GBP/JPY supported by upbeat services output data

GBP/JPY supported by upbeat services output data

FXStreet (Mumbai) – Sterling wobbled after a weaker-than-expected Q3 UK GDP reading, but the uptick in the services output ensured the losses in the GBP/JPY pair remained capped around 184.30. Sterling on recovery modeThe British Pound is taking back losses across the board. The slowdown in the actiSee Original Article

USD/JPY now focuses on 121.76/122.04 – Commerzbank

FXStreet (Edinburgh) – The recent consolidation now prompts the pair to focus on the tough barrier at 121.76/122.04, suggested Karen Jones, Head of FICC Technical Analysis at Commerzbank.Key Quotes“USD/JPY looks to be consolidating circa the 200 day moving average at 121.00, attention is on tough See Original Article

Fed March rate hike bets stand at 58%

FXStreet (Mumbai) – As per the CME Fed watch data, the Fed is seen moving rates only in March 2016. The probability of a rate hike move in March 2016 stands at 58%. Meanwhile, October rate hike bets are at 5.7%, while the December rate hike bets stand at 35%. The US durable goods orders report is duSee Original Article

GLOBAL MARKETS-Asian shares consolidate gains after rally; Fed, BOJ awaited

HONG KONG, Oct 27 (Reuters) – Asian shares fell on Tuesday after a four-week rally ran out of steam as investors took cover ahead of central bank meetings in the United States and Japan later in the…

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forex and stocks

forex and stocks

INTERESTED IN LEARNING STOCKS AND FOREX? Text INTERESTED to.
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GBP/USD regains poise, back above 200-DMA

FXStreet (Mumbai) – Sterling regained poised after an initial wobble, taking the GBP/USD back above its 200-DMA at 1.5332. Sterling cheers services output figureThe weaker-than-expected GDP was countered by the rise in the services activity figure, which forms a major part of the UK economy. ConsequSee Original Article

EUR/USD Flag Break Hinges on US Data, FOMC Tomorrow

Meanwhile, EUR/AUD has maintained its break, while EUR/GBP pauses after a weaker than expected Q3’15 UK GDP report.
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UK GDP slows more than expected in Q3

FXStreet (Mumbai) – The preliminary estimate of the third quarter UK GDP released by the Office for National Statistics (ONS) showed the economy expanded 0.5% q/q, missing the estimate of 0.6% and down from the previous figure of 0.7%. Year-on-year, third quarter GDP growth also came in at a slightlSee Original Article

Shah Rukh Khan summoned for the THIRD time for Forex violation!

Shah Rukh Khan summoned for the THIRD time for Forex violation!

This would be the second round of questioning of SRK by ED after 2011 on the KRSPL deal for the alleged forex violation of around Rs 100 crore.
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NZD/USD stalls recovery just below 0.6800

FXStreet (Mumbai) – The NZD bulls jump back into the bid ahead of the US open, now driving NZD/USD towards 0.68 barrier on the back of a renewed selling seen in the US dollar.NZD/USD breaks through hourly 200-SMACurrently, the NZD/USD pair trades 0.06% higher at fresh session highs of 0.6794, havingSee Original Article

USD/CHF fast approaching 2-1/2 month highs

FXStreet (Mumbai) – The offered tone on the CHF once again gathered pace in Europe, pushing the USD/CHF higher and closer to its highest level since August 12. Resistance at 0.9844The spot is within touching distance from the resistance at 0.9844 (Sep 25 high). The bid tone on the pair appears stronSee Original Article

UK GDP going through summer slowdown – ING

FXStreet (Delhi) – James Knightley Senior Economist at ING, notes that the UK business surveys suggested that growth slowed in 3Q15 with sterling strength and external weakness hurting exports and a wet summer dampening consumer spending. Key Quotes“This is mainly due to the deterioration seen iSee Original Article

GBP/AUD flirts with key fib level

GBP/AUD flirts with key fib level

FXStreet (Mumbai) – The GBP/AUD pair is hovering around 2.1154 (23.6% of Sep 2014-Aug 2015 rally) ahead of the UK data, which could show the pace of economic growth slowed slightly in Q3. AUD on comeback modeThe Aussie is on a comeback mode against Sterling after the financial markets stabilized in See Original Article

Myanmar forex controls Bid to bolster kyat alarms businesses

YANGON — The Central Bank of Myanmar has tightened its grip on foreign exchange in an effort to shore up the nation's currency, stirring confusion
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USD/JPY drops further, testing 120.30

FXStreet (Edinburgh) – The Japanese yen continues to gather traction vs. its American counterpart on Tuesday, with USD/JPY now falling to the 120.35/30 band.USD/JPY weaker ahead of US dataThe pair is trading on a softer tone and testing weekly lows in the 120.30 area so far, coming down from recent See Original Article

USD Rebalancing? – Live Europe Market Open from 8:00 GMT

Forex trading is never a one way street. The euro managed to stage a recovery while some commodity currencies slid in range. What's next?
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EUR/USD remains vulnerable ahead of FOMC – Danske Bank

EUR/USD remains vulnerable ahead of FOMC – Danske Bank

FXStreet (Edinburgh) – Analyst Kristoffer Lomholt at Danske Bank sees the pair remains under pressure in light of the upcoming FOMC gathering.Key Quotes“The EUR/USD move lower has lost steam, which is likely to be a combined result of reduced risk appetite as people await the FOMC and profit takinSee Original Article

[EURGBP] Bullish Mean Reversion Opportunity Via Inside Day Breakout

Today I would like to talk about a potential mean reversion situation on the EURGBP daily chart. Price has accelerated away from it's mean creating
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UK GDP preview: What to expect of GBP/USD?

FXStreet (Mumbai) – The GBP/USD pair is trading finds itself stuck in the falling channel ahead of the UK third quarter GDP figure due for release later today. UK economy maintained momentum in Q3The consensus estimates call for a GDP print of 0.6% quarter-on-quarter, compared to the previous quarteSee Original Article

EUR: Eurozone credit to non-financial business abates – ING

FXStreet (Delhi) – Teunis Brosens, Research Analyst at ING, note that credit to Eurozone businesses fell back in September to 0.1%YoY, down from 0.4%YoY in August (net bank lending adjusted for sales and securitisation). Key Quotes“This is disappointing: business credit had just turned positive See Original Article

EMERGING MARKETS-Stocks slip as investors mark time until Fed meets

EMERGING MARKETS-Stocks slip as investors mark time until Fed meets

LONDON, Oct 27 (Reuters) – Emerging market equities were on course for their fifth decline in six days on Tuesday and currencies weakened before two key central bank meetings, as a rally built on…

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USD/CAD firmer, flirting with 1.3200

FXStreet (Edinburgh) – The Canadian dollar is depreciating further vs. its American counterpart on Tuesday, pushing USD/CAD to the boundaries of the 1.3200 handle.USD/CAD focus on US dataThe pair is trading at shouting distance from 4-week tops at 1.3200 the figure today, while a renewed weakness arSee Original Article

GLOBAL MARKETS-Stocks rally stalls as investors eye Fed, BOJ, Apple

LONDON, Oct 27 (Reuters) – World stocks and the dollar dipped on Tuesday, as investors locked in some of the sharp gains seen over the last month ahead of the Federal Reserve’s policy meeting and…

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Shah Rukh Khan summoned by ED for alleged forex violation

Shah Rukh Khan has been summoned for the third time by Enforcement Directorate over alleged FEMA violations.
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