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Gold slips from all-time high but holds firm amid safe haven demand
Gold (XAU/USD) hits pause on its historic run on Tuesday after briefly climbing to a fresh all-time high near $3,871 earlier in the day as heavy selling pressure set in during the European session.
USD/JPY slumps to near 148.00 as Japanese Yen continues to outperform
The USD/JPY pair extends its losing streak for the third trading day on Tuesday, trading 0.35% lower to near 148.00 during the European trading session on Tuesday.
EU Gas market: Autumn is here - Commerzbank
As the heating season approaches, the lull in the European Gas market persists.
EU Gas storage lags seasonal average amid maintenance - Commerzbank
European Gas storage remains below the seasonal average as Norwegian maintenance and German refill challenges persist, keeping the market sensitive to winter demand and likely supporting prices toward €40/MWh, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes.
USD/CNH holds near 7.13 amid mixed PMIs - BBH
USD/CNH consolidates near 7.1300 amid mixed Chinese PMI data, with the downtrend intact as structural growth challenges persist, BBH FX analysts report, BBH FX analysts report.
NZD/USD gains on positive business sentiment - BBH
NZD/USD rebounds toward 0.5800 after last week's dip, supported by a resilient ANZ business outlook, though the RBNZ's easing bias keeps upside limited, BBH FX analysts report.
USD/JPY: Likely to trade in a range of 147.80/149.65 - UOB Group
Upward pressure has faded; US Dollar (USD) is likely to trade in a range of 147.80/149.65, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
AUD rises as RBA holds at 3.60% - BBH
Australian Dollar (AUD) is outperforming peers after the RBA left rates unchanged at 3.60% and signaled a high bar for further cuts, with futures trimming near-term easing bets, BBH FX analysts report.
NZD/USD stalls below 0.5800 amid mixed data from China, risk-off markets
The New Zealand Dollar is clinging to moderate gains on Tuesday after bouncing from multi-month lows at 0.5750 on Friday, but remains unable to find acceptance above 0.5800, weighed by cautious markets and uninspiring data from China, New Zealand's main trading partner.China's Official PMI figures r
CHF: What else would you like? - Commerzbank
The ongoing trade conflict is making things increasingly difficult for Switzerland. On Thursday night, the US President announced on social media that a 100% tariff would apply to branded or patented medicines starting tomorrow.
EUR steady near 1.1760 on USD weakness - BBH
EUR/USD is holding firm near 1.1760 as softer USD and stabilizing Eurozone inflation underpin the single currency, with attention turning to Germany's CPI release and Lagarde's remarks, BBH FX analysts report.
When is the flash German HICP data and how it could affect EUR/USD?
The preliminary German Harmonized Index of Consumer Prices (HICP) data for September is due for release today at 12:00 GMT. The Federal Statistics Office of Germany is expected to show that inflationary pressures in the German economy rose at an annual pace of 2.2%, faster than 2.1% in August.
USD: Another shutdown under way - Commerzbank
It should be noted that Vice President JD Vance has already warned that a government shutdown is imminent following talks with the Democrats, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes.
Fed's Jefferson: Labor market is softening, could face stress if not supported
Federal Reserve (Fed) Vice Chairman Philip Jefferson said on Tuesday, "labor market is softening, could face stress if not supported."
USD under pressure on shutdown risk - BBH
A possible US government shutdown first thing Wednesday morning is keeping USD under downside pressure, supporting Treasuries and driving gold prices to new highs. The logic is that a government shutdown could lead to a more dovish Fed. If a shutdown is brief, the Fed will ignore it.
NZD/USD: Outlook for NZD remains negative - UOB Group
New Zealand Dollar (NZD) is likely to consolidate between 0.5765 and 0.5790. In the longer run, the outlook for NZD remains negative; the next level to watch is 0.5730, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
SNB's Schlegel: Inflation is expected to rise slightly in the coming quarters
Swiss National Bank (SNB) Chairman Martin Schlegel said on Tuesday, "inflation is expected to rise slightly in the coming quarters."
AUD: Hawkish RBA hold to help AUD - ING
The Reserve Bank of Australia held rates unchanged and struck a moderately hawkish tone in the statement and press conference.
GBP/USD: Likely to test 1.3465 - UOB Group
There is a chance for Pound Sterling (GBP) to test 1.3465; major resistance at 1.3525 is unlikely to come under threat. 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.
Australian central bank refrains from surprises - Commerzbank
As expected, the Australian central bank kept its key interest rate at 3.6% this morning, Commerzbank's FX analyst Michael Pfister notes.
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