UBS: the dollar will resume its rally

Currency strategists at UBS say that, while more recent positive economic indicators from the U.S. and hopes to make a decision to overcome the debt crisis at the EU summit endorsed a decline in demand for the dollar, which is also due to rebalancing of positions by speculators, the bulls should not expect significant to achieve. The bank sees a serious risk that European officials have once again disappointed investors that he would support another surge of pessimistic sentiment among investors, while improving the nature of the data from the U.S. makes less and less hope for a speedy QE3, and UBS warned that the euro / dollar end of the year may be in the $ 1.30 - $ 1.20, while the pound / dollar risk of shift in the range $ 1.40 - $ 1.50.

Barclays Capital recommends buying the dollar / yen

Dollar / Yen conducts European trading within a fairly narrow range and is trying to choose the direction of motion. As the dealers interested in buying a pair of felt in the area of ​​Y76.60, where this level is a minimum of 17 October. Small feet are seen at the break of Y76.50. Further, the demand for a couple saved in a minimum of 12 October Y76.30. The nearest resistance is the dollar / yen goes to Y76.90, and potentially to Y77.05/10. Larger Ofer located in Y77.45/50, which is the maximum level of Y77.48 on October 12. Meanwhile, Barclays Capital staff recommend buying a couple of dips to Y76.30/76.25, as expected, that the couple is able to develop movement until Y77.85/77.90. They believe that a breakthrough level of 77.90 will attract additional demand for the couple, which will allow the dollar / yen strengthened to the top of the cloud in the day Y78.75. The current dollar / yen Y76.75.

Societe Generale expects the fall of the euro / dollar

The single currency in European trading before recovering from the session reached a minimum of $ 1.3687 and returns above the thirty-seventh figure, driven by interest in buying the euro / dollar, which show Asian sovereign accounts. According to one of the dealers, despite the demand, the attempt to restore the pair remain relatively sluggish. Nevertheless, he adds, that a break above $ 1.3730 will ease the pressure on the euro / dollar. Market participants note that the foot placed on a break of $ 1.3680. According to analysts, Societe Generale, closer to the weekend should expect a new wave of sales of the single currency. In addition, in the longer term, they believe that the drop below $ 1.36 could be a catalyst for further downward movement of up to $ 1.31. The current euro / dollar $ 1.3706.

Commerzbank on the situation in the euro / dollar

Euro / dollar made ​​a futile attempt to break above $ 1.3730 and fell back below the thirty-seventh figure. Execution stops at the break of $ 1.3680 allowed the pair to establish at least the European session at $ 1.3668. Dealers say interest in buying a good pair at $ 1.3650/40. Stronger support for the euro / dollar can provide area $ 1.3625/20. Technical analyst, Commerzbank, Karen Jones, notes that fall below $ 1.3685 may indicate that in the short term, the euro / dollar break through support, located in the area of ​​$ 1.3627, and potentially try to test the recent low of $ 1.3145. The current euro / dollar $ 1.3683.

Euro is trying to win back part of the movement

The single currency is trying to win back part of the movement against its American rival, and is again above the thirty-seventh figure. Market participants note that the motion of the pair is anything but certain. As reported by the dealers, the nearest pair of resistance lies in the area of ​​$ 1.3720/30. Stops are located at the break. Their performance could open the way to move toward $ 1.3745/55, and potentially to $ 1.3800. Strong interest in buying the euro / dollar is felt in the area of ​​$ 1.3660/50. The feet seen on the break $ 1.3645. The current euro / dollar $ 1.3701.

Euro / yen is kept in the range

Euro / yen has settled down within a fairly narrow range of Y105.50. According to one of the dealers, the nearest support a pair of runs in the intraday low of Y105.25. Large bids seen at Y105.00/90, where the levels are maximums Y104.96/99 sentyabrya/10 27 October. Testing of this level can open the way for the movement towards Y104.50/45. Ofer is congestion in the area Y106.10/20. Stronger resistance can provide a pair of field Y106.55/60. The current rate of euro / yen Y105.46.

Dollar / yen. comments dealers

Restoring the dollar / yen from the previous session, made ​​the minimum came to naught on the approach to Y76.97. The pair has adjusted to the field of Y76.88, where he currently holds. Interest in buying a pair of felt in intraday low at Y76.67, and potentially to Y76.60/55, which is the minimum level of Y76.55 on October 12. Testing of this region can become a catalyst for further downward movement of up to Y76.30, with stops below. Resistance Dolar / Yen goes on Y77.20/30, larger Ofer located at Y77.50/60, where the levels are a maximum of 12 Y77.59/48 sentyabrya/12 October. The current dollar / yen Y76.86.

Euro / yen is trying to reduce losses

The single currency in the course of trading is trying to reduce the losses against the yen. Earlier, at least a couple of established European session of Y105.30. According to one dealer, the increase antiriskovyh market sentiment contributed to the report from the ECB that the private sector in providing financial assistance to needy countries of the euro area may threaten financial stability, especially if investors will be forced to incur losses. A member of the Mizuho Corporate, Neil Jones, adding that, in turn, the yen continued to strengthen after China report. So far, euro / yen has adjusted to the field of Y105.60. Strong interest in buying a pair is stored on Y105.00/90. The current rate of euro / yen Y105.59

Barclays Capital on the situation of the euro / dollar

Antiriskovye mood returned to the market and carry away a single currency to new lows for the session $ 1.3712, which also contributed to the execution stops at the break of $ 1.3720. Interest in buying the euro / dollar is felt in the area of ​​$ 1.3695/90, where levels are $ 1.3690/98 highs sentyabrya/10 28 October. Stronger demand for a couple seen at $ 1.3650/45. Employees of Barclays Capital believe that the new wave of concern players will actively selling the euro / dollar to rise. They also expect daily close below $ 1.3690. Analysts say the bank's key resistance levels at $ 1.3840, and potentially to $ 1.3940. According to them, just close the day above the 200-day moving average at $ 1.4070 would relieve pressure on the couple. The current euro / dollar $ 1.3728.

Dollar returns the location of investors

The U.S. dollar is trying to return the position of investors and in the course of trading reduces the loss against the single currency and the pound. As noted by one of the dealers, the negative impact on the mood of the players had a sharp drop in shares as well as the ECB comment on what the economic prospects of the euro area remain hazy. EUR / USD set a new low in European session below $ 1.3740, helped by execution stops at the break of $ 1.3750. Strengthened against the dollar and the British rival. The pair broke below the fifty-seventh figure and, breaking through support at $ 1.5690/85, touched of $ 1.5675. Interest in buying the pound / dollar remains near $ 1.5670/60. At the moment the couple stays at $ 1.5677. The current euro / dollar $ 1.3743.

Euro continues to attract players

The single currency again attracts players, helped by the strengthening of U.S. stocks. Euro / dollar again crept above the thirty-eighth figure, but as long as he can not go up to the maximum previously set at $ 1.3816. Stops are located at the break of $ 1.3825. Earlier, the dollar managed to win back part of the movement against the single currency. According to one dealer, the pressure on the euro has had a message that the loss of the private sector in the Greek bonds will be approximately 30-50% compared to your previous level of 21%. The single currency, however, found support in the $ 1.3750/55, from which resumed its strengthening against the dollar. As noted by dealers amid growing optimism interest in buying the euro is not quenched. Current euro / dollar $ 1.3807.

Pound has a chance to develop upward correction

While the British currency has adjusted to the maxima session declines continue to attract buying interest, and the mood is quite positive. Dealers noted that large bids now congregate in the range of $ 1.5715/00, and while the foot on the break of the intraday names $ 1.5695/90 pose a threat to the pound, a good buying interest last felt in the region of $ 1.5680. Currency strategists at Brown Brothers Harriman, commenting on the current situation in the pair, note that with a wrench above the $ 1.5700 Short-term technical outlook has improved pair. Fundamentals remain negative for the British currency, but the reduction of long positions in the dollar has a positive impact on the dynamics of the pair, and soon she may continue to grow to $ 1.5800 and $ 1.5950, although this movement is seen as the correction.

Nordea advises to buy EUR / GBP

EUR / GBP continues to consolidate after a spurt to fresh highs near stg0.8785, and, while the bulls are in no hurry to go on the offensive, dealers noted strong demand to remain robust in a recession. Large bids are now visible around stg0.8735/30 with small feet behind him, further orders are placed in the bull stg0.8705/00i stg0.8685, and the last loss of support will be more significant event in the context of changes in short-term prospects for the pair. However, such an event will mean the loss of potential for development of an upward trend, which, according to Nordea, has a euro / pound. The bank recommends buying a pair at current levels with a stop at stg0.8590 and the expectation of growth for stg0.9070.

Canadian dollar continues to rise

The Canadian currency has continued to attract investors, aided by growing optimism about the market that the European leaders will develop a plan to recapitalize domestic banks. Along with the "loonie" significantly strengthened as the Australian and New Zealand dollars. Additional impetus to trade currencies gave rise in oil prices. As noted by one of the dealers, the Canadian currency is able to achieve parity with the dollar. However, it is C $ 1.0150 area provides a couple of fairly solid support. Meanwhile, BMO Capital Markets analysts believe that at this time the Canadian dollar is overbought. The current dollar / Canada C $ 1.0160.

Barclays Capital on the prospects for the pound / dollar

GBP / USD continues to restore and, once above the fifty-seventh figure breaks resistance at $ 1.5710/20 located. Nevertheless, the couple can not stay in a new high of $ 1.5728 session, she pulls back to $ 1.5700. Analysts at Barclays Capital believe that the expected recovery of up to $ 1.60 should be, if the pound / dollar rate will settle above $ 1.5715. At the moment there is a pair of strong resistance in the $ 1.5745/50. Testing of this level can be a catalyst for the upward movement of up to $ 1.5765/70. The current rate of the pound / dollar $ 1.5718.

AUD / USD. comments dealers

The interest of investors to risk has allowed the Australian currency to reach parity with the dollar, and then settle down within a fairly narrow range of $ 1.0100/40. Resistance AUD / USD is situated in a previously established high of $ 1.0144, and potentially at $ 1.0170/75, where the rate of $ 1.0173 is a minimum of 14 September. Further good Ofer seen in the $ 1.0220/25. Interest in buying the Australian currency is stored in the $ 1.0065/60. Stronger demand for the AUD / USD 1.0005/00 Seen on $, where $ 1.0016/05 highs are 10 and 11 October. The current rate of AUD / USD $ 1.0110.

Commerzbank on the future of the euro / yen

After a futile attempt to break the level of Y105.80 EUR / JPY settled in the area of ​​Y105.60. However, analysts at Commerzbank fairly optimistic about the couple. They believe that in the short term couple is able to continue the upward movement and return to the field of Y107.65, where the line is the 55-day moving average. An official of the bank, Axel Rudolph, said that the only loss of support in the area Y102.47 could indicate a potential reduction of the pair. Current exchange rate euro / yen Y105.58.

BBH: AUD / USD could reach parity

The Australian dollar is trading on a positive note in European trading. AUD / USD has appreciated by more than a hundred points and set a two-week high of $ 0.9940. BBH staff noted that the support of the "Aussie" has a growing optimism of investors, as well as the stabilization of copper prices. They expect a further strengthening of the Australian currency against the U.S. competitor in the short term, expect to see as AUD / USD reaches parity, then at $ 1.0080 As, and potentially $ 1.02. BBH analysts added that the momentum of the pair can give a report on Australia's number of employed in September, if the data could be stronger than expected. The current rate of AUD / USD $ 0.9926.

The attractiveness of the dollar. Looking HSBC

Analysts HSBC decided to investigate the phenomenon of the popularity of the U.S. dollar as a currency of refuge compared to some of its competitors. Among the studied rates appeared Norwegian and the Swedish krona and Canadian dollar. Bank employees have left aside the Japanese yen and Swiss franc, in connection with the unrest of investors about a possible intervention in the currency specified by the central banks. As a result of this research analysts have concluded that the appeal of U.S. currency, to a greater extent due to the lack of alternatives to the players. For example, the Canadian dollar was too dependent on the mood of world markets, while the constraints of the Swedish and Norwegian kroner was marked by a lack of liquidity. At the moment the EUR / NOK is kept at 7.8069, EUR / SEK is trading at 9.1341 area. The current dollar / Canadian 1.0280.

The dollar is losing ground

The U.S. dollar during trading is losing ground across the entire spectrum of the market. Execution stops at the break of $ 1.5650 a pound enabled / set maximum dollar at $ 1.5659 session. According to one dealer, large enough Ofer located near $ 1.5670. Further, the pound / dollar may face intensified bears at $ 1.5685/90, and potentially at $ 1.5710/20. Market participants noted that the earlier interest in the sale of the British currency came from the system of accounts. The Australian dollar also reduces waste. AUD / USD broke above the ninety-ninth and was the figure of $ 0.9920, where he currently holds. Among the active buyers Aussies seen U.S. investment banks. The current rate of the pound / dollar $ 1.5646.