EUR/USD could trade between 1.0685/1.0730 and remain under pressure. Analysts at UOB Group note that EUR/USD has the potential to continue to fall, but only if it breaks below 1.0640.…
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USD/CAD rose for the fourth consecutive day, trading around 1.3710 in the European session on Friday. Investors are awaiting the release of the core PCE price index on Friday, which…
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GBP/USD is expected to trade between 1.2620-1.2670 as downside momentum gathers momentum again. Analysts at UOB Group note that the next level to watch is 1.2550. Next level to watch…
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UOB Group FX Strategists believe AUD/USD is likely to trade between 0.6625-0.6675. Momentum indicators remain flat 24-hour view: “Two days ago, AUD/USD surged to 0.6689 before retracing sharply. Yesterday, we…
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NZD/USD could trade sideways between 0.6065-0.6115. Analysts at UOB Group say the NZD is likely to continue to weaken, with the next support at 0.6040. A move above 0.6135 would…
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USD/JPY was trading around 160.40 in Asia on Thursday after retreating from 160.87, the highest level since 1986. The downward correction could be due to verbal intervention by Japanese authorities.…
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The yen recovered slightly against the dollar after falling to its weakest level since 1986 on Wednesday. The European Commission will release consumer and business sentiment data during the European…
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Analysts at UOB noted that EUR/USD could fall further, but it is unclear whether it can break through the important support level of 1.0640. If it breaks, the euro may…
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GBP/USD could fall below 1.2600. Analysts at UOB Group note that GBP’s downside momentum has picked up, but it is unlikely to hit the next major support at 1.2550. Above…
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Economists at UOB Bank released a report saying that the sharp decline in AUD/USD has room to expand, but it is unlikely to reach 0.6600. At present, the exchange rate…