FX

EUR/CHF has rebounded sharply from the low of 1.0300. The pair is expected to test the 200-day moving average (DMA) located at 1.0700, economists Société Générale report. Downside limited while above 1.0420 “Holding above the daily Ichimoku cloud at 1.0420, the bounce could persist.”  “Next potential resistance is located at the 200-DMA near 1.0700.” See: EUR/CHF
0 Comments
EUR/USD revisits the 1.1300 region on Monday. The dollar remains bid amidst persistent risk aversion. US 10y yields trade on the defensive near the 1.90% mark. The single currency sheds further ground and forces EUR/USD to put the 1.1300 support level to the test on Monday’s European morning. EUR/USD looks to geopolitics, risk aversion EUR/USD
0 Comments
The 6.3400-6.3805 range is expected to prevail in USD/CNH for the time being, commented FX Strategists at UOB Group. Key Quotes 24-hour view: “We expected USD to trade between 6.3590 and 6.3740 yesterday. USD subsequently traded within a wider range than expected (6.3520/6.3690) before closing largely unchanged at 6.3634 (+0.03%). Despite closing largely unchanged, the
0 Comments
The Indonesian rupiah continued depreciating against the US dollar to its monthly low by temporarily reaching the lower-IDR 14,400 level on January 31. In February, market participants should be cautious of the possibility for the IDR to depreciate against the USD, economists at Mizuho Bank report. Market participants should remain cautious about the rise of
0 Comments
UOB Group’s FX Strategists noted further consolidation is expected in USD/CNH in the next weeks. Key Quotes 24-hour view: “Yesterday, we highlighted that ‘momentum indicators are mostly neutral’ and we expected USD to ‘trade sideways between 6.3500 and 6.3700’. While our view for sideway-trading was not wrong, USD traded within a narrower range than expected
0 Comments