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GBP/USD Price Forecast: Climbs on UK fiscal changes, stalls at 100-day SMA
The Pound Sterling recovered some ground against the Greenback after UK GILTS yields jumped after Chancellor Reeves confirmed that a change to UK fiscal rules would help fund GBP 20 billion in investment.
EUR/GBP pressured on speculation the ECB is sharpening its sword
EUR/GBP trades at two-year lows in the 0.8320s on Thursday, having fallen a quarter of a percent on the day mainly due to a softer Euro (EUR).
USD/JPY corrects to near 152.00, more upside likely amid BoJ rate hike uncertainty
The USD/JPY pair falls to near 152.00 in Thursday's North American session after refreshing a 12-week high near 153.20 on Wednesday.
Sanctions risks on Palladium reignite buying activity - TDS
CTA trend followers are adding to their Palladium longs as price action triggers uptrend signals, TDS' Senior Commodity Strategist Daniel Ghali notes.
BoE's Mann: Service prices still have a long way to go
Bank of England's policymaker Catherine Mann suggested that prices in the services sector still remain elevated.
Fed's Hammack: Reasonable to expect more disinflation
Federal Reserve Bank of Cleveland President Beth Hammack argued on Thursday that while inflationary pressures have been easing, they have not yet reached the desired levels.
US: Initial Jobless Claims increased less than expected last week
US citizens filing new applications for unemployment insurance rose to 227K for the week ending October 18, as reported by the US Department of Labor (DoL) on Thursday.
GBP/USD rebounds from low 1.29s - Scotiabank
UK PMI data for October were broadly weaker than forecast. Manufacturing, Services and Composite readings all held above the 50 point this month but the sharp drop in Manufacturing (50.3, from 51.5) and the Composite measure (51.7, from 52.6) suggests a notable slowing in growth momentum, Scotiabank's Chief FX Strategist Shaun Osborne notes.
EUR/USD: EUR undertone remains weak - Scotiabank
The Euro (EUR) is nudging back over the 1.08 line as trading gets going in North America, Scotiabank's Chief FX Strategist Shaun Osborne notes.
USD/CAD: Push downwards to potentially extend to test support at 1.3750 - Scotiabank
The Bank of Canada (BoC) duly delivered the 50bps cut that the markets were more or less expecting yesterday.
GBP/CAD Price Forecast: Possibly extending higher in Rising Wedge pattern
GBP/CAD continues trading higher in what looks like a Rising Wedge pattern.
USD slips as US Yields drift - Scotiabank
The US Dollar (USD) is trading broadly lower on the day. Stocks are trading mixed (mostly lower in Asia, firmer in Europe, with US equity futures mixed) while bonds are broadly higher across the major markets.
Gold hit record highs on geopolitical risks and US election uncertainties - HSBC
Recently, uncertainties around the US elections on 5 November and geopolitical concerns have been supporting Gold.
JPY: Intervention risk steps up after sharp yen sell-off - MUFG
The Japanese Yen (JPY) has rebounded modestly overnight following yesterday's sharp sell-off.
EUR: ECB officials start to talk up possibility of larger 50bps cuts - MUFG
The Euro (EUR) has continued to weaken against the US dollar since last week's ECB policy meeting with EUR/USD falling to an intra-day low of 1.0761 on Wednesday, MUFG's FX analyst Lee Hardman notes.
Silver Price Forecast: XAG/USD bounces back above $34 on safe-haven bid
Silver price (XAG/USD) rebounds strongly above $34.00 in Thursday's European session after declining to near $33.40 on Wednesday.
Crude Oil jumps above $72.00 on failed talks in the Middle East
Crude Oil prices continue to increase and extend weekly gains on Thursday, with traders focusing on the geopolitical side of the price action again. The repricing comes after US Secretary of State Antony Blinken failed to broker a diplomatic deal between
Gold rebounds after brief pullback as geopolitical risks rise
Gold (XAU/USD) recovers to trade back in the $2,730s on Thursday, after a 1.2% sell-off on the previous day, most probably driven by profit-taking.
USD/CNH: To trade in a range between 7.1180 and 7.1440 - UOB Group
The US Dollar (USD) is expected to trade in a range between 7.1180 and 7.1440.
ZAR setback likely to be temporary - Commerzbank
The South African rand lost around one percent against the US dollar yesterday.
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