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Forex News

Today's FXStreet Newswire

The latest news that can have the most noticeable market impact

11:30
October 02, 2023
EUR/USD: Soft and prone to renewed 1.05 test – Scotiabank
EUR/USD starts Q4 on the defensive.  Economists at Scotiabank analyze the pair's outlook.  Support 1.0490/1.0500, Resistance 1.0600/1.0610 Developing EUR gains through the latter part of last week stalled Friday and the soft close on the week effectively drew a line under the minor EUR recovery.  The trend remains the market’s friend for now and weak…
11:15
October 02, 2023
Oil whipsaws higher after UAE supports OPEC+ supply cuts ahead op COP 28
Oil (WTI) heads higher on Monday, halting the sell-off at the end of last week. The US Dollar is flat and under a bit of pressure from a risk-on market mood. The door is open towards $94 with more headlines underway in the wake of the Adipec meeting. Oil prices are recovering from the firm…
11:00
October 02, 2023
USD/MXN could extend its rise on a move beyond 17.85/18.00 – SocGen
The Mexican Peso weakened significantly last week. Economists at  Société Générale analyze USD/MXN outlook. A large downside is not envisaged USD/MXN staged the expected rebound after carving out higher trough near 17.00 in September. It has faced interim hurdle near 200-DMA and the trend line drawn since July 2022 at 17.85/18.00. A large downside is…
11:00
October 02, 2023
USD/MYR: Upward bias improves further – UOB
Further upside appears on the cards for USD/MYR in the near term, notes Markets Strategist Quek Ser Leang UOB Group. Key Quotes Our view for USD/MYR to trade in a range last week was incorrect. Instead of trading in arrange, USD/MYR rose to a high of 7.7060. Upward momentum is improving, and this week, USD/MYR…
10:30
October 02, 2023
EUR/USD: Real costs of QE and regulation are much higher for Europe than is usually assumed – Commerzbank
Why has the Euro been so weak for so long? Ulrich Leuchtmann, Head of FX and Commodity Research at Commerzbank, analyzes the shared currency outlook. Europeans are getting poorer on a permanent basis Permanent EUR undervaluation means that we Europeans are getting poorer on a permanent basis. Sometimes that can become quite obvious, for example…
10:30
October 02, 2023
AUD/JPY retreats from 96.00 ahead of RBA policy
AUD/JPY falls back from 96.00 as investors remain cautious ahead of RBA policy. The RBA is expected to maintain a neutral stance on interest rates along with hawkish guidance. Caixin Manufacturing PMI missed estimates but remained below the 50.0 threshold in September. The AUD/JPY pair faces selling pressure after a pullback move to near 96.00 in…
10:15
October 02, 2023
Short-run risks suggest scope for the USD sell-off to extend – MUFG
USD has corrected weaker and could extend further over the very short-term, economists at MUFG Bank report. Scope for Dollar strength to remerge This USD weakness could extend further over the short-term but we remain sceptical about this being a sustained turnaround. The move looks technical and month-end flows could be influencing price action.  Yields…
10:00
October 02, 2023
Gold price faces pressure despite soft US PCE inflation, US Manufacturing PMI eyed
Gold price refreshes six-month low near $1,840.00 as US Treasury yields extend upside. A soft US core PCE report has trimmed consumer inflation expectations. Fed’s Williams sees interest rates near their peak as the labor market imbalance declines. Gold price (XAU/USD) continues its losing spell despite the fact that Friday’s soft core Personal Consumption Expenditures…
10:00
October 02, 2023
EUR/GBP: A 0.8600-0.8700 range may be the story for the majority of October – ING
Economists at ING analyze EUR/GBP outlook. Bank of England survey to help cement expectations for a November pause EUR/GBP is settling into a 0.8600-0.8700 range and that may be the story for the majority of October.  There are only a few inputs ahead of the next BoE meeting on November 2nd, where we look for unchanged…
9:45
October 02, 2023
GBP/JPY Price Analysis: Advances to 184.00 as market sentiment improves
GBP/JPY approaches 184.00 as the risk-aversion theme eases. UK’s Manufacturing PMI remains below the 50.0 threshold for the 14th time in a row. GBP/JPY trades in a Rising Channel pattern in which each pullback is considered a buying opportunity. The GBP/JPY pair falls back after the S&P Global reported a nominal improvement in the United…