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GBP/JPY Price Forecast: Trendline caps recovery as range holds
The Pound-Yen cross-pair finds support near 207.60 and bounces towards a daily high of 208.99 before settling at around 208.66, gaining 0.14%.
Australian Dollar holds above 0.70 as RBA hike becomes a done deal
The Aussie Dollar dives 0.10% versus the US Dollar as market sentiment deteriorates amid fading US-Iran peace hopes, pushing US bond yields higher while US equity markets fall. Also, price action remained subdued, ahead of the Reserve Bank of Australia (RBA) monetary policy decision.
Euro slips back to its summer low as ECB President Lagarde urges measured hikes
Traders betting on a faster European Central Bank (ECB) got pushback from ECB President Lagarde on Monday, and EUR/USD fell back to its late-July low near 1.1350. The pair closed just above 1.1350, three sessions after it broke below 1.1400.
Pound Sterling edges higher as the BoE's deputy governors lean toward a hike
The Bank of England (BoE) held the UK's Bank Rate at 3.75% on September 17 by six votes to three, and half of the six who voted to hold now say a hike may be needed.
United Kingdom BRC Shop Price Index (YoY) below forecasts (1.5%) in September: Actual (1.4%)
United Kingdom BRC Shop Price Index (YoY) below forecasts (1.5%) in September: Actual (1.4%)
Ireland Consumer Confidence down to 61.1 in September from previous 63.2
Ireland Consumer Confidence down to 61.1 in September from previous 63.2
Mexican Peso plunges as US-Mexico interest rate differential reduces
The Mexican Peso collapses against the US Dollar, depreciating on Monday as market mood sours amid stalled US-Iran talks. News headlines reported that a potential agreement is near, but officials denied the progress.
South Korea BOK Manufacturing BSI dipped from previous 81Â to 79 in October
South Korea BOK Manufacturing BSI dipped from previous 81Â to 79 in October
Dow Jones Industrial Average gives back Friday's rally on a Boeing delay
A software bug at Boeing (BA) cost the Dow Jones Industrial Average (DJIA) more points than a record $150 billion buyback at Nvidia (NVDA) put back. The index closed just under 51,500 on Monday, handing back about two-thirds of Friday's rally.
Gold price crashes as 2007-era yields trigger brutal sell-off
Gold (XAU/USD) begins the week on the back foot, tanking over 3.4% on Monday as US Treasury yields soar and Oil prices remain elevated despite falling from daily highs amid mixed news headlines about a potential US-Iran deal. The XAU/USD trades at $4,139 after peaking at $4,280.
Japanese Yen trades cautiously as intervention risk clashes with Fed rate hike bets
USD/JPY trades little changed around 157.25 on Monday as the US Dollar (USD) also holds steady near recent highs, with traders weighing Middle East developments and the risk of Japanese intervention.
Forex Today: The RBA and Fedspeak grab all the attention
The US Dollar (USD) has stated the week with slight gains, resuming its recent uptrend and leaving behind Friday’s hiccup.
US 10-year yield revisits 2007 heights as curve flirts with inversion
US Treasury yields climb on Monday as energy prices remain high, amid US President Donald Trump's rejection of a peace agreement with Tehran.