GBP/USD target of 1.42 from UOB.

UOB turned bearish on GBP/USD with a target of 1.42. If the rate is able to break this support level, it will further decline to 1.4080 areas. As long as the highs of 1.4450 is unbreakable the analysts believe a rate to drop, even the strong resistance is standing at 1.4350. The pair was trading […]

ScotiaBank is bearish on GBP/USD.

In its Foreign Exchange Outlook for February 2016, the Scotia Bank made a forecast on GBP. According to the report, the GBP seems to test the 2009 low around 1.3500. The risk lies to the downside given that the analysts consider the erosion in fundamental support and looming Brexit risk. Scotia Bank’s target is 1.35 […]

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, […]

Scotia Bank – FX Forecasts for 2016 & 2017

Scotia Bank (third largest bank in Canada) just published their currency forecasts for 2016 and 2017. While they predict the EUR/USD to fall in 2016 to 0.95 they do see it rising in 2017 to 1.12. They forecast USDJPY rate at 131.00 at the end of 2016 and USDJPY 137.00 rate at 2017. They also […]

BNP Paribas FX Forecast for 2016

BNP Paribas, the french bank, is out with its 2016 FX forecasts. In short, they are USD and GBP bulls. USD: Bullish: “We remain USD bulls into 2016 following the Fed’s first rate hike in almost a decade. The USD will continue to benefit from higher US yields against a backdrop of ECB and BoJ […]
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