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Euro: Downside risks persist toward 1.1140 against US Dollar - UOB
UOB strategists Quek Ser Leang and Lee Sue Ann highlight renewed EUR/USD selling, with the pair dropping to 1.1164 before closing at 1.1195. While downside momentum has cooled, the Euro (EUR) remains vulnerable as long as resistance near 1.1265 holds.
EUR/USD Price Forecast: Holds below 1.1200, bearish tone prevails amid oversold conditions
The EUR/USD pair loses ground to near 1.1195 during the early European trading hours on Thursday. France's fiscal concerns continue to drag the Euro (EUR) lower against the US Dollar (USD). The US weekly Initial Jobless Claims report and the Fedspeak will be in the spotlight later on Thursday.
Germany Trade Balance s.a. came in at €19.5B, above expectations (€19B) in August
Germany Trade Balance s.a. came in at €19.5B, above expectations (€19B) in August
Germany Exports (MoM) below expectations (0.8%) in August: Actual (-0.8%)
Germany Exports (MoM) below expectations (0.8%) in August: Actual (-0.8%)
Germany Imports (MoM) below expectations (2.8%) in August: Actual (0.9%)
Germany Imports (MoM) below expectations (2.8%) in August: Actual (0.9%)
GBP/USD Price Forecast: Bears await break below trading range support near 1.3180
The GBP/USD pair struggles to gain any meaningful traction, trading near the 1.3200 mark through the Asian session on Thursday and within striking distance of the lowest level since late June, touched last week.
BoJ holds steady assessment for 7 of Japan's 9 regions
The Bank of Japan (BoJ) Regional Economic Report, known as the Sakura report, maintains an unchanged economic assessment for 7 of 9 regions across Japan.
Japan Eco Watchers Survey: Outlook: 47.4 (September) vs previous 48.3
Japan Eco Watchers Survey: Outlook: 47.4 (September) vs previous 48.3
Swiss Franc gains despite stable US Dollar amid ongoing inflation risks
USD/CHF halts its three-day winning streak, trading around 0.8330 during Asian hours on Thursday. However, the downside of the pair could be limited as the US Dollar (USD) gains solid backing from the Federal Open Market Committee's (FOMC) hawkish stance amid ongoing inflation risks.
Japan Eco Watchers Survey: Current registered at 47 above expectations (46.8) in September
Japan Eco Watchers Survey: Current registered at 47 above expectations (46.8) in September
Japan’s Takaichi says does not require reflationary policy now
Japanese Prime Minister Takaichi Sanae said on Thursday that the country does not require reflationary policy now, adding that she aims to gain market trust by keeping communication highly transparent.
AUD/JPY Price Forecast: Steadies near 100.00, bearish technical bias persists below 100-day SMA
The AUD/JPY cross trades on a flat note around 100.05 during the early European trading hours on Thursday.
New Zealand Dollar moves sideways as US Dollar stabilizes amid rising bond yields
NZD/USD experienced volatility after posting modest losses in the previous day, remaining in positive territory and trading around 0.5600 during Asian hours on Thursday.