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EUR/JPY dives to two-week lows below 175.00 on hawkish BoJ comments
The Euro accelerated its downtrend against the Japanese Yen on Friday, reaching fresh two-week lows at the 175.20 area so far, as the Japanese Yen rallies across the board following hawkish comments by the Bank of Japan's policymakers.BoJ Deputy Governor Shinichi Uchida assessed on Friday that the J

Forex Today: US Dollar extends slide, Gold surges past $4,300
Here is what you need to know on Friday, October 17:

WTI slumps to near $56.50 as Trump and Putin summit looms
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $56.50 during the early European trading hours on Friday. The WTI remains on the defensive amid uncertainty over global energy supplies and a bigger-than-forecast crude inventory build.

USD/CAD Price Forecast: Hovers around 1.4050 within overbought territory
USD/CAD inches lower after registering gains in the previous session, trading around 1.4050 during the early European hours on Friday. The technical analysis of the daily chart suggests a persistent bullish bias as the pair is moving upwards within the ascending channel pattern.

BoJ's Uchida: Japan's economy is recovering moderately
Bank of Japan (BoJ) Deputy Governor Shinichi Uchida said on Friday that the Japanese economy is recovering moderately, albeit with some weak signs. Uchida added that the central bank will keep raising the rate if the economic outlook is met.

FX option expiries for Oct 17 NY cut
FX option expiries for Oct 17 NY cut at 10:00 Eastern Time via DTCC can be found below.

EUR/CAD strengthens to near 1.6450 as French government survives no-confidence vote
The EUR/CAD cross trades in positive territory for the fourth consecutive day near 1.6460 during the early European session on Friday. The Euro (EUR) strengthens against the Canadian Dollar (CAD) as the political crisis in France eases.

Silver Price Forecast: XAG/USD remains close to $54.50 near record highs
Silver price (XAG/USD) extends its three-day rally, trading around $54.30 per troy ounce during the Asian hours on Friday. The price of the grey metal remains close to the record high of $54.86, reached in the previous session amid increased safe-haven demand.

Crude oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Friday, early in the European session. WTI trades at $56.79 per barrel, down from Thursday's close at $56.94.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $60.68 after its previous daily close at $60.86.

NZD/USD Price Forecast: Targets nine-day EMA barrier near 0.5750
NZD/USD gains ground after a flat performance in the previous session, trading around 0.5730 during the Asian hours on Friday. The daily chart's technical analysis signals a potential bullish reversal as the pair price moves ahead in the descending wedge pattern.

EUR/GBP holds positive ground above 0.8700 as political crisis in France eases
The EUR/GBP cross trades on a stronger note near 0.8705 during the early European session on Friday. The Euro (EUR) edges higher against the Pound Sterling (GBP) after the French government survived a no-confidence vote.

GBP/JPY trades vulnerably near 201.60 as Japanese Yen outperforms its peers
The GBP/JPY pair trades 0.2% lower to near 201.60 during the late Asian trading session Friday. The pair faces selling pressure as the Japanese Yen (JPY) outperforms its peers despite uncertainty surrounding the monetary policy announcement by the Bank of Japan (BoJ) later this month.

USD/CHF falls to two-week low, bears flirt with 0.7900 amid sustained USD selling
The USD/CHF pair continues losing ground for the fourth successive day - also marking the fifth day of a negative move in the previous six- and drops to an over two-week low during the Asian session on Thursday.

USD/INR declines at open amid US-China trade frictions
The Indian Rupee (INR) opens higher against the US Dollar (USD) on Friday.

US Dollar Index falls toward 98.00 due to US 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 extending its losses for the fourth successive session and trading around 98.20 during the Asian hours on Friday.

AUD/JPY Price Forecast: Bullish tone remains intact above 97.00
The AUD/JPY cross extends the decline to around 97.10 during the Asian trading hours on Friday. The Japanese Yen (JPY) strengthens against the Australian Dollar (AUD) amid concerns over escalating US-China trade tensions and geopolitical uncertainties.

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

GBP/USD Price Forecast: Stands firm near mid-1.3400s, seems poised to climb further
The GBP/USD pair gains positive traction for the third consecutive day on Friday and moves further away from its lowest level since early August, around the 1.3250-1.3245 region touched earlier this week.

EUR/JPY remains subdued near 176.00 following hawkish remarks from BoJ's Ueda
EUR/JPY loses ground for the third consecutive day, trading around 175.70 during the Asian hours on Friday.

USD/CAD softens below 1.4050 as US government shutdown continues
The USD/CAD pair loses ground near 1.4040 during the Asian trading hours on Friday. The US Dollar (USD) softens against the Canadian Dollar (CAD) as global trade tensions and signs of weakening in the US economy bolster the case for further rate cuts by the Federal Reserve (Fed).
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