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

1.10-1.14 range on EUR/USD from Danske Bank.

“With the Fed set to deliver merely a September hike this year, in our view, the case for USD upside from Fed repricing near term looks increasingly weak. At the same time, the ECB has now given up the fight for further euro depreciation” said in the report from Danske. According to the analysts the […]

Bullish target of 0.7740 on AUD/USD from UOB.

UOB provided bullish outlook on AUD/USD. “There is no change to the current bullish AUD view and we continue to target a move to 0.7740. That said, the current short-term consolidation phase appears incomplete and this pair may trade sideways for another 1 to 2 days more. Only a clear and clean break above 0.7680 […]

Barclays is bearish on GBP/USD.

The technical strategy team at Barclays Capital provided technical setups for major currency pairs. The analysts are bearish on GBP/USD currency pair. “We look for a break below our initial downside targets near 1.4050 to confirm downside traction towards support near 1.3980 and then our next targets in the 1.3835 area, the year-to-date lows” written […]

Russian Ruble analysis from Danske Bank.

Danske Bank Analysts provided an outlook on Russian Ruble, stating that the RUB is the best choice among oil producers as the oil prices increase. “Yet Russia’s currency has moved closer to its equilibrium levels as its strengthening has been subdued. Thus, the current levels in RUB are much more comfortable for the state budget […]

Credit Agricole thinks that EUR rally should be sold.

Credit Agricole published their outlook on EUR/USD currency pair, mentioning an important announcement from ECB executive. Peter Praet (executive board member and chief economist of the ECB) made comments last week, according to which the ECB still has room for cutting interest rates further. “We remain of the view that EUR upside is limited from […]

USD/JPY will decline to 100 according to Barclays.

The dovish comments from Fed last week would continue to make downward pressure on US dollar in near term according to the analysts at Barclays. “We continue to expect USDJPY to decline toward 100 in the quarters ahead,” said in the report. As of 4:52 PM EDT the pair was trading at 111.96, which is […]

UOB outlook on EUR/USD.

UOB Group provided their outlook on EUR/USD on March 21. “The bullish EUR phase that started on 11 Mar is still intact even though we are faced with strong resistance at 1.1375” said in the report. According to the analysts, only a break above 1.1375 would move the rate up to 1.1495 levels. As of […]
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