News
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USD/CAD holds above key 1.4000 support – BBH
USD/CAD remains above 1.4000 as Canada’s core inflation prints persistently above the 2% target, supporting the Bank of Canada’s guidance that policy easing may be over. Markets now price steady rates at 2.25% over the next year, limiting further CAD weakness, BBH FX analysts report.
Fxstreet
Tue, Nov 18
AUD/USD bounces toward 0.6500 after 200-DMA test – BBH
AUD/USD bounced back towards 0.6500 after testing support near its 200-day moving average (0.6458). The global equity market correction is weighing on AUD. The RBA Minutes of the November 4 meeting highlighted scenarios that could guide future policy decisions.
Fxstreet
Tue, Nov 18
USD/CHF Price Forecast: Extends winning streak for third trading day
The USD/CHF pair extends its winning streak for the third trading day on Tuesday. The Swiss Franc pair rises to near 0.7972 as the US Dollar (USD) gains amid receding hopes that the Federal Reserve (Fed) could cut interest rates again this year.
Fxstreet
Tue, Nov 18
COMMENT-EUR/USD insurance likely to be needed to cover losses
Nov 18 (Reuters) - FX traders can use a simple option to insure against EUR/USD suffering a bigger setback in coming sessions as the daily technical chart remains quite negative.EUR/USD's recovery last week was capped by the daily Ichimoku cloud that spans the 1.1691-1.1723 region and has left t...Reuters
Tue, Nov 18
RPT-ROI-Gilts lose their edge but not yet their attraction: Mike Dolan
By Mike Dolan LONDON, Nov 18 (Reuters) - Britain's gilts remain a good bet for many investors, but political anxiety and a potential volatility premium have started to scatter a recently crowded trade. Buying UK government bonds became one of the most popular moves of the late summer as Brita...Reuters
Tue, Nov 18
Sterling little changed before UK inflation data, budget still in focus
By Stefano Rebaudo Nov 18 (Reuters) - Sterling was little changed versus the dollar and the euro on Tuesday as investors awaited British inflation data on Wednesday which could provide additional clues about the Bank of England policy path.While investors were becoming increasingly aware that it ...Reuters
Tue, Nov 18
EMERGING MARKETS-EM stocks drop as AI concerns cloud global sentiment
EM stocks fall 1.8%, FX down 0.17%Hungary interest rate decision due Hungarian gross wages up 9.5% y/y in SeptemberING Bank Slaski to buy remaining 55% Goldman Sachs TFI stakeBy Nikhil Sharma Nov 18 (Reuters) - Emerging market stocks succumbed to selling pressure on Tuesday as global sentiment s...Reuters
Tue, Nov 18
NZD/USD: Expected to edge lower to 0.5635 – UOB Group
New Zealand Dollar (NZD) is expected to edge lower to 0.5635; the major support at 0.5605 is not expected to come under threat. In the longer run, no change in view; NZD is likely to trade in a range between 0.5605 and 0.5695, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Tue, Nov 18
AUD/USD: Major support at 0.6460 seems out of reach for now – UOB Group
There is a chance for Australian Dollar (AUD) to drop further, but the major support at 0.6460 could be out of reach for now. In the longer run, AUD is likely to trade with a downward bias toward 0.6460, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Tue, Nov 18
GBP/USD: Upward momentum is starting to slow – UOB Group
Pound Sterling (GBP) is expected to trade between 1.3125 and 1.3185. In the longer run, upward momentum is starting to slow; a breach of 1.3105 would indicate that GBP is likely to range-trade, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Tue, Nov 18
AUD/USD recovers to 0.6500 as hawkish RBA minutes boost Australian Dollar
The AUD/USD pair recovers its early losses and rises mildly to near 0.6500 during the European trading session on Tuesday. The Aussie pair pares losses as the Australian Dollar (AUD) strengthens, following the release of the Reserve Bank of Australia (RBA) minutes for the November policy meeting.Fxstreet
Tue, Nov 18
BOJ chief tells Takaichi central bank seeking smooth landing towards price goal
Ueda says had 'candid, good' talks with PM on monetary policyBOJ chief tells PM gradual rate hike ensures sustainable growthUeda says PM made no request on policy, two discussed FXRemarks keep markets guessing on BOJ rate-hike timingBy Kentaro Sugiyama and Leika Kihara TOKYO, Nov 18 (Reut...Reuters
Tue, Nov 18
EUR: Asymmetrical upside risks ahead – ING
EUR/USD is holding near the 1.160 handle ahead of key US data, with the euro’s liquidity helping it avoid a sharp hit from the equity sell-off. So far, losses in G10 FX have been mostly confined to high-beta currencies, notably AUD and NZD, ING's FX analyst Francesco Pesole notes.Fxstreet
Tue, Nov 18
Pound Sterling trades with caution as markets await UK inflation data
The Pound Sterling (GBP) trades subdued against its major currency peers, except antipodeans, on Tuesday as investors turn cautious ahead of the United Kingdom (UK) Consumer Price Index (CPI) data for October, which will be released on Wednesday.Fxstreet
Tue, Nov 18
Foreigners turn net buyers of Asian bonds in October on improved growth outlook
Nov 18 (Reuters) - Asian bonds witnessed renewed cross-border inflows in October following a month of sharp outflows, as an improved regional growth outlook and a series of U.S. trade agreements in Southeast Asia lifted investor sentiment.Foreign investors bought $368 million of regional bonds in In...Reuters
Tue, Nov 18
