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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 0920 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 latest policy steps to boost demand and as robust U.S. economic data this week continued to bolster investor sentiment.
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Dollar rides 'Trump trade' toward third weekly gain

FOREX-Dollar rides 'Trump trade' toward third weekly gain Dollar steady on US economic resilience, euro sags Chinese yuan eyes further stimulus details Bitcoin gains on 'Trump trade' Updates throughout; refreshes prices at 0906 GMT By Tom Westbrook and Amanda Cooper SINGAPORE/LONDON, Oct 18 (Reuters) - The dollar was 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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Where the dollar closes this week is key

REFILE-BUZZ-COMMENT-Where the dollar closes this week is key Added missing word "level" to first sentence Oct 18 (Reuters) - The direction of the U.S. dollar next week could depend on where it finishes relative to a broken technical level this week. The dollar was 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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Cheap USD/JPY options to hedge major event risks

BUZZ-COMMENT-Cheap USD/JPY options to hedge major event risks Oct 18 (Reuters) - A lack of FX realised volatility has reduced the price of USD/JPY option premiums, which are almost screaming value ahead of some major event risks. FX options thrive on FX volatility, which is an unknown quantity but a key parameter for the premium. Dealers therefore use implied volatility, which is basically their best guess.
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Speculators praying for Japanese FX intervention

BUZZ-COMMENT-Speculators praying for Japanese FX intervention Oct 18 (Reuters) - Traders who have sold short USD/JPY will be praying that recent warnings about a one-sided yen move are not just hot air, but actually result in an intervention that may save them from bigger losses. Traders are definitely losing as the rise from 139.58 on Sept. 16 has gone beyond the 149.40 recovery peak, traded after the Japanese central bank tweaked policy in July, to reach 150.32 this month.
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