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EUR/GBP analysis from UBS.

UBS provided some analyses on EUR/GBP, highlighting that they are prone to think that UK will remain in the EU. The analysts also added that they expect some weakness in GBP till the vote on 23 June. “We have studied where we think EUR/GBP will end the year, depending on the result of the UK referendum […]

Bearish forecast on USD/JPY from UBS.

UBS analysts made a forecast on USD/JPY pair on Feb 9. As per the report, the pair will move down to a low of 114.22 after breaking the 116.00/25.  They prefer to sell USD/JPY on rallies to the resistance at 116.00/25 taking into account the current risk environment.

UBS target of 0.65 for AUD/USD.

UBS keeps its bearish estimate on AUD/USD with a target of 0.65 on a 6 and 12-month basis. The prediction was made after the Reserve Bank of Australia (RBA) dovish statement on February 1. RBA kept the cash rate unchanged at 2%. According to UBS analysts, the RBA seemed satisfied with domestic conditions pointing at […]

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 […]

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, […]