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Gold price hits fresh record high on US election uncertainty, geopolitical risks
Gold prices (XAU/USD) climbs to a fresh record high during the Asian session on Wednesday as uncertainties surrounding the US presidential election, and the Middle East conflict continue to boost demand for traditional safe-haven assets.
USD/INR holds steady ahead of US GDP data
The Indian Rupee (INR) trades flat on Wednesday amid the consolidation of the US Dollar (USD).
NZD/USD holds below 0.6000 on dovish RBNZ, US GDP data looms
The NZD/USD pair remains on the defensive near 0.5970 during the Asian trading hours on Wednesday.
Japanese Yen struggles to lure buyers, seems vulnerable near multi-month low
The Japanese Yen (JPY) edges higher against its American counterpart during the Asian session on Wednesday amid fears that authorities will intervene in the market to prop up the domestic currency.
Australian Dollar gains ground despite downbeat inflation data
The Australian Dollar (AUD) edges higher against the US Dollar (USD) despite lower-than-expected Australia's third-quarter Consumer Price Index (CPI) data released on Wednesday.
PBOC sets USD/CNY reference rate at 7.1390 vs. 7.1283 previous
On Wednesday, the People's Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.1390, as compared to the previous day's fix of 7.1283 and 7.1398 Reuters estimates.
GBP/USD softens to near 1.3000 ahead of UK Autumn Budget
The GBP/USD pair weakens around 1.3010 despite the consolidation of the US Dollar (USD) during the early European session on Wednesday.
EUR/USD trades with mild gains above 1.0800, eyes on US/Eurozone GDP, German inflation data
The EUR/USD pair recovers to around 1.0820 during the early Asian session on Wednesday.
NZD/JPY Price Analysis: Bullish momentum resumes after sideways consolidation
NZD/JPY has reversed its upward trajectory after a period of sideways consolidation.
Australia Q3 CPI inflation expected to fall back into RBA target range
Australia will publish fresh inflation-related figures on Wednesday, kick-starting a row of global first-tier releases that should grant volatility across the FX board.
US Dollar steady ahead of key data, mixed JOLTS
The US Dollar Index (DXY), which measures the value of the USD against a basket of six currencies, extends gains on Tuesday, hitting a three-month high at 104.55.
Mexican Peso slips amid political turmoil, ahead of GDP data
The Mexican Peso remains on the defensive against the Greenback, extending its losses for three consecutive days as market participants await crucial economic data in Mexico.
Forex Today: Focus now shifts to the US labour market and real economy
The US dollar held steady, finishing almost unchanged from Monday's close.
Canadian Dollar declines after September US JOLTS
The USD/CAD pair continues to gain traction on Tuesday with the quote rising by 0.23% to 1.3910 at the time of writing.
Dow Jones Industrial Average slips amid high US yields, Fed rate cut odds increase
The Dow Jones Industrial Average (DJIA) trims off its Monday's gains, retreats from daily highs at around 42,500, and edges down over 0.25% while US Treasury bond yields cling to gains.
China: Towards a rocket propelled recovery? - Rabobank
In the past few weeks, China's Politburo, several ministries and the PBOC have announced a slew of stimulus packages, Rabobank's economist Teeuwe Mevissen notes.
GBP/USD Price Forecast: Consolidates at around 1.3000 due to soft US Dollar
The Pound Sterling climbed past 1.3000 for the first time in five days after a US jobs report increased the chances that the Federal Reserve (Fed) would cut rates at the last two meetings in 2024.
USD/CAD Price Forecast: Hitting resistance zone at top of multi-year range
USD/CAD reaches the top of a multi-year range and it is probable the pair will meet stiff technical resistance at these levels.
Silver Price Forecast: XAG/USD rallies to near $34.50 after weak US Job Openings data
Silver price (XAG/USD) discovers strong buying interest in Tuesday's North American session as the United States (US) Bureau of Labor Statistics (BLS) has reported weak set of JOLTS Job Openings data for September.
NZD/USD Price Forecast: Falling in possible C wave of bearish pattern
NZD/USD is falling in what might be the C wave of a bearish ABC pattern which began life at the September 30 highs.
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