











Show:

GBP/USD may decline toward 1.3400 - UOB Group
Pound Sterling (GBP) may decline toward 1.3400; a clear break below this level appears unlikely. In the longer run, GBP is likely to trade in a range between 1.3360 and 1.3525, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

DXY: 2-way trades on the daily chart - OCBC
There are still no Federal data releases due to US government shutdown. This puts emphasis on private sector data and Fedspeaks. DXY last seen at 98.43 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.

Eurozone Retail Sales rise 1% YoY in August vs. 2.1% previous
The Eurozone's Retail Sales rose 1% year-over-year in August, following a revised 2.1% increase in July, according to official data released by Eurostat on Monday.

EUR/USD dives as France Prime Minister resigns unexpectedly
The Euro is plunging across the board on Monday, following news that France's Prime Minister, Sébastien Lecornu, resigned. EUR/USD has sliced through the 1.1700 area and is approaching one-month lows at 1.1645 at the time of writing.

EUR/GBP Price Forecast: Euro plunges below 0.8690 on Lecornu's resignation
The Euro has extended its reversal from Friday's highs at 0.8730 to levels below the 0.8690 support area.

AUD/USD struggles around 0.6600 as US Dollar trades firmly
The AUD/USD pair struggles to extend its upside above the key resistance of 0.6615 during the European trading session on Monday. Earlier in the day, the Aussie pair recovered sharply after a weak opening near 0.6585.

Eurozone Sentix Investor Confidence Index improves to -5.4 in October vs. -9.2 previous
The Eurozone Sentix Investor Confidence Index rose to -5.4 in October following September's -9.2, the latest survey showed on Monday.

Pound Sterling declines against US Dollar despite partial US government shutdown
The Pound Sterling (GBP) trades 0.3% lower to near 1.3440 against the US Dollar (USD) during the European trading session on Monday.

ECB's Lane: Shifts in risk distribution matter for rate decisions
European Central Bank (ECB) Chief Economist Philip Lane said on Monday that they will remain attentive to shifts in the risk distribution when taking interest rate decisions, per Reuters.

USD/CAD Price Forecast: Hovers around 1.3950, lower boundary of ascending channel
USD/CAD remains subdued for the second successive session, trading around 1.3950 during the European hours on Monday. The technical analysis of the daily chart suggests the weakening of the bullish bias as the pair is attempting to break below the ascending channel pattern.

New French PM Lecornu resigns - BFM TV
Citing unidentified government sources, BFM TV announced early Monday that French Prime Minister Sebastien Lecornu has resigned, per Reuters.

Forex Today: Japanese Yen slides, Gold climbs above $3,900
Here is what you need to know on Monday, October 6:

NZD/USD approaches highs above 0.5840 amid a positive risk mood
Investors' sentiment has brightened, and risk-sensitive currencies, like the New Zealand Dollar, are outperforming their peers at the week's opening.

GBP/JPY gathers strength above 201.50 as Sanae Takaichi wins LDP election
The GBP/JPY cross climbs to around 201.70, the highest since July 2024, during the early European session on Monday. The Japanese Yen (JPY) weakens against the Pound Sterling (GBP) as a ruling-party vote for Sanae Takaichi to become Japan's next Prime Minister.

FX option expiries for Oct 6 NY cut
FX option expiries for Oct 6 NY cut at 10:00 Eastern Time via DTCC can be found below.

EUR/GBP strengthens to near 0.8700 ahead of Eurozone Retail Sales data
The EUR/GBP cross loses ground to around 0.8715 during the early European session on Monday. The Pound Sterling (GBP) weakens against the Euro (EUR) amid growing United Kingdom (UK) labor market concerns. The Eurozone Retail Sales report for August will be released later on Monday.

USD/CHF ticks down to near 0.7950 despite recovery in US Dollar
The USD/CHF pair edges down to near 0.7955 during the late Asian trading session on Monday. The Swiss Franc pair faces slight selling pressure even as the US Dollar (USD) recovers firmly, suggesting significant strength in the Swiss Franc (CHF).

BoJ maintains assessment for 8 of Japan's 9 regions in its quarterly report
In its quarterly regional economic report published on Monday, the Bank of Japan (BoJ) maintained an assessment for 8 of Japan's 9 regions in its latest economic report.

AUD/JPY rallies beyond 99.00, highest since November as fiscal easing bets pressure JPY
The AUD/JPY cross builds on its weekly bullish gap opening and rallies to the 99.30 area, or its highest level since November 2024, during the Asian session.

EUR/JPY Price Forecast: Reaches fresh all-time highs above 176.00
EUR/JPY opened at a gap-up, extending its gains and trading around 176.20 during the Asian hours on Monday. The technical analysis of the daily chart indicates strengthening of a bullish bias as the currency cross has broken above the ascending channel pattern.
Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy