Economists at Credit Suisse look for EUR/USD to push towards 1.1250.EUR still being carried by the ECB “At the start of Q1 we wrote ‘a hawkish ECB framework, lower energy prices in Europe and a market fixation with US disinflation potential all leave room for EUR/USD to push again towards 1.0950 near-term.’ With that frameworkContinue reading “EUR/USD open to a push towards 1.1250 as ECB sticks to its guns.”
Tag Archives: Money matters
EUR/USD now focuses on 1.0970 .
In light of the recent price action, EUR/USD could extend the upside to the 1.0970 region in the next few weeks, noted Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia at UOB Group. Key Quotes 24-hour view: “The strong rise in EUR to a high of 1.0926 came as a surprise (weContinue reading “EUR/USD now focuses on 1.0970 .”
EUR/USD: Overcoming 1.08 essential to negate a possible Head and Shoulders.
EUR/USD has so far defended the 100-Day Moving Average and low of January near 1.0520/1.0480 resulting in an initial bounce. Economists at Société Générale note that reclaiming 1.0800 would negate Head and Shoulders pattern. Break below 1.0520/1.0480 to trigger an extended down move “It is worth noting that the pair is evolving within a possibleContinue reading “EUR/USD: Overcoming 1.08 essential to negate a possible Head and Shoulders.”
GBP/USD accelerates losses to the 1.2040 region amidst rising risk aversion.
GBP/USD comes under pressure after climbing to 1.2180.The strong rebound in the greenback weighs on the risk complex. UK Chancellor Hunt delivered the Spring Budget.In line with the rest of the risk-linked assets, GBP/USD faces renewed and strong downside pressure and revisits the 1.2040 region on Wednesday. GBP/USD weaker on risk-off mood GBP/USD adds toContinue reading “GBP/USD accelerates losses to the 1.2040 region amidst rising risk aversion.”
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