GBP/JPY touches day’s highs as perky pound stays bid

GBP/JPY touches a high of 148.52 on the day ForexLive The key for GBP/JPY buyers now is to hold a break of the 200-day MA (blue line) @ 148.30. Stay above and price momentum turns more bullish moving forward. The pound is one of the key beneficiaries on the day of rising Treasury yields as the yen remains offered as we look towards US trading. That More...

by Heather Bender | Published 57 mins ago
By Heather Bender On Tuesday, September 25th, 2018
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Instagram co-founders resign in latest Facebook executive exit

Rockville, MD (Reuters) – Instagram on Monday said co-founders Kevin Systrom and Mike Krieger have resigned as chief executive officer and chief technical officer of the photo-sharing app owned by Facebook More...

By Heather Bender On Tuesday, September 25th, 2018
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The start of a turning point in EUR/CHF?

EUR/CHF is up 0.3% on the day to its highest levels since 30 August ForexLive Price has moved above the previous month’s high @ 1.1744 and now looks to be tracking towards the 1.1400 level. Near-term price More...

By Heather Bender On Tuesday, September 25th, 2018
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Offering Manicures With Hot Pot, China’s Haidilao Plans a Global Push

Sometimes, Shang Feifei goes to a restaurant just for the manicures. On a recent Wednesday night, Ms. Shang, 40, sat patiently at a downtown Beijing branch of Haidilao, a restaurant chain that defies China’s More...

By Heather Bender On Tuesday, September 25th, 2018
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Comcast crosses 30 percent Sky threshold after buying shares

LONDON (Reuters) – Comcast (CMCSA.O), the victor in the $40 billion auction for Sky (SKYB.L), said on Tuesday it had bought more than 30 percent of the European pay-TV group’s shares in the market. FILE More...

By Heather Bender On Tuesday, September 25th, 2018
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BOE’s Vlieghe says more communication can be expected as QE unwind approaches

Comments by BOE board member Gertjan Vlieghe QE unwind need not have material impact on yield curve or economy That is should it be well communicated and be done gradually Should expect yield curves to be More...

By Heather Bender On Tuesday, September 25th, 2018
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US-Japan rate differential would lead to dollar rise against the yen, all other conditions equal

Further comments by Kuroda on the day Rate differential between US and Japan is likely to widen BOJ can ease more if needed There are various other ways to bolster stimulus I don’t think Trump would More...

By Heather Bender On Tuesday, September 25th, 2018
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Out of fashion? H&M tests new store to get back in vogue

STOCKHOLM (Reuters) – Step into one of the more than 4,300 H&M (HMb.ST) budget fashion stores around the world and you often know what to expect: clothes racks crammed with tops, trousers and skirts More...

By Heather Bender On Tuesday, September 25th, 2018
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Italy leads gains as European equities open mixed

Italian stocks are helped by the upbeat rhetoric on the budget ForexLive Meanwhile, there’s a hint of flatness among other regional equities with S&P 500 futures also offering little direction on the More...

By Heather Bender On Tuesday, September 25th, 2018
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Germany August wholesale price index +0.3% vs 0.0% m/m prior

Latest data released by Destatis – 25 September 2018 Prior 0.0% Wholesale price index +3.8% vs +3.5% y/y prior ForexLive Slight delay in the release by the source. The index measures the value of sales More...

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