FX

US dollar upside attempt fails at 0.9125, pulls back below 0.9100. The dollar remains positive, supported by safe-haven demand. USD/CHF: remains close to multi-year lows at 0.9000– Credit Suisse. US dollar’s bullish reaction from 0.9090 area seen earlier on Wednesday has been capped 0.9125 and the pair has given away most of the ground taken
In opinion of FX Strategists at UOB Group, EUR/USD is now seen within the 1.1710-1.1860 range in the next weeks. Key Quotes “We highlighted yesterday that ‘downward momentum has improved a tad and the bias for today is tilted to the downside’. We added, ‘1.1770 is a strong support and may not be easy to
USD/CAD is finding support at an hourly trendline while the daily structure also holds up the bears. The US election, BoC, COVID and the commodities markets are all factors to consider. USD/CAD is currently trading at 1.3146, down 0.49% as it tests trend-line support with risk appetite returning. On Monday, the currency touched its weakest intraday
The outlook for EUR/USD remains tilted to the upside in the next weeks, according to FX Strategists at UOB Group. Key Quotes 24-hour view: “We highlighted yesterday the ‘rebound appears to have scope to extend higher but a break of 1.1880 is unlikely’. Our expectation did not materialize as it traded between 1.1801 and 1.1859
FX option expiries for Oct 26 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.1750 651m 1.1800 524m 1.1835 540m – USD/JPY: USD amounts          103.85 610m 103.95 550m 104.00 1.9bn 104.20 481m 105.00 898m 105.32 600m 105.35 475m 105.60 514m 105.75 405m – AUD/USD: AUD amounts         0.7100 668m  –
EUR/GBP pares losses and returns to 0.9100 area. The pound loses ground with investors growing cautious about the Brexit talks. EUR/GBP unlikely to drop below 0.8800 over the coming months – Rabobank. The euro has pared previous losses on Friday after bouncing from 0.9000 lows earlier this week and appreciate about 0.7% on the day returning
Analysts at Wells Fargo point out China continues to lead the global economic recovery. They believe the trend in growth will fall below the government’s 6% target and they warn, that Chinese authorities could decide to halt the recent appreciation trend of the renminbi.  Key Quotes:  “China continues to lead the world in the containment of COVID as new
In opinion of FX Strategists at UOB Group, Cable could edge higher to the mid-1.3200s in the next weeks. Key Quotes 24-hour view: “Our expectation for GBP to ‘strengthen further’ did not materialize as it gave up some of Wednesday’s strong gains and closed lower at 1.3083 (-0.49%). Indicators are still unwinding from overbought conditions
Next week, the European Central Bank (ECB) will have its policy meeting. Analysts at Danske Bank do not expect any new measures to be announced.  They expect the central bank to send its usual dovish signals, which could raise further market expectations for a December decision to increase/extend PEPP due to its open interpretation of
Cable is seen trading on a defensive stance and below the 1.3050 level for the time being, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “Yesterday, we held the view that GBP ‘could continue to trade in a choppy manner, likely between 1.2900 and 1.3020’. The sudden decrease in volatility came as a