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GBP/USD: Little changed ahead of budget Wednesday – Scotiabank
The Pound Sterling (GBP) is little changed while Gilts are a little softer in line with the broader tone in fixed income as UK markets are brace for tomorrow’s budget announcement, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
GBP/USD
Fxstreet
Tue, Oct 29
USD/JPY is testing 153.90 high ahead of US labour data
The Dollar has resumed its broader bullish trend during Tuesday’s European session and is testing resistance right below 154.00 with all eyes on the US JOLTS Job Openings data.
USD/JPY
Fxstreet
Tue, Oct 29
EUR/USD: ECB cautions on rate outlook – Scotiabank
ECB VP Guindos remarked that despite evidence that the disinflationary process in the Eurozone was ‘well on track’, there were substantial risks around the outlook for prices, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
EUR/USD
Fxstreet
Tue, Oct 29
USD/CHF remains contained above 0.8645 with the bullish trend losing steam
The US Dollar is moving sideways below two-month highs near 0.8700.
USD/CHF
Fxstreet
Tue, Oct 29
USD/CAD: May see a marginal technical improvement – Scotiabank
The Canadian Dollar (CAD) is marginally higher on the day so far.
USD/CAD
Fxstreet
Tue, Oct 29
GBP/JPY approaches 200.00 ahead of UK Budget, BoJ policy meeting
The GBP/JPY pair aims to extend its upside towards the psychological resistance of 200.00 in Tuesday’s European session.
GBP/JPY
Fxstreet
Tue, Oct 29
USD/SGD: Short term consolidation is on the cards – OCBC
USD/SGD remains better bid; last at 1.3246levels, OCBC’s FX analyst Frances Cheung and Christopher Wong note.
USD/SGD
Fxstreet
Tue, Oct 29
XAG/USD appreciates above $34.00 on US political uncertainty and geopolitical fears
Silver prices bounce up on higher demand for safe assets as the US elections approach.
Silver
Fxstreet
Tue, Oct 29
USD/CAD Price Forecast: Hesitates to break above 1.3900
The USD/CAD pair struggles to extend its rally above the round-level resistance of 1.3900 in Tuesday’s European session.
USD/CAD
Fxstreet
Tue, Oct 29
USD/JPY: Run-up looks stretched – UOB Group
USD/JPY remains better bid, following LDP’s first loss in more than a decade.
USD/JPY
Fxstreet
Tue, Oct 29
USD/JPY: USD to extend to 154.00 – UOB Group
The US Dollar (USD) is likely to trade in a range between 152.45 and 153.60.
USD/JPY
Fxstreet
Tue, Oct 29
EUR/USD: Consolidating on the day – OCBC
Euro (EUR) continued to trade near recent lows amid broad USD strength, softer EU data and dovish ECBspeaks, which led markets to price in more dovish expectations (near 40% probability of 50bp cut at Dec meeting).
EUR/USD
Fxstreet
Tue, Oct 29
NZD/USD: To trade sideways between 0.5965 and 0.6005 – UOB Group
Instead of continuing to decline, NZD is more likely to trade sideways between 0.5965 and 0.6005.
NZD/USD
Fxstreet
Tue, Oct 29
EUR/USD ticks up ahead of US JOLTS Job Openings data
EUR/USD gains slightly near the round-level figure of 1.0800 in Tuesday’s European session.
EUR/USD
Fxstreet
Tue, Oct 29
Mexican Peso edges higher as market turns risk-on
The Mexican Peso (MXN) edges higher on Tuesday, rising by about a quarter of a percent across its most-heavily traded pairs.
USD/MXN
Fxstreet
Tue, Oct 29
AUD/USD: To continue to decline to 0.6560 – UOB Group
Oversold decline in Australian Dollar (AUD) could extend to 0.6560 before stabilisation can be expected.
AUD/USD
Fxstreet
Tue, Oct 29
EUR: Helped by deleveraging in less liquid currencies – ING
As discussed in the USD section above, when liquidity becomes a discriminating factor in FX, the Euro (EUR) can find some support in the crosses.
EUR/USD
Fxstreet
Tue, Oct 29
Speculative shorts on JPY are rising further – OCBC
The Japanese Yen (JPY) is playing the outlier role, being the developed currency with the greatest influence from domestic events, OCBC’s FX analysts Frances Cheung and Christopher Wong note.
USD/JPY
Fxstreet
Tue, Oct 29
GBP/USD: Downward momentum is slowing – UOB Group
The Pound Sterling (GBP) is expected to trade in a sideways range of 1.2940/1.2995.
GBP/USD
Fxstreet
Tue, Oct 29
NZD/USD Price Forecast: Falls toward 0.5950 within the descending channel
The NZD/USD pair continues its losing streak for a third consecutive session, trading near 0.5980 during Tuesday's European session.
NZD/USD
Fxstreet
Tue, Oct 29
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