AUD/USD to rise towards 0.72 in the latter half of the year – Rabobank
Share: On Friday, AUD/USD dove back below the 0.700 level. Economists at Rabobank continue to see scope for AUD/USD to strengthen to 0.72 towards the back half of this year. AUD/USD to trade mostly in the 0.69-0.70 area on a three-month view “An as expected 25 bps rate hike from the RBA this […]
Poor UK fundamentals to be a drag on the Pound – Rabobank
Strategists at Rabobank point out that the change in the Bank of England’s language favours the doves, they see scope for further rate rises. They continue to expect poor United Kingdom fundamentals to be a drag on the British Pound. Key quotes: “The USD has found further traction on the back of the January […]
Scope for a move back to the 1.06 area into the spring – Rabobank
Economists at Rabobank discuss their forecasts for the EUR/USD pair for the coming moths. Market has now built substantial EUR longs “The market has now built substantial EUR longs meaning that the single currency will become increasing sensitive to the realisation that headwinds to Eurozone growth remain, albeit at a far more reduced level than […]
Increasingly likely that it will slow down next week – Rabobank
Next Wednesday, the FOMC will announce its decision on monetary policy. Analysts at Rabobank point out it has become increasingly likely that the Fed will slow down its hiking cycle to 25 bps. Decline in inflation has increased the probability of smaller hikes “The next meeting of the FOMC, on January 31 and February 1, […]
50bp hike next week has been well-communicated, focus will be on the path thereafter – Rabobank
The Federal Reserve, the Bank of England and the European Central Bank (ECB) will have their policy meetings next week. Market participants expect a 50 basis points rate hikes and to signal it will continue raising rates. Analysts at Rabobank, point out that a 50bp rate hike is all but a given for next week. […]
More favourable China’s economic prospects after abandoning zero-Covid policy – Rabobank
On the 7th of December China surprised friend and foe with an abrupt zero-covid U-turn. This year’s forecast has considerable up- and downside risks. Still, economists at Rabobank believe that from a medium-term perspective, China’s economic prospects have become more favourable after abandoning zero-Covid policy. A pivotal pivot? “While from a long-term perspective China’s decision […]
USD/CAD seen trading around the 1.37 level towards the end of 2023 – Rabobank
USD/CAD remains in a bullish trend, but recent price action has been soft. Economists at Rabobank expect the pair to head gradually higher over the coming months towards 1.37. More downward pressure in the short term “The technical picture points to more downward pressure in the short term, but we expect strong support at 1.3230 […]
EUR/USD uptrend in late 2022 to be replaced by pullbacks and choppy trading conditions – Rabobank
Although analysts at Rabobank are forecasting that the DXY index could end the year a little lower, they expect that 2023 will provide plenty of opportunities for USD bulls to become re-engaged. They retain a 1-month forecast of EUR/USD 1.05 and a 3-month forecast of EUR/USD 1.03. Key quotes: “The first trading week of the […]