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DXY: ADP employment, 3Q GDP on their way - OCBC
The US Dollar (USD) traded 2-way overnight with gains on the back of strong consumer confidence but turned lower after JOLTS job openings slumped to lowest level since early 2021.
USD: A blip in the strong US jobs story - ING
The latest US macro news has dampened the dollar rally. Consumer confidence rose more than expected from 99.5 to 108.7 yesterday, the strongest monthly gain since March 2021.
AUD/USD Price Forecast: Climbs to 0.6685 area amid modest USD weakness, ahead of US data
The AUD/USD pair stages a goodish intraday recovery from its lowest level since August 8, around the 0.6535 region touched earlier this Wednesday and for now, seems to have snapped a three-day losing streak.
German Preliminary GDP unexpectedly expands 0.2% QoQ in Q3 vs. -0.1% expected
The German economy expanded by 0.2% over the quarter in the third quarter of 2024 after shrinking 0.1% in the second quarter, according to the preliminary data published by Destatis on Wednesday.
GBP/USD: Likely test the top of the 1.2950/1.3070 range - UOB Group
The Pound Sterling (GBP) is facing mild upward pressure; it could edge higher to 1.3035.
Australia: 3Q24 headline inflation back in RBA's target for first time in three years - UOB Group
Australia's consumer price inflation rate fell to its lowest since early 2021 in the third quarter on government's electricity rebates and a drop in gasoline prices, UOB Group's Economist Lee Sue Ann note.
Gold: Stays bid on the day - OCBC
Gold surge pushes on as markets continue to factor in US election risk premium as we inch closer to election day.
EUR/USD: Short squeeze? - OCBC
The Euro (EUR) held up above 1.08-handle overnight albeit still near 2-month lows.
EUR: Data overflow in the euro area - UOB Group
Growth and inflation data across the eurozone begin to flow in today.
Silver Price Forecast: XAG/USD trades with modest losses above $34.00, bullish bias remains
Silver (XAG/USD) meets with a fresh supply on Wednesday and drops back closer to the $34.00 mark during the first half of the European session, reversing a part of the previous day's move up.
EUR/USD: Has a chance to rise towards 1.0885 - UOB Group
The Euro (EUR) is expected to trade in a range between 1.0790 and 1.0840.
EUR/GBP rises above 0.8350 ahead of Eurozone GDP, UK Autumn Forecast Statement
EUR/GBP recovers its recent losses from the previous session, trading near 0.8320 in the European session on Wednesday.
EUR/USD consolidates ahead of flash Eurozone-US Q3 GDP, German inflation
EUR/USD trades close to Tuesday's high slightly above 1.0800 in Wednesday's European session.
NZD/USD Price Forecast: Trades near 0.5950 with a bearish bias
The NZD/USD pair remains tepid for the fourth consecutive session, trading around 0.5970 during Wednesday's European session.
AUD/JPY edges lower to near 100.50, upside potential seems possible due to hawkish RBA
AUD/JPY extends its losses for the second successive session, trading around 100.50 during the early European hours on Wednesday.
US GDP set to show economy expanded at solid pace in Q3
The US Bureau of Economic Analysis (BEA) is scheduled to release the preliminary estimate of the US Gross Domestic Product (GDP) for the July-September quarter on Wednesday.
GBP/USD Price Forecast: Remains capped below the 100-period EMA near 1.3000
The GBP/USD pair trades in negative territory around 1.3005 on Wednesday during the early European trading hours.
Forex Today: Market volatility set to rise on key GDP and inflation data
Here is what you need to know on Wednesday, October 30: The action in foreign exchange markets remain subdued early Wednesday as investors gear up for key macroeconomic data releases.
FX option expiries for Oct 30 NY cut
FX option expiries for Oct 30 NY cut at 10:00 Eastern Time, via DTCC, can be found below.
EUR/JPY Price Forecast: The bullish outlook remains in play above 165.50
The EUR/JPY cross weakens to near 165.75 during the early European trading session on Wednesday.
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