Chinese Yuan: Consolidation holds upside bias against US Dollar – UOB
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann note that USD/CNH is currently consolidating in a narrow range around 6.77. In their 1–3 week view, they…
Read More »AUD/USD: Consolidation below resistance – UOB
UOB’s strategists Quek Ser Leang and Lee Sue Ann note AUD/USD is consolidating after failing to extend gains beyond 0.7200, trading instead between 0.7151 and 0.7195 and closing near 0.7183.
Read More »EUR/USD: Likely to trade towards 1.0815 – UOB Group
The Euro (EUR) is likely to trade with a downward bias. Tentative buildup in momentum suggests downside risk; any further decline in EUR is unlikely to break clearly below 1.0815,…
Read More »