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Traders increase BoE rate cut bets with the December meeting now seen as live
Traders increase BoE rate cut bets with the December meeting now seen as live
The soft UK CPI report triggered a dovish repricing in interest rate expectations for the BoE
Eurostoxx futures -0.3% in early European trading
Eurostoxx futures -0.3% in early European trading
A more tepid mood set to greet European traders today
FX option expiries for 22 October 10am New York cut
FX option expiries for 22 October 10am New York cut
A look at what is on the board for today
Options
Forex
BOJ still poised to raise interest rates in Q4 this year - poll
BOJ still poised to raise interest rates in Q4 this year - poll
The findings from Reuters' latest poll on the BOJ for the month of October
NZD/USD Price Forecast: Steadies around 0.5740 as traders await a catalyst
NZD/USD Price Forecast: Steadies around 0.5740 as traders await a catalyst
The New Zealand Dollar recovers some ground as Wednesday’s Asian session begins, yet it remains hoovering at around 0.5740 for the third straight day, below the 20-day Simple Moving Average (SMA).
Technical Analysis
NZDUSD
Currencies
EUR/USD slips toward 1.16 as Dollar strengthens on easing US–China tensions
EUR/USD slips toward 1.16 as Dollar strengthens on easing US–China tensions
EUR/USD falls during the North American session, edges lower 0.31% as the Greenback remains bid as a sign of relief as US President Trump tempers his rhetoric on China. The pair trades at 1.1599 after reaching a high of 1.1655.
EURUSD
Fundamental Analysis
Technical Analysis
Majors
Gold plummets over 5% in biggest drop since 2020
Gold plummets over 5% in biggest drop since 2020
Gold plummets more than 5.50% on Tuesday as traders seem to book profits ahead of the release of September’s Consumer Price Index (CPI) data in the US, and the Greenback recovers some ground. XAU/USD trades at $4,114 after diving from a daily high of $4,375.
Gold
XAUUSD
Fundamental Analysis
Technical Analysis
SEO
AUD/USD Price Forecast: Rangebound with bearish bias intact below key SMAs
AUD/USD Price Forecast: Rangebound with bearish bias intact below key SMAs
The Australian Dollar (AUD) trades on the back foot against the US Dollar (USD) on Tuesday, weighed down by broad-based Greenback strength amid cautious optimism that the US-China trade conflict could ease.
AUDCAD
Technical Analysis
SupportResistance
RelativeStrength
UK Chancellor aims to support BoE rate-cut path
UK Chancellor aims to support BoE rate-cut path
Reeves outlines budget plans to ease inflation and household costs
EURUSD Technicals: The EURUSD holds below the 200 hour MA keeping the sellers in control
EURUSD Technicals: The EURUSD holds below the 200 hour MA keeping the sellers in control
The 200 hour MA is at 1.1623 and the correction in the EURUSD during the US session stayed below that MA level, keeping the sellers in firm control
GBP/USD slips as US Dollar rebounds, traders await UK and US CPI data
GBP/USD slips as US Dollar rebounds, traders await UK and US CPI data
GBP/USD tumbles during the North American session on Tuesday, down over 0.17% as the Greenback stages a recovery, hitting a three-day high, according to the US Dollar Index (DXY). At the time of writing, the pair trades at 1.3384 after reaching a high of 1.3417.
GBPUSD
Fundamental Analysis
Technical Analysis
Majors
Currencies
USDJPY bounces off the 200 hour MA.  Buyers remain in control.
USDJPY bounces off the 200 hour MA. Buyers remain in control.
The 200 hour MA comes in at 151.48. The topside today stalled at a swing level at 152.11. The targets for buyers and sellers are established.
JPY
USD
USDCAD Technicals: The USDCAD has moved down and below hourly MAs
USDCAD Technicals: The USDCAD has moved down and below hourly MAs
Can the sellers keep the momentum going after the USDCAD sells off after higher CPI data?
The USD is higher to kickstart the NA session. The USDJPY is the biggest mover
The USD is higher to kickstart the NA session. The USDJPY is the biggest mover
Japan's LDP leader Takaichi secured enough votes to assume the role of PM and the first female PM in the country.
JPY
USD
Gold sinks as trade optimism and US Dollar strength fuel broad profit taking
Gold sinks as trade optimism and US Dollar strength fuel broad profit taking
Gold (XAU/USD) drifts lower on Tuesday after retesting its record high near $4,380 on Monday. The pullback comes as the US Dollar (USD) extends its recovery gains and traders lock in profits following an overextended rally.
XAUUSD
Gold
SEO
Technical Analysis
TradeWar
Gold Price Forecast: XAU/USD corrects lower, approaching $4,200 area
Gold Price Forecast: XAU/USD corrects lower, approaching $4,200 area
Gold was rejected at the $4,380 area for the second time on Monday, and the precious metal has lost more than $100 on Tuesday, reverting the previous day’s gains, with precious metals hammered by an improving market sentiment and a stronger US Dollar.US President Trump calmed markets on Monday, anno
Gold
XAUUSD
Metals
Technical Analysis
NZD/USD Price Forecasts: Kiwi is testing support at the 0.5700 area
NZD/USD Price Forecasts: Kiwi is testing support at the 0.5700 area
New Zealand Dollar’s rejection at the 0.5750-0.5760 resistance area on Monday has reactivated bearish pressure on the pair, pushing prices to the bottom of last week’s trading range, right above 0.5700, which is being tested at the moment.Positive comments from US President Trump, who showed hopes o
NZDUSD
Technical Analysis
Currencies
Majors
USD/CNH: Likely trade between 7.1190 and 7.1300 – UOB Group
USD/CNH: Likely trade between 7.1190 and 7.1300 – UOB Group
US Dollar (USD) could trade in a range, likely between 7.1190 and 7.1300. In the longer run, USD could drop to 7.1130; a clear break below this level will shift the focus to 7.1000, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Banks
Technical Analysis
USDCNH
NZD/USD is neutral for now – UOB Group
NZD/USD is neutral for now – UOB Group
The outlook for New Zealand Dollar (NZD) is neutral now, and it is likely to trade in a range between 0.5685 and 0.5770, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
NZDUSD
Banks
Technical Analysis
AUD/USD: Expected to trade in a sideways range of 0.6445/0.6555 – UOB Group
AUD/USD: Expected to trade in a sideways range of 0.6445/0.6555 – UOB Group
Australian Dollar (AUD) is facing mild upward pressure and may edge higher to 0.6530; it is unlikely to break clearly above this level. In the longer run, for the time being, AUD is expected to trade in a sideways range of 0.6445/0.6555, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
AUDUSD
Technical Analysis
Banks
USD/JPY holds above 150 for now – ING
USD/JPY holds above 150 for now – ING
The Japanese Yen (JPY) remains under pressure this week as investors unwind safe-haven positions amid easing U.S. market concerns.
USDJPY
Banks
Technical Analysis
Japan
BOJ
USD: Credit concerns keep easing – ING
USD: Credit concerns keep easing – ING
FX volatility has moderated at the start of this week, with US equities extending the rebound on eased credit market concerns, ING's FX analyst Francesco Pesole notes.
DollarIndex
Banks
Technical Analysis
USD: Concerns about an armed conflict are growing in Latin America – Commerzbank
USD: Concerns about an armed conflict are growing in Latin America – Commerzbank
On Sunday evening, one of the many conflicts currently involving the US President escalated with Colombia. A few weeks ago, the Colombian president's US visa was revoked.
DollarIndex
Banks
Technical Analysis
GBP/USD: Above 1.3475, GBP could rise further to 1.3505 – UOB Group
GBP/USD: Above 1.3475, GBP could rise further to 1.3505 – UOB Group
Pound Sterling (GBP) is likely to trade in a range between 1.3385 and 1.3435. In the longer run, if GBP breaks clearly above 1.3475, it could rise further to 1.3505, potentially testing 1.3530, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
GBPUSD
Technical Analysis
Banks
EUR: Eyes back on 1.160 – ING
EUR: Eyes back on 1.160 – ING
EUR/USD remains almost entirely driven by US credit/equity sentiment: here, further stabilisation could take EUR/USD all the way to 1.160. Levels below that will be harder to justify unless the US CPI on Friday comes in hotter than expected, ING's FX analyst Francesco Pesole notes.
EURUSD
Banks
Technical Analysis
EUR/USD: Likely to edge lower within a range of 1.1580/1.1690 – UOB Group
EUR/USD: Likely to edge lower within a range of 1.1580/1.1690 – UOB Group
Softer underlying tone suggests Euro (EUR) is likely to edge lower within a range of 1.1625/1.1660. In the longer run, the current price movements are likely part of a 1.1580/1.1690 range-trading phase, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
EURUSD
Banks
JPY: Different, different but same – Commerzbank
JPY: Different, different but same – Commerzbank
After a brief period of uncertainty, Sanae Takaichi was elected as Japan's first female prime minister early this morning. After she was elected chair of the LDP in early October, this seemed to be a foregone conclusion.
USDJPY
Banks
Japan
BOJ
Technical Analysis
CAD: Inflation figures shouldn't change the picture – ING
CAD: Inflation figures shouldn't change the picture – ING
Canada releases inflation figures for September today. Headline CPI should have rebounded above 2.0%, but that won’t matter too much for the Bank of Canada as long as core measures (trim and median) remain anchored around 3.0%.
USDCAD
Banks
Technical Analysis
BOC
Canada
Change
Heads up: ECB president Lagarde to speak later today
Heads up: ECB president Lagarde to speak later today
She's not likely to touch on anything related to monetary policy though
EUR/USD dives to fresh weekly lows with ECB speakers on focus
EUR/USD dives to fresh weekly lows with ECB speakers on focus
EUR/USD has retraced previous gains on Wednesday, to extend its decline to one-week lows below 1.1600, trading at 1.1586 at the time of writing.
EURUSD
Majors
Macroeconomics
Technical Analysis
SEO
Gold Technical Analysis: Double top or just a pullback?
Gold Technical Analysis: Double top or just a pullback?
Gold erased Friday's losses and extended the rally into yet another all-time high. What's next?
European indices hold lightly changed at the open today
European indices hold lightly changed at the open today
A more tepid and tentative mood greets European traders to start the session
EUR/JPY Price Forecast: Hovers around 176.00 after rebounding from confluence support zone
EUR/JPY Price Forecast: Hovers around 176.00 after rebounding from confluence support zone
EUR/JPY halts its four-day losing streak, trading around 176.00 during the European hours on Tuesday. The technical analysis of the daily chart indicates an ongoing bullish bias as the currency cross is positioned within the ascending channel pattern.
EURJPY
Crosses
Technical Analysis
Eurostoxx futures -0.1% in early European trading
Eurostoxx futures -0.1% in early European trading
A more tepid mood after the gains yesterday
FX option expiries for 21 October 10am New York cut
FX option expiries for 21 October 10am New York cut
A look at what is on the board for today
Options
Forex
AUD/JPY Price Forecast: Remains firm above 98.00, Takaichi wins majority in Lower House
AUD/JPY Price Forecast: Remains firm above 98.00, Takaichi wins majority in Lower House
The AUD/JPY cross trades in positive territory near 98.25 during the early European session on Tuesday. The Japanese Yen (JPY) edges lower against the Australian Dollar (AUD) as the dovish Sanae Takaichi is poised to become the first female Prime Minister.
AUDJPY
Technical Analysis
Crosses
PBOC sets USD/ CNY mid-point today at 7.0930 (vs. estimate at 7.1219)
PBOC sets USD/ CNY mid-point today at 7.0930 (vs. estimate at 7.1219)
PBOC CNY reference rate setting for the trading session ahead.
CNY
CNH
pboc
South Korean exports fall 7.8% in October, fuelling bets on a November BOK rate cut
South Korean exports fall 7.8% in October, fuelling bets on a November BOK rate cut
South Korea's exports fell 7.8% in early October, and while this weak data has cemented expectations for a Bank of Korea rate cut in November, the bank is expected to hold rates steady this week.
PBOC is expected to set the USD/CNY reference rate at 7.1219 – Reuters model estimate
PBOC is expected to set the USD/CNY reference rate at 7.1219 – Reuters model estimate
PBOC CNY reference rate setting for the trading session ahead.
CNY
CNH
pboc
USD/JPY Price Forecast: Subdued at around 150.00
USD/JPY Price Forecast: Subdued at around 150.00
The USD/JPY holds firm on Monday, hovering around 150.60 amid a risk-on environment amid the Fed blackout period and the lack of US data, due to the government shutdown. The lack of market moving comments by US President Donald Trump, could keep the pair trading at familiar levels.
Technical Analysis
USDJPY
Currencies
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