Home / Author Archive for: "Davit Kirakosyan" 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 […]

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 […]

UOB will turn bearish if EUR/USD falls below 1.12.

UOB analysts are still neutral on EUR/USD, however they stated that in case of the pair closing below 1.1200, they will revise their outlook to bearish. “While the downward momentum has eased somewhat after the rebound from the low of 1.1231 yesterday, the undertone for EUR is still weak and the immediate risk is tilted […]

Bullish outlook on JPY from Morgan Stanley.

Morgan Stanley analysts are still bullish on JPY. “We maintain our structurally bullish JPY view. We don’t expect intervention, particularly in light of the current G7 meeting, and don’t expect fiscal stimulus to change the trajectory on JPY. With questions about the future success of Abenomics, FX hedging and repatriation flows will continue to drive […]
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