Over the past two days, the U.S. dollar strengthened across the spectrum of the market, coupled with the Japanese yen is back in the region above 92.00, after falling last Wednesday to seven months a minimum of 90.15, and, according to currency analysts Rabobank, over the next 12 months, the U.S. currency will retain positive. The bank believes that within a month pair dollar / yen will reach 93.00 by the end of the year will rise to 94.00. With regard to the prospects for 2010, analysts predict a further strengthening of the bank's U.S. dollar: in the first quarter of next year, the bank expected growth in the dollar / yen to a level of 95.00 in the second quarter - to 100.00, and by the end of the third quarter, believe in the bank, a couple of will be traded at 102.00. At the moment the dollar / yen is at around 92.33.
Monday, September 21, 2009
Goldman Sachs expects growth in the dollar / yen
Dollar / yen continued to experience a good interest in buying, and is currently re-testing Ofer around Y92.20, break above which the bulls will continue to move to Y92.40/50, and then to a larger sell order in the Y92 .80. Dealers noted that the reason for the upward movement was the general rehabilitation of the American currency against the backdrop of profit-taking after recent falls, while among the market participants were again heard speculation about the possibility of signals about the prospects of downsizing the stimulus package Fed. Such talk had some support for the dollar / yen, however, currency strategist at Goldman Sachs recommended to pay attention to the fact that a positive factor for the bulls here are largely unfavorable to the Japanese currency by fundamental factors. The bank preferred to consider a period of increasing customer yen as an opportunity for its sales and predict a rise in the dollar / yen to Y98 by the end of the year, while the euro / yen rises to Y142.
Barclays Capital:pound / dollar mood remains negative
As the analysts Barclays Capital, the indicators on the charts pound / dollar continues to serve bearish signals on the medium and long term. In addition, last week the pair closed below the support, formed a cloud on the daily chart, indicating a possible completion develops during the 2009 uptrend pound / dollar. Bank currency strategist noted that a key support in the pair is near the recent lows at 1.6110 - a breakthrough at this level will mark the completion of the formation of a large model of the "head and shoulders" with the prospect of further reduction of a pair of 1.53 and 1.58. Analysts say the bank, possible consolidation pound / dollar below 1.6465, however, until the couple is held above the 1.6110 mark, any increase should be seen as a good opportunity for sale. At the moment pair Pound / dollar is at 1.6173.
Barclays Capital sees the possibility of upward correction of the dollar / franc
The dollar / franc while moving in a downward short-term trend, however, as analysts say Barclays Capital, this week is possible corrective growth of couples. The bank believes that while the dollar / franc remain below resistance at the 1.0370 level, possibly unsustainable decline to 1.0210. However, if the pair still manage to overcome this resistance, the correction may continue to the level of 1.05, from which the bank will sell in the calculation of the reduction to parity. At the moment pair dollar / franc traded at 1.0348.
Mizuho expects consolidation and reduction in dollar / yen
In conditions of low trading volumes due to holidays in Japan pair dollar / yen broke today most of last week and entered the area above 92.00, while approaching the level of 92.20 pairs of upward movement to a halt. As noted by analysts Mizuho, the dollar / yen out of the overbought zone - in the bank waiting for the consolidation of a pair of near current levels, after which the end of September may drop below a mark of 91.00. As levels of resistance bank analysts put 92.26, 92.60 and 93.00. Support stood at 91.50, 91.31 and 90.98. As a trading strategy at the bank preferred to sell at 91.90 with a stop above 92.26 in anticipation of lower pairs to 91.50, 90.50 and, possibly, to 87.10. Now pair dollar / yen is at around 92.25.
Commerzbank recommends buying a pound / dollar
Couple pound / dollar fell to the bottom of the recent channel in the region 1.6160/15. According to currency analysts Commerzbank, may form the top, but so far the probability of such a scenario is low, not only because of the general weakening of the dollar, but also because of the lack of symmetry in the figure. As a strategy for bank analysts prefer to get back into long positions in the pound / dollar from current levels with a stop and reversal below 1.6110 and purpose in a range of peaks at 1.6710. Now couple pound / dollar is at 1.6181.
Sunday, September 20, 2009
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