











Show:

EUR/JPY steadies as risk aversion supports Yen, Euro faces mixed data
EUR/JPY stabilizes around 176.50 on Wednesday at the time of writing, up 0.10% for the day, after hitting a two-week low at 175.70 earlier in the day.

USD/CAD: Canada boosts capital spending in new budget - BBH
Canada's government ramps up capital spending, keeping deficits low and supporting the BoC's ability to maintain rates, underpinning the Canadian Dollar (CAD), BBH FX analysts report.

NZD rebounds after wobbly start on soft labor data - BBH
New Zealand Dollar (NZD) recovered after soft Q3 labor data signaled weakening employment, with markets fully pricing in a November RBNZ rate cut, BBH FX analysts report.

Silver Price Forecast: XAG/USD recovery stalls below $48,00
Silver (XAG/USD) is posting a frail recovery on Wednesday, trimming losses after a three-day reversal.

USD/JPY consolidates around 153.60 amid divergence - BBH
USD/JPY remains around 153.60 as Japan's on-hold policy stance keeps the pair elevated despite yield-based valuation concerns, BBH FX analysts report.

USD/CNH might edge higher to 7.1390 - UOB Group
Slight increase in upward momentum suggests US Dollar (USD) could edge higher to 7.1390. In the longer run, there is scope for USD to test 7.1450, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

EUR/USD trades below 1.1500 as wage growth eases - BBH
EUR/USD remains under pressure below 1.1500 as ECB wage data point to easing pay growth, reinforcing expectations the central bank will keep rates steady, BBH FX analysts report.

USD/JPY: Scope to move lower to 153.00 - UOB Group
There is scope for US Dollar (USD) to move lower to 153.00; based on the current momentum, it is unlikely to break clearly below this level. In the longer run, USD appears to have entered a 152.40/154.40 range-trading phase, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

USD nears 200-DMA ahead of key US data - BBH
US Dollar (USD) continues to grind higher, nearing its 200-day moving average. Global stock markets are still under pressure, but the losses are more limited than yesterday, BBH FX analysts report.

Gold steadies ahead of ADP and ISM reports; US Dollar strength caps upside
Gold (XAU/USD) holds steady within familiar ranges on Wednesday as a mild risk-off tone across global markets underpins demand for the safe-haven metal. At the time of writing, XAU/USD is trading around $3,965, recovering modestly from Tuesday's low of $3,928.

USD/JPY trims recent losses, nearing 154.00 with US data on tap
The US Dollar is trimming some losses against the Japanese Yen, returning to levels near 154.00 on Wednesday's European session, after hitting lows right below 152.00 on Tuesday.

WTI rebounds as geopolitical risks offset bearish US inventory buildup
West Texas Intermediate (WTI) US Oil trades around $60.80 on Wednesday at the time of writing, gaining 1.0% on the day after dipping to the $60.00 region earlier.

EUR/GBP Price Forecast: Euro is testing support at 0.8800 area
The Euro is pulling back from two-year highs near 0.8830 to test support at the 0.8800 area.

NZD/USD: The support at 0.5600 is unlikely to come under threat - UOB Group
Outsized drop appears to be overdone, but New Zealand Dollar (NZD) could test 0.5620. The next support at 0.5600 is unlikely to come under threat. In the longer run, downward pressure has increased; NZD could weaken to 0.5600 next, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

USD/BRL finds support at channel base bear 5.27 - Société Générale
USD/BRL is stabilizing after testing key support levels, with technical signals suggesting scope for a short-term rebound toward 5.52, Société Générale's FX analysts note.

AUD/USD might drop further to 0.6465 - UOB Group
Strong momentum suggests Australian Dollar (AUD) could drop further to 0.6465; the major support at 0.6445 is likely out of reach for now.

GBP/USD extends decline after breaking 1.3140 support - Société Générale
GBP/USD continues to slide after breaching key support levels, with downside momentum intact and limited signs of recovery ahead, Société Générale's FX analysts note.

China bans foreign AI chips for state-funded data centres
Citing two sources familiar with the matter, Reuters reported on Wednesday that China issued a guide that would stipulate new data centre projects that have received any state funds to only use domestically developed Artificial Intelligence (AI) chips.

US ISM Services PMI expected to post a mild uptick in the services industry
The Institute for Supply Management (ISM) is scheduled to release the October Services Purchasing Managers' Index (PMI) on Wednesday.

GBP/USD: Chance for GBP/USD to break below 1.3000 - UOB Group
There is a chance for GBP to break below 1.3000; given the deeply oversold conditions, any further decline is unlikely to reach 1.2960. In the longer run, GBP is still negative, but further downside may be limited.
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