EUR/USD: Short squeeze? – OCBC
The Euro (EUR) held up above 1.08-handle overnight albeit still near 2-month lows.
USD/CNH: To trade between 7.1300 and 7.1550 – UOB Group
The US Dollar (USD) is expected to trade in a range between 7.1300 and 7.1550.
AUD/USD: Next level to monitor is 0.6520 – UOB Group
Oversold conditions and slowing momentum suggest Australian Dollar (AUD) is likely to trade in a range of 0.6545/0.6585.
USD/JPY: Can reach 154.00 before pausing – UOB Group
The US Dollar (USD) is likely to trade in a range between 152.50 and 153.80.
USD fades as data lift EUR – Scotiabank
The US Dollar (USD) is trading lower overall to start the day, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
NZD/USD: Risk of sustained break below 0.5950 is not high – UOB Group
The New Zealand Dollar (NZD) is expected to trade in a sideways range of 0.5955/0.5995.
GBP/USD: Likely test the top of the 1.2950/1.3070 range – UOB Group
The Pound Sterling (GBP) is facing mild upward pressure; it could edge higher to 1.3035.
USD/CAD: Remains weak on yield spreads – Scotiabank
Near-term prospects for the Canadian Dollar (CAD) are little changed, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
USD/CAD: May see a marginal technical improvement – Scotiabank
The Canadian Dollar (CAD) is marginally higher on the day so far.
EUR/USD: Consolidating on the day – OCBC
Euro (EUR) continued to trade near recent lows amid broad USD strength, softer EU data and dovish ECBspeaks, which led markets to price in more dovish expectations (near 40% probability of 50bp cut at Dec meeting).
NZD/USD: To trade sideways between 0.5965 and 0.6005 – UOB Group
Instead of continuing to decline, NZD is more likely to trade sideways between 0.5965 and 0.6005.
USD/CNH: Above 7.1600 further sustained gains are likely – UOB Group
Room for USD to rise; the 7.1600 level is likely out of reach.
AUD/USD: To continue to decline to 0.6560 – UOB Group
Oversold decline in Australian Dollar (AUD) could extend to 0.6560 before stabilisation can be expected.
GBP/USD: Downward momentum is slowing – UOB Group
The Pound Sterling (GBP) is expected to trade in a sideways range of 1.2940/1.2995.
USD/JPY: USD to extend to 154.00 – UOB Group
The US Dollar (USD) is likely to trade in a range between 152.45 and 153.60.
USD: Data tests start today – ING
The performance since the weekend in G10 suggests there is both a liquidity component and more Trump hedges driving FX at the moment, ING’s FX analyst Francesco Pesole notes.
last updated on 30 Oct 15:12