EUR/GBP Technical Analysis: Euro bulls break above 0.8800 figure targeting 0.8847 level - EUR/GBP is being in reversal up mode after the drop in the last weeks of trading. - EUR/GBP bulls broke above the 0.8800 figure opening the gates to 0.8847 (September 20 low). - A break below 0.8752 (October 1...

USD/CAD jumps to six-week high after soft retail sales and CPI usdcad-daily-oct-19-d.png USD/CAD hit a fresh six week high above 1.3100 after surprisingly weak retail sales and CPI numbers. Retail sales fell 0.4% ex autos in August compared to a 0.1% rise expected. CPI was also down 0.4% m/m compar...

FX Strategists at UOB Group noted the pair looks vulnerable and could test the 1.1400 area in the next weeks. Key Quotes 24-hour view: “The ‘target’ indicated at 1.1470 yesterday was exceeded as EUR slumped to an overnight low of 1.1447. Downward momentum has improved considerably and from here, a ...

AUD Price at Risk to Political Uncertainty, Fed Bets, BoC Rate Hike AUSTRALIAN DOLLAR FUNDAMENTAL FORECAST: BEARISH - Australian Dollar declined despite jobs report as FOMC minutes overshadowed key risk - Australia’s Prime Minister faces by-election, hung parliament may see AUD gap Monday - US GDP ...

EUR/USD: Downside exposed as Italy yield spreads spike, US-DE spreads continue to rise The EUR/USD dropped to 1.1449 yesterday - the lowest level since Oct. 9 - and looks set to drop further to 1.14 as various yield spreads are rising in the EUR-negative manner. Technical Overview The pair trades a...

In addition to inflation data there are also retail sales data due from Canada Friday 19 October 2018 - Data due at 1230GMT - Inflation data due from Canada on Friday - previews A couple of previews of the retails data: HSBC We expect retail sales to decline in August through a combination of small...

EUR/USD, GBP/USD Trade Lower After Underwhelming Brexit Progress Talking Points: - EU and UK are open to extended Brexit transition and implementation period. - Officials from both parties expressed optimism and a desire to conclude Brexit. - Irish border issues still remain the key sticking point ...

GBP/USD extends slide after EU summit to fresh weekly lows Pound losses strength after EU summit and prints new daily lows across the board. Cable hits lowest since October 9, near 1.3050. The GBP/USD pair dropped further during the last hours and extend losses. It reached 1.3057 and rebounded mode...

UK government official: Extension of Brexit implementation phase is another option According to a senior UK government official, as cited by Reuters, an extension of Brexit transition period is an option, which is something that has come up in negotiations in recent days. Additional quotes: • Key p...