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 […]