Home / Monthly Archive for: "April 30th, 2016" FORECAST

BankForecast.com USD/JPY Weekly Forecast May 02-06 2016

Unprecedented measures taken by BOJ few months ago will still stay in force, without adding any additional stimulus for now, as per BOJs decision during its April meeting. Such course of action has been greatest surprise for many analysts, considering previous statements from Governor Kuroda and some other BOJ officials, heating market expectations on possible […]

EUR/USD short-term outlook from UOB Group.

According to the UOB Group analysts, the EUR/USD will move lower in the short-term. “While the break below 1.1230 bodes well for our bearish EUR view, the downward momentum is not as impulsive as we would like and this coupled with the strong support at 1.1145 suggests that EUR may struggle to move below this […]

Morgan Stanley is neutral on USD/JPY.

Morgan Stanley analysts reported their neutral outlook on USD/JPY. “We think USDJPY could tactically rebound to 112.50, as strong global risk appetite reduces the demand for safe haven assets and pauses JPY-supportive repatriation flows by domestic investors. However, our medium term bullish view on JPY has not changed and we would look to sell at […]

Bearish target on NZD/USD from Barclays.

Barclays Capital provided its technical setups for several major currency pairs. The analysts provided a bearish target on NZD/USD. “Failure to sustain a breach of resistance near 0.6990 along with last week’s topping candle helps to keep us bearish. We are looking for a move lower towards targets near 0.6760 and then the 0.6670 area. […]

EUR/USD outlook by Commerzbank.

Axel Rudolph from Commerzbank wrote a report on EUR/USD yesterday. “Last week EUR/USD failed at 1.1400 as expected and this week reached the previous April low at 1.1234 and nearly the 55 day ma at 1.1194. Below it lurks the 1.1144 24th March low with still further support coming in at the 1.1060/58 December high […]

A target of 112.20 on USD/JPY from UOB.

The analysts at UOB provided their bullish target on USD/JPY. “The break above the key 110.65 resistance led to the strongest USD gain since October 2014 From here, the outlook is clearly bullish but the rapid and sharp rise is severely overbought especially from a short-term perspective and this could lead to a couple of […]

BankForecast.com USD/JPY Weekly Forecast April 25-29 2016

Although fundamentals were promising relatively calm week ahead, Friday brought strongest weakening of Yen for last year and a half, finishing week at level of 111.6 against US Dollar. Such market reaction was caused by some statements from BOJ official of possible further stimulus measures that would be imposed during next BOJ meeting on April […]

USD/JPY outlook from UOB.

UOB analysts provided their outlook on USD/JPY today. “We turned neutral USD last Friday after our stop-loss was triggered at 109.60 (high of 109.73). The sharp drop upon opening in Sydney was clearly unexpected. The downside risk is increasing quickly and a daily closing below 107.50 would indicate a resumption of the bearish trend. The […]

1.1140 target on EUR/USD from Commerzbank.

According to the Commerzbank analysts the EUR/USD pair will probably visit the 1.1140 area. “EUR/USD recently charted a minor new high of 1.1465 which was not confirmed by the daily RSI. This loss of momentum at tough resistance has provoked a sharp selloff and we would allow for slippage towards the 1.1144 24th March low. […]

Barclays outlook on oil after failed Doha meeting.

Commodity analysts at Barclays provided their outlook on Brent Crude after the Doha meeting, where the oil exporting countries failed to reach a decision on oil production freeze. “Sunday’s highly anticipated meeting exposed the political rift between Saudi Arabia and Iran, and ultimately doomed the agreement. The producer countries are likely to meet again at […]
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