USD / JPY strength has been limited to the neckline around 105.10 and the bias remains to the downside, with the potential for an eventual test to the September low in the 104.00 area, according to Credit Suisse’s team of analysts. Key statements: “USD / JPY strength has been limited to the ‘neckline’ at its […]
Tag: Banks
EUR / JPY maintains five-month uptrend at 123. 57 – Commerzbank
The EUR/JPY maintains the five-month uptrend at 123.57 after falling 200 week moving average in 125.22. Karen Jones, head of the technical analysis research team at the FICCI in the Commerzbank, points to the September low at 122.38 on a break below the aforementioned uptrend, while a break above the 125.29 resistance would open the […]
USD / JPY: Focus is on the 104.00 level
In the opinion of UOB Group currency strategists, the USD/JPY it is now holding its attention at the key level of 104.00. Key Comments: 24 hour view: “USD / JPY traded between 104.53 and 104.93 last Friday, tighter than our expected consolidation range of 104.55 / 105.15. The underlying tone has weakened a bit and […]
EUR / JPY begins to erode five-month uptrend at 123.47 – Commerzbank
The EUR/JPY is starting to erode the five-month uptrend at 123.47 and Karen Jones, Head of Technical Analysis Research Team at Commerzbank, points to the September low of 122.38. “EUR / JPY remains under pressure after its recent failure at the 200-week moving average at 125.21 and our bias remains negative below 125.30“. “The pair […]
A test of 1.1900 still seems unlikely – UOB
The currency strategists of UOB Group They pointed out that a EUR / USD move towards the 1.1900 zone is not yet likely. 24 hour perspective: “We highlighted yesterday that further EUR strength was unlikely and we expected it to consolidate within a 1.1820 / 1.1885 range. While the euro did not strengthen further, it […]
China: Strong Growth Indicates V-Shaped Recovery Continues
The Chinese economy has continued the V-shaped recovery due to its “first in, first out” of the Covid-19 pandemic, with third quarter GDP rebounding significantly to 4.9% annually from 3.2% annually during the second quarter. , they explain analysts from the BBVA Research Department. They add that the uneven feature of the recovery that the […]
Existing US Home Sales: Homes Sell Incredibly Fast
Data released Thursday showed existing home sales rose 9.4% in September, beating expectations. Wells Fargo Analysts They explain that demand for homes is likely to be even stronger, with low inventories fueling competition and driving up prices. Key statements: “Existing home sales increased 9.4% in September at a rate of 6.54 million units. The increase […]
EUR / USD: ECB meeting does not change the rules of the game
Next week, the European Central Bank (ECB) you will have your policy meeting. Danske Bank analysts do not expect any further measures to be announced. They expect the central bank to send its usual dovish signals, which could raise market expectations for a December decision to raise / extend the PEPP due to its open […]
USD / JPY will remain trading within the range 104.00-106.50 – Westpac
Westpac economists maintain the sales objective of the USD/JPY at around 107, even if the 104.00 / 106.50 range looks like it will continue for some time. Key statements “We have long argued that as we progressed from September to October, risk sentiment would suffer as a widening political gulf in the US almost ruled […]
Little chance of a move below 0.88 in the coming months – Rabobank
For the British pound, attention has turned to Brexit, despite the multitude of fiscal news headlines, with the news that talks will continue between the UK and the EU pushing EUR / GBP to its lowest levels. from October 14. Rabobank economists do not see the cross moving below 0.88 in the coming months as […]
