











Show:

NZD/USD edges lower to near 0.5650 as US government shutdown end in sight
The NZD/USD pair declines to around 0.5655 during the early Asian session on Wednesday. Optimism over a potential deal to end the US government shutdown provides some support to the US Dollar (USD) against the New Zealand Dollar (NZD).

RBA's Jones says markets struggling to price risk
Reserve Bank of Australia (RBA) Assistant Governor (Financial System) Brad Jones spoke on Wednesday at the Association of Superannuation Funds of Australia (ASFA) Conference, Broadbeach.

Gold Price Forecast: XAU/USD extends upside to near $4,150 as ADP report shows US job losses
Gold price (XAU/USD) extends the rally to around $4,140 during the early Asian session on Wednesday. The precious metal gains momentum on further bets of a rate cut by the US Federal Reserve (Fed) by year-end. Traders will keep an eye on the Fedspeak later on Wednesday.

Gold Price Forecast: XAU/USD extends upside to near $4,150 as ADP report shows US job losses
Gold price (XAU/USD) extends the rally to around $4,140 during the early Asian session on Wednesday. The precious metal gains momentum on further bets of a rate cut by the US Federal Reserve (Fed) by year-end. Traders will keep an eye on the Fedspeak later on Wednesday.

GBP/USD rebound challenged by downbeat UK labor data
GBP/USD hit a fresh bearish challenge on Tuesday, hitting a snag and snapping a four-day winning streak. The pair remains hamstrung just south of the 1.3200 handle, and Cable traders will need a fresh shock to push Pound Sterling (GBP) bids back onto the high side.

USD/CHF Price Forecast: Extends slide toward 0.8000
The USD/CHF dives for the fourth consecutive day, trades at around 0.8000 after losing 0.55% late Tuesday, during the North American session. Worse than expected US economic data, and a tariff reduction to Switzerland, boosted the Swiss Franc during the trading session.

USD/JPY holds positive ground above 154.00 as US Senate moves to end shutdown
The USD/JPY pair trades in positive territory near 154.10 during the early Asian session on Wednesday. The US Dollar (USD) strengthens against the Japanese Yen (JPY) amid optimism over a potential deal to end the US government shutdown.

EUR/USD rises to 1.1590 as weak US data pressures Dollar
The Euro advances during the North American session posting gains of 0.30% as the Greenback tumbles on worse than expected US ADP jobs data and business turning pessimistic on the economic outlook. The EUR/USD trades at 1.1590 after bouncing of daily lows of 1.1547.

Gold holds near $4,110 as markets await House vote on US funding bill
Gold price remains flat on Tuesday after reaching a three-week high of $4,148, but at the time of writing trades at around $4,110 amid a US government reopening looming as the Senate passes the stopgap funding bill, now on its way to the House of Representatives.

FX Today: Fed speakers should keep investors entertained
The US Dollar (USD) extended its decline to fresh monthly lows as investors reacted to weaker-than-expected ADP employment data, which reignited speculation that the Federal Reserve could deliver additional easing.

USD/JPY steadies near 154.00 as markets weigh weak US jobs data and cautious BoJ stance
The Japanese Yen (JPY) trades little changed against the US Dollar (USD) on Tuesday, with USD/JPY showing limited direction despite a softer Greenback as investors remain cautious over the Bank of Japan's (BoJ) monetary policy path.

Dow Jones Industrial Average brushes off fears as government funding deal inches forward
The Dow Jones Industrial Average (DJIA) found some room to move higher on Tuesday, despite a general malaise setting into other major stock indexes as the AI tech rally continues to sputter.

AUD/USD pulls back as upbeat Aussie data meets US political relief
AUD/USD trades slightly lower on Tuesday, hovering around 0.6530 at the time of writing, down 0.15% on the day. After reaching a weekly high at 0.6540 on Monday, the pair is consolidating amid hesitant market sentiment.

EUR/GBP Price Forecast: Technical outlook remains constructive as pair eyes breakout above 0.8830
The Euro (EUR) trades on the front foot against the British Pound (GBP) on Tuesday as the Pound comes under pressure following weak UK labor market data. At the time of writing, EUR/GBP is trading around 0.8800, up nearly 0.30% on the day.

GBP/USD flat as UK unemployment rise boosts BoE rate cut expectations
The Pound Sterling recovers some ground and trims some earlier losses on Tuesday following the release of softer than expected labor market figures in the UK, increasing speculation that the Bank of England could cut ratees at the December meeting.

WTI rises as US funding bill fuels demand recovery optimism despite supply concerns
West Texas Intermediate (WTI) US Oil stabilizes around $60.75 on Tuesday at the time of writing, up 1.20% on the day, supported by hopes that the reopening of the US government will revive economic activity.

USD/CAD extends losses as weak US labor data boosts Fed cut expectations
The Canadian Dollar strengthens against the US Dollar (USD) on Tuesday, with USD/CAD reversing earlier gains as the Greenback weakens following soft labor market data. At the time of writing, the pair is trading around 1.4008, hovering near two-week lows.

EUR/JPY rises as Euro gains on resilience, Yen pressured by dovish BoJ stance
EUR/JPY trades around 178.30 on Tuesday at the time of writing, up 0.10% for the day, as markets digest the latest economic indicators from Germany and the ongoing uncertainty surrounding Japan's monetary policy.

EUR/CHF slides to two-week low as Swiss Franc strengthens on US-Switzerland trade optimism
The Euro (EUR) weakens against the Swiss Franc (CHF) on Tuesday as the Franc shows relative strength among major peers amid optimism over a potential US-Switzerland trade deal.

ADP Employment Change 4-week Average comes in at -11.25K
For the four weeks ending October 25, private employers shed an average of 11,250 jobs a week, the Automatic Data Processing (ADP) reported on Tuesday.
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