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BoJ: Takaichi strengthens ties with Trump - Commerzbank
The Bank of Japan will meet on Thursday night for its penultimate monetary policy meeting this year, Commerzbank's FX analyst Volkmar Baur notes.

Dow Jones futures stay firm ahead of Fed policy decision, tech giants results
Dow Jones futures hold firm above 47,850 during European hours, with the S&P 500 futures and Nasdaq 100 futures gaining 0.27% and 0.48%, trading around 6,950 and 26,300, respectively, ahead of the opening of the United States (US) regular session on Wednesday.

EUR: Soft momentum on the day - ING
EUR/USD lost some ground overnight and is lagging other G10 currencies this week, ING's FX analyst Francesco Pesole notes.

AUD: A rate cut seems unlikely now - Commerzbank
In September, the Reserve Bank of Australia left interest rates unchanged but hinted that it wanted to cut them further. Although it was prepared for inflation to rise slightly again over the coming months, the central bank did not appear particularly concerned.

GBP/JPY dives further, nears 201.00 as the Yen firms up
The Pound remains heavily offered against the Japanese Yen for the second consecutive day on Wednesday.

RBA: Raising our terminal rate forecast - Standard Chartered
Q3 CPI surprised to the upside, with core CPI back at the upper end of the RBA's target range. The RBA is expected to keep the cash rate unchanged in Q4, having expected a cut previously.

USD/CAD Price Forecast: Holds losses below 1.3950, lower rectangle boundary
USD/CAD extends its losses for the third successive session, trading around 1.3930 during the early European hours on Wednesday. The short-term price momentum is weaker as the pair is falling below the nine-day Exponential Moving Average (EMA).

Pound Sterling refreshes almost three-month low against US Dollar ahead of Fed's monetary policy
The Pound Sterling (GBP) posts a fresh almost three-month low at around 1.3230 against the US Dollar (USD) during the European trading session on Wednesday.

China's Foreign Ministry: Xi and Trump to discuss ties and issues of common concern
Chinese Foreign Ministry said during Wednesday's European session that the meeting between leader Xi Jinping and United States (US) President Donald Trump on Thursday will inject new momentum into steady US-China relations.

Forex Today: Focus shifts to Fed and BoC policy decisions
Here is what you need to know on Wednesday, October 29:

Crude oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Wednesday, early in the European session. WTI trades at $60.21 per barrel, up from Tuesday's close at $60.03.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $63.85 price posted on Tuesday, and trading at $64.01.

WTI recovers above $60.00 as Fed rate decision looms
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $60.05 during the early European trading hours on Wednesday. The WTI recovers some lost ground amid a larger-than-expected crude oil draw and expectation of a US rate cut.

EUR/GBP holds positive ground above 0.8750, traders brace for ECB rate decision
The EUR/GBP cross posts modest gains near 0.8785 during the early European session on Wednesday. The Euro (EUR) edges higher against the Pound Sterling (GBP) ahead of the European Central Bank (ECB) later on Thursday.

US Dollar Index advances to near 99.00 ahead of Fed policy decision
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is gaining ground after two days of losses and trading around 98.90 during the Asian hours on Wednesday.

Silver Price Forecast: XAG/USD recovers further to $47.50; not out of the woods yet
Silver (XAG/USD) is trading with a positive bias during the Asian session on Wednesday and looking to build on the overnight bounce from the vicinity of mid-$45.00s, or the lowest level since September 25.

USD/CHF gains slightly to near 0.7940, investors await Fed's policy
The USD/CHF pair rises slightly to near 0.7940 during the late Asian trading session on Wednesday. The Swiss Franc pair gains as the US Dollar (USD) trades marginally higher ahead of the monetary policy announcement by the Federal Reserve (Fed) at 18:00 GMT.

US President Donald Trump says will not have Fed raising interest rates
US President Donald Trump landed in South Korea on Wednesday for the final leg of his Asia trip. Trump stated that we will not have the Federal Reserve (Fed) raise interest rates.

USD/INR opens higher ahead of Fed's monetary policy
The Indian Rupee (INR) declines at open against the US Dollar (USD) on Wednesday. The USD/INR jumps to near 88.50, while the US Dollar trades slightly higher ahead of the Federal Reserve's (Fed) monetary policy announcement at 18:00 GMT.

EUR/JPY slips below 177.00 as traders adopt caution ahead of upcoming BoJ decision
EUR/JPY continues to lose ground for the second consecutive day, trading around 176.90 during the Asian hours on Wednesday. The currency cross weakens as the Japanese Yen (JPY) gains ground, with investors positioning ahead of the Bank of Japan's (BoJ) policy decision on Thursday.

EUR/USD softens below 1.1650 ahead of Fed rate decision
The EUR/USD pair loses ground to near 1.1635 during the Asian trading hours on Wednesday. Optimism surrounding US-China trade deals weighs on the riskier currency, like the Euro (EUR) against the US Dollar (USD).
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