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8 Mar 2017

GBP/USD downside limited? – UOB

FX Strategists at UOB Group noted Cable’s downside seems to have lost some steam for the time being.

Key Quotes

“The 1.2200 target that was first indicated last Thursday was finally reached yesterday with overnight low of 1.2170”.

“While most indicators still point to a lower GBP, downward momentum is not as impulsive as preferred and it is likely that we would see slow downward grind from here”.

“The next level to aim for is at 1.2150 followed by 1.2100. Stop-loss is adjusted lower to 1.2310 from 1.2340 even though on a shorter-term note, 1.2270 is already a strong resistance”.

Mar 8, 2017

EUR/USD offered below 1.0631 – Commerzbank

In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, EUR/USD stays offered below the 1.0630 area. Key Quotes “The market has rema

NOK stays bullish long term – Danske Bank

Sverre Holbek, Senior Analyst at Danske Bank sees the Norwegian Krone picking up pace in the next months. Key Quotes “In Norway, we got a strong Reg