GBP/USD: Expected to drift lower, potentially below 1.3050 – UOB Group
The Pound Sterling (GBP) is expected to drift lower, potentially dropping below 1.3050; lackluster momentum suggests 1.3000 is out of reach.
AUD/USD Price Analysis: Retreat from 0.6740 amid caution ahead of US Inflation
The AUD/USD pair falls back after a short-lived pullback to near 0.6740 in Thursday’s European session.
USD mixed ahead of CPI – Scotiabank
The US Dollar (USD) is trading mixed ahead of the US CPI print, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
Forex Today: Hawkish FOMC Minutes lift US Dollar ahead of key inflation data
Here is what you need to know on Thursday, October 10: After having stayed relatively quiet since the beginning of the week, the US Dollar (USD) gathered bullish momentum in the American trading hours on Wednesday, with the USD Index climbing to its highest level since mid-August near 103.00.
NZD/USD: Likely to consolidate between 0.6050 and 0.6100 – UOB Group
The New Zealand Dollar (NZD) is likely to consolidate between 0.6050 and 0.6100.
USD/CNH: Likely to trade between 7.0300 and 7.1200 – UOB Group
The US Dollar (USD) could rise to 7.1060 before the risk of a pullback increases.
GBP/USD: Soft undertone persists – Scotiabank
The Pound Sterling (GBP) is little changed on the day, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
The Dollar Index to ease back towards 102 – DBS
The USD’s near-term direction will hinge on US CPI tonight, especially after markets were wrong-footed by strength in non-farm payrolls, DBS’ FX analyst Philip Wee notes.
AUD/USD: Can potentially fall towards 0.6670 – UOB Group
A break 0.6700 is not ruled out; given the mild momentum, AUD may not be able to maintain a foothold below this level.
US Dollar flat with markets remaining calm after messy CPI release
The US Dollar (USD) sees its rally stalling for now after the release from the US Consumer Price Index (CPI) data and the weekly Jobless Claims. Main takeaway is that all CPI components are coming in higher than expected, and is halting the
Gold rebounds after initially weakening following mixed US data
Gold (XAU/USD) trades back in the $2,620s on Thursday after bouncing off the psychological $2,600 level
Forex Today: US inflation data gathers all the looks
The Greenback rose further and reached new multi-week highs supported by higher yields and rising speculation of a 25 bps rate cut by the Fed in November, all ahead of the publication of the key US CPI on Thursday.
Pound Sterling Price News and Forecast: GBP/USD bears gather steam, push prices below 1.3100
The British Pound lost some ground against the Greenback on Wednesday as traders await minutes of the Federal Reserve’s last meeting and US inflation data on Thursday.
GBP/USD: Flat range but undertone remains soft – Scotiabank
The Pound Sterling (GBP) is trading marginally lower on the day, reflecting the generally soft tone of the major currencies against the USD, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
NZD/USD Price Forecast: Plunges below 0.6100 on RBNZ 50 bps rate cut
The NZD/USD pair faces an intense sell-off and slides below the round-level support of 0.6100 in Wednesday’s North American session.
Pound Sterling Price News and Forecast: GBP stays below key level as focus shifts to FOMC Minutes
GBP/USD managed to post small gains on Tuesday but failed to reclaim 1.3100.
US Dollar pops with Fed's Logan reassuring markets on rate cuts to come
The US Dollar (USD) is recovering and is advancing higher against nearly all major G10 currencies. The Greenback is jumping higher after comments from the Federal Reserve of Dallas President Lorie Logan who said the Fed can continue to cut
USD/CNH: Likely to trade between 7.0530 and 7.0930 – UOB Group
The US Dollar (USD) could continue to trade in a range, likely between 7.0530 and 7.0930.
AUD/USD flirts with 50-day SMA, seems vulnerable near multi-week low ahead of FOMC minutes
The AUD/USD pair attracts fresh sellers following an intraday uptick to the 0.6760 area and drifts into negative territory for the fifth straight day on Wednesday.
AUD/USD: Expected to trade in a range between 0.6725 and 0.6780 – UOB Group
The Australian Dollar (AUD) is expected to trade in a range between 0.6725 and 0.6780.
EUR/USD churns on indecisive Tuesday
EUR/USD held steady on Tuesday, failing to recapture the 1.1000 handle but arresting Fiber’s recent backslide from the 1.1200 region.
EUR/USD sees more downside below 1.0950 as ECB dovish bets swell
EUR/USD walks on a thin rope near the eight-week low of 1.0950 in Wednesday’s New York session.
Forex Today: RBNZ opts for a 50 bps cut, FOMC Minutes next
Here is what you need to know on Wednesday, October 9: The action in financial markets remain choppy midweek, with investors' search for the next catalyst continues.
GBP/USD trades cautiously below 1.3100 with FOMC minutes on the horizon
The GBP/USD pair trades with caution below the crucial resistance of 1.3100 in Wednesday’s London session.
GBP/USD: To trade in a sideways range of 1.3065/1.3135 – UOB Group
The Pound Sterling (GBP) is expected to trade in a sideways range of 1.3065/1.3135.
NZD/USD: Still seems weak – UOB Group
The New Zealand Dollar (NZD) still seems weak; it remains to be seen if it has enough momentum to reach the next major support at 0.6075, UOB Group Quek Ser Leang and Peter Chia note.
last updated on 10 Oct 15:17