysts at Rabobank. They estimate that the cross will appreciate in the […]
The outlook remains positive as long as it trades above 1.1790 – UOB
The currency strategists of UOB Group They noted that the outlook for EUR / USD remains positive as long as it is above the 1.1790 level. 24 hour perspective: “We highlighted yesterday that the bullish momentum had diminished considerably and the risk of the EUR moving to 1.1920 from here was low. We expected the […]
