Karen Jones, Technical Analysis Research Team Leader at Commerzbank, is closely watching the USD / CHF low of 0.9048 in mid-September as a break below, in her view, would open the way for further losses. Key statements: “USD / CHF yesterday missed the broken two-month uptrend line that is now acting as resistance at 0.9184.” […]
Tag: Banks
GBP / USD is still facing stiff resistance at 1.3050
In the opinion of the FX strategists of the UOB Group, the cable is likely to operate with a slight downward bias and with resistance starting at 1.300. 24 hour view: “The sudden increase in volatility was a surprise, as the GBP reached a maximum of 1.3024 before falling rapidly at the end of the […]
EUR / USD between 1.1690 and 1.1830 in the short term – UOB
The strategists of OUB Group now forecast that the EUR / USD will navigate within a range of 1.1690 and 1.1830 in the coming weeks. 24 hour perspective: “Our expectation that the EUR would trade sideways yesterday was incorrect as it peaked at 1.1793 before closing on a firm note at 1.1766 (+ 0.41%). The […]
EUR / USD poised for a return to interim support at 1.1695 – Commerzbank
Axel Rudolph, FICC Senior Technical Analyst at Commerzbank, expects the EUR / USD pair to revisit the 1.1695 zone and see further losses to 1.1612. Key statements: “EUR / USD failed to remove support offered by the August low at 1.1695 last week, and although we are seeing a small rebound from here, the indications […]
A break of 0.7005 seems unlikely – UOB
AUD / USD is facing a further decline, but a move to levels below 0.7005 seems unlikely at the moment, suggested currency strategists at UOB Group. Key statements: 24-hour outlook: “Our expectation that” there is room for the AUD to move to 0.7045 first before current weakness stabilizes “did not materialize as the AUD traded […]
Risks skewed to the downside with support seen at 0.9005 – Credit Suisse
EUR / GBP remains on the defensive, around 0.9030. A clear break of 0.9026 / 05 should allow weakness to accelerate sharply, with the next support at 0.8934 in its sights, the Credit Suisse team of analysts note. Key statements: “With the short-term downtrend of mid-September still intact, today at 0.9104 / 10 and with […]
EUR / USD with risks of greater losses in the short term – UOB
The EUR/USD it could fall back to the 1.1650 region in the coming weeks, according to currency strategists at UOB Group. 24 hour perspective: “We highlighted last Friday that the EUR was likely to first test the main support at 1.1680 before a rebound could be expected. Subsequently, the EUR fell to 1.1692 before rebounding […]
GBP / USD shows strong resistance at 1.3050 – UOB
The rise of GBP / USD shows solid resistance at the 1.3050 level, as suggested by the currency strategists of UOB Group. 24 hour perspective: “Our expectation that the British pound would first test 1.3080 before a more sustained pullback could be expected was incorrect as it fell to a low of 1.2891 (the high […]
EUR / USD with risks of a potential decline towards 1.1650 – UOB
According to the currency strategists of UOB Group, el EUR/USD I could go back further and retest the area 1.1650 in the short term. 24 hour perspective: “We highlighted yesterday that there was a possibility of the EUR going down, but any weakness was likely to be limited to a test of 1.1705. We added […]
EUR / GBP: Risk turns bearish, with support seen at 0.8982 – Credit Suisse
EUR / GBP has seen an aggressive rejection of its downtrend since mid-September at 0.9123 to complete a larger bearish “outside day”, Credit Suisse analysts note. They expect this to finally clear the way for a more sustained decline to 0.8982. Key statements: The unclear tone remains as EUR / GBP quickly reversed strength on […]
