











Show:

EUR/USD: Likely to trade in a range between 1.1535 and 1.1575 - UOB Group
Euro (EUR) is likely to trade in a range between 1.1535 and 1.1575. In the longer run, there is no change in view; EUR is likely to trade in a range of 1.1485/1.1610 for the time being, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

ECB's Kocher: There is no need of adjustment in the monetary policy
European Central Bank (ECB) Governing Council (GC) member and Austrian National Bank Governor Martin Kocher said during the European trading session on Tuesday that the current monetary policy status is appropriate.

NOK/SEK: Why the NOK is still struggling - Commerzbank
The Swedish Krona (SEK) has significantly outperformed all other G10 currencies this year, including the Norwegian krone. There are good reasons for the SEK's outperformance; one of the most important is the presence of major defense companies.

USD: No clear impact from re-opening - ING
The US Senate passed a bill to end the government shutdown yesterday. The House will vote in the next couple of days, and while a majority isn't fully guaranteed, expectations are that the bill will pass, ING's FX analyst Francesco Pesole notes.

GBP/JPY hits session lows near 202.30 after weak UK employment data
The Pound has come under pressure on Tuesday, following disappointing UK labour market data. The GBP/JPY extended its reversal from Monday's highs near 203.20 to session lows right above 202.30, before picking up to the 202.60 area at the time of writing.

DXY holds at 99.70 with mixed USD performance - OCBC
Hopes of shutdown nearing an end continued to keep sentiments supported. Republicans hold a 53-47 majority in the senate and there were 8 Democrat senators who swung to support Republicans.

USD: Trade deal between the US and Switzerland moves closer - Commerzbank
It seems that a resolution to the trade conflict is also approaching for some of the few remaining countries without a US deal, Commerzbank's FX analyst Michael Pfister notes.

GBP: Dovish vibes from jobs market - ING
This morning's UK jobs numbers came in on the soft side, ING's FX analyst Francesco Pesole notes.

BoE's Greene: Not convinced monetary policy is meaningfully restrictive
Bank of England (BoE) policymaker Megan Greene said on Tuesday that she is not convinced that the monetary policy is meaningfully restrictive in the UK, per Reuters.

ECB's Vujčić: Market valuations are stretched
European Central Bank (ECB) policymaker Boris Vujčić said on Tuesday that risks are balanced around inflation, per Reuters.

EUR/JPY Price Forecast: Targets fresh record highs near 179.00 as bullish bias prevails
EUR/JPY extends its gains for the third consecutive session, trading around 178.40 during the European hours on Tuesday. The currency cross shows strong short-term momentum, trading above the nine-day Exponential Moving Average (EMA).

USD: Interest rate decisions in uncertain times - Commerzbank
While the financial markets were almost in a 'celebratory mood' in view of the looming end of the US government shutdown, EUR/USD remained flat yesterday. The price moved within a narrow range around the 1.1550 mark.

EUR/USD holds in range as US government reopening hopes lift mood
EUR/USD is showing a moderate decline, although it remains within the previous days' ranges, trading above 1.1550 at the time of writing on Tuesday.

NZD/USD hovers around 0.5640, downside likely on RBNZ rate cut bets
NZD/USD remains flat after moving sideways during the early hours, trading around 0.5640 during the European hours on Tuesday.

AUD/NZD eases from 1.1590, after hitting fresh 12-year highs
The Aussie Dollar has rallied well beyond 2% against its New Zealand counterpart over the last two weeks, reaching 12-year highs near 1.1600. RBA-RBNZ monetary policy divergence and weak New Zealand macroeconomic figures are crushing investors' confidence in the New Zealand Dollar.

Gold: Regaining momentum - OCBC
Gold rebounded sharply this week, riding on hopes that US government shutdown may be nearing its end. It may sound odd but gold is behaving more like an 'alpha' proxy outperforming traditional risk assets. XAU last seen at 4134.79 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.

EUR: Still a bit cheap - ING
EUR/USD remains around 1% undervalued according to our short-term fair value model, ING's FX analyst Francesco Pesole notes.

ECB's Elderson: The risks of inflation turning out higher than expected are balanced
In an interview with a Spanish newspaper, Expansion, on Tuesday, European Central Bank (ECB) board member Frank Elderson shared his view on the inflation outlook.

Pound Sterling slumps as UK job market deteriorates further
The Pound Sterling (GBP) falls sharply against its major currency peers on Tuesday. The British currency weakens as the United Kingdom (UK) labour market data for the three months ending September has signaled that job market conditions have deteriorated further.

When is the German ZEW Survey and how could it affect EUR/USD?
The Zentrum für Europäische Wirtschaftsforschung (ZEW) will release its German Economic Sentiment Index and the Current Situation Index at 10:00 GMT later on Tuesday.
Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy