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 41 mins ago
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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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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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...

By Heather Bender On Tuesday, September 25th, 2018
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Heads up for BOJ governor Kuroda to speak at the bottom of the hour

Bank of Japan Haruhiko Kuroda is due to speak at 0530 GMT ForexLive Eamonn also had a primer to this earlier here. Kuroda is to speak at a business leaders’ meeting in Osaka. There’s no time given More...

By Heather Bender On Tuesday, September 25th, 2018
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China says that talks with US cannot take place under threats and pressure

Comments by senior Chinese diplomat, Wang Yi US-China confrontation means both sides lose Talks with US should be based on equality, sincerity China is willing to resolve trade imbalance with US via dialogue China More...

By Heather Bender On Tuesday, September 25th, 2018
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ForexLive Asia FX news wrap: USD/CHF continued its climb

Forex and Bitcoin news for Asia trading Tuesday 25 September 2018 There was a bit of USD strength nearly across the board here in Asia today. Overnight trade had seen USD/CHF testing 0.9650 and that broker More...

By Heather Bender On Tuesday, September 25th, 2018
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China comments on trade issues

Comments from both the Ministry of Commerce and the State planner (NDRC) China vice commerce minister Says US stands to gain more from Sino-US trade China willing to promote Sino-US trade in a fairer fashion, More...

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