Currencies

EUR/USD remains trapped within a narrow trend channel. A break higher would probably require improving European data.

fxsoriginal

The pound sterling further erased pre-election gains as markets shifted focus to the potential difficult trade talks with the EU. The move ran into resistance near EUR/GBP 0.86. The Bank of England might decide over sterling’s near term future by the end of this month.

fxsoriginal

USD/JPY settled above 110 amid an overall constructive sentiment. The fall-out of geopolitical tensions at the start of the year on USD/JPY (rising yen) proved very short-lived.

fxsoriginal

The Czech currency enjoyed a nice bid on the back of improved sentiment, a solid economy and relatively high interest rates. EUR/CZK 25.00/15 is key support.

fxsoriginal

The Hungarian forint remains close to historically weak levels. High inflation (4%) turns real interest rates negative, hurting the currency.

fxsoriginal

Polish zloty rallies as markets bet the central bank will raise rates sooner than later with inflation running high. EUR/PLN 4.24 is an important technical reference.

fxsoriginal

 

Download The Full Monthly Chartbook

This non-exhaustive information is based on short-term forecasts for expected developments on the financial markets. KBC Bank cannot guarantee that these forecasts will materialize and cannot be held liable in any way for direct or consequential loss arising from any use of this document or its content. The document is not intended as personalized investment advice and does not constitute a recommendation to buy, sell or hold investments described herein. Although information has been obtained from and is based upon sources KBC believes to be reliable, KBC does not guarantee the accuracy of this information, which may be incomplete or condensed. All opinions and estimates constitute a KBC judgment as of the data of the report and are subject to change without notice.

Analysis feed

Latest Forex Analysis

Editors’ Picks

EUR/USD rebounds after dismal US PMIs

EUR/USD is trading closer to 1.0850, rising in response to weak US PMIs, with the services one pointing to contraction. Earlier, German Manufacturing PMI beat estimates. 

EUR/USD News

GBP/USD advances to 1.2950 after US data

GBP/USD is trading around 1.2950, taking advantage of US weakness stemming from a downfall in Markit's Services PMI in the US. In Britain, the Manufacturing PMI exceeded estimates. 

GBP/USD News

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Consolidation process underway

The Crypto board continues to be immersed in an emotional leg-breaking, consistently punishing the emotional state of the traders with its continuous changes of direction.

Read more

Gold hits fresh seven-year high

Gold is flashing green for the fourth straight day and is currently trading at $1,624, the highest level February 2013. The anti-risk yellow metal continues to draw bids from retail investors and hedge funds despite the headwinds from other markets. 

Gold News

FXStreet launches Real-Time Trading Signals

FXStreet Signals offers access to explanatory live webinars, real-time notifications when signals are triggered and exclusive membership to the company’s Telegram group, where users get direct guidance by our analysts and get room to discuss and interact.

More info

Forex Majors

Cryptocurrencies

Signatures