According to currency strategists Quek Ser Leang and Lee Sue Ann of the UOB Group, it is expected that GBP/USD moves in the range of 1.3050-1.3200 In the next weeks. Featured Comments 24 hour view: “Yesterday we had the view that ‘the bias for GBP/USD is to the downside’. However, GBP/USD moved quietly between 1.3094 […]
Tag: Majors
EUR/USD risks falling below 1.0940 – UOB
The EUR/USD could pull back below the 1.0940 level in the near term, FX strategists at UOB Group. 24 hour outlook: “Yesterday we highlighted that there was room for the EUR to fall to 1.1015 first before a bounce could be expected. We added that a break of major support at 1.0990 still looked unlikely. […]
Struggle at 0.9285 but holds steady around 0.9265
USD/CHF rises but remains trapped in the 0.9240-80 range. A positive market mood boosts the dollar’s outlook. USD/CHF Price Forecast: Capped Within 0.9200-0.9300 Range. The USD/CHF rises but does not break above Friday’s high of 0.9279 as the pair explores an eleven-month downtrend line. At press time, USD/CHF is trading at 0.9266 during the American […]
USD/JPY modestly bullish, unable to recover 123.00
The Japanese yen is holding steady as US yields move sideways on Monday. USD/JPY consolidates, unable to recover 123.00. Mixed dollar across the board; DXY up for the third day in a row. The USD/JPY is rising modestly on Monday, supported by higher US yields and a mixed US dollar. The pair peaked at 122.94 […]
USD/CAD flirts with daily low below 1.2500 amid intraday surge in oil prices
USD/CAD saw fresh selling on Monday and broke two days of winning streak. The strong intraday rally in oil prices underpinned the Canadian dollar and exerted downward pressure. Fed rate hike expectations, Ukraine crisis benefited USD and should limit losses. The pair USD/CAD remained depressed early in the American session and was last seen flirting […]