Share: EUR/GBP oscillates around the 0.8647-0.8661 region in a narrow trading band on Thursday. Eurozone Retail Sales came in at -2.1% YoY in August vs.-1%, worse than expectation. UK’s S&P Global/CIPS Composite PMI and Services PMI for September came in above the market consensus. Traders will monitor the German Trade Balance for August
© Reuters. Eisuke Sakakibara, also known as ‘Mr Yen’, has projected that Japan may intervene if the yen crosses the 150 mark against the dollar, with concerns escalating at a level of 155. Sakakibara, who is currently leading the Institute for Indian Economic Studies, expressed these views on Thursday. Sakakibara went on to suggest that
In the view of Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group, NZD/USD is now likely to trade within a range bound theme. Ke لینک منبع : هوشمند نیوز
Share: GBP/CAD trades at 1.6924, pressured by rising oil prices and a UK unemployment rate increase to 4.3%. Bank of England hints at a rate cap at 5.50%, while the Bank of Canada eyes further tightening amid strong job growth. Upcoming monetary policy decisions could dictate the pair’s direction, but higher oil prices
Share: AUD/JPY recovers from the intraday losses amid BoJ’s hawkish comments. BoJ Governor Kazuo Ueda suggested the odds of interest rate hikes in the future. Investors turn cautious as China’s weak demand weakens the Australian Dollar (AUD). AUD/JPY trades lower around 94.00 during the Asian session on Monday, trimming the intraday losses. However,
Share: EUR/JPY advanced towards 158.15, setting a 0.40% weekly gain. The cross was rejected by the 20-day SMA the whole week. The daily charts flash signals of exhaustion. At the end of the week, the EUR/JPY cross advanced to the 158.15 area, seeing 0.40% daily and weekly gains. The daily charts suggest a
Share: Further advance could see USD/CNH testing the 7.3500 zone in the short-term horizon according to Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group. Key Quotes 24-hour view: Yesterday, we held the view that USD “is likely to rise further even though it is unlikely to reach 7.3500.” We
EUR/JPY seems to have met some decent resistance around the 158.40 zone so far this week. The continuation of the uptrend could see the cross challeng لینک منبع : هوشمند نیوز
Share: GBP/JPY loses momentum, snaps two-day winning streak on Wednesday. UK S&P Global/CIPS Composite PMI fell to 48.6 in August vs. 50.8 prior. Japanese policymakers will closely monitor FX movements with a sense of urgency. The attention will shift to Japan’s Gross Domestic Product (GDP) due on Friday. The GBP/JPY cross struggles to
Share: EUR/GBP pair drops to a new seven-day low of 0.8546, influenced by market expectations of a BoE rate hike and ECB’s unchanged stance. Technical analysis shows the pair struggling to break the 50-day SMA at 0.8582, maintaining a downtrend with a year-to-date low of 0.8492 in sight. Despite the downtrend, a falling
