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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