Robert Howard
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Articles by Robert Howard
RFID Can Help Hospitals Control High-cost Medication Inventories
By Robert Howard Hospitals are under growing pressure to manage increasingly complex and costly medication inventories. Specialty drugs, biologics, and other high-value therapies represent a significant and expanding share of pharmacy budgets, yet many health systems still lack real-time visibility into where these medications are stored, how they are being used, and whether they are being protected from loss or waste.
USD/CHF - Scales New One-Month Peak Before US PPI Data
• USD/CHF rises to 0.8380 EBS high before US Oct PPI data at 1330 GMT • 0.8380 is highest level since Oct 14 (0.8395 was EBS 17-month high that day) • PPI is forecast up 0.4% MM, 6.6% YY; core forecast up 0.3% MM, 5.0% YY • Hot data would be boost for Fed hawks, and might further inflate the dollar • USD/CHF bull targets include 0.84 and 0.8475 (EBS high in May 2025) • SNB set to maintain zero policy rate on Dec 10 (day after expected Fed hike) USDCHF (Robert Howard is a Reuters market analyst.
GBP/USD - Dips To One-Month Low Before US PPI Data
• Cable has traded a 22 pip range since the London open; 1.3220-1.3242 • 1.3220 is lowest level since Oct 15 (1.3223 was Thursday low) • US Oct PPI data due at 1330 GMT: up 0.4% MM forecast; core f/c 0.3% • Hot PPI would be boost for Fed hawks, and could further inflate dollar • GBP/USD bear targets include 1.3200 and 1.3137 (October's 11-month low) • Fed's Warsh to speak at public AI forum in San Francisco on Monday GBPUSD (Robert Howard is a Reuters market analyst.
GBP/USD - Respects 4-Week Low As UK Q3 GDP Matches Forecast
• Cable holds above 1.3251 after UK Q3 GDP growth matches 0.7% forecast • 1.3251 was four-week low in Asia, as USD index rose to 19-month high • 1.3459 was high 48 hours ago - before hot US CPI, hawkish Fed officials • Dollar zooms on bets US can withstand higher interest rates • There is a big 1.3250 option expiry for the New York cut • BoE's Greene says it is right to proactively tighten monetary policy stance - FT GBPUSD (Robert Howard is a Reuters market analyst.
GBP/USD - Weighed Down By Hawkish Shift In Fed Expectations
• Cable has traded a 22 pip range thus far Wednesday; 1.3333-1.3355 • Tuesday low was 1.3312, after USD rose on hot US CPI, hawkish Fed officials • Quarter-point Fed hike on Dec 9 is fully priced; 12% chance of 50 bps hike • 1.3312 is lowest level since Oct 29 (1.3299 was low that day) • Tuesday high was 1.3459, before dollar strengthened on Fed's Waller • Next BoE rate decision on Dec 17: markets see 66% chance of 25 bps hike GBPUSD (Robert Howard is a Reuters market analyst.
GBP/USD - Weighed Down By Risk Of 50 Bps Fed Hike In December
(adds space in 6th bullet) • Cable extends south to 1.3375 as risk of 50 bps Fed hike on Dec 9 buoys USD • Half-point hike risk prompted by hotter than expected US October CPI data • 1.3375 is intra-day low.
GBP/USD - Deflated By Hawkish Steer From Fed's Waller
• Cable falls to 1.3430 intra-day low as USD rises on hawkish steer from Waller • Fed's Waller plans to support at least a quarter-point rate rise in December • Waller: half-point hike may be needed on Dec 9 if Oct core CPI 0.3% or higher • US Oct CPI data is due at 1330 GMT; core CPI is forecast up 0.2% MM • 1.3459 was early London high for GBP/USD, courtesy of lower oil prices • UK is a net energy importer.
GBP/USD - Buoyed By Lower Oil Prices, Asian Stock Gains
• Cable rises to 1.3456 as pound benefits from lower oil prices, Asian equity gains • Nikkei up 2.87%; Kospi up 4.39% (GBP is risk-sensitive; UK is a net energy importer) • 1.3456 is high since Friday (1.3463 was high that day).
GBP/USD - Rises Towards 1.34 As Oil Prices Fall
• Cable hits 1.3392 after extending north from 1.3350 (Asian session low) • Ascent influenced by lower oil prices (UK is a net energy importer) • 1.3343 was Friday's one-week low, after dollar rose on robust US jobs data • 1.34 (former support point) is now a resistance level (1.3397 was Nov 3 low) • There is a large 1.3400 option expiry for the New York cut • CFTC data: net GBP short shrank 25% to 59,821 contracts in week to Nov 3 GBPUSD (Robert Howard is a Reuters market analyst.
AUD/USD - Slides To Seven-Month Low On Stock Losses
• AUD/USD falls to 0.6862 as stock losses weigh on risk-sensitive AUD • 0.6862 is lowest level since April 2 (0.6860 was low that day) • Nikkei and Kospi both fell 6% today; Nasdaq fell 5.5% on Thursday • AUD/USD was trading on 0.70 handle 24 hours ago (before AI rout) • 0.6900 (former support point) is now a resistance level • US jobs report due at 1330 GMT: Oct NFP f/c 65k; jobless rate f/c 4.2% AUDUSD (Robert Howard is a Reuters market analyst. The views expressed are his own)
GBP/USD - Respects Seven-Week Peak Before Expected BoE Hike
• Cable has traded a 27.9 pip range thus far Thursday; 1.3501 is intra-day high • 1.3501 is 1.5 pips shy of Wednesday's seven-week high • Rise to Wednesday high was fuelled by USD selling on midterm blue wave • Retreat from Wednesday high based 8 pips shy of 1.3447 (Monday high) • 1.3397-1.3432 was range on Tuesday (when America voted) • Vance repudiates Iran war. BoE rate hike to 4% expected at 1200 GMT GBPUSD (Robert Howard is a Reuters market analyst. The views expressed are his own)
AUD/USD - Rises To 0.70 On Risk Appetite Revival
• AUD/USD climbs to 0.7002 as stock rebound lifts risk-sensitive AUD • Nasdaq futures turn positive, having been down 2.3% at 0437 GMT • Nikkei ended down 1.4%, having been down 4.8% at one stage • 0.6955 was two-week low for AUD/USD in Asia, amid risk aversion • Tuesday high was 0.7003 - before AUD fell on dovish hike from RBA • Democrats seize Congress in sweeping midterm repudiation of Trump AUDUSD (Robert Howard is a Reuters market analyst. The views expressed are his own)
GBP/USD - Surfs Blue Wave To Seven-Week High
• Cable rises to 1.3474 as dollar weakens on blue wave in US • Democrats seize Congress in sweeping midterm repudiation of Trump • 1.3474 is highest level since Sept 16 (1.3493 was high that day) • UST yields lower. 1.3197-1.3232 was GBP/USD range on Tuesday • UK Oct final services PMI due at 0930 GMT; 53.1 forecast • BoE is expected to raise its policy rate by 25 bps to 4% on Thursday GBPUSD (Robert Howard is a Reuters market analyst. The views expressed are his own)
GBP/USD - On 1.34 Handle Before US Midterm Verdict
• Cable has traded a 26 pip range thus far Tuesday; 1.3397-1.3423 • 1.3397 is low water-mark since Monday's six-week high of 1.3447 • Trump faces midterm verdict with control of Congress at stake • Iran-US deal still out of reach, senior Iranian official tells Reuters • US-Iran tensions inflate oil prices: Brent, WTI up over $2 per barrel • BBC-European Commission, UK agree deal over British food exports to EU GBPUSD (Robert Howard is a Reuters market analyst. The views expressed are his own)
EUR/CHF - Hugs 0.92 After October's 3% Drop
• EUR/CHF has hugged 0.92 since November got underway • 0.91875-0.92135 is the EBS range since the European open • The base of that range is three pips above Friday's 17-week low • EUR/CHF fell 3% in October (0.9486 was EBS 17-month high on Sept 30) • Swiss Oct inflation data due Tuesday at 0730 GMT; CPI forecast at 1.3% • SNB is expected to keep its policy rate at zero next month (Dec 10) EURCHF (Robert Howard is a Reuters market analyst. The views expressed are his own)
EUR/CHF - Down 3% In October, To 17-Week Low
• EUR/CHF has fallen 3% since scaling a 17-month peak near 0.95 on Sept 30 • 0.9185 marks the EBS 17-week low for EUR/CHF today (Oct 30) • French fiscal concerns have rattled the euro since Oct 1 • 10-year French-German bond yield spread hit 15-year high in October • SNB made 11.6 billion franc profit from its foreign currency positions in Q3 • Swiss Oct inflation data due Tuesday (Nov 3); CPI forecast at 1.3% EURCHF (Robert Howard is a Reuters market analyst. The views expressed are his own)
AUD/USD - Maintains 0.70 Handle; RBA Event Risk Tuesday
• AUD/USD has traded a 24.5 pip range thus far Friday; 0.7018-0.70425 • Those parameters are within Thursday's 0.7015-0.7068 range • 0.7068 was five-week high (0.6895 was 15-week low last week) • CFTC data at 2030 GMT will show if net AUD short shrank in week to Oct 27 • Net AUD short hit all-time high of 127,292 contracts in week Oct 20 • Thirty out of 32 economists polled by Reuters expect RBA hike on Nov 3 AUDUSD (Robert Howard is a Reuters market analyst. The views expressed are his own)
GBP/USD - Helped To One-Week High By AI Jitters
• GBP/USD climbs to 1.3412 (one-week high) as AI jitters weigh on dollar • Stocks sink, bonds leap as AI giants' spending spooks investors • Prior AI jitters helped inflate cable to 1.3418 (five-week peak) last week • 1.3383 (Thursday high) is now a support point (1.3378 was Asia low) • Thursday low was 1.3299. Wednesday low was 1.3274 (pre-UK budget) • Binance freezes assets after $6.3 billion heist, crypto industry's biggest GBPUSD (Robert Howard is a Reuters market analyst.
EUR/GBP - Plumbs Fresh 18-Month Low After ECB Rate Hold
(removes link in 2nd bullet) • Euro dips after ECB rate hold, with EUR/GBP down to 0.8347 • 0.8347 is new 18-month low (0.8355 was low before ECB rate hold) • Bids likely around 0.8333 and 0.8300, including corporate interest • 0.8333 equates to GBP/EUR 1.20. Cross last at 0.8300 in March 2025 • News briefing from outgoing ECB chief Lagarde starts at 1345 GMT • BoE rate decision next week (Nov 5); 25 bps hike to 4% expected EURGBP (Robert Howard is a Reuters market analyst.
EUR/GBP - Respects 17-Month Low As Lagarde Exit News Digested
• EUR/GBP eyes 0.8361 (this week's 17-month low) as Lagarde exit news digested • European Central Bank chief Lagarde will step down from her role on Feb 7 • ECB rate hold expected at 1315 GMT; Lagarde briefing starts at 1345 GMT • Euro could weaken if Lagarde is relatively dovish; 0.8333 is EUR/GBP bear target • 0.8333 = GBP/EUR 1.20.
AUD/USD - Retreats From Five-Week Peak; US Data Ahead
• AUD/USD tests 0.7036 (ex-resistance level) after extending south from 0.7068 • 0.7036 was last week's high. 0.7068 was five-week high in Asia • Fed awaits 'accumulation of more information' • US Sept PCE and advance Q3 GDP data is due at 1230 GMT • Core PCE forecast up 0.3% MM, 3.1% YY. GDP forecast up 3.2% • RBA rate decision next week: markets see 83% chance of hike AUDUSD (Robert Howard is a Reuters market analyst. The views expressed are his own)
GBP/USD - On 1.33 Handle After Warsh Underwhelms Dollar Bulls
• Cable holds above 1.3300 after dollar's dip on relatively dovish Warsh • Two-year UST yields down to 4.68% in Asia vs 4.78% high Wednesday, pre-Fed • GBP/USD was sub-1.33 before Wednesday's low-key UK budget • US Sept core PCE data due at 1230 GMT; 0.3% MM, 3.1% YY forecast • Biggest market impact of US midterms may be 2028 countdown • Seven Fed policy meetings scheduled for 2027; six in 2028 (vs eight this year) GBPUSD (Robert Howard is a Reuters market analyst.
GBP/USD - Elicits Support From Low-Key UK Budget
• Cable nudges up to 1.3300 as pound benefits from low-key UK budget • 1.3300 is Ldn/NY session high. 1.3274-1.3295 was pre-budget range • UK doubles tax surcharge on banks to 6%. Fiscal headroom £15 billion • OBR says UK's economic and fiscal position remains very challenging • Fed rate hold expected at 1800 GMT; Warsh briefing starts 1830 GMT • Dollar might strengthen on a more hawkish-than-expected Fed hold GBPUSD (Robert Howard is a Reuters market analyst. The views expressed are his own)
AUD/USD - Scales Five-Week Peak On Hot Australian CPI Data
• AUD/USD jumped to 0.7055 in Asia on hot Australian Q3 CPI data • 0.7055 is highest level since Sept 23 (0.7056 is 200DMA) • Australian CPI data spurs hawkish shift in RBA rate expectations • Markets now see 88% chance of RBA rate hike next week (Nov 3) • AUD/NZD soared to 1.26 in Asia as kiwi sank on RBNZ rate hold shock • 1.26 is 13-year high. Fed rate hold expected at 1800 GMT AUDUSD (Robert Howard is a Reuters market analyst. The views expressed are his own)
GBP/USD - Sub-1.33 Before UK Budget, Fed Event Risks
• Cable falls to 1.3274, its lowest level since Oct 16, as oil prices rise • Britain is net energy importer; US is net energy exporter • 1.3300 (last week's low) is now a GBP/USD resistance level • UK finance minister Healey to unveil his first budget from 1230 GMT • Healey says he will help households by scrapping fixed gas charges • Fed rate hold expected at 1800 GMT; Warsh briefing starts 1830 GMT GBPUSD (Robert Howard is a Reuters market analyst. The views expressed are his own)
GBP/USD - Eyes One-Week Low; US Consumer Confidence Rises
• Cable dips towards 1.3308 ahead of the London fix (4pm GMT) • 1.3308 was one-week low during the London morning • Last week's low was 1.3300 (before rally to 1.3418, five-week high) • US Oct consumer confidence index 91.7 vs 81.0 forecast • Fed rate hold expected on Wednesday. UK budget on Wednesday too • US core PCE data due on Thursday. BoE rate hike expected next week GBPUSD (Robert Howard is a Reuters market analyst. The views expressed are his own)
AUD/USD - Maintains 0.70 Handle Before Australian CPI Data
• AUD/USD maintains 0.70 handle before Australian Q3 CPI data at 0030 GMT • Up 1.2% QQ, 3.9% YY forecast. Core forecast at 1.0% QQ, 3.6% YY • Hotter than expected data would raise risk of RBA rate rise next week • It might also inflate AUD/USD towards 0.71 (last at 0.71 on Sept 23) • Markets currently see 65% chance of RBA hike on Nov 3 • Two-day Fed meeting gets underway later; rate hold expected Wednesday AUDUSD (Robert Howard is a Reuters market analyst. The views expressed are his own)
GBP/USD - Drops To One-Week Low Before Fed Meeting Starts
• Cable falls to 1.3317 as dollar strengthens before two-day Fed meeting starts • 1.3317 is one-week low. Bids likely near 1.3300 (last week's low) • Oct 22 low of 1.3355 is now a resistance level (1.3346 was Asia high) • UK's minimum wage to rise nearly 4%, Times reports. UK budget on Wednesday • British Retail Consortium warns "dam is starting to break" on price rises • Bank of England is expected to raise its policy rate to 4% next week (Nov 5) GBPUSD (Robert Howard is a Reuters market analyst.
GBP/USD - Holds Sub-1.34 Ahead Of UK Budget
• Cable has traded a 28 pip range thus far Monday; 1.3360-1.3388 • 1.3388 was also the London and New York session high on Friday • Support levels include 1.3355 (Thursday low), 1.3335 and 1.3300 • Mindful of the markets, UK's Healey is set to deliver a careful budget Wednesday • CFTC data: net GBP short fell 20% from 9-year high to 80,420 in week to Oct 20 • Short-covering helped inflate GBP/USD from 1.3137 to 1.3418 (Oct 14-22) GBPUSD (Robert Howard is a Reuters market analyst.
GBP/USD - Holds Sub-1.34 As Oil Prices Rise, Again
• Cable has held below 1.34 since the London open, as oil prices rise again • Brent crude climbs to $114.72/barrel, its highest level since May 4 • US is net energy exporter; Britain is net energy importer • 1.3372 is intra-day low, after worse than expected UK retail sales data • Asian session base was 1.3388 (before UK retail sales data) • Pound rises to new 17-month high vs euro on UK PMI data beats GBPUSD (Robert Howard is a Reuters market analyst. The views expressed are his own)
GBP/USD - Dips On Worse Than Expected UK Retail Sales Data
• Cable dips to 1.3385 on worse than expected UK retail sales data • Down 0.4% in Sept vs minus 0.1% forecast. 1.3385 is intra-day low • Asian session range was 1.3388-1.3407 (pre-UK data) • There is a big 1.3400 option expiry for the 10am ET New York cut • 1.3355-1.3418 was Thursday range: 1.3418 is five-week high • UK Oct flash PMI data due at 0830 GMT; services PMI forecast at 51.8 GBPUSD (Robert Howard is a Reuters market analyst. The views expressed are his own)
EUR/GBP - Down To 17-Month Low On Hot UK CPI, French Bond Woe
• EUR/GBP falls to 0.8373, its lowest level since May 2025 • Pound benefits from hawkish BoE expectations after hot UK CPI data • BoE rate hike expected on Nov 5 (ECB rate hold expected next week) • Euro weighed down by French debt concerns, higher gas prices • 10-year French government bond yield rises to 5%, highest since 2002 • Pound set for biggest monthly gain against euro since May 2023 EURGBP (Robert Howard is a Reuters market analyst. The views expressed are his own)
GBP/USD - Rises As UK Jobless Rate Unexpectedly Falls
• Cable rises to 1.3352 as pound strengthens on UK jobless rate fall • 4.7% vs 4.9% previously. An increase to 5.0% was expected • Ex-bonus pay growth 3.7% vs 3.6% f/c. 1.3352 is high since Friday • 1.3306-1.3335 was Asia range (pre-UK data). 1.3300 was Monday low • Resistance levels include 1.3371 (Friday's three-week peak) and 1.34 • UK data underpins expectation for BoE rate hike to 4% on Nov 5 GBPUSD (Robert Howard is a Reuters market analyst. The views expressed are his own)
GBP/USD - Maintains 1.33 Handle After Position Adjustments
• Cable remains on 1.33 handle as it consolidates gains from 1.3137 • 1.3137 was 11-month low on Oct 14, before two cent+ rise on short-covering • 1.3371 was three-and-a-half week high for GBP/USD on Friday • CFTC data: net GBP short rose 9% to 106,964 contracts in week to Oct 13 • 106,964 is largest net GBP short position since March 2017 • GBP/EUR hit 17-month high in Asia, as euro fell on weekend violence in France GBPUSD (Robert Howard is a Reuters market analyst.
EUR/CHF - Holds Sub-0.93 As 10-Week Low Respected
• EUR/CHF elicits support at 0.9260 after extending south from 0.9334 • 0.9334 was Wednesday high. 0.9260 was EBS 10-week low on Oct 2 • Oct 2 low was plumbed as French fiscal concerns rattled the euro • 0.9486 was EBS 17-month high for EUR/CHF on Sept 30 • Franc-funded carry trades were very popular in Q3 (unwinds since then) • Stop-loss orders may be sheltering below 0.9250/60, and 0.9200 EURCHF (Robert Howard is a Reuters market analyst. The views expressed are his own)
GBP/USD - Helped To 3-1/2 Week High By Short-Covering
• Cable hits 1.3349 after extending north from 1.3137 (11-month low Wednesday) • 1.3349 is highest level since Sept 22 (1.3386 was the high that day) • Short-covering has aided the two-cent+ rise to 1.3349 • CFTC data showed net GBP short hit 14-week high in week to Oct 6 • Diminishing probability of Fed rate hike this month weighs on dollar • Probability of Oct 28 Fed hike is now 15% vs 50% (briefly) on Wednesday GBPUSD (Robert Howard is a Reuters market analyst. The views expressed are his own)
GBP/USD - Rises To 3-Week High As October Fed Hike Risk Falls
• Cable rises to 1.3325 as probability of October Fed hike declines on Warsh • 1.3325 is highest level since Sept 23 (1.3345 was the high that day) • Warsh made no comment on hot US CPI, PPI data when he spoke in Bangkok • Probability of Fed hike on Oct 28 is now 15% vs 50% (briefly) on Wednesday • Short-covering aids rise to 1.3325, from 11-month low of 1.3137 Wednesday • CFTC data at 1930 GMT to show if net GBP short rose again pre-US CPI GBPUSD (Robert Howard is a Reuters market analyst.
GBP/USD - Climbs To October Peak As AI Wobbles Impact Dollar
• Cable rises to 1.3309 as AI wobbles rock the dollar • 1.3309 is highest level since Sept 30 (1.3311 was the high that day) • Wednesday's low was 1.3137 - before USD fell on AI debt concerns • Fed's Warsh sees economic tailwinds, mum on rate-path view • BoE's Bailey sees "quite subdued" second-round price pressures so far • Guardian-UK's Healey poised to raise taxes on banks in Oct 28 budget GBPUSD (Robert Howard is a Reuters market analyst. The views expressed are his own)
AUD/USD - Drops To One-Week Low As Oz Employment Falls
• AUD/USD falls to 0.6937 as AUD weakens on soft Australian jobs data • 0.6937 is the lowest level since Oct 8 (0.6933 was low that day) • Australian employment fell by 39,300 in Sept vs forecast 20k increase • Unexpectedly negative number slashes chances of RBA hike in Nov/Dec • 0.6979 was AUD/USD high in Asia (before the Australian jobs data) • Bids likely near 0.6900 (0.6904 was 13-week low on Oct 1) AUDUSD (Robert Howard is a Reuters market analyst. The views expressed are his own)
GBP/USD - Bulls Can't Bank On Four BoE Hikes
Oct 14 (Reuters) - - When the Bank of England's most hawkish "internal" Monetary Policy Committee (MPC) member conveys dovish guidance on interest rates, traders should take note. BoE chief economist Huw Pill said on Wednesday he's sceptical about market pricing four quarter-point rate hikes, to 4.75%, by Britain's central bank over the next year. Pill wanted the BoE to raise rates to 4% in September, as did hawkish "external" MPC members Megan Greene and Catherine Mann.
AUD/USD - Above 0.70 For The First Time In Two Weeks
• AUD/USD rises to 0.7006, its highest level since Sept 29 • USD weighed down by dovish guidance from Fed's Williams • Williams sees no need for Fed rate hike in 2027, Bloomberg News reports • US Sept CPI data due at 1230 GMT; core CPI f/c at 0.2% MM, 2.5% YY • Cooler CPI data could weigh on USD, while hotter prints might lift it • Australian jobs data due at 0030 GMT; +20k f/c. Jobless rate f/c 4.6% AUDUSD (Robert Howard is a Reuters market analyst. The views expressed are his own)
GBP/USD - Buoyed By Dovish Steer From Williams; US CPI Looms
• Cable rose to 1.3275 in Asia as dovish steer from Williams weighed on dollar • Fed's Williams sees no need for rate hike in 2027, Bloomberg News reports • 1.3275 is one-week high.
GBP/USD - Maintains 1.32 Handle; IMF Guidance Digested
• Cable has traded a 24 pip range thus far Tuesday; 1.3205-1.3229 • Monday range was 1.3202-1.3261 (high before low) • 1.3206-1.3250 was Friday range (last below 1.32 on Thursday) • Britain needs to keep deficit reduction on track, IMF says • UK PM Burnham hopes for EU deal next month, stirs Brexit debate • Pound rose to new 16-month high vs euro on Monday; 1.1841 GBPUSD (Robert Howard is a Reuters market analyst. The views expressed are his own)
AUD/USD - Respects 0.70 Resistance Level
• AUD/USD has traded a 24 pip range thus far Monday; 0.6971-0.6995 • 0.6995 is highest level since Sept 30 (0.6995 was also the high that day) • CFTC data: net AUD short rose 55% to 98,588 contracts in week to Oct 6 • 98,588 contracts is largest net AUD short position since August 2025 • Minutes from September's RBA meeting will be published on Tuesday • Australia's bond market notches record sales in 2026, data from CBA shows AUDUSD (Robert Howard is a Reuters market analyst.
GBP/USD - Elicits Support From Lower Oil Prices
• Cable rises to 1.3261, its highest level since Oct 7 • Ascent aided by lower oil prices (UK is a net energy importer) • Asian session high was 1.3252. Friday's range was 1.3206-1.3250 • CFTC data: net GBP short rose 7% to 97,611 contracts in week to Oct 5 • 97,611 contracts is largest net GBP short position since June • The Guardian-Burnham to urge MPs to embrace closer ties with EU GBPUSD (Robert Howard is a Reuters market analyst. The views expressed are his own)
EUR/GBP - Holds Below 0.85 After Fall To 16-Month Low
• EUR/GBP has traded a 10 pip range since the European open; 0.8473-0.8483 • 0.8483 is also the high since Wednesday's 16-month low of 0.8449 • Thursday high was 0.8481. 0.85 (ex-support point) is now a resistance level • UK PM Burnham's Labour fends off Greens in Holborn by-election • Snap UK general election? It might suit Burnham, but not pound • French student protesters vow to keep up their fight after scoring first win EURGBP (Robert Howard is a Reuters market analyst.
AUD/USD - Eyes October High; CFTC Data In Pipeline
• AUD/USD rises to eye 0.6990 as US dollar eases on Trump guidance • Trump says US will not attack Iran before midterm elections on Nov 3 • 0.6990 is October high-to-date (on Tuesday). 0.6995 was Sept 30 high • CFTC data at 1930 GMT will show if net AUD short rose again in week to Oct 6 • Net AUD short hit nine-month high of 63,239 contracts in week to Sept 29 • RBA meeting minutes, Australian employment data due next week AUDUSD (Robert Howard is a Reuters market analyst.
GBP/USD - Elicits Support From Trump's Iran War Guidance
• Cable rises to 1.3250 as oil prices fall on Trump's Iran war guidance • Trump says US will not attack Iran before midterm elections on Nov 3 • 1.3185 was one-week low on Thursday, as oil prices rose • US is a net energy exporter; Britain is a net energy importer • Pimco's CIO says 10-year UST yield could rise to 6% for first time since 2000 • UK PM Burnham's Labour fends off Greens in Holborn by-election GBPUSD (Robert Howard is a Reuters market analyst. The views expressed are his own)
AUD/USD - Remains On 0.69 Handle
• AUD/USD has traded on a 0.69 handle for more than a week • The traded range since Sept 30 is 0.6904-0.6995 • 0.6904 is 13-week low (on Oct 1); 0.6990 is subsequent high (Tuesday) • Fed policymakers divided over rate-hike logic in September, minutes show • Minutes from September's RBA meeting will be published next week • Fed rate hold expected on Oct 28; RBA rate hold expected on Nov 3 AUDUSD (Robert Howard is a Reuters market analyst. The views expressed are his own)
GBP/USD - Weighed Down By Higher Oil Prices
• Cable drops to test 1.3194 (Wednesday low) as oil prices rise • US is a net energy exporter; Britain is a net energy importer • 1.3182 was 14-week low for GBP/USD last week (Oct 1) • Oct 1 low was respected last Friday (Oct 2), and on Monday • Fed policymakers divided over rate-hike logic in September, minutes show • PM Burnham's Labour Party faces challenge from Greens in Starmer's old seat GBPUSD (Robert Howard is a Reuters market analyst. The views expressed are his own)
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