News
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EUR/USD: To trade in a broad range of 1.0250/1.0490 – UOB Group
Scope for EUR to weaken further; any decline is unlikely to reach the major support at 1.0250. In the longer run, outlook is unclear; EUR could trade in a broad range of 1.0250/1.0490 for the time being, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Mon, Feb 10
USD/CNH: Likely to trade in a narrower range of 7.2500/7.3300 – UOB Group
Outlook remains mixed, but US Dollar (USD) is likely to trade in a narrower range of 7.2500/7.3300. In the longer run, momentum indicators remain neutral; USD is likely to trade in a range of 7.2700/7.3000, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Fri, Feb 7
NZD/USD: To rise gradually to 0.5725 – UOB Group
Chance for New Zealand Dollar (NZD) to edge higher; any advance is unlikely to break above 0.5705. In the longer run, there has been a tentative buildup in momentum; NZD could rise gradually to 0.5725, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Fri, Feb 7
AUD/USD: Sustained break above 0.6310 is unlikely – UOB Group
AUD is facing mild upward pressure; it could test 0.6310, but a sustained break above this level is unlikely. If AUD closes above 0.6310, it could trigger an advance to 0.6355, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Fri, Feb 7
CZK: Hawkish cut but with more on the table – ING
Yesterday's Czech National Bank meeting brought several surprises. Ahead of the meeting, data showed that inflation slowed less than expected, dropping to 2.8% year-on-year from 3.0% in December, mainly due to food prices, ING’s FX analysts Frantisek Taborsky notes.
EUR/USD: Price movements are likely part of a range trading phase – UOB Group
Current price movements are likely part of a range trading phase, probably between 1.0355 and 1.0415. In the longer run, outlook is unclear; EUR could trade in a broad range of 1.0250/1.0490 for the time being, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Fri, Feb 7
USD/MXN: Short-term price action to remain between 20.12/20.00 and 21.00 – Societe Generale
USD/MXN carved out an interim high near 21.28 earlier this week and re-integrated within its multi-month range; this denotes lack of steady upward momentum, Societe Generale’s FX analysts note.
Fxstreet
Thu, Feb 6
USD/CNH: To trade in a range between 7.2650 and 7.3050 – UOB Group
US Dollar (USD) is expected to trade in a range between 7.2650 and 7.3050. In the longer run, outlook is mixed; USD could trade in a 7.2430/7.3580 range for now, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Thu, Feb 6
NZD/USD: Has a chance to edge above 0.5705 before levelling off – UOB Group
New Zealand Dollar (NZD) could edge above 0.5705 before levelling off; the next resistance at 0.5725 is unlikely to come under threat. In the longer run, there has been a tentative buildup in momentum; NZD could rise gradually to 0.5725, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Thu, Feb 6
AUD/USD: Can edge higher and test 0.6310 – UOB Group
While conditions remain overbought, AUD could edge higher and test 0.6310. A sustained rise above this level is unlikely. In the longer run, If AUD closes above 0.6310, it could trigger an advance to 0.6355, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Thu, Feb 6