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Forex
Holds near 176.00, all-time highs due to bullish bias
EUR/JPY edges lower after registering more than 1.5% gains in the previous session, trading around 176.00 during the European hours on Tuesday. The technical analysis of the daily…
Expensive to be short – ING
The US Dollar Index (USD) has gone a little bid this week – largely down to the weakness in the yen, which has a 14% weight in the DXY. At the same time, the dollar is an expensive…
European Gas prices jump 5% as supply risks mount – ING
European natural Gas prices surged over 5% to settle above €33/MWh as markets weighed rising geopolitical risks and colder weather forecasts. With Russia intensifying air strikes…
JPY weakens as Takaichi’s pro-stimulus agenda weighs – BBH
JPY remains under downside pressure undermined by Sanae Takaichi’s (set to become Japan’s next prime minister) pro-stimulus agenda, BBH FX analysts report. Takaichi’s fiscal push…
Eurozone Retail Sales rise 1% YoY in August vs. 2.1% previous
The Eurozone’s Retail Sales rose 1% year-over-year in August, following a revised 2.1% increase in July, according to official data released by Eurostat on Monday.On a monthly…
Gold eyes further gains above $3,950 amid Fed rate cut bets
Gold (XAU/USD) continues scaling record highs through the first half of the European session on Monday and seems poised to appreciate further amid a supportive fundamental…
2-way trades on the daily chart – OCBC
There are still no Federal data releases due to US government shutdown. This puts emphasis on private sector data and Fedspeaks. DXY last seen at 98.43 levels, OCBC's FX analysts…
GBP/USD may decline toward 1.3400 – UOB Group
Pound Sterling (GBP) may decline toward 1.3400; a clear break below this level appears unlikely. In the longer run, GBP is likely to trade in a range between 1.3360 and 1.3525, UOB…
Oil rises on OPEC’s modest output hike – ING
ICE Brent was trading above $65/bbl while NYMEX WTI was seen approaching $62/bbl this morning, amid a modest OPEC+ production increase for November and higher geopolitical risks.…
EUR/JPY retreats from 176.25 highs after France’s PM resignation
The Euro has taken a beating on Monday, following the unexpected resignation of France’s Prime Minister Sébastien Lecornu. The EUR/JPY has wobbled from long-term highs at 176.25 to…