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EUR/GBP gains as UK labor market weakness, French political risks weigh
The EUR/GBP price remains on a firm footing on Tuesday, trading around 0.8710, up 0.40% for the day at the time of writing. The British Pound (GBP) weakens after softer-than-expected UK labor market data, which strengthens market expectations for further monetary easing by the Bank of England (BoE).
Fxstreet
Tue, Oct 14
USD/JPY: Likely to trade in a range between 151.85 and 152.75 – UOB Group
US Dollar (USD) is likely to trade in a range between 151.85 and 152.75. In the longer run, the current price movements are likely the early stages of a 149.50/153.00 range-trading phase, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Tue, Oct 14
GBP/JPY Price Forecast: Pound extends its reversal below 202.00
Pound’s reversal against the Yen extended to fresh one-week lows at 201.34, hammered by a downbeat UK employment report and the risk-averse sentiment stemming from a new chapter of the Sino-US trade feud.Data from the UK released earlier on Tuesday revealed an unexpected increase in the jobless rate
Fxstreet
Tue, Oct 14
Japan's Takaichi plans to arrange one-on-one meetings with opposition leaders
Japanese Liberal Democratic Party (LDP) leader Sanae Takaichi announces that she is making arrangements to hold one-on-one meetings with each of the three major opposition party leaders on Wednesday, according to JiJi news agency.Fxstreet
Tue, Oct 14
EUR/USD: Chance of dipping below last week’s low of 1.1540 – UOB Group
Euro (EUR) could dip below last week’s low of 1.1540; a sustained decline below this level is unlikely. In the longer run, the likelihood of EUR reaching the 1.1490 during this phase of weakness is decreasing, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Tue, Oct 14
EUR/JPY Price Forecast: Falls to near 175.50 after breaking below nine-day EMA
EUR/JPY extends its losing streak for the fourth consecutive session, trading around 175.60 during the European hours on Tuesday. The technical analysis of the daily chart indicates a potential for a bearish shift as the currency cross is positioned below the ascending channel pattern.Fxstreet
Tue, Oct 14
TRY: Lira weakening despite ongoing current-account improvement – Commerzbank
USD/TRY continues to move up in a linear fashion. In our Daily Currency Briefing of 27 August, we started our TRY commentary with the sentence 'USD/TRY breached the 41.0 level this week amidst media and policymaker commentary about positive developments on the economic front'. That was then.
Fxstreet
Tue, Oct 14
NZD/USD extends losses below 0.5700 as Sino-US trade tensions flare up
The New Zealand Dollar is heading south against the USD for the sixth consecutive day on Tuesday. The pair extended losses below the 0.5700 line, weighed by the simmering trade tensions between the US and China, to hit fresh five-month lows at 0.5684.Fxstreet
Tue, Oct 14
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