In recent days, the euro has managed to hold up well against several currencies. But in the opinion of economists Commerzbankthe euro’s recent move looks reasonably fragile. The ECB seems to be able to convince the market, for now “Recent hawkish comments by members of the European Central Bank (ECB) appear to have had an […]
Tag: Banks
EUR/USD risks further decline below 0.9900 – UOB
A break of 0.9900 could accelerate losses in the EUR/USD in the short termforex strategists suggest UOB Group, Lee Sue Ann, and Quek Ser Leang. 24 hour outlook: “Euro’s sharp drop to a low of 0.9909 came as a surprise (we were expecting the euro to move in a range). Despite the quick rebound from […]
GBP/USD: Little in terms of clear support ahead of 2020 low at 1.1415 – Scotiabank
The GBP/USD has plummeted to 1.15. Scotiabank economists they expect the pair to remain under significant downward pressure. Price action is weak and unforgiving Against the gloomy domestic backdrop, defined by rising energy costs and the cost-of-living crisis weighing on economic activity and prospects, further volatility in equity markets can only mean further pressure. on […]
EUR/USD will drop towards 0.95 over the next month – Rabobank
On Wednesday, the EUR/USD closed at its highest level since mid-August. Nevertheless, Rabobank economists they expect the pair to fall towards 0.95 in the next month. The strength of the dollar will remain for about six more months “Before the Jackson Hole meetings, the market was expecting an ECB rate hike of 1% for the […]
EUR/USD will remain in a range of 0.9900-1.0100 – ING
The ING economists doubt that the European Central Bank’s (ECB) 25 basis point tightening this fall will make much of a difference to the soft EUR/USD profile. The pair will remain within a range of 0.99-1.01. ECB hawks could struggle to spark euro liftoff “Markets are now pricing in a 69 basis point hike at […]
USD/JPY faces a possible move beyond 140.00 – UOB
According to UOB Group strategists Lee Sue Ann and Quek Ser Leang, additional earnings could lift the USD/JPY above the 140.00 level in the short term. 24 hour outlook: “We expected the USD to trade sideways between 138.10 and 139.10 yesterday. Subsequently, the USD traded between 138.25 and 139.00 before closing at 138.96. The USD […]
Gold Price: Break below $1,691/$76 will turn risk to the downside for the next 1-3 months – Credit Suisse
Gold is under new pressure. A major “double top” remains threatening, which would turn risks to the downside for at least the next 1-3 monthsreport Credit Suisse strategists. Break above the 55 DMA at $1,766 to confirm further range “We continue to insist that a closing break below $1,691/76 would be enough to complete a […]
EUR/USD: Euro Bulls Will Probably Have to Be Patient for Some Time – Commerzbank
The likelihood has increased that the European Central Bank (ECB) will take action, rather than just talk, and raise its key rate by an impressive 75 basis points next week. Nevertheless, the market would probably sell the euro in a first reaction, according to Commerzbank economists. The ECB still has to convince in its comments […]
EUR/USD maintains short-term consolidated trend – UOB
UOB Group currency strategists Lee Sue Ann and Quek Ser Leang noted that the EUR/USD navigate inside the range of 0.9940-1.0125 in the coming weeks. 24 hour outlook: “The EUR traded between 0.9972 and 1.0078 yesterday, expanding our expected sideways trading range of 0.9985/1.0060. Price actions offer no new clues and we expect the euro […]
Banks are freezing staff and branch cuts
By Leonidas Stergiou The plan to close 120 bank branches and cut staff by 1,500-1,600 within the year is on hold due to the energy crisis and the war in Ukraine. The crisis was a game-changer for banks, as it amplified the social and economic impact of network and employee restructuring. In a period of […]