











Show:

AUD/USD: Likely to trade between 0.6570 and 0.6605 - UOB Group
The current price movements are likely part of a sideways trading phase between 0.6570 and 0.6605. In the longer run, the odds of AUD breaking below 0.6555 are increasing, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

AUD/USD gives up early gains as US Dollar rebounds, Fed Powell's speech eyed
The AUD/USD pair surrenders its early gains and flattens around 0.6590 during the European trading session on Thursday.

Economic Adviser to Japan's Takaichi: BoJ should be careful about raising interest rates
Etsuro Honda, an economic adviser to Japan's ruling Liberal Democratic Party (LDP) newly elected leader Sanae Takaichi, warned on Thursday that " the Bank of Japan (BoJ) should be careful about raising interest rates."

Fed's Williams: In support of further interest rate cuts this year
Federal Reserve (Fed) Bank of New York President John Williams told the NY Times that he supports further interest rate cuts this year, per Reuters.

EUR/JPY Price Forecast: Trades around 177.50 after pulling back from fresh highs
EUR/JPY holds its position near the fresh all-time high of 177.94, which was recorded during the earlier hours on Thursday, currently trading around 177.50 during the European hours.

GBP/USD: Downside bias toward 1.3325 remains intact - UOB Group
Pound Sterling (GBP) is likely to range-trade between 1.3365 and 1.3430. In the longer run, there has been no marked increase in downward momentum, but the downside bias toward 1.3325 remains intact, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

ECB Minutes expected to reinforce the 'Good Place' policy stance - BBH
The ECB's September meeting account is due today, likely reaffirming policymakers' view that monetary settings remain "in a good place" after holding rates steady at 2.00%. With inflation seen stabilizing near target and risks now balanced, markets price only limited chances of another cut.

EUR/USD: Likely to trade in a range between 1.1600 and 1.1660 - UOB Group
Instead of continuing to decline, EUR is likely to trade in a range between 1.1600 and 1.1660. In the longer run, risk for EUR remains on the downside, likely toward the major support at 1.1570, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

USD extends rally despite data blackout from shutdown - BBH
US Dollar (USD) keeps charging across the majors, closing-in on the upper bound of its range dating back to June. We're still flying blind amid the ongoing US government shutdown, with key economic data releases on hold and visibility on the economy sharply reduced.

USD: FOMC minutes as expected - ING
After a strong few days, the dollar rally has started to stall. Notably, the media pushing the hawkish elements of the FOMC minutes failed to move both the dollar and short-dated US yields last night.

EUR/USD: Risks relating to government debt are increasing - Commerzbank
In recent weeks, the foreign exchange market has turned its attention to the sustainability of G10 countries' debt. France is once again in the spotlight, as yet another prime minister has fallen victim to the challenging budgetary situation.

BoE's Mann: Monetary policy must remain restrictive for longer
Bank of England (BoE) policymaker Catherine Mann said on Thursday that the monetary policy must remain restrictive for longer to create an environment conductive to growth, per Reuters.

JPY: Expect to hear more of the switch to yen funding - ING
USD/JPY remains bid after taking out some strong resistance near 152.00 recently, ING's FX analyst Chris Turner notes.

GBP/JPY Price Forecast: Pound's rally stalls below 205.00
The British Pound appreciated nearly 3% this week, but the rally seems to be losing momentum on Thursday.

China: FYP likely to push for tech-driven growth - Standard Chartered
China may aim for above-consensus growth during 2026-30, counting on TFP gains from tech progress. More spending is likely to be devoted to population's wellbeing to release consumption potential.

EUR/CHF tests key trend support amid choppy trading - Société Générale
EUR/CHF is edging lower toward the ascending trend line that has guided price action since April, as the pair continues to fluctuate around its 50-day moving average.

UK: Political realignment - Standard Chartered
Reform UK's rise signals growing voter dissatisfaction with traditional parties' policy agendas. An early election (before August 2029) is unlikely, leaving plenty of time for political fortunes to change.

AUD: Global economy more important than gold - Commerzbank
Due to the sharp rise in the price of gold, Australia's gold exports have also increased significantly in recent weeks. In the first eight months of this year, the share of Australian gold exports in total exports rose to over 10%. This is the first time since 1988, when data collection began.

EUR/USD remains vulnerable amid France political drama
EUR/USD turns lower and trades below 1.1620 at the time of writing, drawing closer to the 1.1600 support area, after being capped around 1.1650 at the European session opening on Thursday.

EUR: Less bearish news out of France - ING
News emerged last night from former French Prime Minister Sébastien Lecornu that President Macron could announce a new PM by Friday evening. This has come as a surprise to a market that had felt that the next chapter in the French political saga could only be new and divisive elections.
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