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EUR/JPY extends its gains for the third successive session, trading around 177.00 during the European hours on Thursday. The technical analysis of the daily chart indicates that bullish bias is strengthening as the currency cross remains within the ascending channel pattern.

Created : 2025.10.23 18:07

Last updated : 2025.10.23

USD/JPY continued to trade higher post-parliament vote but the move higher was also driven by the broad rebound in USD, instead of just policy uncertainty. Pair was last at 152.59 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.

Created : 2025.10.23 18:03

Last updated : 2025.10.23

The median consensus on Bloomberg anticipates a 100bp rate cut by the Turkish central bank (CBT) today, to 39.50% repo rate. But there is a wide range of analyst forecasts - ranging from unchanged to 250bp rate cut.

Created : 2025.10.23 17:59

Last updated : 2025.10.23

Recent data flow - particularly wage growth and CPI - supports our December rate cut view. Risk of Nov cut rising but MPC is likely to wait for budget; risk of delay to Feb depends on incoming data.

Created : 2025.10.23 17:56

Last updated : 2025.10.23

Based on yesterday's price action, we reiterate our view that the USD's rebound is getting tired and probably requires some hawkish repricing to keep going. As discussed over the week, we don't think tomorrow's US CPI will offer that opportunity as we expect a consensus 0.3% MoM core print.

Created : 2025.10.23 17:54

Last updated : 2025.10.23

Euro (EUR) is likely to trade in a range between 1.1580 and 1.1625. In the longer run, downward momentum is building; EUR is likely to trade with a downward bias, potentially retesting the 1.1540 level, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Created : 2025.10.23 17:47

Last updated : 2025.10.23

The AUD/USD pair trades 0.3% higher to near 0.6510 during the European trading session on Thursday.

Created : 2025.10.23 17:45

Last updated : 2025.10.23

The Central Bank of Turkey will decide on another rate cut today. We expect a 150bp rate cut to 39%; however, the story is more unclear than usual.

Created : 2025.10.23 17:40

Last updated : 2025.10.23

The US Dollar remains firm against the Swiss Franc.

Created : 2025.10.23 17:37

Last updated : 2025.10.23

Gold has yet to recover after the steep decline from all-time high, but pace of decline is starting to moderate. XAU last seen at 4114.34 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.

Created : 2025.10.23 17:33

Last updated : 2025.10.23

The Oil market is rallying this morning, with WTI up around 2.8% at the time of writing, taking it back above US$60/bbl. The catalyst: the US administration placing sanctions on Russian Oil producers Rosneft and LukOil, which produce more than 5m b/d of Oil.

Created : 2025.10.23 17:28

Last updated : 2025.10.23

Dow Jones futures lose 0.12% to trade near 46,700 during European hours, ahead of the opening of the regular United States (US) session on Thursday. The S&P 500 futures gain 0.12% to trade near 6,750, while Nasdaq 100 futures rise 0.23% to reach near 25,100 at the time of writing.

Created : 2025.10.23 17:26

Last updated : 2025.10.23

EUR/USD is hovering around 1.160, a level that, in our view, can work as an anchor again today and possibly for a few more days should US CPI fail to add much to the US Dollar (USD) narrative, ING's FX analyst Francesco Pesole notes.

Created : 2025.10.23 17:11

Last updated : 2025.10.23

The Pound Sterling (GBP) trades in a tight range around 1.3350 against the US Dollar (USD) during the European trading session on Thursday.

Created : 2025.10.23 17:09

Last updated : 2025.10.23

The Euro is giving away most of the gains taken on Wednesday on Thursday, amid the softer-than-expected UK inflation data, and returns below 0.8700.

Created : 2025.10.23 17:03

Last updated : 2025.10.23

The latest minutes from the Swiss National Bank's (SNB) September monetary policy meeting express that interest rates won't fall into negative territory as inflationary pressures in the economy are not expected to become persistently negative.

Created : 2025.10.23 16:45

Last updated : 2025.10.23

USD/CAD moves little after two days of losses, trading around 1.3990 during the early European hours on Thursday. The technical analysis of the daily chart suggests a weakening of a prevailing bullish bias as the pair is attempting to break below the ascending channel pattern.

Created : 2025.10.23 16:40

Last updated : 2025.10.23

EUR/USD drifts lower at the European session opening on Thursday, trading right below 1.1600 at the time of writing, down from the previous day's highs at 1.1620.

Created : 2025.10.23 16:37

Last updated : 2025.10.23

Here is what you need to know on Thursday, October 23:

Created : 2025.10.23 16:32

Last updated : 2025.10.23

FX option expiries for Oct 23 NY cut at 10:00 Eastern Time via DTCC can be found below.

Created : 2025.10.23 16:29

Last updated : 2025.10.23