News
Important Only
Cirsa expects lower FX impact in second half of the year, online business soars
By Javi West Larrañaga Sept 9 (Reuters) - Spanish gambling company Cirsa CIRSA.MC said on Tuesday its second quarter net profit fell 11%, as its casino business was hit by weakness in the Mexican and Colombian pesos though its online betting unit soared.Foreign exchange headwinds, however, were n...Reuters
Tue, Sep 9
AUD/USD revisits almost 10-month high around 0.6620 as US Dollar underperforms
The AUD/USD pair reclaims the 10-month around 0.6620 during the European trading session on Tuesday. The Aussie pair strengthens as the US Dollar (USD) underperforms its peers amid firm expectations that the Federal Reserve (Fed) will cut interest rates in the policy meeting next week.
Fxstreet
Tue, Sep 9
EMERGING MARKETS-EM stocks hit four-year high bets onn bigger fed cut build; rand climbs
Nepal PM Oli quits as anti-corruption protests spiralEmerging markets stocks up 1%, currencies up 0.2%Hungary's August headline inflation at 4.3%By Pranav Kashyap and Twesha Dikshit Sept 9 (Reuters) - A gauge tracking emerging market equities climbed to a four-year high on Tuesday as traders ...Reuters
Tue, Sep 9
Sterling firms as Fed cut bets weigh on dollar, political worries bog down euro
Sept 9 (Reuters) - Sterling gained against the dollar and the euro on Tuesday as traders slightly raised the odds of an outsized rate cut by the Federal Reserve next week while political developments in France weighed on the euro.Sterling GBP=D3 was up 0.3% at $1.3585, hovering near its strongest le...Reuters
Tue, Sep 9
RPT-COLUMN-Will ECB be left holding central bank 'independence' baton?: Dolan
By Mike Dolan LONDON, Sept 9 (Reuters) - If central bank independence is all it's cracked up to be, then the European Central Bank may be in a good spot, as its odd multinational structure likely leaves it better protected from political interference gnawing at its peers. Whether it proves a ...Reuters
Tue, Sep 9
USD/CAD Price Forecast: Stays silent below 1.3800, nine-day EMA
USD/CAD trades around 1.3800 during the European hours on Tuesday, extending its losses for the second consecutive day. The technical analysis of the daily chart suggests that the pair consolidates within an ascending channel pattern, indicating that market bias is bullish.
Fxstreet
Tue, Sep 9
GBP/USD: Major resistance at 1.3595 is likely out of reach – UOB Group
Pound Sterling (GBP) could continue to rise; the major resistance at 1.3595 is likely out of reach. In the longer run, the current price movements are likely part of a broad range between 1.3430 and 1.3595, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Tue, Sep 9
EUR/GBP Price Forecast: Bears are pushing against the 0.8660 support area
The Euro is heading lower against the British Pound on Tuesday. The pair has retraced the last two days’ recovery and is extending last week’s reversal from 0.8710 highs to levels near 0.8660 so far.Investors’ concerns about the political crisis in France are weighing on the common currency.
Fxstreet
Tue, Sep 9
FOREX-Dollar slips to 7-week low as jobs gloom bolsters Fed cut wagers
Investors await preliminary U.S. jobs data revisionsOdds of 50 basis point Fed cut in September at 12% Gold hits record high on Fed cut wagersPolitical developments in focus for EUR, JPYBy Gregor Stuart Hunter and Jaspreet Kalra SINGAPORE/MUMBAI, Sept 9 (Reuters) - The dollar wallowed close to a ...Reuters
Tue, Sep 9
EUR/USD appreciates against a weaker Dollar with US NFP revisions on tap
The EUR/USD posts marginal gains at 1.1760 following a two-day rally on Tuesday. The US Dollar remains on the defensive with investors anticipating a sharp downward revision of US employment figures, although the political crisis in France keeps weighing on Euro (EUR) bulls.Fxstreet
Tue, Sep 9
