Seen consolidating in range against US Dollar – Commerzbank

Seen consolidating in range against US Dollar – Commerzbank

Commerzbank highlights that strong Singapore manufacturing and electronics PMIs underpin a constructive growth outlook, with Q2 GDP expected to exceed Q1’s 6% expansion. Against this backdrop, USD/SGD has eased slightly but remains near this year’s highs. The bank expects the pair to consolidate in a defined range rather than trend strongly in the near term. […]

Rebounds above 0.5700, bears guard 0.5750

Rebounds above 0.5700, bears guard 0.5750

The Kiwi Dollar clears the 0.5700 figure on Friday, clings to gains of over 0.22% against the Greenback after hitting a daily low of 0.5689. At the time of writing, the NZD/USD trades at 0.5709. NZD/USD Price Forecast: Technical outlook The NZD/USD remains technically bearish, even though interest rate probabilities suggest the Reserve Bank of […]

Range trade bias stays neutral against US Dollar – UOB

Range trade bias stays neutral against US Dollar – UOB

UOB’s Quek Ser Leang notes that USD/CNH has seen a slight pickup in downward momentum, but still expects the pair to remain range-bound. The bank now looks for a lower intraday band around 6.7820–6.7940, while its 1–3 week view stays neutral, with USD/CNH likely to trade between 6.7750 and 6.8080. USD/CNH seen holding defined ranges […]