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EUR/JPY Price Forecast: Trades near 180.50 after breaking above nine-day EMA
EUR/JPY extends its gains for the second consecutive day, trading around 180.40 during European hours on Monday. Technical analysis of the daily chart shows the currency cross trading within a descending channel, keeping the overall bearish bias.
Equities: Strong rebound supported by earnings growth – Danske Bank
Danske Research Team reports a strong rebound in global equities, with the S&P 500, Nasdaq, Stoxx 600 and Kospi all posting solid gains despite a recent Fed hike and further tightening priced.
Forex Today: US Dollar consolidates Fed-inspired gains
Here is what you need to know on Monday, September 21:
CEE FX: Rating downgrade adds to regional FX pressure – ING
ING strategist Frantisek Taborsky says Moody’s downgrade of Poland to A3 adds to pressure on CEE assets at the start of a relatively quiet second half of the month.
Turkey Capacity Utilization rose from previous 73.5%Â to 74.2% in September
Turkey Capacity Utilization rose from previous 73.5%Â to 74.2% in September
Turkey Manufacturing Confidence dipped from previous 102.8Â to 102 in September
Turkey Manufacturing Confidence dipped from previous 102.8Â to 102 in September
Japanese Yen: Policy delay risks weakness against US Dollar - Commerzbank
Commerzbank’s Thu Lan Nguyen argues that the Bank of Japan (BoJ) faces renewed pressure as the Japanese Yen (JPY) weakens and markets question its commitment to tighter policy.
USD/CAD Price Forecast: Strengthens above 1.4000, bullish tone prevails above key averages
The USD/CAD pair gathers strength to around 1.4020 during the early European trading hours on Monday. Falling crude oil prices weigh on the commodity-linked Canadian Dollar (CAD) against the US Dollar (USD).
Australian Dollar outperforms its peers on hawkish RBA bets
The Australian Dollar (AUD) trades higher against its major currency peers, except the US Dollar (USD), on Monday. The Australian currency is marginally down to near 0.7120 against the US Dollar in the European trading session.
Euro: Holds below 1.15 against US Dollar as yields rise - Danske Bank
Danske Research Team notes that EUR/USD consolidated below 1.15 on Friday as European yields moved higher, with Bund yields rising amid increased French sovereign risk.
Euro treads water against British Pound weighed down by German political uncertainty
The Euro (EUR) trades practically flat, just above 0.8570 against the British Pound (GBP) on Monday, holding losses after Friday’s reversal from the 0.8600 area.
USD/JPY Price Forecast: Signs of stabilization above 20-day EMA back more upside
The Japanese Yen (JPY) underperforms its major currency peers at the start of the week, with the USD/JPY pair trading 0.1% higher to near 157.00 in the early European trade. The Japanese currency has come under pressure after the Bank of Japan’s (BoJ) monetary policy announcement on Friday.
GBP/USD Price Forecast: Declines below 1.3400 as bearish momentum persists below 100-day SMA
The GBP/USD pair loses traction to near 1.3375 during the early European trading hours on Monday. The US Dollar (USD) strengthens against the British Pound (GBP) after the US Federal Reserve (Fed) delivered a hawkish hike last week.Â