Home / Monthly Archive for: "June 27th, 2016" FORECAST

Neutral outlook on USD/JPY from UOB.

UOB provided its neutral outlook on USD/JPY today. “USD registered a range of 99.08/106.81 or roughly 770 pips. This is the single largest daily range since October 1998. Near-term outlook is unclear after the extreme movement and we do not have a firm view except that trading is likely to be confined within the 99.08/106.81 […]

Credit Agricole urges not to buy EUR.

Credit Agricole analysts suggested investors to avoid buying EUR. “We expect the single currency to remain subject to downside risks. This is especially true as the latest UK-related development is likely to increase political uncertainty in the EU further and as more muted growth prospects should keep the ECB in a position to consider additional […]

UOB believe GBP/USD may decline to 1.1300.

UOB analysts provided their bearish outlook on GBP/USD, stating that the pair can move down to 1.1300 levels. “While further GBP weakness would not be surprising, the record breaking drop last Friday is severely over-extended. That said, the 1.3225/30 low appears to be a tenuous support and a move to 1.3000 in the coming days […]

Morgan Stanley is bullish on JPY after Brexit.

Morgan Stanley kept its bullish outlook on JPY unchanged. “The UK’s vote to leave has helped USDJPY break below 100, fueling speculation of FX intervention by the MoF. However, Japan is on the US Treasury’s list of potential currency manipulators, so it is unlikely to intervene unless it gets approval from the G7. The G7 […]

UOB is bearish on EUR/USD.

UOB provided its outlook on EUR/USD, mentioning that it’s possible the rate to drop 1.0900 areas. “EUR broke several key supports last Friday and dropped to a low of 1.0905/10. The short-term rebound from the low appears to be corrective in nature and a break below 1.0905/10 could lead to further drop to the very […]

BankForecast.com USD/JPY Weekly Forecast June 27 – July 1 2016

Britons voted to leave European Union which triggered financial turmoil affecting every asset traded on financial markets. Japan currency, perceived as “safe haven” currency gained significantly in value, reaching level of 102 against dollar. Governor Kuroda expressed readiness to provide liquidity to central banks if necessary to stabilize markets. Global economic slowdown including historically low […]

BankForecast.com USD/JPY Weekly Forecast June 20-24 2016

New USD/JPY lows for this year has been reached during previous week, when currency pair tested level of 103.5 after BOJ rate decision.  When currency pair was traded around 107-108 levels, Minister Aso was mentioning market intervention  considering that strong Yen is hurting Japan economy and especially jeopardizing heavy monetary stimulus imposed by BOJ aimed […]

Bullish outlook on NZD/USD from UOB Group.

UOB analysts provided their bullish outlook on NZD/USD yesterday. “The 0.7030 stop-loss for the current bullish NZD view is barely intact (overnight low of 0.7032). There is a slim prospect that this level may continue to hold but unless NZD can move and stay above 0.7105 by end of today, the outlook for this pair […]

Barclays recommends selling USD/JPY.

Barclays Capital suggest investors to sell USD/JPY this week, because they “believe the FOMC is unlikely to provide much support for the USD, while BoJ inaction this week could result in some yen appreciation pressure again, particularly in light of downside risk arising from the EU Referendum”. “From a technical perspective, we are overall bearish […]
page 1 of 3