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2 Aug 2021

USD/THB: Further gains still on the cards – UOB

Quek Ser Leang at UOB Group’s Global Economics & Markets Research noted that USD/THB could still reach the 33.00 level.

Key Quotes

“Our expectation for USD/THB to ‘edge above 33.00’ did not materialize as it traded in a quiet manner within a 31.82/32.99 range last week. While upward momentum is beginning to wane, there is still room for USD/THB to edge above 33.00.”

“However, the 2020 high of 33.18 is not expected to come into the picture. On the downside, support is at 32.80 but only a break of 32.66 would increase the risk of a deeper pullback.”

Aug 2, 2021

EUR/USD resumes the upside near 1.1890, targets 1.1900 and above

The buying interest returns to the single currency and pushes EUR/USD back to the 1.1880/90 band at the beginning of the week. EUR/USD now looks to ri
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Aug 2, 2021

NZD/USD clings to gains near session tops, 0.7000 mark remains in sight

The NZD/USD pair held on to its modest intraday gains through the first half of the European session and was last seen hovering near daily tops, aroun
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