USD/JPY outlook from UOB.

UOB analysts provided their outlook on USD/JPY today. “We turned neutral USD last Friday after our stop-loss was triggered at 109.60 (high of 109.73). The sharp drop upon opening in Sydney was clearly unexpected. The downside risk is increasing quickly and a daily closing below 107.50 would indicate a resumption of the bearish trend. The […]

1.1140 target on EUR/USD from Commerzbank.

According to the Commerzbank analysts the EUR/USD pair will probably visit the 1.1140 area. “EUR/USD recently charted a minor new high of 1.1465 which was not confirmed by the daily RSI. This loss of momentum at tough resistance has provoked a sharp selloff and we would allow for slippage towards the 1.1144 24th March low. […]

Barclays outlook on oil after failed Doha meeting.

Commodity analysts at Barclays provided their outlook on Brent Crude after the Doha meeting, where the oil exporting countries failed to reach a decision on oil production freeze. “Sunday’s highly anticipated meeting exposed the political rift between Saudi Arabia and Iran, and ultimately doomed the agreement. The producer countries are likely to meet again at […]

Scotiabank outlook on EUR/USD.

Scotiabank analysts anticipate a growing pressure on Euro. “The 1.14/1.15 range has been the top for the EUR over the past year and Friday’s close was a poor one for the EUR on the week, suggesting an important top/reversal had formed on the longer-term charts. We see strong resistance at 1.1450/60 now. Weakness below 1.1245/50 […]

USD/CHF bullish forecast from Credit Suisse.

Analysts at Credit Suisse provided their outlook on USD/CHF yesterday, stating that they remained long on USD/CHF from 0.9645, with a stop at .9585, and a target at .9788. “We look for further strength towards price and the 38.2% retracement of the March/April sell-off at .9712/26. We would expect an initial cap here, but a […]

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 […]

UOB analysts are bearish on EUR/USD in the near term.

Analysts from UOB provided their bearish outlook on EUR/USD for the next several weeks. “There is no change to our bearish view but as highlighted previously, downward momentum is not very strong and the downside potential is likely limited to 1.1145. Stop-loss remains unchanged at 1.1395 but 1.1350 is already a strong short-term resistance. Looking […]

BankForecast.com USD/JPY forecast 18-22 April 2016.

Talks regarding further FED rate increase are still major focus of market. As April FOMC meeting is approaching we can see that FEDs officials are much more on the side of cautions approach and rate increase during June as per FEDs Kaplan, Lockhart and FED Chair Yellen. Unexpected negative results posted during last week on […]

BankForecast.com USD/JPY Weekly Forecast April 11-15 2016

We have seen another very volatile week on financial markets, again with FED in spotlight. Minutes of  March FOMC meeting had been released, revealing that there is still not clear path for FEDs policy and that it is currently largely driven by world economical developments and fears of spillover effects on US economy and exports, […]
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