Outlook for FX majors – Kshitij Consultancy

FXStreet (Barcelona) - The Kshitij Consultancy Team shares the outlook for EUR/USD, GBP/USD, AUD/USD and USD/JPY.

Key Quotes

“Overall currencies look positive this week but are bearish on a longer term. Need to wait for more confirmation.”

“Dollar saw some gains yesterday moving up from 96.32 to 97.23. But with the upcoming central bank meetings this week the Dollar is likely to remain weak over the coming sessions."

“Euro (1.0948) and Pound (1.4904) is likely to break 1.1052 and 1.50 on the upside but may not sustain at those levels for long.”

“Aussie (0.7614) seems to be in a sideways consolidation within 0.753-0.756 but may see a rise to 0.77-0.78 in the near term.”

“Yen (119.55) may see some strength towards 119-118 before rallying up again towards 120.”

Hold USD vs GBP and JPY – JPM

Jan Loeys of J.P.Morgan, suggest to hold USD vs. the Pound and the Yen, with elections set to keep GBP under pressure and the a possible another round of easing in Q3 expected to keep JPY soft.
Baca selengkapnya Previous

AUD/USD tests 0.77 as RBA keeps rates on hold

AUD/USD extends its upward moves and spiked to fresh weekly highs just below 0.77 barrier after Reserve Bank of Australia (RBA) left the cash rate unchanged at 2.25%.
Baca selengkapnya Next