USD/JPY drops to new weekly low near 110.30 on broad-based USD weakness

US Pres. Trump criticizes Powell's policy decisions. US Dollar Index eases below the 96 mark. 10-year T-bond yield loses more than 1.5%. The USD/JPY pair extended its losses in the NA trading hours after the greenback continued to weaken on latest remarks from US President Trump. At th ...

GBP/USD: the pound is up, but broader trend dominates – Scotiabank

Analysts at Scotiabank noted that the pound is up vs the dollar.  Key Quotes: "EU Commissioner Moscovici remarked that it was not necessary to have a Brexit deal with the UK but also commented that the UK referendum could “in theory” be reversed." "A UK governmen ...

Japan: Above-potential growth cannot be sustained for much longer – ABN AMRO

"With the output gap already positive, how sustainable is above-potential growth? Not very, in our view," Bill Diviney, a senior economist at ABN AMRO, notes. Key quotes "After a strong 2017, growth has already slowed into 2018, with GDP falling -0.9% qoq annualised in Q1, driven b ...

EUR/JPY: August 14 high at 127.00 is first key resistance – Commerzbank

Analysts at Commerzbank noted that last week EUR/JPY came close to the May low at 124.62 around which we anticipate to see some stabilization.  Key Quotes: "The cross is still trying to bounce off the current August low at 124.91. Resistance above the August 14 high at 127.00 comes in a ...

Nigeria stocks lower at close of trade; NSE 30 down 0.40%

Investing.com – Nigeria stocks were lower after the close on Monday, as losses in the Banking, Food, Beverages&Tobacco and Oil&Gas sectors led shares lower. At the close in Lagos, the NSE 30 declined 0.40%. The best performers of the session on the NSE 30 were Skye Bank (LAGOS:SKYEBAN), ...

EUR/USD advances to fresh 10-day high above 1.1450 as DXY drops below 96

US Pres. Trump voices his displeasure about rate hikes. Fed's Bostic says they are worried about the flattening yield curve. US Dollar Index drops below 96 for the first time since Aug. 10. The EUR/USD pair gained traction in the last hour and rose to its highest level in ten days a ...

Dollar Down as Euro Finds Footing Despite Italy, Turkey Concerns

Investing.com - The dollar was unchanged against its rivals Monday after the euro pared losses as the bloc marked the end of Greece's bailout program, but concerns about Italy's public finances kept gains in check. The U.S. dollar index, which measures the greenback against a trade-weighted baske ...

Portugal stocks higher at close of trade; PSI 20 up 0.32%

Investing.com – Portugal stocks were higher after the close on Monday, as gains in the Financials, Consumer Services and Consumer Goods sectors led shares higher. At the close in Lisbon, the PSI 20 rose 0.32%. The best performers of the session on the PSI 20 were F.Rama (LS:RAMA), which rose 1.98% ...

EUR/GBP: plenty of risk fundamentals simmering away, meets hard resistance

  EUR/GBP has moved up through the 21-hr SMA at 0.8962. Currently, EUR/GBP is trading at 0.8960 having posted an overnight high of 0.8973 and a European low of 0.8939. A NO DEAL Brexit is becoming ever more likely. Turkey contagion risk sentiment seems to have been reduced. Markets ar ...