Recent content by FBS_analytics

Danske Bank: EUR/USD will rise in a year Currency strategists at Danske Bank came up with concrete forecasts for the pair EUR/USD. The specialists note that the United States face weaker than expected growth, long period of minimal interest rates, large current account deficit as well as...

CIBC: compromise in the US is finally reached The pair USD/JPY jumped today from the 4-month minimum at 76.88 hit on Friday to 78.04 and then eased back down to the 77.30 area. The pair USD/CHF is also trading above the all-time minimum at 0.7853. It happened as US President Barack Obama...

RBS: sell EUR/AUD and EUR/NZD While the market’s attention was focused on the development of US debt debates, there’s a good chance to benefit from trading Australian and New Zealand’s dollars. Strategists at Royal Bank of Scotland believe that both nations are likely to lift up the...

SocGen, BarCap: euro may rise to $1.50 Analysts at Societe Generale believe that though the negative factors for euro are, of course, not all gone, the single currency may climb in the short term to $1.50 versus the greenback after the EU summit was successful enough. Strategists at...

Commerzbank: GBP/USD will face resistance The greenback went up from Monday´s minimum in the $1.6000 area to yesterday’s maximum of $1.6177. Technical analysts at Commerzbank claim, however, that though the near-term outlook has become neutral, the 3-month downtrend is still in place...

Commerzbank, Barclays Capital: comments on EUR/CHF The single currency has renewed today the record minimum versus Swiss franc by opening in the 1.1410 area, but then managed to restore to 1.1478. Technical analysts at Commerzbank are bearish on EUR/CHF as long as it’s trading below June...

Commerzbank: EUR/USD on the way down to $1.3911 The single currency went up from 4-month minimum versus the greenback at $1.3837, but its rebound was capped by the breached 2011 uptrend support line at $1.4247 and the 38.2% Fibonacci retracement of the decline from May to July at $1.4259...

Barclays: dollar will rise to parity with Swiss frank Analysts at Barclays believe that the greenback will manage to rise to the parity versus Swiss franc in 3 months as the attractiveness of US currency is increasing with the deterioration of the situation in the euro area. The bank...

ANZ: EUR/USD may fall to $1.3903 Analysts at ANZ Banking Group claim that if the single currency falls versus the greenback getting below the 100-day MA at $1.4273, it may slump firstly, to June 16 minimum at $1.4074 and then to $1.3903 (50% Fibonacci retracement of this year’s advance from...

Rabobank: franc’s decline won’t last long Currency strategists at Rabobank claim that taking into account the improved investors’ risk appetite it’s possible to assume that Swiss franc will decline in the near term. As the same time, it’s necessary to realize that Greek debt crisis isn’t...

Sumitomo Mitsui: Euro will rise in case of good news from Greece Currency strategists at Sumitomo Mitsui claim that if Greek parliament approves the budget cuts, the single currency may climb to $1.4450 versus the greenback. The specialists note that the trading volume is thin as the...

Commerzbank: comments on EUR/GBP The single currency rose versus British pound overcoming resistance at 0.8939. Technical analysts at Commerzbank believe that the pair EUR/GBP will reach the top of the 2-year channel at 0.8980, but won’t be able to move above this level. In their...

Commerzbank: comments on EUR/USD Technical analysts at Commerzbank claim that the single currency is consolidating versus the greenback above support at 1.4113. Then, in their view, the pair EUR/USD will go down towards 1.4017 (200-week MA), 1.3968 (recent minimum) and 1.3860 (200-day MA)...

Nomura: forecast for EUR/CHF Analysts at Nomura believe that Swiss currency is going to depreciate only in 2012. In their view, during the next 3-6 months franc will remain strong encouraged by the high demand for it as a safe haven and rather good shape of Switzerland’s economy. The...

Westpac Bank: comments about NZD/USD New Zealand’s dollar declined today versus its US counterpart on the rising risk aversion caused by the concerns about Greece. Analysts at Westpac Bank expect the pair NZD/USD to trade between $0.8000 and $0.8200 this week. In their view, the pair will...