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EUR/GBP seen at 0.90 in 3-month – Danske Bank

Senior Analyst at Danske Bank Morten Helt sees the European cross edging towards the 0.90 area in the near term. Key Quotes “We expect EUR/GBP to continue to trade higher in the coming 3-6 months”. “Our bearish view on GBP is not just a story

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EUR/USD recovers to 1.1270, flat-lined ahead of FOMC minutes

After an initial dip to mid-1.1200s, the EUR/USD pair has managed to recover its lost ground and turned flat to currently trade around 1.1270-75 band, nearly unchanged from yesterday’s closing.  Earlier on Wednesday, the pair extended its retracement from post-Brexit high of 1.1323 touched in

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US Dollar off highs, slips back below 95.00

The US Dollar Index , which tracks the buck vs. its main rivals, is recovering part of yesterday’s deep pullback to the vicinity of the 94.30 region. US Dollar attention to FOMC The index is following the generalized lack of a clear direction in the

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NZD/USD consolidative between 0.7120-0.7350 – UOB

NZD/USD keeps the neutral stance so far, poised for a continuation of the rangebound theme between 0.7120 and 0.7350 in the next weeks. Key Quotes “The anticipated NZD strength exceeded our expectation by easily taking out the strong 0.7255 resistance (high has been 0.7325 during

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EUR/GBP pushes higher to 0.8670, daily tops

The now offered tone around the Sterling is helping EUR/GBP to return to the upper-0.8600s and reach fresh daily tops at the same time. EUR/GBP supported near 0.8630 The European cross keeps meandering a tight range on Wednesday, so far well supported in the 0.8630

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London Session Forex Recap – August 17, 2016

U.K. claimant count change: -8.6K vs. 9.0K expected, 0.9K previous U.K. average earnings index: 2.4% as expected vs. 2.3% previous U.K. jobless rate: steady at 4.9% as expected Swiss ZEW economic expectations: -2.8 vs. 5.9 previous FOMC meeting minutes will be released later Risk aversion

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NZD: Another Upgrade – BNZ

Jason Wong, Currency Strategist at BNZ, revises their NZD forecasts, seeing a stronger-for-longer profile. Key Quotes “Our year-end target is revised up 4 cents to USD 0.70, while our end-2017 target is revised down by 1 cent to USD 0.67. The NZD/AUD profile is little