News
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USD/JPY surges as BOJ hike odds collapse ahead of CPI data – BBH
USD/JPY rallied by roughly 0.8% to 151.60. Unverified sources signal that Bank of Japan (BOJ) officials are of the view there’s no urgency to hike the benchmark rate next week. Interest rate futures quickly slashed BOJ October rate hike bets from 25% to under 10%, BBH FX analysts report.
Fxstreet
Tue, Oct 21
RPT-ROI-FOMO meets FOWO in edgy markets: Mike Dolan
By Mike Dolan LONDON, Oct 21 (Reuters) - Investors' long-held "fear of missing out" is now vying with their "fear of wipeout", creating a peculiar situation in which there are simultaneously anxieties about all the risks that could upset today's stretched markets, as well ...Reuters
Tue, Oct 21
AUD/USD: Expected to trade in a sideways range of 0.6445/0.6555 – UOB Group
Australian Dollar (AUD) is facing mild upward pressure and may edge higher to 0.6530; it is unlikely to break clearly above this level. In the longer run, for the time being, AUD is expected to trade in a sideways range of 0.6445/0.6555, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Tue, Oct 21
Japan's next finance minister could unsettle yen bears
Katayama appointed as Japan's first female finance ministerKatayama said yen's real value is closer to 120-130 per dollarA former finance bureaucrat, she has knack for FX diplomacyHer experience drafting budget may help Takaichi do big spendingEconomic reality may ease pressure on BOJ to del...Reuters
Tue, Oct 21
GBP/USD: Above 1.3475, GBP could rise further to 1.3505 – UOB Group
Pound Sterling (GBP) is likely to trade in a range between 1.3385 and 1.3435. In the longer run, if GBP breaks clearly above 1.3475, it could rise further to 1.3505, potentially testing 1.3530, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Tue, Oct 21
EUR: Eyes back on 1.160 – ING
EUR/USD remains almost entirely driven by US credit/equity sentiment: here, further stabilisation could take EUR/USD all the way to 1.160. Levels below that will be harder to justify unless the US CPI on Friday comes in hotter than expected, ING's FX analyst Francesco Pesole notes.
Fxstreet
Tue, Oct 21
AUD/JPY rises toward 98.50 after announcement of Japan’s new cabinet ministers
AUD/JPY recovers its daily losses and continues its winning streak for the third successive session, trading around 98.30 during the European hours on Tuesday. The currency cross gains ground as the Japanese Yen (JPY) remains subdued after Sanae Takaichi became Japan’s Prime Minister.
Fxstreet
Tue, Oct 21
GBP/JPY eases to 202.30 as Japan’s PM announces her cabinet
The British Pound keeps a mild positive tone against the Yen on Tuesday, but has retreated from session highs at 202.80 to levels around 202.30 at the time of writing, which leaves the pair wavering without a clear direction, within the last week’s trading range.
Fxstreet
Tue, Oct 21
USD/INR Price Forecast: 50-day EMA continues to provide support to Indian Rupee
The USD/INR pair ended Monday’s session with almost 0.1% losses to near 88.00. On Tuesday, Indian markets are closed due to Diwali Laxmi Pujan and will also remain closed on Wednesday on account of Balipratipada.Fxstreet
Tue, Oct 21
Japan's incoming finance minister says it is desirable for FX to move in stable manner
TOKYO, Oct 21 (Reuters) - Japan's incoming Finance Minister Satsuki Katayama said on Tuesday it is desirable for foreign exchange rates to move in a stable manner reflecting fundamentals.She declined to comment when asked about the direction of the Bank of Japan's monetary policy.Reuters
Tue, Oct 21
CAD: Inflation figures shouldn't change the picture – ING
Canada releases inflation figures for September today. Headline CPI should have rebounded above 2.0%, but that won’t matter too much for the Bank of Canada as long as core measures (trim and median) remain anchored around 3.0%.
Fxstreet
Tue, Oct 21
Yen slides after Takaichi elected as Japan's PM, dollar firms
By Rae Wee and Joice Alves SINGAPORE/LONDON, Oct 21 (Reuters) - The yen eased to a six-day low after hardline conservative Sanae Takaichi was elected as Japan's first female prime minister, with traders betting her government could bring about a muddied rate outlook and greater fiscal largess...Reuters
Tue, Oct 21
Pound Sterling extends downside against US Dollar as Sino-US trade tensions recede
The Pound Sterling (GBP) extends its losing streak against the US Dollar (USD) for the third trading day on Tuesday. The GBP/USD pair slides further to near 1.3370 as the US Dollar extends its recovery move amid growing expectations that the United States (US) and China will reach a trade deal soon.Fxstreet
Tue, Oct 21
