AUD / USD returned above 0.72. Analysts at Credit Suisse expect the Australian to extend its recovery to 0.7266 / 91, but with the strength seen as corrective before an eventual slide to the 0.7085 / 43 region. Key statements: “Resistance is seen at 0.7245 initially, above which a test of the 13-day exponential mean […]
Tag: Banks
GBP / USD now seen between 1.3640 and 1.3850 – UOB
The GBP / USD appears to have moved into a consolidation phase, probably between 1.3640 and 1.3850 in the short term, note the currency strategists at UOB Group. Featured Comments 24 hour view: “Although we observed yesterday that ‘it appears that the downward pressure has eased and GBP / USD is unlikely to weaken much […]
EUR / USD now targets 1.1800 – UOB
In the opinion of the currency strategists at UOB Group, EUR / USD rally could extend to 1.1800 zone In the next weeks. Featured Comments 24 hour view: “We highlighted yesterday that ‘there is room for EUR / USD to test 1.1720’. Adding: ‘Strong resistance at 1.1745 is not expected to be threatened.’ However, EUR […]
Possible Short Term Additional Range Move – UOB
USD / JPY is expected to hold the 109.30-110.55 range current for the time being, as suggested by currency strategists at UOB Group. Featured Comments 24 hour view: “Yesterday we expected the USD / JPY ‘to move sideways within a range of 109.55 / 110.05’. Subsequently, the USD / JPY rose to 110.14 before falling […]
USD / CAD with room for a deeper pullback to 1.2649 / 43 – Credit Suisse
USD / CAD had a day of extreme volatility on Friday and although the sharp setback may extend further, the weakness is still seen as corrective by Credit Suisse’s team of analysts. Come at the 1.2649 / 43 support, a key level that should hold. Key statements: “We see room for the weakness to spread […]
Recovery faces strong resistance at 1.3706 / 26 – Credit Suisse
GBP / USD weakness has pushed the price up to just before key support at 1.3571 / 67, Credit Suisse economists explain. They see room for a short-term rally to 1.3706 / 26. Key statements: “The resistance is seen at 1.3665 initially ahead of the 38.2% retracement of last week’s decline and the rear of […]
Additional setbacks remain on the table – UOB
In the opinion of the currency strategists at UOB Group, GBP / USD still ready for further pullbacks on the short-term horizon. Featured Comments 24 hour view: “We highlighted last Friday that GBP / USD ‘could decline further, but last month’s low near 1.3575 is likely to be out of reach.’ And we added that […]
EUR / USD still at risk of a move to 1.1600 – UOB
Currency strategists at UOB Group note that EUR / USD faces a possible drop to the 1.1600 area In the next weeks. Featured Comments 24-hour view: “Last Friday, we considered that EUR / USD ‘could go down and test the next big support at 1.1640 first before the risk of a rebound increases.’ However, EUR […]
USD / JPY now moving into a consolidation phase – UOB
According to currency strategists at UOB Group, USD / JPY is now seen trading between 109.30 and 110.55 in the coming weeks. Featured Comments 24 hour view: “We highlighted yesterday that ‘while the rapid advance appears to be running ahead of itself, there is room for the current USD / JPY strength to test 110.20 […]
EUR / USD still pointing to a move towards 1.1600 – UOB
Currency strategists at UOB Group point out that the EUR / USD it could go down and visit the 1.1600 zone in the next few weeks. Featured statements 24 hour opinion: “Yesterday, we highlighted that ‘although the EUR / USD could weaken further, still oversold conditions suggest that EUR / USD is unlikely may break […]