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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 […]

Bearish targets on NZD/USD from Barclays.

Barclays analysts provided setups for several major currencies. According to them NZD/USD will decline to 0.6545 areas. “We are bearish against the 0.7055 range highs. A break below nearby support in the 0.6805 area would confirm a top under 0.7055 and open targets near initial targets near 0.6760. Measured targets for the top are towards […]

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. […]

Bearish target on NZD/USD from Barclays Capital.

According to the latest technical setups from Barclays Capital the analysts are bearish on NZD/USD currency pair. “We are bearish against resistance in the 0.6990 area and look for a move below 0.6760 to signal lower towards targets near 0.6670 and then 0.6545” written in the report. As of 4:56 PM EDT the NZD/USD was […]

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 […]