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AUD/USD has room to test 0.6565 – UOB Group
Recovery in Australian Dollar (AUD) has room to test 0.6565; a continued rise above this level is unlikely. In the longer run, the price action continues to suggest AUD weakness, likely toward 0.6500, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Mon, Sep 29
GBP/JPY slumps to near 199.50 as Japanese Yen outperforms across the board
The GBP/JPY pair trades 0.4% down to near 199.50 during the European trading session on Monday. The pair falls sharply as weakness in the US Dollar (USD) due to mounting United States (US) government shutdown risks has increased the safe-haven appeal of the Japanese Yen (JPY).
Fxstreet
Mon, Sep 29
TRY: Political rulings extend uncertainty – Commerzbank
Istanbul’s 45th civil court last week ruled that a scheduled extraordinary congress to be held by CHP on 24 September could not be legally held. After appeals by CHP, YSK – which is supposed to have the final word on election matters – re-convened and re-authorised the congress.
Fxstreet
Mon, Sep 29
GBP/USD: Likely to trade in a range between 1.3375 and 1.3430 – UOB Group
Pound Sterling (GBP) is likely to trade in a range between 1.3375 and 1.3430. In the longer run, downward momentum is starting to slow, but only a breach of 1.3445 would indicate that the weakness in GBP has stabilised, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Mon, Sep 29
GBP: Focus on the UK Labour Party conference – ING
Pound Sterling (GBP) has been underperforming since around the middle of September, with plenty of focus on whether the UK is 'going bust' or will require an IMF bail-out – neither of which is likely, ING's FX analyst Chris Turner notes.Fxstreet
Mon, Sep 29
USD/CAD Price Forecast: Treads water above 1.3900 as bullish bias prevails
USD/CAD trades around 1.3920 during the European hours on Monday, halting its five-winning streak. The technical analysis of the daily chart suggests that the pair moves upwards within an ascending channel pattern, suggesting that the bullish bias prevails.
Fxstreet
Mon, Sep 29
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