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BankForecast.com USD/JPY Weekly Forecast March 21-25 2016

USD/JPY forecast March 21-25. Focus of the third week of the March had been on Central banks concerns regarding recessions and economy slowdowns. During previous week we have seen ECB further deposit rate cut to -0.4%, while week-end was marked with FED`s revised interest rate policy and cut of GDP projections for this year, 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 […]

Moody’s lowers oil forecast to $43

Moody’s rating agency has changed their Brent crude oil forecast from $53 per barrel to $43 in 2016. They explain: Increasing consumption will not match the increase in supply. It will take time for these large global inventories to unwind, and combined with the possibility of new supply coming online from Iran, we expect oil […]

Goldman Sachs predicts a commodities bull market in 2016

Goldman analysts said in a recent report that fundamental adjustments will lead to a new bull market in  commodities: “The key theme for 2016 will be real fundamental adjustments that can rebalance markets to create the birth of a new bull market, which we still see happening in late 2016. Real fundamental adjustments have always […]

Morgan Stanley: Crude Oil at $20

Morgan Stanley sees USD strength as the main factor that could send oil down to $20. “Given the continued U.S. dollar appreciation, $20-$25 oil price scenarios are possible simply due to currency, The U.S. dollar and non-fundamental factors continue to drive oil prices.”

UBS short term forecasts and trade ideas

From UBS Bank: USD/CAD Forecast: From a risk/reward point of view, it makes sense to take a short-term punt here against that level, selling at 1.4170/1.4200, with a stop above 1.4225, targeting a short-term correction towards 1.4050. GBP/USD Forecast: Cable continues to tumble. After dropping to a low of 1.4507 into the close on Friday, […]
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