EUR/GBP retreats from highs, keeps gains

EUR/GBP retreats from highs, keeps gains

FXStreet (Edinburgh) – The better tone surrounding the single currency is helping EUR/GBP to keep the upper bound of the daily range, albeit a tad lower than session peaks.EUR/GBP looks to PMIsThe sentiment in the global markets is still favouring the risk aversion towards the end of the Asian sessiSee Original Article

EUR/USD forecast: attention to PMIs – Commerzbank and OCBC Bank

FXStreet (Edinburgh) – EUR/USD has managed to bounce off the vicinity of 1.1100 in early trade, gathering traction to test the current 1.1125/30 band ahead of PMIs in Europe.Karen Jones, Head of FICC Technical Analysis at Commerzbank, noted the pair’s “sell off has reached the top of the cloud aSee Original Article

EUR/CHF inching higher, near 1.0850

FXStreet (Edinburgh) – The initial upbeat momentum in the shared currency remains alive so far, now sending EUR/CHF to test the mid-1.0800s, close to session tops around 1.0860.EUR/CHF focus on SNB, PMIsThe cross is looking to consolidate the recent drop from weekly highs around 1.0960 to the viciniSee Original Article

Morning News Call – India, September 23

To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_09232015.pdf You can read Morning News Call — India via TOPNEWS India Companies…

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US: OECD leading indicators point to a bleaker picture – Westpac

US: OECD leading indicators point to a bleaker picture – Westpac

FXStreet(Delhi) – Richard Franulovich, Research Analyst at Westpac, notes that the latest OECD leading indicators do not make for happy reading on the US and global economy.Key Quotes“Both consensus and the Fed may have revised up 2015 growth expectations in recent weeks but within that a clear See Original Article

USD/JPY: Yen bolstered on awful China PMI, risk-off at full steam

FXStreet (Mumbai) – The USD/JPY pair met fresh supply near 120.20 region and dropped sharply to lows below 120 handle following the release of the much awaited Chinese manufacturing PMI data which disappointed markets big time.Yen spikes on China PMI missCurrently, the USD/JPY pair trades -0.28% lowSee Original Article

Fed: Likely to raise rates regardless of inflation concerns – BBH

FXStreet(Delhi) – Research Team at BBH, suggest that they expect the US Fed to raise rates regardless of what happens to the market-based measures of inflation expectations in the coming months.Key Quotes“The Federal Reserve threw investors a curve ball last week. Until then, Fed officials haveSee Original Article

EUR/USD keeps the neutral bias – Westpac

FXStreet (Edinburgh) – According to strategists at Westpac, the pair’s outlook remains on the neutral camp for the time being.Key Quotes“Topside follow-through in EUR/USD on the Fed’s decision to delay lift off has proven to be very underwhelming”.“Fedspeak this week should keep the spiritSee Original Article

Gold takes back losses on China data

Gold takes back losses on China data

FXStreet (Mumbai) – Gold prices recovered from the lows to trade largely unchanged on the day after the data in China heightened concerns regarding the slowdown in the global economy. Safe haven demand back?The prices had dipped to a low of USD 1121.10/Oz levels before recovering to trade around USDSee Original Article

Australian regulator warns of Forex clones of ABS Group

Moreover, the websites are offering CFD and margin Forex services. Whereas Australia ABS Group has an Australian financial services (AFS) licence,
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Market focus on global PMI’s and Draghi – Danske Bank

FXStreet(Delhi) – Research Team at Danske Bank, suggest that today focus will be on global PMIs and Draghi’s quarterly hearing in Brussels.Key Quotes“The euro area manufacturing PMI has so far held up during 2015 despite declines in both the US manufacturing ISM and Chinese Caixin PMI. NeverthSee Original Article

AUD/JPY drops on China data

FXStreet (Mumbai) – The AUD/JPY pair dropped in Asia on Wednesday, highlighting risk aversion in the markets after China data added to concerns of a slowdown in the world’s second largest economy. Supported at 84.00The pair printed a low of 84.02 before moving back slightly to trade around 84.30 lSee Original Article

Forex – Aussie holds weaker as Caixin PMI falls to 78-month low

Forex – Aussie holds weaker as Caixin PMI falls to 78-month low

Investing.com – The Australian dollar held weaker after a key China manufacturing survey Wednesday pointed to weaker conditions than estimated
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EUR/JPY turns higher after three day losing streak

FXStreet (Mumbai) – The offered tone on the JPY gathered pace in early Europe, pushing the EUR/JPY pair higher to 133.85 levels. Focus on EZ PMIsThe investors await the Eurozone preliminary PMI numbers which could set the stage for Draghi to hint at further easing at his quarterly hearing in BrusselSee Original Article

USD/JPY pares losses, retakes 120

FXStreet (Mumbai) – The Japanese yen seems to be losing ground versus the US dollar in the early moves, now lifting USD/JPY back near 120 handle, as markets gear up for the European open with the key event – Draghi’s testimony closely eyed.Yen retreats from 119.64 highsCurrently, the USD/JPY paiSee Original Article

EURUSD: Global slowdown concerns dent European consumer confidence – ING

FXStreet(Delhi) – Bert Colijn, Research Analyst at ING, notes that the concerns about a global slowdown are reaching the European consumer, as consumer confidence in the Eurozone declined moderately to -7.1 in September. Key Quotes“The trend in the past months has been one of stagnation after a See Original Article

GBP/USD flirts with 200-DMA

GBP/USD flirts with 200-DMA

FXStreet (Mumbai) – The GBP/USD pair is flirting with its 200-DMA located at 1.5340 levels ahead of Europe after having suffered sharp losses in the previous session. Nears key supportThe spot is trading few pips short of the key support at 1.5330 (Sep 15, 16 low). The pair suffered sharp losses forSee Original Article

‘Overall the fundamentals are good’ – Caixin’s Chief Economist Dr. He Fan

FXStreet (Mumbai) – Shortly after the release of the weak Chinese PMI survey, Dr He Fan, Chief Economist at Insight Group, played down risks emanating from the tepid data.Key Quotes:”The Caixin Flash China General Manufacturing PMI for September is 47.0, down from 47.3 in August.” “The decline iSee Original Article

USD/CHF: Bulls back in the game, rises to 0.9765

FXStreet (Mumbai) – The USD/CHF pair erased losses and is seen posting moderate gains in the early European trades, as the US dollar extends the recovery from China-driven drop ahead of an eventful EUR calendar. USD/CHF recovers from 0.9738 lowsCurrently, the USD/CHF pair trades 0.12% higher at fresSee Original Article

AUD/NZD: Bears tighten grip on China miss, drops to 1.1220

FXStreet (Mumbai) – Both the Antipodean currencies took a hit following the release of below estimates China PMI report, although the impact felt on the Australian dollar was far greater than its OZ neighbour.AUD/NZD falls from 1.1250Currently, the AUD/NZD pair trades -0.32% lower at 1.1227, hoverinSee Original Article

EUR/GBP sidelined around 0.7330, IFO eyed

EUR/GBP sidelined around 0.7330, IFO eyed

FXStreet (Edinburgh) – EUR/GBP is looking to consolidate yesterday’s break above the 0.7300 handle, currently extending its overnight sideline pattern around 0.7300.EUR/GBP focus on IFOThe re-emergence of the bid tone around the single currency on Wednesday has given fresh legs to the cross, helpiSee Original Article

NZD/USD consolidates to the downside post China PMI

FXStreet (Mumbai) – The New Zealand dollar remains heavy versus its American counterpart in the European morning, with NZD/USD now testing lows bear 0.6260 levels, as markets continue to digest the latest below estimates Chinese manufacturing PMI reading.NZD/USD at two-week lowsCurrently, the NZD/USSee Original Article

Asia risk-aversion deepens – Its China again! ECB Draghi’s testimony eyed

FXStreet (Mumbai) – A renewed bout of risk-aversion gripped the financial markets in the Asian session, bringing along higher volatility, after the Chinese manufacturing PMI hit fresh 6.5 year lows, adding to the persisting China slowdown fears and dampened investors’ sentiment big time.Key headliSee Original Article

SARB to remain on hold – TDS

FXStreet(Delhi) – Paul Fage, Senior Emerging Markets Strategist at TD Securities, expects SARB to keep its policy rate on hold at 6.0%, in line with the almost unanimous consensus.Key Quotes“Since the July MPC meeting the rand has weakened by 7% on a trade-weighted basis. This will be a significSee Original Article