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28 Apr 2020

THB is expected to come under extra pressure – UOB

The Thai baht risks further depreciation in the short-term horizon, according to FX Strategists at UOB Group’s Quarterly Global Outlook.

Key Quotes

“With travel confidence still weak, together with continued outflows from Thai stock and bond markets, THB may weaken further to 33.30 by 2Q20 and a further 34.00 by 3Q20 before a China-led recovery in 2H20 spur a recovery to 33.50 in 4Q20 and 33.00 in 1Q21.”

Apr 28, 2020

EUR/USD Price Analysis: Interim hurdle aligns at 1.0945

EUR/USD is now extending the recovery after clinching new monthly lows in the boundaries of 1.0730 on Friday. The continuation of the upside momentum
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Apr 28, 2020

GBP/USD Price Analysis: Eases from 2-week tops, still well bid near 1.2500 mark

The GBP/USD pair caught some aggressive bids during the early European session on Tuesday and rallied over 120 pips from daily swing lows, around the
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