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EUR/USD rests 50-DMA after holding 1.1540 support – Société Générale
EUR/USD has rebounded from last week’s low and broken a short-term downtrend, but repeated failures around the 50-DMA underline lingering indecision. A sustained break above 1.1780/1.1820 is needed to confirm upside traction, Société Générale's FX analysts note.
Fxstreet
Fri, Oct 17
Japan's top banks to jointly issue stablecoin, Nikkei says
TOKYO, Oct 17 (Reuters) - Japan's three largest banks, Mitsubishi UFJ Financial Group 8306.T, Sumitomo Mitsui Financial Group 8316.T and Mizuho Financial Group 8411.T, will jointly issue "stablecoins", digital currencies pegged to the value of real-world currencies, the Nikkei business d...Reuters
Fri, Oct 17
Pound struggles as investors flock to safe havens
By Amanda Cooper LONDON, Oct 17 (Reuters) - Sterling fell on Friday, as investors rushed to safe-haven currencies like the Swiss franc and Japanese yen in light of growing anxiety over the outlook for the U.S. economy, regional banks and global trade tensions. The pound GBP= fell 0.13% to $1.3...Reuters
Fri, Oct 17
FOREX-Dollar stumbles as investors worry over trade, US banks
Dollar index set for biggest weekly drop in three monthsSlide in bank stocks unnerves investorsSafe-haven Swiss franc and yen gainFed's Beige Book highlights rising layoffs, reduced spendingFed officials support more rate cuts amid economic weaknessBy Rocky Swift and Amanda Cooper TOKYO/LONDO...Reuters
Fri, Oct 17
AUD/USD tumbles to near 0.6450 amid US-China trade frictions
The AUD/USD pair trades 0.5% down to near 0.6450 during the European trading session on Friday. The Aussie pair faces intense selling pressure as the Australian Dollar (AUD) underperforms its peers amid growing trade frictions between the United States (US) and China.
Fxstreet
Fri, Oct 17
EUR/GBP Price Forecast: Bulls might find resistance above 0.8720
The Euro received a boost from French PM Sébastien Lecornu’s victory in two no-confidence votes on Thursday. The pair bounced up from 0.8665 and retraced Wednesday’s losses, aiming for the top of the recent range, in the area of 0.8720-0.8730.
Fxstreet
Fri, Oct 17
USD/CAD Price Forecast: Hovers around 1.4050 within overbought territory
USD/CAD inches lower after registering gains in the previous session, trading around 1.4050 during the early European hours on Friday. The technical analysis of the daily chart suggests a persistent bullish bias as the pair is moving upwards within the ascending channel pattern.
Fxstreet
Fri, Oct 17
USD/INR declines at open amid US-China trade frictions
The Indian Rupee (INR) opens higher against the US Dollar (USD) on Friday. The USD/INR pair slides to near 87.80 as the US Dollar faces a sharp selling pressure due to ongoing United States (US)-China trade frictions and firm expectations that the Federal Reserve (Fed) will cut interest rates two moFxstreet
Fri, Oct 17
NZD/USD Price Forecast: Targets nine-day EMA barrier near 0.5750
NZD/USD gains ground after a flat performance in the previous session, trading around 0.5730 during the Asian hours on Friday. The daily chart’s technical analysis signals a potential bullish reversal as the pair price moves ahead in the descending wedge pattern.
Fxstreet
Fri, Oct 17
EUR/GBP holds positive ground above 0.8700 as political crisis in France eases
The EUR/GBP cross trades on a stronger note near 0.8705 during the early European session on Friday. The Euro (EUR) edges higher against the Pound Sterling (GBP) after the French government survived a no-confidence vote.Fxstreet
Fri, Oct 17
GBP/JPY trades vulnerably near 201.60 as Japanese Yen outperforms its peers
The GBP/JPY pair trades 0.2% lower to near 201.60 during the late Asian trading session Friday. The pair faces selling pressure as the Japanese Yen (JPY) outperforms its peers despite uncertainty surrounding the monetary policy announcement by the Bank of Japan (BoJ) later this month.
Fxstreet
Fri, Oct 17
