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EUR/JPY Price Forecast: Softens below 178.00, bearish outlook remains intact under 100-day SMA
The EUR/JPY cross trades with mild losses near 177.70 during the early European trading hours on Tuesday. The Euro (EUR) weakens against the Japanese Yen (JPY) as street riots in France raise concerns over political stability.
Fxstreet
Tue, Oct 20
GBP/USD Price Forecast: Reflects strength above 20-day EMA ahead of UK job data
The British Pound (GBP) is up 0.22% higher at around 1.3333 against the US Dollar (USD) during the Asian session on Tuesday. The GBP/USD pair trades higher ahead of the United Kingdom (UK) labor market data for three months ending August, which will be published at 06:00 GMT.
Fxstreet
Tue, Oct 20
Swiss Franc gains as US Dollar weakens on Fed rate pause bets
USD/CHF depreciates after posting modest gains the previous day, trading around 0.8250 during Asian hours on Tuesday. The pair loses ground as the US Dollar (USD) weakens under growing market expectations that the Federal Reserve (Fed) will leave interest rates unchanged.
Fxstreet
Tue, Oct 20
EUR/USD Price Forecast: Multiple headwinds for Euro backs downside bias
The Euro (EUR) is up 0.15% at around 1.1230 against the US Dollar (USD) during the Asian trading session on Tuesday. The major currency pair gains as the US Dollar is under pressure ahead of Meta Q3 earnings on Wednesday.
Fxstreet
Tue, Oct 20
Silver Price Forecast: XAG/USD rises to near $57.50 despite rising inflation concerns
Silver price (XAG/USD) gains ground for the second successive day, trading around $57.40 per troy ounce during Asian hours on Tuesday. However, Silver prices may fall as elevated oil prices heighten inflation concerns and reinforce expectations of tighter monetary policy.Fxstreet
Tue, Oct 20
British Pound gains ground amid diverging Fed-BoE expectations
GBP/USD gains ground after posting modest losses the previous day, trading around 1.3310 during Asian hours on Tuesday. The currency pair appreciates as the US Dollar (USD) weakens on growing market expectations that the Federal Reserve (Fed) will leave interest rates unchanged.Fxstreet
Tue, Oct 20
New Zealand Dollar holds steady above 0.5650 as PBOC holds Loan Prime Rates steady
The NZD/USD pair trades on a flat note around 0.5665 during the early Asian trading hours on Tuesday. Traders prefer to wait on the sidelines ahead of New Zealand’s Consumer Price Index (CPI) inflation data on Thursday.
Fxstreet
Tue, Oct 20
Euro holds gains above 1.1200 despite French turmoil
The EUR/USD pair holds positive ground near 1.1215 during the early European session on Tuesday. However, the potential upside for the pair might be limited as violent protests in France add to concerns about the country's worsening fiscal outlook.Fxstreet
Tue, Oct 20
Australian Dollar eyes 0.70 as China GDP surprise powers rally
The Australian Dollar registers two days of consecutive gains versus the US Dollar, trading at 0.6980, up more than 0.50% as risk appetite improved, while the Aussie was supported by strong data on China’s GDP and Retail Sales.
Fxstreet
Mon, Oct 19
AUD/JPY Price Forecast: Falling wedge breakout puts 112.00 in play
The AUD/JPY advances late on Monday during the North American session, up 0.88%, as the cross-pair continues to trade above the resistance trendline of a ‘falling wedge,’ a bullish chart pattern that could open the door to testing higher prices.
Fxstreet
Mon, Oct 19
GBP/JPY Price Forecast: Trendline breakout puts 213.00 in sight
The GBP/JPY advances by some 0.16% and extends its rally for the third straight day, with the cross pair trading at 210.93 as it approaches the September 18 high of 211.28, seen as the next key resistance ahead of the 50-day Simple Moving Average (SMA).
Fxstreet
Mon, Oct 19
Mexican Peso finds relief in Fed pause bets, but carry risks linger
The Mexican Peso appreciates against the US Dollar amid speculation that the interest rate differential between Mexico and the US will remain unchanged, with the Federal Reserve projected to hold rates steady at the October meeting. The USD/MNX trades at 18.41, down 0.44%.
Fxstreet
Mon, Oct 19
New Zealand Dollar gains as traders await third-quarter inflation data
NZD/USD trades with a mild positive bias on Monday as the New Zealand Dollar (NZD) benefits from improved risk sentiment. However, a rebound in US Treasury yields following last week’s pullback supports the US Dollar (USD), capping the pair’s upside.Fxstreet
Mon, Oct 19
British Pound: Weekly reversal targets range highs against US Dollar – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret note GBP/USD is little changed as markets await UK labour data, Consumer Price Index (CPI) and next week’s budget, where investors expect Chancellor Healey to maintain fiscal discipline. Technically, the British Pound (GBP) has staged a strong bullish weekly reversal from the lower end of its sideways range, with scope to retest 1.3650/75 and initial resistance at the 200-day moving average near 1.3435.Fxstreet
Mon, Oct 19
Loonie gives back part of its rally on soft Canadian inflation
Canadian inflation came in under forecast, and USD/CAD rose off its lowest level since September 23 on the release, though it's still on track for a third straight loss. The low just above 1.4050 came in the bars before the numbers, and the price went back above 1.4100 in the release bar.Fxstreet
Mon, Oct 19
Canadian Dollar: Inflation risks and rate path – RBC
Royal Bank of Canada (RBC) economist Abbey Xu notes Canadian inflation edged up to 3.1% year-over-year in September, slightly below consensus. Core measures such as Consumer Price Index (CPI) excluding food and energy and the Bank of Canada’s (BoC) CPI-trim and CPI-median remain near 2%.Fxstreet
Mon, Oct 19
Australian Dollar pushes higher on hawkish RBA signals, upbeat Chinese growth
AUD/USD extends its gains on Monday, trading around 0.6980, up 0.51% on the day at the time of writing. The Australian Dollar (AUD) benefits from hawkish comments by a Reserve Bank of Australia (RBA) official and stronger-than-expected economic growth in China, Australia's largest trading partner.Fxstreet
Mon, Oct 19
Swiss Franc struggles as Fed-SNB policy divergence favours Greenback
USD/CHF trades with a mild positive bias on Monday as the US Dollar (USD) steadies following last week’s pullback, which was driven by a sharp decline in US Treasury yields. At the time of writing, the pair trades around 0.8263, up 0.27% on the day.Fxstreet
Mon, Oct 19
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