The analysts of General Company offer a bearish outlook for the EUR/USD in the short term amid the deepening European gas crisis. Featured Statements “When oil prices rose in the run-up to the Global Financial Crisis, both the European and US terms of trade suffered, but this time, the relative effect is completely different.” “From […]
Tag: Banks
EUR/USD could still continue to weaken – UOB
The EUR/USD is still at risk of further losses in the coming weeks, FX strategists at UOB Group, Lee Sue Ann, and Quek Ser Leang. 24 hour outlook: “Yesterday, we highlighted that downward pressure had eased and we expected the EUR to consolidate and trade between 0.9920 and 1.0010. The Euro subsequently fell to 0.9908, […]
Deadline of 7 days for the application of the digital card in supermarkets and banks
By Dimitris Katsaganis The adaptation period for supermarkets and banks (with more than 250 employees) for the implementation of the digital work card ends in seven days. The reason for a tool that is already implemented in banks and supermarkets (1st wave) which ensures the immediate, real-time update of the “Ergani” information system for the […]
EUR/USD still on track to test September 2002 low near 0.9615 – BBH
The EUR/USD remains heavy after Tuesday’s bounce really failed to break the 1.00 zone and is currently trading near 0.9930. BBH economists expect the pair to challenge the September 2002 low near 0.9615. ECB officials acknowledge recession risks “We believe EUR/USD is still on track to test the September 2002 low near 0.9615.” “The member […]
EUR/USD: Unlikely to rebound for the duration of the energy crisis – SocGen
Kit Juckes, Global Currency Strategist General Companyunderlines the importance of the terms of trade for the strength of the dollar. Euro Won’t Rebound Until Devastating Terms of Trade Divergence Stops. Energy prices help the dollar and crush the euro “When oil prices rose in the run-up to the Global Financial Crisis, both the European and […]
EUR/USD: A drop to 0.98 is more likely than a sustained recovery above parity – ING
EUR/USD staged a rebound and tried to regain parity after falling to its weakest level in almost 20 years on Tuesday, around 0.99. Nevertheless, the pair has retraced to 0.9950 and could drop to 0.98, ING economists report. Bearish bias persists “While an improvement in eurozone growth sentiment may trigger an asymmetric upside reaction in […]
Why the S&P 500 rally may not last, three reasons to remain cautious – Morgan Stanley
The recovery of the past two months has seen the S&P 500 index rise about 15% from its June low. However, as attractive as this recovery has been, the Global Investment Committee of Morgan Stanley Remains Convinced It’s Nothing More Than a Bear Market Recovery. It’s not unusual for stocks to rally during a bear […]
EUR/USD: Downside pressure eases above 1.0035 – UOB
Forex Strategists UOB Group, Lee Sue Ann and Quek Ser Leang, pointed out that the current weakness of the EUR/USD could mitigate above the 1.0035 level. 24 hour outlook: “Yesterday we highlighted that the Euro was likely to drop further and indicated that next support was at 0.9980 (minor support was at 0.9900). Subsequently, the […]
Dollar index could reach 110 by the end of the week – ING
The dollar has remained in high demand at the start of this week. I knowING economists expect the Dollar Index (DXY) to reach the 110 zone by the end of the week. The dollar-supporting global macro picture seems unlikely to change “Some of the price action in dollar crosses may end up being determined by […]
USD/JPY: Immediate target emerges at 137.85 – UOB
A higher rise could motivate the USD/JPY to break above the 137.85 level in the short term, FX strategists at UOB Group, Quek Ser Leang, and Peter Chia. 24 hour outlook: “Yesterday, we held the view that the USD’s overbought advance had momentum to extend further, but the major resistance at 137.85 was probably out […]
