The currency strategists of UOB Group noted that the EUR / USD expects more gains at a close above 1.1920 In the next weeks. 24 hour perspective: “The EUR rose to a high of 1.1868, and fell to 1.1812 before recovering to end the day at 1.1853 (+ 0.18%). The Bullish momentum is starting to […]
Tag: Banks
The dollar is expected to remain weak
Heng Koon How, CAIA, Head of Markets Strategy and UOB Group Senior Forex Strategist Peter Chia expect that the dollar outlook remains negative for the moment. Key Comments: “Our base scenario is still that the US dollar will gradually weaken and that many of the predominant drivers of the weak US dollar they haven’t changed […]
3-month EUR / USD forecast revised up to 1.17 from 1.16
The upside potential of the shared currency against the USD could be limited due to a combination of factors, think the Rabobank analysts. Key statements “First, the market built significant long positions in the euro in the spring and summer on the view that the EU had taken a step towards a more coordinated fiscal […]
AUD / USD now goes into a consolidation phase
AUD / USD is expected to move within the 0.7130-0.7305 range in the coming weekshave suggested currency strategists at UOB Group. Key Comments: 24 hour view: “We highlighted yesterday that ‘the underlying tone has softened a bit and this could lead to AUD / USD falling towards the floor of the expected range of 0.7240 […]
GBP / USD: Expected to hold the 1.3000-1.3250 range
GBP / USD is likely to trade between 1.3000 and 1.3250 in the coming weeks, have noted the currency strategists of UOB Group. Key Comments: 24 hour view: “We highlighted yesterday that ‘the bullish momentum has more or less dissipated and the current move is considered part of a consolidation phase.’ Instead of consolidating, however, […]
EUR / USD remains in range between 1.1720 and 1.880
According to the FX strategists of the UOB Group, the EUR/USD still moves in the range between 1.1720-1.1880 In the next weeks. 24 hour view: “Our view that the euro ‘is under slight downward pressure’ was wrong as it bounced to a high of 1.1819 before trading sideways for the rest of the sessions. The […]
GBP / USD still shows strong resistance at 1.3380 – UOB
A greater rise in the pound / dollar is not ruled out, although faces a solid hurdle at 1.3380 before hitting 1.3420, according to analysts UOB Group. 24 hour perspective: “We highlighted yesterday that while the rapid advance seemed to be ahead of itself, the strong bullish momentum suggested that the GBP could further strengthen […]
EUR / USD could continue to trade within the 1.1720-1.1880 range in the coming weeks – UOB
It is likely that the EUR / USD continue to trade within the 1.1720-1.1880 range for the next few weeks, noted the currency strategists of UOB Group. 24 hour perspective: “We expected the EUR to trade in a lower 1.1775 / 1.1855 range yesterday, but it broke down at 1.1775 and fell to 1.1744 before […]
NZD / USD returning to the 0.70-0.75 range – MUFG
The decision of the Reserve Bank of New Zealand (RBNZ), which kept its interest rate unchanged while it introduced a Financing for Loans Program (FLP), boosted the kiwi in the market. MUFG Bank analysts estimate that it will continue to appreciate. Key statements: Given the current context of a vaccine that could solve the COVID-19 […]
EUR / GBP could set a major ceiling to fall below 0.8866 – Credit Suisse
EUR / GBP weakness has intensified after breaking the uptrend of 0.8966 / 46, which had been coming since the end of April, as well as significantly the 200-day average, analysts at Credit Suisse note. They estimate that if they lose 0.8866 / 64, an important ceiling would be established. Key statements: “EUR / GBP […]
