All Blog Posts Tagged 'UBS' (250)

UBS - EURUSD Neutral. A break above 1.3108 to open the more critical 1.3202 and then 1.3232

UBS - "EURCHF BULLISH There is scope for more upside and the next major resistance is at 1.2398. Support is at 1.2264.

EURGBP NEUTRAL Support is at 0.8497, a break below which would expose 0.8463 ahead of 0.8410. Resistance is at 0.8590 ahead of 0.8648.

EURJPY BULLISH As long as support at 127.82 holds, there is potential for the cross to extend its broader strength. Near-term resistance is at 130.70, a break above this would open 132.05.

EURUSD NEUTRAL Resistance is at 1.3108, a…

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Added by Francesc Riverola on April 25, 2013 at 10:46am — No Comments

UBS - USDJPY Bullish. Resistance is at the psychological 100.00

UBS - "EURUSD NEUTRAL Having tested support at 1.2974, there’s scope for a move to next support at 1.2920, a break below which would be a bearish development, triggering deeper sell-off to 1.2746. Resistance is at 1.3084 ahead of 1.3202.

USDJPY BULLISH Resistance is at the psychological 100.00, a break above this would be positive opening 101.45. Support is at 98.49 ahead of 97.85.

GBPUSD NEUTRAL Support is at 1.5190, a breach of which would trigger deeper sell-off to 1.5122 and then…

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Added by Francesc Riverola on April 24, 2013 at 7:54am — No Comments

UBS - EURUSD: German IFO likely to carry weight

UBS - "Germany's IFO data is also released this week. This is a survey that is likely to carry weight with policymakers. As Chart shows the data here has also begun to weaken. As a result the case for another ECB rate cut seems to be building. If the central bank does decide to ease in the next couple of months, it will likely cut its benchmark refinance lending rate from 0.75% to 0.50%. That would help push the euro down into a 1.28-1.30 range against the dollar. But for now we do not…

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Added by Francesc Riverola on April 23, 2013 at 8:33am — No Comments

UBS - AUDUSD Bearish. There’s scope for more downside with the trending indicators pointing south

UBS - "EURUSD NEUTRAL Support is at 1.2974 ahead of 1.2920. There’s an important resistance at 1.3228.

USDCHF BEARISH As long as resistance at 0.9345 holds, there is scope for resumption of downside. Support is at 0.9259 ahead of 0.9207.

AUDUSD BEARISH There’s scope for more downside with the trending indicators pointing south. Support is at 1.0202 ahead of 1.0115. Resistance is at 1.0359 ahead of 1.0398.

USDCAD NEUTRAL Resistance is at 1.0294, a break above this would open…

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Added by Francesc Riverola on April 22, 2013 at 10:51am — No Comments

UBS - EURJPY BULLISH A break above 129.74 would open 132.05 ahead of 134.38

UBS - "EURCHF NEUTRAL Resistance is at 1.2213. Strong support is at 1.2120.

EURGBP BULLISH The cross came under pressure from resistance at 0.8648. A closing break above would be positive, opening 0.8747. Support is at 0.8490 ahead of 0.8436.

EURJPY BULLISH Initial resistance is at 129.74, a break above would open 132.05 ahead of 134.38. Support is at 126.44 ahead of 124.94.

EURUSD NEUTRAL Support is at 1.2974 ahead of 1.2920. Resistance is at 1.3126 ahead of the more critical…

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Added by Francesc Riverola on April 19, 2013 at 7:47am — No Comments

UBS - USDCHF Bearish. As long as resistance at 0.9345 holds, there is scope for resumption of downside

UBS - "EURUSD NEUTRAL Support is at 1.2974 ahead of 1.2920. Resistance is at 1.3228.

USDJPY BULLISH As bullish trend persists, there is scope for a test of resistance at psychological 100.00; a break above which would open 101.45. Support is at 97.22 and 95.80.

GBPUSD NEUTRAL Critical resistance is at 1.5424. Only a closing break above this would indicate further upside to 1.5606. Strong support is at 1.5178 ahead of 1.5034.

USDCHF BEARISH As long as resistance at 0.9345 holds,…

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Added by Francesc Riverola on April 18, 2013 at 8:06am — No Comments

UBS - Market still very long CAD

UBS - "Although USDCAD has made material gains over the last 9 months, the market is still very long CAD and buying reached a peak in mid-Q1 this year. The weak run of data and progressively softer policy pronouncements have prompted selling, but compared to the cumulative buying since 2009 there is a lot of liquidation potential, especially when compared to currencies like the AUD and NOK which are now either flat or heavily short on a structural level. We believe that CAD longs have been…

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Added by Francesc Riverola on April 17, 2013 at 7:34am — No Comments

UBS - EURJPY BULLISH The risk is for resumption of strength as bullish trend persists

UBS - "EURCHF NEUTRAL Resistance is at 1.2173 ahead of 1.2213. Strong support is at 1.2120.

EURGBP NEUTRAL The cross is unwinding the sharp sell-off of March. Resistance is at 0.8560 ahead of 0.8602. Support is at 0.8463 ahead of 0.8410.

EURJPY BULLISH The risk is for resumption of strength as bullish trend persists. Resistance is at 128.03 ahead of 132.05. Support is at 123.70.

EURUSD NEUTRAL Support is at 1.2988, a break below this would expose 1.2896. Resistance is at 1.3138…

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Added by Francesc Riverola on April 16, 2013 at 8:04am — No Comments

UBS - USDJPY Bullish. The latest setback is correction to unwind the overextended upside conditions

UBS - "GBPUSD NEUTRAL Critical resistance is at 1.5424. Support is at 1.5268 ahead of 1.5178.

USDCHF NEUTRAL There is a main support at 0.9230 – only a closing breach here would be a strong bearish development. Resistance is at 0.9340 ahead of 0.9375.

EURUSD NEUTRAL Resistance is at 1.3138 ahead of 1.3228. Support is at 1.2988 ahead of 1.2896.

USDJPY BULLISH The latest setback is correction to unwind the overextended upside conditions. Support at 97.13 should hold. Resistance is…

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Added by Francesc Riverola on April 15, 2013 at 8:55am — No Comments

USDJPY Bullish. The immediate risk is for a setback

UBS - "EURUSD NEUTRAL Resistance is at 1.3134 ahead of 1.3228. Support is at 1.2978 ahead of 1.2890.
USDJPY BULLISH The pair tested critical resistance at 99.875 and the next major resistance is at 101.45. The immediate risk is for a setback, support at 98.59 ahead of 97.09.
GBPUSD NEUTRAL Resistance is at 1.5363 ahead of 1.5424 - while this holds, there is scope for resumption of broader bear trend. Support is at 1.5239 ahead of 1.5160."

Added by Francesc Riverola on April 11, 2013 at 10:22am — No Comments

UBS - Yen Weakness Only Half Way Through

UBS - "USDJPY is testing our end year forecast of 100, having risen from 78 six months ago. The strong easing initiated this month by the Bank of Japan suggests significant more yen weakness is likely. We revise our end 2013 forecast to 110 and our end 2014 forecast to 120. As a result we think the yen is only about half way through its current declining trend.

(...) The main downside risks to our forecasts are if the current softening of the US economy at the end of the last quarter… Continue

Added by Francesc Riverola on April 10, 2013 at 9:17pm — No Comments

UBS - EURJPY As trending indicators are firmly bullish, there is scope for test of critical resistance at 132.05

UBS - "EURCHF NEUTRAL Resistance is at 1.2230. There is a significant support at 1.2120; only a break below this would be a major bearish development.

EURGBP NEUTRAL Resistance is at 0.8602 ahead of 0.8648. Support is at 0.8463 ahead of 0.8410.

EURJPY BULLISH As trending indicators are firmly bullish, there is scope for test of critical resistance at 132.05 and then 134.48. Support is at 128.44 ahead of 126.76.

EURUSD NEUTRAL There is a strong resistance at 1.3115. A closing…

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Added by Francesc Riverola on April 10, 2013 at 8:07am — No Comments

UBS - EURUSD BEARISH Upside should be limited. Strong resistance at 1.3115

UBS - "EURUSD BEARISH Upside should be limited and there is a strong resistance at 1.3115. While this holds, there is scope for a break below support at 1.2962, exposing 1.2869.
AUDUSD BULLISH As long as support at 1.0306 holds, there is scope for further upside in the near-term. Resistance is at 1.0497, a break above would open 1.0604.
USDCAD NEUTRAL Near-term directional triggers are at 1.0251 and 1.0089."

Added by Francesc Riverola on April 9, 2013 at 8:00am — No Comments

UBS - EURUSD The broader picture is still bearish and upside should be limited

UBS - "EURUSD BEARISH The broader picture is still bearish and upside should be limited, with resistance at 1.3048 and then 1.3115. Support is at 1.2858 ahead of 1.2746.

USDJPY BULLISH The sharp rally extended this morning and is approaching important resistance at 99.850; a break above would open 101.45. Support is at 95.77.

GBPUSD NEUTRAL The important resistance is at 1.5424, a closing break above this would extend the recovery to 1.5606. Support is at 1.5200 ahead of…

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Added by Francesc Riverola on April 8, 2013 at 8:00am — No Comments

UBS - This Week's Key Points: Payrolls dents US outlook but don't sell dollars

UBS - "Clearly, the softer US employment, manufacturing and services ISM data and weekly jobless claims are a setback for America's near term outlook.

But with weaker data in the Eurozone likely to draw a response from the ECB, the BoJ expanding its quantitative easing enormously and the BoE still likely to engage in further easing too, we expect the dollar will still emerge the strongest of the major currencies this year.

This week's key points for currency markets are:

-…

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Added by Francesc Riverola on April 7, 2013 at 8:54am — No Comments

UBS - EURUSD Any upside should be limited in time and extent; GBPUSD While 1.5269 holds, watch for a break under 1.5027

UBS - "EURUSD BEARISH Any upside should be limited in time and extent, with resistance at 1.2900 and 1.2935. Support is at 1.2751, a break below would expose 1.2662.

USDJPY NEUTRAL Resistance is at 93.69 ahead of 94.38. Support is at 92.57, a breach of which would extend correction to 90.88.

GBPUSD BEARISH Strong resistance is at 1.5269. While this holds, watch for a break under 1.5027 and extend weakness to 1.4832.

USDCHF BULLISH While support at 0.9429 holds, there is…

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Added by Francesc Riverola on April 4, 2013 at 9:52am — No Comments

UBS - EURUSD As bearish trend persists, focus is on initial support at 1.2751; EURJPY The risk is for extension of weakness

UBS - "EURCHF NEUTRAL There is a significant support at 1.2120. Resistance is at 1.2202 ahead of 1.2255.

EURGBP BEARISH The recovery over the past two days is to unwind the overextended downside conditions. Resistance is at 0.8557. Support is at 0.8410 ahead of 0.8364.

EURJPY BEARISH The risk is for extension of weakness. Focus is on critical support at 118.73, a break below this would expose 116.85. Resistance is at 121.87.

EURUSD BEARISH As bearish trend persists, focus is…

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Added by Francesc Riverola on April 3, 2013 at 8:00am — No Comments

UBS - Long NOKSEK and USDSEK

UBS - "For those tempted to look at SEK shorts at an early stage we suggest two possibilities:

1) long NOKSEK from 1.12 with a stop just below recent lows near 1.1030 - this is the purest expression of a SEK weakening play given the tight trade relationships and similar growth and household leverage/banking dimensions in the two countries. The rationale here would be that NOK has already reacted to the dovish central bank tilt we suspect SEK may eventually succumb to,…

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Added by Francesc Riverola on April 2, 2013 at 8:58am — No Comments

UBS - EURUSD risk is for rejection and resumption of weakness; AUDUSD a break above 1.0497 would leave little resistance until 1.0599.

UBS - "EURUSD BEARISH Strong resistance at 1.2900 and 1.2935 should hold any upside. The risk is for rejection and resumption of weakness. Support is at 1.2751 ahead of 1.2662.

USDCHF BULLISH There is a major support at 0.9429. While this holds on closing basis, there is potential for resumption of strength. Resistance is at 0.9528 ahead of 0.9567.

AUDUSD BULLISH Resistance is at 1.0497, a break above would leave little resistance until 1.0599. Support is at 1.0386 ahead of…

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Added by Francesc Riverola on April 2, 2013 at 6:58am — No Comments

UBS - EURUSD bearish trend conditions persist; USDJPY While 93.11 holds, the risk for resumption of upside

UBS - "EURUSD BEARISH As bearish trend conditions persist, there is scope for extension of weakness to test strong support at 1.2662. Resistance is at 1.2900.
USDJPY BULLISH While the support at 93.11 holds, the risk for resumption of upside. Initial resistance is at 95.12, a break above would open 96.71.
GBPUSD BEARISH The broader bear trend is intact and support is at 1.5093, a break below would trigger deeper sell-off to 1.5027. Resistance is at 1.5269."

Added by Francesc Riverola on April 1, 2013 at 8:00am — No Comments

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