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

German IFO Business Climate index surprises on the upside in Sept

German IFO Business Climate index surprises on the upside in Sept

FXStreet (Mumbai) – Business sentiment among German investors surprisingly improved in September, shrugging-off the sell-off in the Chinese and global stock markets. The result, however, did not reflect the latest turmoil caused by a false emission scam at the country’s auto giant Volkswagen.The heaSee Original Article

Gold extends gains in Europe on weak USD index

FXStreet (Mumbai) – Gold prices extended gains in the European session on the back of weakness in the USD index.Nears 100-DMAPrices are trading within a touching distance from the 100-DMA located at USD 1139/Oz levels. The USD index weakened 0.25% to trade around 96.15 levels, helping the yellow metSee Original Article

AUD/JPY extends weakness as risk-off returns, near 84.00

FXStreet (Mumbai) – The cross in the AUD/JPY extends losses for the fifth straight session on Thursday as worsening risk conditions on the back of negative performances on the global equities continue to dampen investors’ sentiment.AUD/JPY at fresh two-week lows Currently, the AUD/JPY pair trades See Original Article

Forex – AUD/USD holds steady near 2-1/2 week lows – The Australian dollar held steady near two-and-a-half week lows against its U.S. counterpart on Thursday, as investors remained
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AUD/USD drops to fresh 2-week lows near 0.6980

AUD/USD drops to fresh 2-week lows near 0.6980

FXStreet (Mumbai) – The Australian dollar came under renewed selling pressure and fell further into losses versus its US rival in the early European trades, knocking-off AUD/USD to fresh two-week lows below 0.70 handle.AUD/USD rejected at 0.7000Currently, the AUD/USD pair trades -0.19% lower at 0.69See Original Article

USD/CHF: Offered at critical resistance

FXStreet (Mumbai) – The USD/CHF pair was offered at a critical resistance around 0.98 levels in Asia today after having rallied for four trading sessions. CHF bid as European stock futures struggleThe bid tone on the safe haven CHF attempts to recover in early Europe as major stock futures in EuropeSee Original Article

GBP/USD remains under pressure – Commerzbank

FXStreet (Edinburgh) – According to Axel Rudolph, Senior Technical Analyst at Commerzbank, the current weakness around the pair leaves the door open for further pullbacks.Key Quotes“GBP/USD dropped to the 50% retracement at 1.5248 while en route to the 1.5171/63 major support zone which consists oSee Original Article

AUD/NZD: Home, Home On The Range

We're seeing mixed performance in the foreign exchange market today, with the greenback rallying against most of its rivals (prominently including
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