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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.
Oil: Set-up for a tactical rebound is strengthening - TDS
Energy supply risk premia continues to melt out of crude oil prices, but the set-up for a tactical rebound is strengthening, TDS' Senior Commodity Strategist Daniel Ghali notes.
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.
EUR/JPY strives to break above 166.00 as Yen weakens ahead of BoJ policy
The EUR/JPY pair aims to extend its rally above the immediate resistance of 166.00 in Tuesday's North American.
Australian inflation back in target range - Commerzbank
Late tonight (or early tomorrow morning, depending on your perspective) Australia will release its Q3 inflation figures.
EUR/GBP declines on diverging Eurozone and UK monetary policy outlook
EUR/GBP exchanges hands just above 0.8300 on Tuesday, down a quarter of a percent on the day and close to the two-and-a-half year lows of 0.8295 set on October 18.
GBP/USD: Little changed ahead of budget Wednesday - Scotiabank
The Pound Sterling (GBP) is little changed while Gilts are a little softer in line with the broader tone in fixed income as UK markets are brace for tomorrow's budget announcement, Scotiabank's Chief FX Strategist Shaun Osborne notes.
USD/JPY is testing 153.90 high ahead of US labour data
The Dollar has resumed its broader bullish trend during Tuesday's European session and is testing resistance right below 154.00 with all eyes on the US JOLTS Job Openings data.
Palladium price continues to rise - Commerzbank
The price of Palladium continued its upward trend that began on Thursday at the start of the new trading week.
EUR/USD: ECB cautions on rate outlook - Scotiabank
ECB VP Guindos remarked that despite evidence that the disinflationary process in the Eurozone was 'well on track', there were substantial risks around the outlook for prices, Scotiabank's Chief FX Strategist Shaun Osborne notes.
USD/CHF remains contained above 0.8645 with the bullish trend losing steam
The US Dollar is moving sideways below two-month highs near 0.8700.
High Gold price slows Gold demand in China - Commerzbank
The Gold price is approaching its all-time high of $2,758 per troy ounce again, Commerzbank's commodity analyst Carsten Fritsch notes, Commerzbank's commodity analyst Carsten Fritsch notes.
USD/CAD: May see a marginal technical improvement - Scotiabank
The Canadian Dollar (CAD) is marginally higher on the day so far.
Oil prices fall significantly after Israeli retaliation - Commerzbank
Oil prices started the new trading week with significant losses, Commerzbank's commodity analyst Carsten Fritsch notes.
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