News
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GBP/USD: To consolidate between 1.2450 and 1.2550 – UOB Group
Pound Sterling (GBP) is expected to consolidate in a range between 1.2450 and 1.2550. In the longer run, GBP is expected to trade in a range, likely between 1.2420 and 1.2620, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note.
Fxstreet
Tue, Jan 7
USD/CAD: Early elections are likely in Canada – Commerzbank
Yesterday afternoon, European time, Canadian Prime Minister Justin Trudeau officially announced that he was stepping down as leader of the Liberal Party and that he would resign as Prime Minister once a successor had been found. The move did not come as a complete surprise.
Fxstreet
Tue, Jan 7
EUR/USD: Set to retest the 1.0435 level – UOB Group
Scope for Euro (EUR) to retest the 1.0435 level; a clear break above this level seems unlikely. In the longer run, bias for EUR is tilted to the upside; any advance is likely part of a higher trading range of 1.0300/1.0465, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note.
Fxstreet
Tue, Jan 7
CAD: Trudeau reportedly about to resign – ING
A media report is suggesting the Canada’s prime minister Justin Trudeau will resign as leader of the Liberal Party this week. That would not necessarily lead to early elections, as a leadership contest would take place to select a new prime minister.Fxstreet
Mon, Jan 6
EUR: Looking for a lifeline – ING
EUR/USD recovered some ground on Friday, in line with our expectations. From a valuation standpoint, there is still short-term upside potential for the pair, which at current levels embeds a risk premium of around 1.5-2.0%, ING’s FX analyst Francesco Pesole notes.Fxstreet
Mon, Jan 6
