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Dow Jones futures rise due to easing US-China trade tensions, Fed rate cut bets
Dow Jones futures advance 0.37% to rise near 46,550 during European hours, ahead of the opening of the United States (US) regular session on Monday. The S&P 500 futures rise 0.45% to trade around 6,730, while Nasdaq 100 futures gain 0.56% to break above 25,100 at the time of writing.

Pound Sterling consolidates against US Dollar at the start of UK-US inflation week
The Pound Sterling (GBP) trades flat around 1.3425 against the US Dollar (USD) during the European trading session on Monday. The GBP/USD pair struggles for a direction, while the US Dollar (USD) stabilizes on easing trade frictions between the United States (US) and China.

USD/CAD Price Forecast: Rises toward 1.4050 due to potential for bullish reversal
USD/CAD inches higher after registering losses in the previous session, trading around 1.4030 during the European hours on Monday. The technical analysis of the daily chart suggests a bullish reversal as the pair is attempting a rebound within the ascending channel pattern.

EUR/USD wavers directionless amid a moderate risk-on mood
EUR/USD remains practically flat on Monday's early European opening, trading at 1.1665 at the moment of writing. The pair bounced at 1.1650 earlier on the day, favoured by a somewhat brighter market mood on signs of easing tensions between the US and China, but it is lacking upside momentum.

GBP/JPY Price Forecast: Choppy price action around 202.00
The British Pound has been on an extended correction since peaking at the 206.30 area in early October. Price action is moving within a downward channel, with the larger wicks in the daily chart showing a hesitant market.

Forex Today: Risk mood improves in quiet start to week
Here is what you need to know on Monday, October 20:

EUR/GBP holds firm near 0.8700 amid mounting UK budget concerns
The EUR/GBP cross gains ground near 0.8690 during the early European session on Monday. The Pound Sterling (GBP) softens against the Euro (EUR) on lingering fiscal concerns in the United Kingdom (UK).

Crude Oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Monday, early in the European session. WTI trades at $56.82 per barrel, down from Friday's close at $57.24.Brent Oil Exchange Rate (Brent crude) is stable, hovering around its previous daily close at $61.25.

EUR/USD strengthens above 1.1650, budget uncertainty might cap gains
The EUR/USD pair gains traction near 1.1670 during the early European session on Monday. The Euro (EUR) strengthens against the US Dollar (USD) amid improved risk sentiment. However, elevated budget uncertainty in France might cap the upside for the major pair.

Silver Price Forecast: XAG/USD stabilizes above $52 after healthy correction
Silver price (XAG/USD) trades 0.7% higher to near $52.30 during the late Asian trading session on Monday. The white metal rebounds after a steep corrective move seen on Friday from the all-time high of $54.50.

USD/CHF appreciates to near 0.7950 due to Swiss economic concerns
USD/CHF holds ground for the second consecutive day, hovering around 0.7930 during the Asian trading hours on Monday. The pair receives support as the Swiss Franc (CHF) weakens over domestic economic concerns.

NZD/USD sticks to stronger NZ CPI/China data-inspired gains; remains below mid-0.5700s
The NZD/USD pair gains some positive traction at the start of a new week following the release of the latest consumer inflation figures from New Zealand. Spot prices, however, lack follow-through buying and remain below mid-0.5700s through the Asian session.

USD/INR opens lower at the start of holiday-shortened week in India
The Indian Rupee (INR) opens on a slightly positive note against the US Dollar (USD) at the start of the holiday-shortened week on Monday. Indian currency markets will remain closed on Tuesday and Wednesday on account of Diwali Laxmi Pujan and Balipratipada, respectively.

EUR/JPY Price Forecast: Clings to bullish stance above 175.50
The EUR/JPY cross edges higher to near 175.65 during the early European session on Monday. The Japanese Yen (JPY) softens against the Euro (EUR) as the dovish Sanae Takaichi is poised to become the first female Prime Minister.

US Dollar Index remains subdued around 98.50 due to government shutdown, Fed rate cut bets
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is retracing its recent gains registered in the previous session and trading around 98.40 during the Asian hours on Monday.

USD/CAD edges lower to near 1.4000 despite weaker Oil prices
USD/CAD loses ground for the second successful session, trading around 1.4010 during the Asian hours on Monday. The pair depreciates as the US Dollar (USD) struggles due to the ongoing US federal government shutdown.

India Gold price today: Gold rises, according to FXStreet data
Gold prices rose in India on Monday, according to data compiled by FXStreet.

Gold stalls Friday's pullback from record peak on trade tensions, Fed rate cut bets
Gold (XAU/USD) edges higher at the start of a new week and, for now, seems to have stalled its sharp retracement slide from the all-time peak, touched on Friday.

BoJ's Takata: Japan has already roughly achieved BoJ's price target
Bank of Japan (BoJ) Board Member Hajime Takata said on Monday that Japan has already roughly achieved the BoJ's price target.

AUD/JPY strengthens above 98.00 as Takaichi poised to become first female Prime Minister
The AUD/JPY cross gains ground to around 98.10 during the Asian trading hours on Monday. The Japanese Yen (JPY) weakens against Australian Dollar (AUD) amid renewed concerns about Japan's fiscal health.
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