Home / Monthly Archive for: "February 24th, 2016" FORECAST

Neutral outlook on USD/JPY from UOB.

UOB is neutral on USD/JPY with an expected range of 112-115. However, the analyst mentioned that a decline below 112 would change their outlook to bearish. According to them a break above the resistance level of 115 is unlikely in a short term. The pair was trading at 111.7760 as of 06:00 AM EST today. […]

Barclays expectations on USD for the next weeks.

According to Barclays analysts the wage increase and inflation data releases supported the US dollar. Analysts are generally neutral on USD not expecting any meaningful move, however they believe that it can slightly appreciate during next weeks. US dollar strengthened against EUR and GBP this week. It rose by 3.5% and 1.3% against GBP and […]

Goldman Sachs bullish targets for USD/JPY.

Goldman Sachs provided targets for USD/JPY of 122, 125 and 130 in 3, 6 and 12 months respectively. According to the analysts, the BOJ’s surprise decision of introducing negative rates in January indicated a willingness to innovate in its monetary policy measures and a commitment to its price target. The Goldman Sachs believes that this […]

Morgan Stanley is bullish on USD.

Analysts at Morgan Stanley expect the US dollar to strengthen against major currencies such as EUR, JPY and CHF. Data releases from US last week showed solid figures from labor market, domestic demand, and manufacturing. However, the analysts believe that the Fed will stay on the sidelines after the sharp tightening of financial conditions to […]

GBP/USD target of 1.42 from UOB.

UOB turned bearish on GBP/USD with a target of 1.42. If the rate is able to break this support level, it will further decline to 1.4080 areas. As long as the highs of 1.4450 is unbreakable the analysts believe a rate to drop, even the strong resistance is standing at 1.4350. The pair was trading […]

EUR/USD bearish targets from Goldman Sachs.

Goldman Sachs maintains its targets for EUR/USD of 1.04, 1.00 and 0.95 in 3, 6 and 12 months respectively. As per the report, the analysts believe that the currency pair will drop significantly lower driven by diverging growth and monetary policy outlooks. Although the Euro had substantially weakened during the last 18 months, Goldman Sachs […]

Wells Fargo expects the EUR/USD to decline.

Analysts at Wells Fargo think that ECB will choose to ease the monetary policy further in the upcoming meeting, taking into account the Eurozone Q4 GDP data. “While the broader expansion in euro area economic activity remains in place, the 1.5 percent year-ago growth rate registered in Q4 is hardly a blockbuster pace, and has […]
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