Analysts at UOB Group offer a snapshot of their outlook for DXY, EUR, AUD and GBP. Key Quotes: “After enduring persistent selling across the whole of last year, the USD started to stage a strong rebound since Apr, with the DXY lifted from 89 to 95. Concurrently, DXY positioning has now flipped into a net long. ƒ In terms of our technical indicators, the DXY rally is overbought with glaring divergence; risk for a short-term top has increased. A pull-back could carry the DXY lower to the major support zone at 93.40/60. ƒ” “We stay positive on EUR and AUD after they have endured a fairly sizeable liquidation in long positioning. On the other hand, given the on-going uncertainties over Brexit, we stay cautious on the GBP as it remains at risk of further extension in net short positioning.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next China on track to hit annual growth target of 6.5% – National Bank Financial FX Street 5 years Analysts at UOB Group offer a snapshot of their outlook for DXY, EUR, AUD and GBP. Key Quotes: "After enduring persistent selling across the whole of last year, the USD started to stage a strong rebound since Apr, with the DXY lifted from 89 to 95. Concurrently, DXY positioning has now flipped into a net long. ƒ In terms of our technical indicators, the DXY rally is overbought with glaring divergence; risk for a short-term top has increased. A pull-back could carry the DXY lower to the major support zone at 93.40/60. ƒ" "We stay positive on EUR and… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
