RBS recommends buying euro / dollar on the decline

As the currency analysts Royal Bank of Scotland, the rising trend of the euro remains in force, and investors should buy the currency at lower. The bank's strategy pay attention to the fact that the euro / dollar has declined and is now in the middle part of the recent consolidation range.
In the case of a deeper correction of a couple may go down to the area of $ 1.45, but it is unlikely this decline will be long.
Bank analysts believe that in the medium term investors should buy the euro / dollar to decline. Currently, the euro / dollar bargains at level of $ 1.4847.

UBS predicts growth of dollar / franc to the end of the year

According to currency analysts UBS, the recent restoration of the dollar / franc could be due to the fact that investors will convert denominated in foreign currency savings back into dollar assets. The bank believes that this process has undoubtedly contributed to the restoration of the American currency, however, is unknown to what extent these flows will be able to compensate for unfavorable for the dollar long-term fundamentals. Projected UBS, in the 4 th quarter pair dollar / franc rise to a mark of 1.09, while in the 1 st quarter of 2010 will drop to a level of 1.07. At the moment pair dollar / franc is trading at around 1.0177.

Commerzbank: too early to talk about the end of the downtrend of the dollar

According to currency analysts Commerzbank, yesterday's strengthening of the dollar can hardly be regarded as a signal to the end of the downtrend of the U.S. currency. The bank believes that declare the weakening U.S. dollar would be premature. Currency U.S. remains under pressure due to continued low interest rates, due to which increases its attractiveness as a funding currency transactions carry trade. Nevertheless, the growth of the euro against the dollar, perhaps a little exhausted strength, and positive data published today a report on consumer confidence in the United States may have additional pressure on the single European currency. At the time of the data, the euro / dollar traded at 1.4855.

Morgan Stanley predicts the strengthening of the Swiss franc

According to currency analysts Morgan Stanley, by the end of the Swiss franc could strengthen to a mark of 1.50 against the euro (compared to before. Forecast 1.54), as well as economic recovery and higher inflation leads central bank to stop selling the currency. As noted in the bank, some central banks began to tighten monetary policy, while others have begun to reduce the amount of anti-crisis program - against the background of these circumstances, market participants would react with great attention to the question whether the Swiss National Bank to change the selected course of monetary policy. The bank believes that this will happen as soon as eliminating the need for its conservation. At Morgan Stanley believes that, given the emergence of an increasing signs of economic recovery, both global and domestic foreign exchange intervention policy is increasingly irrelevant. By the end of March, analysts predict a rise in bank franc to a level of 1.48 (compared with before. Prognosis 1.55). Currently, the euro / franc traded at 1.5119.

Mizuho expects weakening the Japanese currency

The Japanese yen fell to a two-month low against the single European currency against the backdrop of growth in the stock markets, triggered by good data on the earnings of the companies - this is yet another sign of reviving the global economy boosted demand for higher-yielding currencies. As the currency analysts Mizuho, interest risk, in general, increases, and this is the explanation for weakening the Japanese currency. In a situation of increasing "risk appetite", subject to the overall growth in the commodity and stock markets, the yen will remain under pressure. The Bank believes that the end of 2009 the Japanese currency against the dollar may fall to the level of 95.0, against the European currency, bank analysts predict the trade in the range 135.0 - 138.0. Euro / yen is currently traded at 137.97, the dollar / yen is at around 91.91.

BNP Paribas expects slowdown in the Australian currency

Pair AUD / USD has reached its goal BNP Paribas at the level of 0.9291 and now can grow to the area 0.9399 - 0.9499. Nevertheless, these levels will not be passed quickly. Analysts say the bank, the growth of couples will occur less rapidly with possible rollbacks, thus act as a support level of 0.9028 in the case of a breakthrough which follows a major obstacle to become a mark 0.8945. At the moment pair AUD / USD traded at 0.9222.

UniCredit: euro / dollar is preparing to break through 1.50

As the currency analysts UniCredit, the weakening U.S. dollar continues and does not even try to slow down, thus, believe in the bank, no data on the U.S. housing market, which went today at 16:30 Moscow Time, or the next series of earnings reports of companies for the 3rd quarter, most likely not be able to stop this decline. Thus, the bank's strategy continues to prefer to sell the U.S. currency. Meanwhile, talk that the European authorities are opposed to strengthening European currencies lose their value, which creates favorable conditions for a breakthrough level of 1.50 - stop-loss and option barriers, of course, will increase volatility in the first attempt to break through this level. Currently, the euro / dollar is trading at around 1.4973.

Barclays Capital expects to strengthen the British pound in the next weeks

Analysts said Barclays Capital, the difference between day momentum indicator and price signals about the possibility of a significant strengthening of the British pound in the coming weeks. At the bank, look at what would be today's closing of the British pound in pairs with the U.S. dollar, euro, Swiss franc and the Swedish crown as well as the possibility to make a week-long U-turn is observed in all these pairs. With respect to the euro / pound consolidation below 0.9205 the bank's strategy is considered as a sign of bearish mood, and the breakthrough 0.9075 will cause panic among the supporters of the trend, knocking them out of long positions. Now the euro / pound is at 0.9100.

Goldman Sachs recommends buying a pound / dollar

Currency strategists Goldman Sachs recommend buying a couple of pound / dollar. The bank believes that the short-term weakening of the dollar will continue. The relative growth, the correlation with the cyclical assets and capital flows continue to signal that, in the following months, the U.S. currency will continue to decline. Downtrend of the dollar probably will continue to provide support to European currencies, including the British pound. If you believe a member Monetary Policy Committee Fischer, in November, Britain could make a pause in the policy of quantitative easing, but good data on the PMI index, and the growth can support the pound. Bank analysts recommend buying a pound / dollar with a stop in the day close below 1.61 and the original intent of 1.70. At the moment couple pound / dollar traded at 1.6274.

BNP Paribas expects continued decline of the British pound

Analysts said BNP Paribas, in the medium term decline of the British pound will continue. However, note in the bank, now the main theme is the weakening U.S. currency. Pound / dollar is now trading near the bank's target level of 1.5990 - if the couple overcome this mark, then the growth may continue until the level of 1.6110, where strategists believe the bank profitable sale pairs. At the moment couple pound / dollar traded at 1.5992.

UBS forecasts for the U.S. dollar

The dollar, which fell this year to the main 16 countries - trade partners of the United States, in the next 3 months will strengthen against the euro, Aoussa, New Zealand dollar is not as strong as analysts expected in the previous forecast.

According to the forecast UBS, the euro to the dollar amount to 1.40, the Australian dollar to 80 cents, to New Zealand dollar 65 cents. Dollar / Swiss franc amount to 1.09 to 1.12 Canadian dollar? analysts say. According to the previous forecast of UBS, prospects for the euro / dollar was estimated as 1.35, Aoussa 75 cents, the New Zealand dollar 60 cents, the Canadian dollar exchange rate forecasts of 1.18, the Swiss franc 1,13.

JPMorgan: advises sell dollar / Canada

After a mild correction of the dollar / Canada is once again under pressure, and currency strategist at JPMorgan Chase sees the potential for further development of the current trend. The bank does not expect significant factors, which could trigger a significant reversal pairs above, with possible erosion of risk appetite is also unlikely to have a significant impact on the situation, given the limited amount of carry trade positions, which is believed the bank was only half the that was last year. At JPMorgan does not exclude the possibility of rebound of the dollar / Canada higher, but see no reason for successful reduction of short positions, and prefer to sell a pair with an increase to C $ 1.0460.

Wells Fargo expects further decline of the dollar

Analysts said Wells Fargo, the weakening U.S. currency will continue, despite the comments, ECB President Jean-Claude Trichet in support of a strong dollar. As noted in the bank, these comments do not contain anything new and unlikely to lead to a reversal of the current downtrend of the U.S. currency. Meanwhile, the euro / dollar, apparently, is going to test the highs reached earlier in the area of $ 1.4801 - shares in the stock markets again started to rise, increasing the "risk appetite". Stops are marked above the area of $ 1.4805/10, Offer located on the approach to the maximum of 23 October $ 1.4845. Euro / dollar at the moment is on a mark 1.4785.

TD Securities recommends the use of the growth of dollar / Canada for sale the pair

According to currency analysts TD Securities, the fact that the pair dollar / Canada is not able to keep the achieved annual minimum of C $ 1.0533 indicates a risk of rising short-term correction pair. However, if you do not take into account the likelihood of short-term counter-trend in the bank waiting for the general weakening of U.S. currency, and consider the short-term dollar rally / Canada as a good opportunity for sale. At the moment pair dollar / Canada is trading at around 1.0617.

Mizuho expects further weakening of the dollar by year-end

A pair euro / dollar recovered after falling last week with a minimum reached on Friday at 1.4480 - during this period steam rose 300 points, rising now to the maximum at 1.4750. According to currency analysts Mizuho, during the current month euro / dollar may rise to 1.5000 area. The Bank believes that after a month of growth in the European currency now is the short period of consolidation in the 1.4600/1.4800 area, after which the couple may well continue to rise to the psychologically important level of 1.5000. As part of a downward motion, lowering a pair of obstacles encountered in the field of 1.4443, where the 9-week moving average and the first Fibonacci support. The euro / dollar in the bank is considered as a good opportunity to buy a pair in the medium and long term in anticipation of further weakening the U.S. dollar by the end of this year. Currently, the euro / dollar is at 1.4725.

ING predicts the strengthening Canadian currency to parity against the U.S. dollar

Foreign exchange analysts ING recall that on Friday this week will be published quarterly report on the business prospects of the Bank of Canada, and on October 20 executives of the Central Bank will decide on interest rates. The bank noted that recent statements by representatives of the Bank of Canada were fairly optimistic, but better than forecasts of a quarterly report may raise expectations that the mood at the meeting of the Bank of Canada, which will take place towards the end of the month will be more aggressive. Analysts say the bank, given the more favorable position of the banking sector in Canada Compared with the United States and, consequently, a lower deficit, as well as increasing projections for world economic growth, investors should sell the dollar / Canada to 1.09/1.10 - at the bank believe that the end, the couple may well test the level of parity. At the moment pair dollar / Canada is trading at around 1.0756.

Barclays Capital predicts growth in the euro / dollar this week

As the currency analysts Barclays Capital, the data on levels of employment in non-agricultural sector of the United States, published on Friday last week, virtually no significant impact on the euro / dollar, and now the couple continues to consolidate above the 1.4450/00 area. Correctional reduction couples last week led to a complete reversal of momentum. Strategy has been bottom-up forecast for the pair this week, although I believe that the movement will likely not go beyond the range of 1.45 - 1.4750. Currently, the euro / dollar traded at 1.4616.

TD Securities adheres bearish forecast for the dollar / Canada

Today the dollar / Canada has demonstrated outstanding performance - first pair soared to a sessional maximum on the level of 1.0950, followed in early U.S. session more quickly sank to a low of 1.0790. Nevertheless, in a broader perspective view of currency strategists, TD Securities remains the same - they are still considering the growth of the U.S. dollar as a good opportunity to sell a pair. Today's jump in the dollar / Canadian area of 1.09 above yesterday's slightly exceeded analysts' expectations of the bank. Nevertheless, the bank noted that the chances of the U.S. dollar growth continues to remain weak. Bank analysts believe that in the next few days, volatility in the pair will remain, but, in general, adhere to the bearish forecast. The bank still prefer to sell dollar / Canada on the growth, thus, believe in the bank, the couple may well be a while to grow on the upper end of the range of 1.10/1.11. At the moment pair dollar / franc traded at 1.0832.

Barclays Capital maintains bullish forecast of the euro / dollar

Euro / dollar all closer to the level of a breakthrough in the field of 1.4450/00, while currency analysts at Barclays Capital is increasingly leaning toward the bullish forecast for the pair. Taking into account the fact that the momentum is approaching oversold, the bank expects early next couple weeks will form a foundation for future growth to the recent highs of 1.48. As a strategy at Barclays Capital recommend buying euro / dollar to decline in the 1.4450/00 area with a stop below 1.4340. At the moment, the euro / dollar is trading near the high of $ 1.4540, having fallen from the highs reached earlier above $ 1.4560 - the eve of the publication of data on the labor market in the U.S. the pair are unlikely to be significant. Offer are in the region $ $ 1.4565/70 and 1.4600/10, bids are marked near the level of $ 1.4500 with stops below.

Scotia Capital expects that by year-end dollar / Canada will fall to 1.04

Canadian dollar before the end of this year to expand on the 2.8% relative to the U.S. currency to 1.0400. The reason for this will be a global economic recovery, increased government support commodity projects, according to today's comments, Scotia Capital. "Given the current conditions, the prospects for commodity currencies, which include the Canadian dollar, look very favorably," - says Camilla Sutton, an analyst at Scotia.