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EUR/JPY Price Forecast: Targets 176.00 support near nine-day EMA
EUR/JPY dips slightly after posting strong gains in the previous session, trading around 176.10 during the European hours on Wednesday. The technical analysis of the daily chart indicates a prevailing bullish bias as the currency cross remains within the ascending channel pattern.
Fxstreet
Wed, Oct 22
Iron ore ticks higher on bets of easing US-China trade tension
BEIJING, Oct 22 (Reuters) - Iron ore futures prices drifted higher on Wednesday, as bets that easing U.S.-China trade tensions and Beijing unveiling more stimulus measures to support economic growth outweighed concerns over rising ore supply and diminishing steel demand.Hopes grew for a de-escalatio...Reuters
Wed, Oct 22
Sterling dips after softer-than-forecast CPI
LONDON, Oct 22 (Reuters) - The British pound dipped against both the dollar and euro on Wednesday, after the annual rate of Britain's consumer price inflation held at 3.8% in September, data showed on Wednesday. The median view of economists polled by Reuters had expected the headline measur...Reuters
Wed, Oct 22
USD/CHF clings to gains near 0.7970, focus shifts to US CPI data
The USD/CHF pair trades firmly near Tuesday’s high around 0.7970 during the Asian trading session on Wednesday. The Swiss Franc pair exhibits strength as the US Dollar (USD) trades broadly firm on hopes that the United States (US) and China will reach a trade deal soon.
Fxstreet
Wed, Oct 22
FOREX-Yen climbs as gold dip triggers market volatility
Yen strengthens slightly as investors assess Takaichi cabinetUS government shutdown seen extending into NovemberGold rebounds after testing $4,000 mark, rattling marketsBy Gregor Stuart Hunter SINGAPORE, Oct 22 (Reuters) - The U.S. dollar weakened in Asian trading on Wednesday, edging back from i...Reuters
Wed, Oct 22
EUR/JPY treads water above 176.00 ahead of speeches from ECB officials
EUR/JPY moves little after registering gains in the previous session, trading around 176.20 during the Asian hours on Wednesday. The pair steadies as traders adopt caution ahead of a series of speeches from European Central Bank (ECB) officials this week for clues on the policy outlook.Fxstreet
Wed, Oct 22
GBP/USD stays below 1.3400 as UK borrowing exceeds forecasts in H1
GBP/USD loses ground for the fourth consecutive session, trading around 1.3380 during the Asian hours on Wednesday. The pair face challenges ahead of the United Kingdom’s (UK) Consumer Price Index (CPI) and Retail Price Index data for September.Fxstreet
Wed, Oct 22
USD/CAD falls to near 1.4000 as Oil prices extend gains on falling stockpiles
USD/CAD extends its losses for the second successive session, trading around 1.4000 during the Asian hours on Wednesday. The pair loses ground as the commodity-linked Canadian Dollar (CAD) receives support from the higher Oil prices.Fxstreet
Wed, Oct 22
Japan's new economy minister says government, BOJ coordination important
TOKYO, Oct 22 (Reuters) - Japan's new economic revitalisation minister, Minoru Kiuchi, said on Wednesday that it is important for the government and the Bank of Japan to closely coordinate and pursue responsible policies for the macro economy."I hope the BOJ will carry out monetary policies ...Reuters
Wed, Oct 22
Iron ore ticks higher on signs of easing US-China trade tension
BEIJING, Oct 22 (Reuters) - Iron ore futures prices drifted higher on Wednesday, as signs of easing U.S.-China trade tensions and bets of Beijing unveiling more stimulus measures to support economic growth outweighed concerns over rising ore supply and diminishing steel demand.Hopes grew for a de-es...Reuters
Wed, Oct 22
