Standard Bank is waiting for opportunities to buy euros on the decline

Apart from the stress tests for U.S. banks and the problem of pig influenza, investors are also concerned about the uncertainty associated with the further steps the European Central Bank. Standard Bank analysts believe that the Central Bank may exceed the expectations of the market in the context of the quantitative easing. If so, the euro may fall to levels that once again make it attractive to buyers.

Commerzbank advises selling the euro / dollar

Euro / dollar remains near session highs, but the bullish momentum somewhat weakened, and now a couple show some willingness to adjust, after growth in the Asian session and approaching the bidam around $ 1.3270. Currency strategists Commerzbank does not exclude the possibility that the bulls today will make new attempts to continue the attack, but yesterday the euro / dollar has failed to break above $ 1.34, and, more importantly, the bulls have not been able to complete the day, above a key resistance around $ 1.3300/15 that , according to strategists Bank is a disturbing signal. In addition, Commerzbank pay attention to the signals bear divergence in short-term schedules, and advised to use the current levels of sales with the foot at $ 1.3375, and calculation of the movement in the direction of $ 1.3175 and then at $ 1.3125 and $ 1.3065.

Options expiring today in New York

Options expiring today in New York

Euro / dollar: $ 1.3000
Dollar / yen: Y99.00, Y99.25, Y98.00, Y100.00, Y96.00
Dollar / Franc: Chf1.1610
U.S. / Canada C $ 1.1900, C $ 1.2200
Australian: $ 0.7135
Novozel. Dollar: $ 0.5500

Royal Bank of Canada expects weakening pound

Pound may fall against the backdrop of fears of excessive growth of government. Debt in the UK. In addition, the political background of the country also remains unfavorable. Analyst Royal Bank of Canada believes that the next election by any party will not be able to get a direct vote. "Fiscal discipline governments may hurt to hit the pound. And the political uncertainty, only exacerbate the pressure on the currency." According to dealers, the resistance is taking place in the area of $ 1.4820/25, that it deters upward momentum in early European session. Now a pair of test support at 1.4795 in the rollback. Below this level may decline to 1.4785/80.

Westpac: Euro / dollar remains under pressure

According to analysts of Westpac, the euro / dollar will be under pressure next week, as the European Central Bank will be forced to acknowledge the deterioration in the euro area economy. Close above 1.3300 could lead to a brief increase, otherwise the pair will be consolidated within the current range and resume the decline in the next week. Indicators spreads on interest rates, give a signal to sell. Now a pair traded at 1.3254.

Barclays Capital predicts decline in the dollar against the euro in the second half

At Barclays Capital believe that the beginning of the recent strengthening of the dollar is related to the fall in oil prices on real interest rates differentials. However, if in the second half of this year, economic recovery will provoke an increase in demand for this energy source, the situation could radically change. "We do not have much optimism regarding the long-term prospects for the dollar", - analysts said Barclays. Rising unemployment has constrained inflation, however, in the second half of the investors will be confident in stabilizing the economy, leading to higher prices of oil. The bank maintained its forecast for euro / dollar by the end of the year at 1.45.

Euro strengthened against the yen against the backdrop of growing interest for risk

Euro reached a maximum value against the yen against the backdrop of growth in output in China. Also, the strengthening of the common currency have contributed to reports that the volume of production in the United States last month, probably declined less rapidly. "China and the United States show signs of stabilization, it gives hope for the speedy completion of a recession", - analysts said Mizuho Asset Management. "This change of perception of the situation leads to renewed interest in the venture and high-yield assets."