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Forex News

NZD/USD still looks to the 0.5920 area – UOB

NZD/USD’s outlook remains on the bearish side, while a visit to 0.5920 should not be ruled out in the near-term, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “We highlighted the oversold cond...

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Forex News

EUR/GBP recedes from multi-week tops near 0.8870

EUR/GBP clinched multi-week highs, retreats afterwards. Both the sterling and the euro suffers the dollar’s strength. BoE’s A.Bailey ruled out once again negative rates. After climbing to fresh multi-week high...

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Forex News

EUR/GBP leaps to multi-day highs near 0.8800

EUR/GBP moves higher and approaches the 0.8800 mark. GBP sell-off is propping up the downside momentum in the cross. Confusion on COVID-19 crisis handling by government weighs on GBP. The selling bias around t...

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Forex News

EUR/GBP clings to modest gains above 0.8700 mark, lacks follow-through

EUR/GBP stages a modest bounce from multi-week lows support near the 0.8680-75 region. The GBP witnessed some selling during the early European session provided a goodish lift. The German court ruling on Tuesda...

NZD/USD retreats to 0.5800 area
Forex News

Extra losses seen below 0.5870 – UOB

NZD/USD is expected to slip back to the 0.5800 level if 0.5870 is cleared in the next weeks, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “We held the view yesterday that ‘further NZD weaknes...

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Forex News

Firmer below key resistance area

EUR/GBP posts mild gains following Friday’s bullish candlestick formation. 61.8% Fibonacci retracement and 50/200-day SMA restrict immediate upside. While justifying Friday’s bullish Doji, EUR/GBP rises 0.14% ...

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Forex News

Struggling near 61.8% Fibo./200-DMA confluence, around mid-0.8700s

EUR/GBP meets with some fresh supply on Monday and slipped back closer to one-month lows. The technical set-up seems tilted in favour of bears and support prospects for a further decline. The EUR/GBP cross edg...

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Forex News

Remains vulnerable near mid-0.8700s, 200-DMA/61.8% Fibo. confluence region

EUR/GBP remains depressed near multi-week lows set last Friday. The set-up supports prospects for an extension of the bearish trend. The EUR/GBP cross remained depressed through the early part of European trad...

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Forex News

EUR/GBP struggles for direction around 0.8800

EUR/GBP exchanges gains with losses near the 0.8800 mark. Dollar-selling sustains the upside in both euro and sterling. Markets’ attention remains on the Eurogroup meetings later today. The better tone in both...

NZD/USD steadies near mid-0.56s, erases around 1% on the day
Forex News

NZD/USD faces extra consolidation near term – UOB

The prospects for NZD/USD to reach the 0.6150 region has diminished in favour of extra consolidation, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “We expected NZD to ‘consolidate and trade b...