Data released Friday in Canada showed a positive net change in employment of 84,000 and a decline in the unemployment rate to 8.9%. According to analysts at the National Bank of Canada, the recovery of the labor market has a long way to go and they see that job creation will begin to decline to […]
Tag: Banks
USD / CHF likely to fall further due to US election results
MUFG Bank Analysts they see a possible business idea in shortening the USD/CHF whereas the US dollar is likely to weaken further following the US election results. They point out that the Swiss franc will continue to benefit from currency debasement fears. Key statements: “USD / CHF is currently testing key support at the 0.9000 […]
EUR / USD: The euro is likely to remain relatively tight
The new blockades in the euro zone are expected to affect activity in the coming months, analysts from Wells Fargo. They want the European Central Bank (ECB) to announce an increase of 500,000 million euros in purchases from the Pandemic Emergency Program (PEPP) at its next meeting in December. They forecast EUR / USD to […]
GBP / USD: Additional gains expected above 1.3200
A sustained upward movement in GBP / USD is likely if it succeeds above the 1.3200 level.have suggested the currency strategists at UOB Group. Key Comments: 24 hour view: “Our expectation that GBP / USD would trade within the 1.2900 / 1.3080 range was incorrect as it spiked to a high of 1.3155 (the low […]
EUR / USD now looks towards 1.1915 – UOB
The currency strategists of UOB Group now point out that EUR / USD is targeting 1.19 and higher in the coming weeks. 24 hour perspective: “Our view that the EUR would strengthen yesterday was correct, but our expectation that 1.1855 was not expected to enter the scene was not met as the euro rose to […]
GBP / USD still looks within the 1.2845-1.3200 range
In the opinion of the currency strategists of the UOB Group, GBP / USD is forecast to extend the consolidation move between 1.2845 and 1.3200 in the coming weeks. Key Comments: 24 hour view: GBP / USD briefly spiked to a high of 1.3140, fell to a low of 1.2915 before trading between these two […]
EUR / USD: Possible additional short-term gains
UOB Group currency strategists have noted that the EUR / USD could move higher in the short term, although a move to 1.1880 is not favored at the moment. Key Comments: 24 hour view: “EUR / USD rose to a high of 1.1768, fell to 1.1602 before climbing again to end the day slightly higher […]
AUD / USD: Outlook remains mixed
AUD / USD could extend the trading range between 0.6990 and 0.7300 in the coming weeks, have noted the currency strategists of UOB Group. Key Comments: 24 hour view: “AUD / USD rose and closed at 0.7162 before briefly rising to a high of 0.7223 this morning. The rapid rise and the equally rapid retreat […]
GBP / USD seen within the 1.2845-1.3200 range
GBP / USD is forecast to move between 1.2845 and 1.3200 in the coming weeks, as suggested by the currency strategists at UOB Group. Key Comments: 24 hour view: “The sudden rise in the British pound that sent it to a high the day before of 1.3077 was a surprise. GBP / USD extended its […]
EUR / USD: A move to 1.1880 looks premature
UOB Group currency strategists have noted that EUR / USD could move further, although a new visit to 1.1880 seems unlikely at the moment. Key Comments: 24 hour view: “EUR / USD climbed to a high of 1.1768 before falling rapidly again (so far low 1.1602). Further expansion in the already wide range is not […]
