News
Important Only
The Pound Sterling looks oversold – Scotiabank
UK data showed government borrowing a shade lower than expectations in September (GBP16.6bn) but cumulative borrowing over the fiscal half year was above forecasts which may limit the Labour government’s room for manoeuver in next week’s budget, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
Fxstreet
Tue, Oct 22
USD/CAD: CAD remains weak and oversold – Scotiabank
The Canadian Dollar (CAD) has had a minor reprieve this morning as it holds little changed on the session but some 20 ticks above yesterday’s low against the USD in the mid-1.38s, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
Fxstreet
Tue, Oct 22
Pound Sterling consolidates as traders brace for BoE Bailey’s speech
The Pound Sterling (GBP) performs mixed against its major peers on Tuesday, struggling for direction as investors await the Bank of England (BoE) Governor Andrew Bailey’s speech, who will speak at 13:25 GMT at the Bloomberg Global Regulatory Forum in New York.Fxstreet
Tue, Oct 22
NZD/USD Price Forecast: Bears have the upper hand while below 200-day SMA near 0.6100
The NZD/USD pair stages a modest recovery from the 0.6020 area, or its lowest level since August 16 touched this Tuesday and sticks to its intraday gains through the first half of the European session.Fxstreet
Tue, Oct 22
Forex Today: US Dollar holds near multi-month highs, eyes on central bank speak
Here is what you need to know on Tuesday, October 22: Following a quiet start to the week, the US Dollar (USD) gathered strength in the American trading hours on Monday, with the USD Index reaching its highest level since early August above 104.00.Fxstreet
Tue, Oct 22
