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Likely to consolidate in a range of 1.3455/1.3525 – UOB Group
Pound Sterling (GBP) is likely to consolidate in a range of 1.3455/1.3525. In the longer run, GBP is likely to trade in a range between 1.3360 and 1.3525, UOB Group's FX analysts…
USD/JPY firms as Greenback rebounds, US shutdown clouds economic outlook
The Japanese Yen (JPY) halts its four-day winning streak against the US Dollar (USD) on Thursday, with USD/JPY edging higher during the American session. At the time of writing,…
Some risk premium is building – ING
EUR/GBP corrected lower on some EUR long squeezing yesterday, but seems to be lacking bearish momentum to trade back to 0.860, ING's FX analyst Francesco Pesole notes.Risks mostly…
AUD/USD is neutral for now – UOB Group
Further consolidation appears likely; softer underlying tone suggests a lower range of 0.6585/0.6625. In the longer run, Australian Dollar (AUD) is neutral now, and it is likely to…
USD/CHF eyes inverse H&S breakout – Société Générale
USD/CHF is consolidating after rebounding from its July low, with price action forming an Inverse Head and Shoulders pattern. A clear break above the neckline at 0.8020 is needed…
Likely to test 0.5840 before the risk of a pullback increases – UOB Group
There is a chance for New Zealand Dollar (NZD) to test 0.5840 before the risk of a pullback increases. In the longer run, NZD has likely moved into a 0.5770/0.5865 range-trading…
Dow Jones futures remain steady as traders expect brief government shutdown
Dow Jones futures hover near 46,700 during European hours on Thursday, ahead of the regular session opening in the United States (US). However, the S&P 500 futures advance…
UK firms’ inflation expectations seen higher at 3.5% in the September quarter
The latest Bank of England (BoE) Decision Maker Panel (DMP) quarterly survey released on Thursday showed that “one-year ahead expected CPI inflation by the UK firms edged slightly…
EUR/USD remains bid as investors ramp up bets of Fed rate cuts
EUR/USD is trading with moderate gains, right above 1.1750 at the time of writing on Thursday, but still trapped within a tight range below 1.1760. Rising bets of back-to-back…
Pound Sterling trades firmly against Greenback on slowing US job demand
The Pound Sterling (GBP) ticks up to near 1.3500 against the US Dollar (USD) during the European trading session on Thursday. The GBP/USD pair edges higher as the US Dollar (USD)…