The Mexican peso is currently holding a small gain against the US dollar so far this year. Sharp rises in domestic interest rates have supported the MXN and Scotiabank economists expect policymakers to tighten rates further, keeping the MXN USD/MXN within recent ranges. The peso is supported by a tighter monetary policy “Banxico’s proactive rate […]
Tag: Banks
EUR/USD will move below parity for a while in the coming weeks – SocGen
According to Kit Juckes, chief currency strategist at General Companyit is EUR/USD unlikely to break below 0.95. However, the pair will trade below parity in the coming weeks. Europe has tapped into global LNG supplies “The good news that Europe has tapped into global LNG supplies and is doing a better job of unhooking Russian […]
S&P 500: Potential to see a major top at 4327/70 – Credit Suisse
The S&P 500 Index is now facing a key test of technical resistance at the potentially bearish 200-day moving average (DMA), down 61.8% on 4327/70and according to economists Credit Suisse there is potential to see a significant high here MACD weekly momentum maintains its bullish cross “Although the weekly MACD momentum has crossed to the […]
GBP/USD will trade below 1.20 until the end of the year – Scotiabank
In the UK, the cost of living crisis and sluggish growth may hamper the Bank of England’s ability to deal with soaring inflation and meet market expectations for tighter policy. In the opinion of economists scotiabankthis will weigh on the pound in general. Negative outlook in the face of rising inflation “Pound outlook is negative […]
EUR/USD could quickly fall below parity on recession fears – Commerzbank
The EUR/USD pair is currently trading in a range of 1.00-1.04. If there is a trigger that catapults the pair out of the range, this breakout will most likely be to the downside.in the opinion of the economists of Commerzbank. Few reasons why EUR/USD should break out of the current 1.00-1.04 range “There is currently […]
USD/CAD: Expected to drop below 125 by the end of the year barring another big correction in oil prices – ING
The fall from Crude oil prices helped USD/CAD rise above 1.2900 on Monday, after having been weighing heavily on the Canadian dollar. Nevertheless, for ING analysts, the BoC tightening could push the pair below 1.25 by the end of 2022, unless oil undergoes another big correction. Waiting for some drag effect “The Bank of Canada […]
EUR/USD may remain near lows during the second half of 2022 – ING
Rate differentials and the impact of energy revenues make the environment very difficult for the euro. Therefore, ING strategists report that EUR/USD should be close to parity for much of the second half of the year. Late cycle economies will keep the dollar bid “It seems pretty clear that the US is a late cycle […]
EUR/USD risks falling below 1.0100 – UOB
According to UOB Group currency strategists Lee Sue Ann and Quek Ser Leang, the EUR/USD it could fall back below the 1.0100 level in the coming weeks. 24 hour outlook: “Our view that the EUR would trade in a range yesterday was incorrect as it fell sharply to 1.0153 before closing on a weak note […]
Bank profits in 2022 that investors expect
By Leonidas Stergiou By watching the presentations of the first semester results of the four systemic banks and then reading the analyzes of the analysts who took part in the teleconferences and the questions they asked, four main findings emerge: Firstlyoverall profitability this year will likely be higher than the targets communicated by the banks […]
AUD/USD is now heading for 0.7170 – UOB
According to UOB Group currency strategists Quek Ser Leang and Peter Chia, the AUD/USD could go higher and visit the 0.7170 region in the short term. 24 hour outlook: “Last Friday, we highlighted that AUD was unlikely to advance further and we expected it to trade sideways within a range of 0.7060/0.7130. Our view on […]
