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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Forex – Dollar dips with Fed meeting in focus

Forex – Dollar dips with Fed meeting in focus

Investing.com – The dollar dipped against the other major currencies on Tuesday as investors positioned ahead of the start of the Federal Reserve's
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Forex – AUD/USD almost unchanged in cautious trade

Investing.com – The Australian dollar was almost unchanged against its U.S. counterpart on Tuesday, as investors remained cautious after downbeat
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UPDATE 2-DuPont sees sales falling on strong dollar, weak farm demand

* Cost cuts contribute 10 cents/shr to Q3 oper earnings (Adds forecast, Q3 details)

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Forex – Sterling remains lower after UK growth slows

The Office for National Statistics said gross domestic product expanded 0.5% in the three months to September, slowing from 0.7% in the second
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FOMC: Faced with credibility and over reliance on data problems – ING

FOMC: Faced with credibility and over reliance on data problems – ING

FXStreet (Delhi) – Rob Carnell Chief International Economist at ING, notes that the Fed is beginning to face a credibility problem and having tied itself in knots over its previous “forward guidance strategy”, now that the business cycle is older – arguably “late cycle”. Key Quotes“OnlSee Original Article

Forex – NZD/USD edges lower after downbeat NZ trade data

Investing.com – The New Zealand dollar edged lower against its U.S. counterpart on Tuesday, after the release of downbeat trade balance data from
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‘We need a more flexible exchange rate’ – PBOC Adviser Huang

FXStreet (Mumbai) – The Chinese central bank (PBOC) adviser Huang Yiping crossed the wires via Reuters, noting that the Chinese authorities should continue to allow more flexible currency market regime and not go back to old way of the PBOC setting the Yuan’s exchange rate.Key Quotes:”Looking backSee Original Article

Gold extends side-trend in Europe, near $ 1166

FXStreet (Mumbai) – Gold’s gradual ascent from daily lows near 1162 levels lost steam just ahead of the daily pivot, as a broadly muted US dollar and wavering European equities failed to provide further impetus.Gold hovers above 5-DMACurrently, gold trades flat at 1165.80, retreating from fresh seSee Original Article