News
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EUR/USD picks up from lows with Eurozone Services PMI data in focus
EUR/USD shows marginal gains on Friday, trading at the 1.1715 area at the time of writing. The pair has been moving in a choppy and volatile manner for the last few days, with the US in a data void, amid the closure of the federal government.Fxstreet
Fri, Oct 3
USD/CAD drifts lower to near 1.3950 as Fed rate cut bets grow
The USD/CAD pair loses ground near 1.3960, snapping the three-day winning streak during the early European session on Friday. The uncertainty surrounding the US government shutdown weighs on the US Dollar (USD) against the Canadian Dollar (CAD).
Fxstreet
Fri, Oct 3
BOJ's Ueda warns of global uncertainty, keeps markets guessing on next hike
Global uncertainty may prod firms to cut costs, Ueda says'Quite significant' uncertainty remains on tariff impactUeda wants to gather information in talks during IMF meetingUnderlying inflation to rise in tandem with actual price movesYen weakens vs dollar as markets saw remarks as dovishBy ...Reuters
Fri, Oct 3
GBP/USD strengthens above 1.3430 as traders weigh impact of US government shutdown
The GBP/USD pair posts modest gains around 1.3435 during the Asian trading hours on Friday. The US Dollar (USD) weakens against the Pound Sterling (GBP) as the US job market slows down and the government enters a shutdown.
Fxstreet
Fri, Oct 3
GBP/JPY rebounds to mid-198.00s as JPY weakens on political uncertainty and risk-on mood
The GBP/JPY pair gains strong positive traction on Friday and now seems to have snapped a four-day losing streak to a nearly one-month low, around the 197.50-197.45 region, touched the previous day.
Fxstreet
Fri, Oct 3
FOREX-Yen trims weekly advance as investors weigh BOJ, election impacts
BOJ's Ueda cautious on global economy, lowering imminent rate-hike betsFedWatch Tool shows 89% probability of December rate cutDollar rebounds despite U.S. government shutdownBy Rocky Swift TOKYO, Oct 3 (Reuters) - The yen edged lower on Friday, trimming its sharpest weekly gain in more than ...Reuters
Fri, Oct 3
EUR/GBP treads water above 0.8700 as traders expect ECB to remain cautious
EUR/GBP extends its gains for the second successive session, trading around 0.8720 during the Asian hours on Friday. The currency cross appreciates as the Euro (EUR) gains ground due to the potential for a cautious policy stance from the European Central Bank (ECB).
Fxstreet
Fri, Oct 3
NZD/USD sticks to gains above 0.5800; lacks bullish conviction amid USD uptick
The NZD/USD pair attracts fresh buyers following the previous day's good two-way price swings and holds above the 0.5800 mark through the Asian session on Friday. Spot prices, however, remain below a one-week high and the 200-day Simple Moving Average (SMA) touched on Thursday.
Fxstreet
Fri, Oct 3
EUR/JPY Price Forecast: Stays above 173.00 after rebounding from 50-day EMA
EUR/JPY gains ground after a neutral day, trading around 173.10 during the Asian hours on Friday. The technical analysis of the daily chart indicates a revival of bullish bias as the currency cross rebounded toward the ascending channel pattern.
Fxstreet
Fri, Oct 3
Japan's markets gird for leadership vote with stocks, bonds on edge
Subdued market reaction seen from Koizumi victoryWin by dovish Takaichi could steepen yield curve, weaken yenDark horse Hayashi supports BOJ rate hikes, opposes large stimulusBy Junko Fujita and Kevin Buckland TOKYO, Oct 3 (Reuters) - Japanese markets are bracing for a crucial ruling party vote t...Reuters
Fri, Oct 3
