Home / Monthly Archive for: "January 28th, 2016" FORECAST

Commerzbank predicts EUR/USD to slip below 1.0711.

As per Commerzbank analysts’ prediction, the Eurozone economic growth and inflation will remain below the ECB’s target, and Euro Exchange Rate is forecasted to soften in the medium term. The speculations on ECB to ease the monetary policy in March have a damaging impact on Euro demand. Axel Rudolph, Senior Technical Analyst at Commerzbank, forecasted […]

Oil price downgrade from Credit Suisse.

The Swiss bank downgraded its forecast for oil prices on January 26. It estimates that WTI Crude prices will be around 37.75 USD/bbl in 2016, down from a previous forecast of 56.44 USD/bbl and around 54.25 USD/bbl in 2017, down form a previous estimate of 63.31 USD/bbl. Brent Crude is expected to trade at a […]

Barclays is bullish on USD/CAD.

Barclays turned to neutral for USD/CAD in the short-term, as the currency pair closed below 1.4150 near the 21 day moving average, which increases the risk of deeper possible correction. According to the analysts at Barclays, they are bullish on USD/CAD and are looking for signs of a base to re-enter a long position. If […]

Citibank experts forecast a range of 1.0711-1.0990 for EUR/USD.

Citibank Wealth Management published its Weekly FX insight report on January 25 analyzing the performance of major currency pairs as of January 22. The article discussed ECB President Mario Draghi’s announcement, which said that oil prices dropped 40% since December 2015 and thus imply that 2016 inflation may be lower than ECB’s expectations. That is […]

Barclays estimates the next target of EUR/USD near 1.0640.

The strategy team at Barclays Capital provided trading strategies for six major currency pairs on January 25. The technical setup for EUR/USD was as follows: The currency pair closed below 1.0805 on Friday, which supported the Barclays’ initial outlook towards 1.0710 target level. The analysts expect that next target will be near 1.0640 and then […]

Morgan Stanley expects USD to strengthen

US dollar strengthens, triggered more by events happening outside the US rather than those happening in it. Continuous stresses and doubts in emerging countries cause most currencies to weaken against USD. ECB President Mario Draghi’s announcement about keeping interest rates low strengthened the USD even more. Eventually, global capital should move to the US which […]

Credit Agricole Trade Ideas – Buy the Dollar Sell the Euro

From Credit Agricole: When it comes to the USD, we believe that the USD should stay a buy on dips. Although Friday’s weaker than expected retail sales release suggests more muted domestic demand conditions and although this may be reflected in even further falling inflation expectations, there appears to be limited room of further falling […]

Commerzbank targets 1.0523 for EUR/USD (Short-Term)

Commerzbank, the German bank,  outlook for the EUR/USD: “Scope remains for a probe into tougher resistance at 1.10/1.1060 – recent highs and the 200 day ma and these should act as an effective near term ceiling. Key resistance remains the 1.1062/91 2014-2016 downtrend and 55 week ma and we view the market as bearish while […]

UBS oil forecast for 2016

Another investment bank lowers their oil forecast for 2106. UBS now expects crude oil to average $40 a barrel in 2016, down from $52.50 per barrel in their previous forecast . UBS forecast for Brent oil has also slashed from $57.50 to $42.50 per barrel. The bank explains: “In the near-term the market remains oversupplied and […]
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