











Show:

Pound Sterling remains steady as UK GDP grew expectedly by 0.1%
The Pound Sterling (GBP) trades broadly calm against its major peers on Thursday after the release of the United Kingdom (UK) monthly Gross Domestic Product (GDP) and factory data for August.

NZD/USD holds gains near 0.5750 due to prevailing US-China trade tensions
NZD/USD halts its seven-day losing streak, trading around 0.5740 during the early European hours on Thursday. The pair holds gains as the US Dollar (USD) struggles as traders adopt caution amid the ongoing trade tensions between the United States (US) and China, the world's two largest economies.

Silver Price Forecast: XAG/USD stands tall above $52.50 in cautious markets
Silver (XAG/USD) rally was capped a few cents below the $55.00 level on Wednesday, pulling lower on profit-taking.

Forex Today: Markets await comments from central bankers, Gold renews record-high
Here is what you need to know on Thursday, October 16:

WTI drifts higher to near $58.40 as Trump says India will stop importing Russian oil
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $58.40 during the early European trading hours on Thursday. The WTI recovers from a five-month low after US President Donald Trump said Indian Prime Minister Narendra Modi had vowed to halt purchases of Russian barrels.

FX option expiries for Oct 16 NY cut
FX option expiries for Oct 16 NY cut at 10:00 Eastern Time via DTCC can be found below.

Crude Oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Thursday, early in the European session. WTI trades at $58.30 per barrel, down from Wednesday's close at $58.33.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $62.18 after its previous daily close at $62.23.

USD/CHF bounces off two-week low, down a little above mid-0.7900s
The USD/CHF pair continues losing ground for the third straight day - also marking the fourth day of a negative move in the previous five - and drops to an over two-week low during the Asian session on Thursday.

EUR/JPY Price Forecast: First upside barrier emerges near 177.00
The EUR/JPY cross gains ground near 176.15 during the early European session on Thursday. The Japanese Yen (JPY) weakens against the Euro (EUR) as political uncertainty in Japan would set the stage for the Bank of Japan (BoJ) to delay raising interest rates.

EUR/GBP steadies near 0.8700 ahead of UK economic data
EUR/GBP moves little after registering losses in the previous session, trading around 0.8690 during the Asian hours on Thursday.

EUR/USD rises further to near 1.1670 as US Dollar continues to decline
The EUR/USD pair extends its two-day upside move to near 1.1670 during the Asian trading session on Thursday.

BoJ's Tamura: Central bank should push rates closer toward levels deemed neutral
The Bank of Japan (BoJ) board member Naoki Tamura said on Thursday that the central bank should push the interest rates closer toward levels deemed neutral.

ECB's Dolenc: Inflation risks are balanced around the baseline scenario
European Central Bank (ECB) policymaker and Slovenia's central bank acting Governor Primoz Dolenc said on Thursday that the central bank should hold interest rates steady unless new shocks hit. Dolenc pushed back on arguments that inflation could fall too low without further easing.

USD/INR falls further on hopes of US-India trade deal
The Indian Rupee (INR) extends its Wednesday's strong recovery move against the US Dollar (USD) on Thursday. The USD/INR pair slides to near 87.80 as the Indian Rupee strengthens on hopes that the United States (US) and India will reach a trade agreement soon.

GBP/JPY trades with positive bias above mid-202.00s ahead of UK macro data
The GBP/JPY cross turns positive for the second straight day following an Asian session dip to sub-202.00 levels and climbs to a fresh daily top in the last hour.

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

When are the UK data releases and how could they affect GBP/USD?
The United Kingdom (UK) docket has the Gross Domestic Product (GDP) and Industrial Production data for August to be released by the Office for National Statistics (ONS) on Thursday, later this session at 06:00 GMT.

Silver Price Forecast: XAG/USD retreats from record high to near $53.00 on some profit-taking
Silver price ( XAG/USD) trades in the negative territory around $53.10 during the Asian trading hours on Thursday. The white metal retreats from the all-time high of $54.86 amid some profit-taking.

Gold rallies to new record high as economic risks and Fed rate cut bets boost demand
Gold (XAU/USD) is prolonging its uptrend for the fifth straight day and scaling new record highs through the Asian session on Thursday amid global anxieties.

USD/CAD remains below 1.4050 due to ongoing US-China trade tensions
USD/CAD extends its losses for the second successive session, trading around 1.4030 during the Asian hours on Thursday. The pair depreciates as the US Dollar (USD) struggles amid market caution, driven by the escalating United States (US)-China trade tensions, the world's two largest economies.
Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy