Forex Strategists UOB Group, Lee Sue Ann and Quek Ser Leang, point out that the EUR/USD trades between 1.0755 and 1.0935. 24 hour outlook: “We highlighted yesterday that there was room for the EUR to advance further to 1.0885 and we believed a sustained rise above this level was unlikely. However, the euro topped 1.0885 […]
Tag: Majors
GBP/USD slides lower after falling to reclaim 1.3100
On Thursday, GBP/USD is losing 0.18% A positive market mood and market talk of the Fed’s hawkish line lifted US Treasury yields, supporting the dollar. GBP/USD Price Forecast: Struggling Bulls at 1.3100 Opened the Door for Further Downside Pressure. The British Pound failed to test the 1.3100 mark, leaving it vulnerable to selling pressure; Consequently, […]
USD/CAD bounces off two-week lows, hits new daily highs above 1.2500
The US dollar gains momentum during the US session amid rising US yields. Risk appetite moderates and oil prices fall. USD/CAD bounces back after Wednesday’s drop, back above 1.2500. The USD/CAD It broke above 1.2500 and rose to 1.2521, making a new daily high. It remains near the top with a bullish tone amid a […]
EUR/USD trims gains and returns below 1.0900
EUR/USD moderated earlier rally to 1.0940 area. ECB members see a likely rate hike in July. Chairman Powell speaks later about the global economy. After the previous rally to fresh 2-week highs in the 1.0935/40 band, the EUR/USD is under slight downward pressure and is now back in the area below 1.0900 on Thursday. EUR/USD […]
USD/JPY keeps moving sideways for now – UOB
The USD/JPY is still seen within the range of 126.90-129.40 in the coming weeks, suggested Lee Sue Ann and Quek Ser Leang, currency strategists at the UOB Group. Key comments 24 hour view: “We highlighted yesterday that USD/JPY ‘could strengthen further.’ We added that ‘only a break of 128.30 would indicate that the current strong […]
Dollar selling pauses, spotlight on central bankers at IMF event
This is what you need to know to trade today Thursday April 21: Pressured by the sharp decline seen in US Treasury bond yields, the dollar weakened against its main rivals on Wednesday. The dollar holds its ground at the start of the European session on Thursday, as investors expect the FOMC chairman, Jerome Powelland […]
GBP/USD has probably moved into a consolidation phase – UOB
According to Lee Sue Ann and Quek Ser Leang, currency strategists at the UOB Group, now GBP/USD is expected to trade within the range of 1.2975-1.3100 In the next weeks. Key comments 24 hour view: “We were expecting GBP/USD to ‘consolidate within a range of 1.2985/1.3050’ yesterday. Contrary to expectations, the British pound rose to […]
EUR/USD now looks to test 1.0885 – UOB
Lee Sue Ann and Quek Ser Leang, forex strategists at UOB Group, now come to the EUR/USD advancing to the 1.0885 level in the coming weeks. 24 hour outlook: “Yesterday we highlighted that the downward pressure had eased and we expected the EUR to consolidate and trade sideways. However, instead of trading range bound, the […]
GBP/USD rises from 1.3000 on falling dollar, points to 1.3160
The British pound rises in the American session, up 0.54%. GBP/USD’s gains were attributed to falling US Treasury yields, which undermined the dollar. Scotiabank and BBBH expect further declines for the GBP/USD pair. GBP/USD Price Forecast: Pair remains biased to the downside unless GBP bulls push price above 1.3160. GBP rebounds from weekly lows near […]
USS/JPY pulls back from 20-month highs and heads towards 127.75
USD/JPY trimmed Tuesday’s gains, shedding 0.88%. An upbeat market mood, Japanese government intervention and falling US Treasury yields weighed on USD/JPY. USD/JPY Price Forecast: Negative Divergence on the daily chart could trigger a drop towards 125.00 area. The recoil of USD/JPY from 20-year highs they sent it around 129.40, in what appears to be a […]
