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Indian Rupee: Recovery against US Dollar constrained by externals – OCBC
OCBC Bank’s Christopher Wong argues that recent RBI measures and the governor’s willingness to act further have curbed speculative activity and supported the Indian Rupee. However, stronger US Dollar, elevated Oil prices and external headwinds are seen limiting gains, with technicals pointing to moderating downside in USDINR and key support at 94.70 and 94.20 and resistance around 95.60 and 96.Fxstreet
Thu, Oct 15
British Pound trades higher against Japanese Yen, UK GDP data beats estimates
The British Pound (GBP) is up 0.2% at around 209.10 against the Japanese Yen (JPY) during the European trading session on Thursday. The cross gains as better-than-expected United Kingdom (UK) monthly Gross Domestic Product (GDP) data for August has lend strength to the domestic currency.
Fxstreet
Thu, Oct 15
British Pound holds gains as UK GDP and Industrial Production beat expectations
The British Pound (GBP) holds gains against the US Dollar (USD) on Wednesday’s early London session, although the market reaction to the better-than-expected UK Gross Domestic Product (GDP) and Industrial Production figures has been modest.
Fxstreet
Thu, Oct 15
Euro trims gains against British Pound after surprise UK GDP data
The EUR/GBP cross pares gains near 0.8465 during the early European trading hours on Thursday. The British Pound edges slightly higher following the UK economic data. The Eurozone Industrial Production data and the German Buba Monthly Report are due later in the day.
Fxstreet
Thu, Oct 15
Euro: Downside risks build as Fed stays restrictive – Commerzbank
Commerzbank’s Antje Praefcke highlights that political uncertainty in France and renewed US rate hike expectations are weighing on the Euro against the Dollar. She notes that stronger US inflation has revived October Fed hike pricing, even as Commerzbank still expects no move until December.
Fxstreet
Thu, Oct 15
USD/CAD Price Forecast: Trades near 1.4200 after breaking below nine-day EMA
USD/CAD depreciates after posting modest gains the previous day, trading around 1.4210 during Asian hours on Thursday. The technical analysis of the daily chart indicates that the price is remaining within the ascending channel pattern, suggesting an ongoing bullish bias.
Fxstreet
Thu, Oct 15
EUR/JPY Price Forecast: Strengthens above 177.00, but bearish bias persists below key resistance
The EUR/JPY cross trades in positive territory near 177.10 during the early European trading hours on Thursday. However, the potential upside for the cross might be limited as traders remain on high alert for currency intervention from Japanese authorities.
Fxstreet
Thu, Oct 15
British Pound sticks to gains vs USD as BoE Pill's dovish tone cap upside ahead of UK data
The GBP/USD pair is seen building on the overnight bounce from the 1.3135 area, or the year-to-date low, and gaining strong follow-through positive traction during the Asian session on Thursday.Fxstreet
Thu, Oct 15
Silver Price Forecast: XAG/USD rebounds to near $56.00 as oil prices, US Dollar decline
Silver price (XAG/USD) gains ground after three days of losses, trading around $56.00 per troy ounce during Asian hours on Thursday. Non-yielding Silver gained ground as crude oil prices declined and pressure across other markets eased.Fxstreet
Thu, Oct 15
Euro edges higher above 1.1200, traders brace for US PPI, Retail Sales data
The EUR/USD pair gathers strength to near 1.1215 during the Asian trading hours on Thursday. However, the potential upside for the major pair might be limited amid lingering concerns about France’s fiscal health.Fxstreet
Thu, Oct 15
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