News
Important Only
TRY: Political rulings extend uncertainty – Commerzbank
Istanbul’s 45th civil court last week ruled that a scheduled extraordinary congress to be held by CHP on 24 September could not be legally held. After appeals by CHP, YSK – which is supposed to have the final word on election matters – re-convened and re-authorised the congress.
Fxstreet
Mon, Sep 29
GBP/USD: Likely to trade in a range between 1.3375 and 1.3430 – UOB Group
Pound Sterling (GBP) is likely to trade in a range between 1.3375 and 1.3430. In the longer run, downward momentum is starting to slow, but only a breach of 1.3445 would indicate that the weakness in GBP has stabilised, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Mon, Sep 29
Hyperscale Data Upgrading Bitcoin Mining Fleet As Michigan AI Campus Expands
Sept 29 (Reuters) - Hyperscale Data Inc GPUS.A:HYPERSCALE DATA UPGRADING BITCOIN MINING FLEET AS MICHIGAN AI CAMPUS EXPANDSHYPERSCALE DATA INC - UPGRADES TO BITMAIN ANTMINE S21+HYPERSCALE DATA INC: DOES NOT PLAN TO SELL ANY OF ITS BITCOIN HOLDINGS, WILL CONTINUE TO IMPLEMENT ITS DIGITAL ASSET TREAS...Reuters
Mon, Sep 29
GBP: Focus on the UK Labour Party conference – ING
Pound Sterling (GBP) has been underperforming since around the middle of September, with plenty of focus on whether the UK is 'going bust' or will require an IMF bail-out – neither of which is likely, ING's FX analyst Chris Turner notes.Fxstreet
Mon, Sep 29
Sterling rebounds after recent selloff, awaits US data
By Stefano Rebaudo Sept 29 (Reuters) - Sterling was on track for a second straight session of gains against both the dollar and the euro on Monday, as investors paused after two weeks of losses fuelled by concerns over the UK's economic and fiscal outlook.The dollar dropped on Monday amid con...Reuters
Mon, Sep 29
EMERGING MARKETS-EM assets kick off the week higher; Czech elections on radar
EM stocks up 1.1%, FX up 0.25%Czech Republic holds elections on October 3-4Russia to submit draft budget in parliamentIsrael markets jump on renewed ceasefire optimismBy Nikhil Sharma Sept 29 (Reuters) - Emerging market stocks rebounded more than 1% on Monday and currencies strengthened against a...Reuters
Mon, Sep 29
USD/CAD Price Forecast: Treads water above 1.3900 as bullish bias prevails
USD/CAD trades around 1.3920 during the European hours on Monday, halting its five-winning streak. The technical analysis of the daily chart suggests that the pair moves upwards within an ascending channel pattern, suggesting that the bullish bias prevails.
Fxstreet
Mon, Sep 29
FOREX-Dollar falls before US data amid shutdown concerns, yen outperforms
Dollar down after last week rebound on reduced Fed cut betsUS government shutdown concerns weigh on the greenbackEuro unlikely to react to inflation data; Ukraine war in focusYen outperforms as investors assess global rate trajectoriesBy Stefano Rebaudo and Rae Wee Sept 29 (Reuters) - The dollar ...Reuters
Mon, Sep 29
AUD/USD jumps to near 0.6570 as US Dollar underperforms, RBA policy in focus
The AUD/USD pair trades 0.35% higher around 0.6570 during the European trading session on Monday. The Aussie pair trades firmly as the US Dollar (USD) underperforms its peers amid fears that the United States (US) won’t be able to avert a shutdown after the fiscal year ending September 30.
Fxstreet
Mon, Sep 29
