EUR/USD
In opinion of FX Strategists at UOB Group, EUR/USD could be headed to the 1.1680 level in the next weeks.
GBP/USD
The outlook for Cable remains constructive with the next target at 1.3850 and beyond in the short-term horizon, suggested FX Strategists at UOB Group.
USD/JPY
UOB Group’s FX Strategists remain of the view that USD/JPY still targets the 115.00 level in the near term.
AUD/USD
AUD/USD’s rally has reached the 55-week ma at 0.7516, an interim target. Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, expect the aussie to correct lower in the short-term.
NZD/USD
According to FX Strategists at UOB Group, NZD/USD could climb to the 0.7245 level in the near term.
USD/CAD
The Bank of Canada (BoC) is set to taper QE purchases further to C$1bn per week with the programme likely concluded in December as the market increasingly prices in 2022 rate hike, explained analysts at ING. They expect a neutral impact on the loonie (CAD) which seems to have most of the positives in the price and may experience corrections in the near term.
EUR/USD
In opinion of FX Strategists at UOB Group, EUR/USD could be headed to the 1.1680 level in the next weeks.
GBP/USD
The outlook for Cable remains constructive with the next target at 1.3850 and beyond in the short-term horizon, suggested FX Strategists at UOB Group.
USD/JPY
UOB Group’s FX Strategists remain of the view that USD/JPY still targets the 115.00 level in the near term.
AUD/USD
AUD/USD’s rally has reached the 55-week ma at 0.7516, an interim target. Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, expect the aussie to correct lower in the short-term.
NZD/USD
According to FX Strategists at UOB Group, NZD/USD could climb to the 0.7245 level in the near term.
USD/CAD
The Bank of Canada (BoC) is set to taper QE purchases further to C$1bn per week with the programme likely concluded in December as the market increasingly prices in 2022 rate hike, explained analysts at ING. They expect a neutral impact on the loonie (CAD) which seems to have most of the positives in the price and may experience corrections in the near term.
USD/CHF
USD/CHF has once again reversed higher into the close to hold above support at the rising 55-day average at 0.9214. Economists at Credit Suisse now look for a break above 0.9274 to confirm a floor is in place.
CRUDE OIL
CME Group’s preliminary figures for crude oil futures markets noted traders added around 4.2K contracts to their open interest positions on Wednesday, reversing at the same time two consecutive daily drops. Volume, instead, shrank for the second straight session, now by around 90.8K contracts.
GOLD
Open interest in gold futures markets increased for the second session in a row on Wednesday, this time by nearly 1.3K contracts considering flash data from CME Group. In the same direction, volume went up by around 13.4K contracts.
