Westpac economists remain aiming to sell USD / JPY at around 107, even if the 104.00 / 106.50 range continues for a while longer. Key statements: “We have long argued that as we progressed from September to October, risk sentiment would take a hit as a widening political gulf in the US almost ruled out […]
Tag: Banks
EUR / USD will remain within the recent 1.15-1.20 range – Westpac
The EUR / USD can consolidate within its range of 1.15-1.20 as risk sentiment improves, the European Central Bank (ECB) is likely to keep policy unchanged. Rising COVID-19 Cases and Restrictions Should Limit EUR Gains, Report Economists from Westpac. “While ECB members have indicated throughout this week that there is unlikely to be any change […]
USD / JPY faces next support at 104.00 – UOB
The perspective of USD/JPY remains sloping down with the next major target in the 1 zone04.00, noted FX strategists in the UOB Group. 24 hour perspective: “The sudden sharp pullback in the dollar came as a surprise. The huge drop looks like it is being anticipated, but it still doesn’t show any signs of stabilization. […]
EUR / USD maintains its positive bias unchanged – UOB
The currency strategists of UOB Group noted that the EUR / USD momentum remains positive, but a move towards 1.19 is out of place for now. 24 hour perspective: “We highlighted yesterday that there was room for the EUR to make another push up to 1.1865. We added that the main resistance at 1.1900 was […]
EUR / JPY maintains a slight downward bias while below 125.11
EUR / JPY rose sharply again on Tuesday, however, only a break above 125.11 would end corrective risks for the central uptrend to resume, in the opinion of the Credit Suisse analyst team. Key statements: “EUR / JPY rallied further on Tuesday after essentially staying above the potential uptrend of May earlier in the week. […]
More short-term weakness before skyrocketing to $ 2,000 next year – ABN Amro
Gold prices have been rising in recent weeks but very slowly, helped by a weaker dollar. Investors are now less convinced of another rise above $ 2,000 per ounce and ready to continue taking profits, say analysts at ABN Amro, who also estimate it will hit $ 2,100 in 2021. Key statements: “Despite modest profit […]
EUR / USD maintains positive stance below 1.1900
UOB Group currency strategists note that EUR / USD outlook remains constructive, although a move to 1.19 seems unlikely at the moment. Key Comments: 24 hour view: “We highlighted yesterday that ‘there is room for the EUR / USD to first test 1.1805 before a more sustained pullback can be expected.’ We added, ‘the next […]
Yen’s Slow Routine Will Continue – MUFG
MUFG Bank Analysts, comes to par USD/JPY with a bearish bias for the next few weeks and expect it to trade in the 102.00 / 108.00 range. They point out that if their fundamental assumptions prove correct – a Biden win and a last-minute Brexit trade deal – the window for dollar strength will soon […]
EUR / USD: Still neutral, in a wider range
MUFG Bank Analysts they maintain their neutral outlook for the euro in the next month, but are widening the range to reflect construction risks. They expect the EUR / USD to trade between 1.1400 and 1.2200. Key statements: “The euro has continued to lose bullish momentum against the US dollar over the past month, with […]
AUD / USD could head towards September low at 0.7006 – Commerzbank
Karen Jones, Technical Analysis Research Team Leader at Commerzbank, maintains a bearish bias against the Aussie as AUD / USD trades below the downtrend at 0.7198 and expects a drop to the 0.7006 mark. Key statements: “AUD / USD continues to weigh to the downside: a negative bias remains ingrained below the short-term downtrend at […]
