NZD/USD: Downward bias towards 0.5900 – UOB Group
The New Zealand Dollar (NZD) is likely to trade with a downward bias towards 0.5900; a sustained break below this level is unlikely.
GBP/JPY trades with positive bias above 197.00 mark, lacks bullish conviction
The GBP/JPY cross attracts some dip-buying in the vicinity of the weekly low, around the 196.85-196.80 region, and reverses a part of the previous day's losses.
USD/CNH: To trade between 7.2200 and 7.2500 – UOB Group
The US Dollar (USD) is likely to trade in a range between 7.2200 and 7.2500.
USD/CNH: Policymakers attempt to slow pace of depreciation – OCBC
USD/CNH traded higher but eased post CNY fix. Pair was last at 7.2236, OCBC’s FX analysts Frances Cheung and Christopher Wong note.
EUR: 'Atlantic spread' moves wider still – ING
The 'Atlantic' spread as some traders call it has widened even further, ING’s FX analyst Chris Turner notes.
AUD/USD: Near term risks to the downside – OCBC
The Australian Dollar (AUD) traded with a heavy bias amid disappointment with Chinese stimulus post-NPC while higher UST yields, USD weighed.
AUD/USD: Set to trade between 0.6515 and 0.6690 – UOB Group
The Australian Dollar (AUD) is likely to trade in a 0.6555/0.6595 range.
EUR/USD: Bears can test 1.0665 near term – UOB Group
Price action suggests further Euro (EUR) weakness; the levels to watch are 1.0665 and 1.0600, UOB Group FX analysts Quek Ser Leang and Peter Chia note.
EUR/USD: Next level to watch is 1.0600 – UOB Group
EUR could decline further; the major support at 1.0600 could be just out of reach for now.
EUR/USD: Path of least resistance may be skewed to the downside – OCBC
The Euro EUR continued to trade near recent lows, weighed by fresh concerns of political uncertainty in Germany (Chancellor Scholz dismissed Finance Minister and called for confidence vote on 15 Jan) and ongoing concerns of Trump win on European security and exports to US (due to potential tariffs).
GBP/USD: 1.2800 is expected to provide support – UOB Group
Scope for GBP to drop to 1.2835; given the oversold conditions, the major support at 1.2800 is unlikely to come under threat.
GBP/USD: Bears are set to test 1.2850 – UOB Group
Downward momentum has faded; outlook is unclear, and the Pound Sterling (GBP) could trade in a range between 1.2850 and 1.3055, UOB Group FX analysts Quek Ser Leang and Peter Chia note.
GBP/USD: To consolidate near term – OCBC
The Pound Sterling (GBP) traded a touch softer last week, despite larger magnitude of decline seen in other FX including EUR, CHF.
NZD/USD: A test of 0.5955 seems inevitable – UOB Group
As long as 0.5955 is not breached, the New Zealand Dollar (NZD) could edge higher to 0.6075, UOB Group FX analysts Quek Ser Leang and Peter Chia note.
NZD/USD: Set to reach 0.5915 near term – UOB Group
The New Zealand Dollar (NZD) is expected to trade in a range between 0.5945 and 0.5985.
USD/CNH: Level to watch is 7.2400 – UOB Group
Surge in momentum suggests further US Dollar (USD) strength, but the pace and extent is likely to be more moderate.
last updated on 21 Nov 13:19