USD / CHF is near multi-month highs around 0.9400, approaching the mid-July high at 0.9467. Axel Rudolph, Senior Technical Analyst at Commerzbank, indicates that the pair is targeting the 200-week moving average at 0.9664 in the medium term. Key statements: “USD / CHF is rapidly approaching the June 23 low at 0.9421 above which the […]
Tag: Foreign exchange
More raises above 109.50 – UOB
USD / JPY could retest the 109.85 level if it left 109.50 behind with a daily close, currency strategists at UOB Group commented. Key statements: 24-hour outlook: “Yesterday, we noted that” the underlying tone has strengthened a bit “and we held the view that the USD” could advance but is unlikely to challenge the resistance […]
USD / INR will advance towards $ 75.00 by the end of 2021 – CE
Analysts at Capital Economics expect the Indian rupee to devalue against the US dollar in the coming months, as rising US Treasury yields will continue to rise. Key statements: “With US Treasury yields now looking set to rise even higher in the next few years, we expect the US dollar to appreciate further.” “Now we […]
Negative outlook remains unchanged – UOB
Further pullbacks in AUD / USD are likely as long as it remains trading below the 0.7680 level on the short-term horizon, UOB Group currency strategists noted. Key statements: 24 Hour Outlook: “We highlighted yesterday that” oversold conditions suggest that the AUD is unlikely to weaken much further “and we expected the AUD to” consolidate […]
USD / CHF remains in the zone of maximums in months around 0.9400
USD / CHF maintained its demanding tone and rose for the fourth consecutive day on Friday. The dollar retreats slightly on Friday, but the weakness of the Swiss franc keeps the USD / CHF higher. The USD / CHF reached new highs since July in the European session at 0.9416 before retreating towards the 0.9400 […]
GBP / USD faces strong support around 1.3660 – UOB
GBP / USD negative phase remains unchanged as long as it is below the 1.3810 level, suggest currency strategists at UOB Group. Key Comments: 24 hour view: “Yesterday, we highlighted that ‘there is room for sterling weakness to first test 1.3660 before stabilizing.’ However, GBP / USD rallied after hitting 1.3671. The fast and robust […]
US dollar DXY index retreats from highs near 93.00 before data
The DXY index returns some of the recent strong advance. US 10-year yields resume rising to the 1.65% area. Inflation measured by the PCE will focus the attention of investors at the beginning of the American session. The US dollar DXY index, which measures the strength of the dollar against a basket of major currencies, […]
EUR / USD risks additional short-term losses – UOB
In the opinion of the currency strategists at UOB Group, EUR / USD could fall back to 1.1740 before targeting 1.1700 In the next weeks. Key Comments: 24 hour view: “Although we expected the EUR / USD to weaken yesterday, we are of the opinion that the EUR ‘is unlikely to threaten the support at […]
AUD / USD clings to gains near daily highs around 0.7625 region
AUD / USD makes a nice rally on Friday amid some profit-taking from the USD. Risk appetite provides an additional boost to the perceived riskier Australian dollar. A combination of factors could limit any further gains in the pair. The pair AUD/USD has built on its constant positive intraday movement and clings to daily gains, […]
USD / JPY rises back towards 109.00, at the top of the weekly range
USD / JPY has rallied to the top of the 108.30 – 109.20 range of the last three weeks. More hike in US bond yields is likely to be needed to push the pair to new yearly highs. The USD/JPY It has rebounded toward the top of the 108.30-109.20 range (roughly) that has been in […]
