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EUR/GBP eyes range breakout as momentum builds – Société Générale
EUR/GBP is testing the top of its multi-month range, with momentum still tilted higher. Holding above the 50-DMA at 0.8670 would keep the uptrend intact, targeting 0.8765 and potentially 0.8810/0.8825, Société Générale's FX analysts note.
Fxstreet
Wed, Oct 1
GBP/JPY Price Forecast: The Pound dives further, approaching 198.00
The British Pound keeps heading lower on Wednesday against a firmer Japanese Yen, and is on track for a more than 1% depreciation in the last three days, following a reversal from the 200.00 level, and is about to test a key support area at 198.00
Fxstreet
Wed, Oct 1
Pound Sterling refreshes weekly high against weakened US Dollar amid government shutdown
The Pound Sterling (GBP) posts a fresh weekly high near 1.3480 against the US Dollar (USD) during the European trading session on Wednesday. The GBP/USD pair edges higher as the US Dollar underperforms its peers, with the United States (US) government entering a shutdown.
Fxstreet
Wed, Oct 1
NZD/USD Price Forecast: Tests nine-day EMA after breaking above 0.5800
NZD/USD extends its gains for the second successive session, trading around 0.5810 during the European hours on Wednesday. The technical analysis of the daily chart indicates a weaker short-term price momentum as the pair remains below the nine-day Exponential Moving Average (EMA).
Fxstreet
Wed, Oct 1
EUR/GBP keeps wavering below 0.8750 with Eurozone inflation data on tap
The Euro continues to trade in a choppy and volatile manner within a tight range, with 0.8750 capping upside attempts and bears contained above 0.8715 so far, as markets await the release of Eurozone inflation data for further clues about the ECB’s rate path.Fxstreet
Wed, Oct 1
USD/CHF extends downside to near 0.7940 on US government shutdown
The USD/CHF pair slides further to 0.7940 during the European trading session on Wednesday. The Swiss Franc pair weakens as the US Dollar (USD) extends its downside, following the United States (US) government shutdown.Fxstreet
Wed, Oct 1
GBP/USD rises above 1.3450 on rising odds of further Fed rate cuts
GBP/USD extends its winning streak for the fourth successive session, trading around 1.3460 during the Asian hours on Wednesday. The pair may further appreciate as the US Dollar (USD) faces challenges after soft US jobs data increased the odds of Federal Reserve (Fed) rate cuts.Fxstreet
Wed, Oct 1
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