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Sterling caught between its 10-DMA and big-figure support at 1.30

BUZZ-COMMENT-Sterling caught between its 10-DMA and big-figure support at 1.30 Sterling continued to tread cautiously around 1.30, trading between its falling 10-DMA at 1.3052 and recent lows near 1.30, with upcoming BoE commentary and U.S. election betting likely to drive cable in the near term. Dollar-friendly Trump trades have been on the rise amid poll gains by former President Donald Trump.
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What matters now is that traders have covered shorts

BUZZ-COMMENT-What matters now is that traders have covered shorts Oct 21 (Reuters) - How traders are positioned is a crucial factor influencing the direction of currencies and what matters now is that traders have covered shorts, boosting the dollar's value ahead of series of interest rate cuts that may bring it back down. The big dollar short totalled over $17 billion when the Federal Reserve cut interest rates in September.
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World stocks start week on back foot, but gold, bitcoin shine

GLOBAL MARKETS-World stocks start week on back foot, but gold, bitcoin shine World stocks flat, earnings in focus Gold at new record highs Trump trades briefly push bitcoin to highest since July Gold at record high, silver hits 12-year peak Updated at 1143 GMT By Medha Singh and Rae Wee LONDON Oct 21 (Reuters) - Global stocks kicked off the week on a the back foot on Monday, after strong gains last week, while increasing bets on Donald Trump winning the looming U.S.
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Strong U.S. economy and 'Trump trades' boost dollar

FOREX-Strong U.S. economy and 'Trump trades' boost dollar Updates at 1125 GMT By Vidya Ranganathan and Harry Robertson SINGAPORE/LONDON, Oct 21 (Reuters) - The dollar climbed on Monday and cryptocurrency bitcoin hit a three-month high as a rise in U.S. bond yields and the looming presidential election continued to impact markets. Currency moves last week were driven by the European Central Bank's dovish rate cut and strong U.S.
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Sterling dips as US dollar rides economy higher

Sterling dips as US dollar rides economy higher LONDON, Oct 21 (Reuters) - The pound fell on Monday as investors focused on the relative strength of the U.S. economy, pushing up the dollar. Sterling GBP=D3 was last down 0.2% at $1.3023, just above Thursday's two-month low of $1.2975. The euro EURGBP=D3 was up 0.1% at 83.35 pence, although it remained near its lowest level in 2-1/2 years against Britain's currency.
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Tepid start to week for world stocks, but gold, bitcoin shine

GLOBAL MARKETS-Tepid start to week for world stocks, but gold, bitcoin shine World stocks flat, earnings in focus Gold at new record highs Trump trades briefly push bitcoin to highest since July Updates at 0809 GMT By Medha Singh and Rae Wee LONDON Oct 21 (Reuters) - Global stocks kicked off the week on a tepid note on Monday, after strong gains last week, while increasing bets on Donald Trump winning the looming U.S.
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Strong U.S. economy and 'Trump trades' boost dollar

FOREX-Strong U.S. economy and 'Trump trades' boost dollar Updates at 0810 GMT By Vidya Ranganathan and Harry Robertson SINGAPORE/LONDON, Oct 21 (Reuters) - T he dollar climbed on Monday and c ryptocurrency bitcoin hit a three-month high a s a rise in U.S. bond yields and the looming Presidential election continued to impact markets. Currency moves last week were driven by the European Central Bank's dovish rate cut and strong U.S.
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Rise of safer assets may concern FX traders

REFILE-BUZZ-COMMENT-Rise of safer assets may concern FX traders Adds chart Oct 18 (Reuters) - The rise of safer assets may concern traders who might position for the risk aversion that gains for these assets implies. Gold, which has risen over $900/oz in the past year, certainly reflects heightened demand for an asset that has continued to rise even though the inflation that once supported it has dissipated.
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Asia shares wobble while bitcoin and gold rally

GLOBAL MARKETS-Asia shares wobble while bitcoin and gold rally Updates at 0500 GMT By Rae Wee SINGAPORE, Oct 21 (Reuters) - Asia shares dipped in and out of positive territory on Monday, under pressure from weakness in Hong Kong stocks, but bitcoin BTC= scaled a three-month peak as "Trump trades" continued to ramp up. Gold XAU= hit another record high, as global uncertainty over conflict in the Middle East and an extremely close U.S.
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'Trump trade' and yields keep dollar supported

FOREX-'Trump trade' and yields keep dollar supported Updates prices By Vidya Ranganathan SINGAPORE, Oct 21 (Reuters) - Cryptocurrency bitcoin hit a three-month high in early trading on Monday and the dollar looked set to extend its gains in markets counting down to the U.S. presidential election in two weeks. Election polls that show rising odds of former President Donald Trump winning the Nov.
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Asia shares wobble; bitcoin rallies on 'Trump trade'

GLOBAL MARKETS-Asia shares wobble; bitcoin rallies on 'Trump trade' By Rae Wee SINGAPORE, Oct 21 (Reuters) - Asia shares dipped in and out of positive territory on Monday, under pressure from weakness in Chinese stocks, but bitcoin BTC= scaled a three-month peak as "Trump trades" continued to ramp up. Gold XAU= hit another record high on conflict in the Middle East and an extremely close U.S.
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Bitcoin at 3-month high as Trump odds drive currencies

FOREX-Bitcoin at 3-month high as Trump odds drive currencies SINGAPORE, Oct 21 (Reuters) - Cryptocurrency bitcoin hit a three-month high in early Asia trading on Monday and the dollar looked set to extend its gains in markets counting down to the U.S. presidential election in two weeks. Election polls show rising odds of former President Donald Trump winning the Nov.
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US dollar rally pauses, but uptrend intact; set for 3rd weekly gain

FOREX-US dollar rally pauses, but uptrend intact; set for 3rd weekly gain Dollar index on track for best month since February 2023 US housing starts fall in September Chinese yuan eyes further stimulus details Bitcoin gains on 'Trump trade' Adds new comment, graphic, updates prices By Gertrude Chavez-Dreyfuss NEW YORK, Oct 18 (Reuters) - The U.S. dollar fell on Friday, taking a breather after five straight days of gains, as risk appetite increased following yet another round of stimulus measures
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US recap: EUR/USD trims weekly loss as dollar gives way

BUZZ-COMMENT-US recap: EUR/USD trims weekly loss as dollar gives way Oct 18 (Reuters) - The dollar fell on Friday amid profit-taking ahead of the weekend and investor optimism about U.S. corporate earnings and China stimulus efforts. In U.S. data, single-family home building surged to a five-month high though building permits rose only marginally.
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Narrow ranges beginning to take shape for GBP/USD

BUZZ-COMMENT-Narrow ranges beginning to take shape for GBP/USD Oct 18 (Reuters) - After a sizeable rebound, the dollar rally is beginning to peter out around the 200-day MA (103.78) and with the index in overbought territory – according to the 14-day RSI – FX may begin to consolidate ahead of the U.S. election, perhaps offering sterling some respite.
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US dollar falls as risk appetite rises after China; but set for 3rd weekly gain

FOREX-US dollar falls as risk appetite rises after China; but set for 3rd weekly gain Dollar index on track for best month since April 2022 US housing starts fall Chinese yuan eyes further stimulus details Bitcoin gains on 'Trump trade' Recasts, adds new comment, byline, NEW YORK dateline, FX table, updates prices By Gertrude Chavez-Dreyfuss and Amanda Cooper NEW YORK/LONDON, Oct 18 (Reuters) - The U.S.
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FX options wrap - Pricing FX calm before US election storm

BUZZ-FX options wrap - Pricing FX calm before US election storm Price action in FX options reinforces the outlook that there's little to excite FX markets before the U.S. election, but plenty of risks to hedge in its wake. The recent/current lack of FX realised volatility is weighing on implied volatility, especially for options that expire prior to the U.S.
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Dollar set for third weekly gain as 'Trump trade' gathers pace

FOREX-Dollar set for third weekly gain as 'Trump trade' gathers pace Dollar steady on US economic resilience, euro sags Chinese yuan eyes further stimulus details Bitcoin gains on 'Trump trade' Updates prices at 1135 GMT By Tom Westbrook and Amanda Cooper SINGAPORE/LONDON, Oct 18 (Reuters) - The dollar headed for its third weekly gain in a row on Friday, helped by a dovish European Central Bank and strong U.S.
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Global stocks up after China shares rally, gold at all-time high

GLOBAL MARKETS-Global stocks up after China shares rally, gold at all-time high Updates at 1120 GMT By Iain Withers and Kevin Buckland LONDON/TOKYO, Oct 18 (Reuters) - Global shares edged higher on Friday, spurred by a rally in Chinese stocks on Beijing's latest policy steps to boost demand and also supported by robust U.S. economic data out this week .
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BoE speakers in focus after dovish turn in data

BUZZ-COMMENT-BoE speakers in focus after dovish turn in data Oct 18 (Reuters) - In the wake of softer inflationary pressures from the latest UK data, markets have grown receptive to the view that the Bank of England will follow in the footsteps of other central banks by easing policy rates at a faster pace. With a November cut having been near fully priced in prior to the data, the needle mover was the pricing for December, which now stands at 68% from 33%.
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