The USD/JPY could try to consolidate before a possible decline to the 131.65 level in the next few weeks, FX strategists at UOB Group, Quek Ser Leang, and Peter Chia. 24 hour outlook: “Last Friday, we noted that ‘downside momentum slowing suggested the USD was unlikely to weaken further’ and we expected the USD to […]
Tag: Banks
GBP/USD has entered a consolidation range – UOB
It is expected that the GBP/USD trade within the range of 1.2050-1.2245 in the coming weeks, UOB Group FX strategists Quek Ser Leang and Peter Chia suggest. 24 hour outlook: “The pound’s rapid drop to 1.2100 last Friday came as a surprise (we had expected it to trade between 1.2160 and 1.2240). Despite the decline, […]
EUR/USD: Chances of reaching 1.0400 – UOB decrease
Forex Strategists UOB Group, Quek Ser Leang and Peter Chia, noted that EUR/USD potential move towards 1.0400 region seems to have run out of steam. 24 hour outlook: “Our view that the EUR would trade sideways last Friday was incorrect as it fell as low as 1.0236 before closing at 1.0258 (-0.57%). The decline lacks […]
Investments of 1 billion in the new banking model in 3 years
By Leonidas Stergiou The digital transformation and the transition to the new banking service and experience model announced by the four systemic banks come to support a wider strategic transformation plan that starts from culture and internal structures to the redesign and launch of new products, the utilization of staff and the network, while expanding […]
The 4 conditions for loans to more businesses
By Leonidas Stergiou The systematic counting of the so-called “bankable” businesses begins, i.e. those that meet the banking criteria and those that are “cut off” by the banks or do not dare to proceed with an application as they believe that they have no chance of their application being approved. The first step is the […]
How the banks’ interest and organic income soared in the first half of the year
By Leonidas Stergiou A more detailed look at the results of the first semester is of particular interest. In the first half of the year, there was no increase in interest rates by the ECB, but, it should be recalled, a temporary increase in Greek bond yields and an increase in the euribor. The 3-month […]
GBP/USD: Break below 1.2110, opens doors at 1.20 – BBH
The British pound is retreating on Friday in the market, even despite better than expected data from the UK. GBP/USD trades in the 1.2120 zone, according to analysts at Brown Brothers Harriman, the break of 1.2110 could enable a drop towards 1.20. Key Statements: “A break below 1.2110 would test 5th Aug low near 1.20“. […]
GBP/USD remains centered around 1.2300 – UOB
GBP/USD needs to break above the 1.2300 level to allow for sustained gains on the short-term horizon, UOB Group currency strategists Lee Sue Ann and Quek Ser Leang suggest. Featured Comments 24 hour view: “Yesterday we highlighted that “GBP/USD was unlikely to advance further” and we expected GBP/USD to “trade between 1.2160 and 1.2260″. Subsequently, […]
USD/JPY risks falling towards 131.65 – UOB
Additional weakness has the potential to drag USD/JPY down to the 131.65 level. in the coming weeks, according to UOB Group currency strategists Lee Sue Ann and Quek Ser Leang. Featured Comments 24 hour view: “USD/JPY turned down and sank as low as 132.01 before bouncing to close at 132.87 (-1.67%). The bounce amid oversold […]
Taiwan: A war is not imminent, but the risk is high in the medium and long term – Danske Bank
Tensions soar with growing fear of a Chinese invasion of Taiwan in the not too distant future. Although the risks are increasing, economists continue to see a fairly small chance of a Chinese invasion of Taiwan in the next two years. However, the risk of war in the medium and long term is highin your […]
