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EUR/JPY extends rally to print 133.50 session records

FXstreet.com (Chicago) – EUR/JPY rallied to 133.50 session highs to retrace minimally. Approaching a full-recovery from last week’s losses, the pair holds on to monthly gains. Results ahead On mixed Japanese tankan surveys but better than expected business confidence results, the country’s tax sales hike seems imminent next year. Ahead of manufacturing results for the […]

EUR/AUD suffocates at double-tops; plunges to 1.4486 bottoms

FXstreet.com (Chicago) – EUR/AUD reached 1.4555 but was unable to breathe on bearish pressure that sent the pair back below 1.45 to print 1.4486 session lows after the release of better than expected Australian data. Data reactions Retail sales in Australia were 0.4% vs. past 0.1% and expected 0.3% surprising and triggering a knee-jerk reaction […]

EUR/AUD suffocates at double-tops; plunges to 1.4486 bottoms

FXstreet.com (Chicago) – EUR/AUD reached 1.4555 but was unable to breathe on bearish pressure that sent the pair back below 1.45 to print 1.4486 session lows after the release of better than expected Australian data. Data reactions Retail sales in Australia were 0.4% vs. past 0.1% and expected 0.3% surprising and triggering a knee-jerk reaction […]

Greenback possibilities if the US politicians continue their folly

FXstreet.com (Barcelona) – Will the DXY react to the “risk-on / risk-off” dynamic or to the “Sell your Dollars!” dynamic if the US government is shut down Tuesday as a result of political bickering? Instability in the US is not what risk bulls need – unless they have been waiting to buy more Global traders […]

Greenback possibilities if the US politicians continue their folly

FXstreet.com (Barcelona) – Will the DXY react to the “risk-on / risk-off” dynamic or to the “Sell your Dollars!” dynamic if the US government is shut down Tuesday as a result of political bickering? Instability in the US is not what risk bulls need – unless they have been waiting to buy more Global traders […]

AUD/JPY jumps to 91.89 session highs

FXstreet.com (Chicago) – AUD/JPY dropped to 91.38 lows at Tokyo’s opening to then bounce and retrace from 91.84 highs on strong market reactions to data releases on yo-yoing rhythm that ended after Australian data was released. Better than expected data Shortly after the release of Australian AiG performance at 51.7 vs. past 46.4, Japanese data […]

AUD/USD bounces off 0.93, bearish below 0.9350

FXstreet.com (Barcelona) – AUD/USD remains heavily offered heading into today’s RBA rate decision, with the selling pressure accelerating just minutes before a downbeat release on China’s PMI number, which came at 51.1 v 51.6, a 0.5bp miss which adds to the 1bp miss from the China HSBC PMI yesterday. The downward momentum appears to have […]

China PMI misses expectations, 2nd time this week

FXstreet.com (Barcelona) – China’s NBS Manufacturing PMI came at 51.1 in September vs 51.5 exp and 51.0 in August. The release follows a downward revision on the Chinese HSBC PMI yesterday.For more information, read our latest forex news. …read more    

Metals tip toeing backwards ahead of US shutdown?

FXstreet.com (Chicago) – Gold continues declining modestly throughout Monday and starts Tuesday’s session 0.07% weaker, mirroring late hour performance in Wall Street. After Obama spoke publicly about what the US shutdown implies, the talks continue in Washington with the clock ticking stronger seconds that desperately extinguish and get lost amid so many arguments. Offered at […]

EUR/USD set for all-year highs? Offered above 1.3520

FXstreet.com (Chicago) – EUR/USD opened above the 1.35 mark in Asia after extending a new and steady climb. Amid uncertainty on US spending, experts expect the euro to strengthen if shutdown occurs targeting 1.37. It’s October after all? Despite holding on to hope, an inevitable shutdown is about to occur as no agreement has taken […]

Japan: latest Tankan results suggest tax hike done deal

FXstreet.com (Barcelona) – Following an overall series of upbeat reads on the important Tankan indicators, Japan is inching closer to confirm the planned sales tax hike from 5% to 8%, due to be officially implemented in April 2014. As Eamonn Sheridan from Forexlive notes: “If there was any doubt that Japanese PM Abe was going […]

USD/JPY spikes higher above 98.30

FXstreet.com (Chicago) – USD/JPY opened strong against the yen ahead of key events in both countries with the potential corporate tax reduction and sales tax hike in Japan and the unsettled spending issue in the US with overnight work before the hard deadline. Tankan series…will the tax sales hike be happening soon? In recently published […]

Australian PMI back into expansion territory

FXstreet.com (Barcelona) – One positive surprise for the Australian economy, ahead of the RBA rate decision, was the Australian AiG Performance of Manufacturing Index read, which unexpectedly came at 51.7 vs – expansion territory – 46.4 last. Key findings AiG “This month’s move into expansion was driven by strong rises in the sub-indexes for new […]

Flash: What to expect from the RBA? – Westpac

FXstreet.com (Barcelona) – The low pricing of just -1bp for today’s RBA rate decision suggest the low expectations around the monthly announcement at 4.30GMT, notes Sean Callow, FX Strategist at Westpac. Key Quotes “The Sep minutes referred to a desire not to indicate an “imminent” policy change despite not ruling out another rate cut either.” […]

Flash: Downside risks for GBP/USD remains particularly high – JPMorgan

FXstreet.com (Barcelona) – While the recovery in Cable looks fairly constructive, looking at the big picture, it still takes a break above 1.6325/37/79 to really dent the long-term downtrend, notes Thomas Anthonj, FX Strategist at JP Morgan. Key Quotes “Below, a major top is expected to form in preparation of the resumption of the broader […]