News
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EUR/GBP Price Forecast: The pair finds resistance above 0.8700
The Euro rally against the British Pound has been unable to confirm above the 0.8700 level, and the pair retreated during the European session on Wednesday, turning negative on the daily charts and reaching a low of 0.8685 at the time of writing.The upward revision of August’s UK Services PMI has pr
Fxstreet
Wed, Sep 3
JPY soft and underperforming G10 – Scotiabank
The Japanese Yen (JPY) is down a marginal 0.1% against the US Dollar (USD) and once again underperforming all of the G10 currencies—albeit this time in quiet trade, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Fxstreet
Wed, Sep 3
Central banks urged to pool dollar reserves as Fed help questioned
Trump's attacks on Fed leadership has raised concern among central bankers globallyPosen says Fed help should not be taken for grantedFed renewed liquidity lines with some major central banks European central bankers have privately discussed alternatives FRANKFURT, Sept 3 (Reuters) - The Eur...Reuters
Wed, Sep 3
EUR: markets shift focus back to policy and Fed/ECB – Scotiabank
The Euro (EUR) is up a marginal 0.1% against the US Dollar (USD) and a mid-performer among the G10 as it consolidates in a tight range in the mid/lower-1.16s, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Fxstreet
Wed, Sep 3
FOREX-Euro, sterling steady as traders assess impact of rising borrowing costs
By Joice Alves LONDON, Sept 3 (Reuters) - The British pound and euro edged higher on Wednesday, as investors paused to assess the impact of rising borrowing costs after a surge in bond yields.Long-dated government borrowing costs from Japan to Britain touched fresh multi-year highs on Wednesday o...Reuters
Wed, Sep 3
UK's Reeves sets November 26 budget date as markets scrutinise British debt
UK government to hold annual budget on November 26Most economists expect fresh tax rises to meet fiscal goalsReeves denies UK economy is 'broken', pledges tight spendingUK 30-year borrowing costs have risen to highest since 1998British inflation and borrowing costs are highest in G7By David ...Reuters
Wed, Sep 3
USD/JPY rises to near 149.00 ahead of US JOLTS Job Openings data
The USD/JPY pair moves higher to near 149.00 during the European session on Wednesday. The pair moved higher as the Japanese Yen (JPY) underperforms its peers, following a sharp increase in Japan’s long-term bond yields.Fxstreet
Wed, Sep 3
USD/JPY: Overbought conditions may limit gains to 149.15 – UOB Group
US Dollar (USD) could strengthen further; overbought conditions may limit gains to 149.15. In the longer run, outlook for USD is positive; it remains to be seen if it can maintain the rapid pace of advance. The level to watch is 149.55, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Wed, Sep 3
AUD/USD crawls above 0.6525 on upbeat Australia's GDP, easing risk aversion
The Australian Dollar has turned positive on the daily charts after bouncing from the 0.6500 area and is trading near daily highs, at the 0.6525 area, favoured by strong Australian GDP data and easing concerns about the fiscal deficits.Fxstreet
Wed, Sep 3
NZD/USD: May test the support at 0.5830 before stabilization – UOB Group
New Zealand Dollar (NZD) may test the support at 0.5830 before stabilization can be expected; a clear break below this level is unlikely. In the longer run, NZD is likely to trade in a range of 0.5800/0.5900, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Wed, Sep 3
EMERGING MARKETS-Risk aversion puts EM assets subdued; spotlight on Turkey, Poland
EM stocks, FX flatTurkey inflation falls to 32.95% in AugPolish rate decision due at 1300 GMTBy Pranav Kashyap Sept 3 (Reuters) - Most emerging market currencies and stocks hovered in limbo on Wednesday amid a risk-off sweep, while investors awaited a rate decision in Poland. The gauges trac...Reuters
Wed, Sep 3
AUD/USD: Likely to trade in a range of 0.6480/0.6540 – UOB Group
Instead of continuing to decline, Australian Dollar (AUD) is more likely to trade in a range of 0.6480/0.6540. In the longer run, AUD is expected to trade in a range, most likely between 0.6460 and 0.6560, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Wed, Sep 3
USD/CHF hovers around 0.8050 as traders adopt caution ahead of Fed Beige Book
USD/CHF struggles after two days of gains, trading around 0.8040 during the European hours on Wednesday. The pair receives downward pressure as the US Dollar (USD) faces challenges amid rising odds of the US Federal Reserve (Fed) delivering interest rate cut in September.
Fxstreet
Wed, Sep 3
