Monday, July 25, 2016

· Expect bullish US dollar environment to continue to dominate.


Highlights of this week’s FX Weekly Outlook as follow:-

·         Expect bullish US dollar environment to continue to dominate. Key watch: (i) FOMC meeting; (ii) BoJ meeting; and (iii) European banks stress test results
·         EUR/USD to see key resistance level at 50-day moving average of 1.107
·         Key watch:- BoJ meeting that may see wider trading range of 105.41 to 107.49 for USD/JPY
·         Ringgit to trade on depreciation bias against the US dollar with a wider band of 4.017 to 4.145 on risks of rising risk premium, weaker commodity prices and in response to the possibility of US rate hikes

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.

Related Posts with Thumbnails