USD/CAD extends losses below 1.4000 amid higher Oil prices
The US Dollar is losing ground for the second consecutive day against the Loonie, reaching lows right below 1.4000 on Wednesday’s early European session, after having peaked at 1.4080 last week.
Forex Today: Pound Sterling drops on soft UK inflation data
Here is what you need to know on Wednesday, October 22:
AUD/JPY Price Forecast: Retains positive bias above 98.50 amid fiscal expansion bets
The AUD/JPY cross extends its upside to around 98.80 during the early European session on Wednesday.
Gold drifts higher on softer US Dollar, traders await US CPI release, US-China trade talks
Gold price (XAU/USD) recovers to near $4,150 during the early European trading hours on Wednesday. The precious metal gains ground amid concerns over the impact of the US government shutdown and ongoing fears about unsustainable government debt globally.
Japanese Yen holds gains as Reuters poll suggests a BoJ rate hike by March 2026
The Japanese Yen (JPY) maintains its position against the US Dollar (USD) on Wednesday after three days of losses. The USD/JPY pair depreciated as the JPY gained ground following the release of Japan’s Merchandise Trade Balance Total data.
EUR/JPY Price Forecast: Hovers around 176.00 after rebounding from confluence support zone
EUR/JPY halts its four-day losing streak, trading around 176.00 during the European hours on Tuesday. The technical analysis of the daily chart indicates an ongoing bullish bias as the currency cross is positioned within the ascending channel pattern.
USD/CAD drifts higher above 1.4050 as Canadian CPI inflation looms
The USD/CAD pair gathers strength to near 1.4060 during the early European trading hours on Tuesday.
Japanese Yen might struggle to lure buyers as change in Japan’s leadership fuels BoJ uncertainty
The Japanese Yen (JPY) trims a part of its heavy intraday losses that followed a key parliamentary vote, which confirms Sanae Takaichi to become Japan’s first female Prime Minister.
Australian Dollar remains subdued as US Dollar corrects upwards
The Australian Dollar (AUD) declines against the US Dollar (USD) on Tuesday, losing its daily gains. However, the AUD/USD pair appreciated as the AUD received support from improved market sentiment amid progress on a United States (US)-Australia trade agreement.
EUR/USD: Likely to consolidate on the day – OCBC
Euro (EUR) traded subdued in absence of fresh catalyst. CPI picked up to 2.2% y/y but well within consensus. Pair was last at 1.1752 levels, OCBC’s FX analysts Frances Cheung and Christopher Wong note.
US: The third government shutdown under President Trump – UOB Group
The US government began shutting down on 1 Oct 2025 after US congressional leaders failed to agree to a short-term funding bill beyond the 30 Sep US fiscal year-end due to disagreement on healthcare subsidies and other policy demands.
WTI Oil remains capped below $62.00 on oversupply fears, US shutdown
The US Benchmark West Texas Intermediate is trading at $61.80 per barrel at the time of writing.
NZD/USD Price Forecast: Rises to near 0.5850 after breaking above nine-day EMA
NZD/USD extends its gains for the third successive session, trading around 0.5840 during the European hours on Thursday. The daily chart’s technical analysis shows that short-term price momentum has strengthened as the pair trades above the nine-day Exponential Moving Average (EMA).
Fed’s Goolsbee warns against series of rate cuts
Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee broke away from the overarching narrative of consecutive Fed rate cuts heading through the end of the year, widening the narrative gap between Fed incumbents and Donald Trump’s newly-minted Fed plant Stephen Miran.
Gold retreats from record high as Powell cools cut bets, US Dollar strengthens
Gold (XAU/USD) price turns negatively on Wednesday after rallying for three consecutive trading days, which pushed the yellow metal to a record high at $3,791, before retreating somewhat as investors digest Federal Resever (Fed) Chair Jerome Powell’s comments, which seem to pour cold water on rate c
Forex Today: SNB rate call, US GDP, Japan Tokyo CPI inflation on deck
The US Dollar lurched higher on Wednesday, sparked by a fresh round of risk aversion across the broader markets. Central banks worldwide are grappling with two-speed economies of varying degrees, and many are battling a steepening slowdown in economic activity.
Dow Jones Industrial Average extends declines from record highs
The Dow Jones Industrial Average (DJIA) followed the broader market lower on Wednesday, shedding 270 points at its lowest. Investors are taking profits and trimming their exposure to the AI-fueled tech rally ahead of the latest US employment figures and inflation data.
NZD/USD remains subdued near 0.5850 following PBOC rate decision
NZD/USD continues its losing streak for the fourth successive session, trading around 0.5860 during the Asian hours on Monday.
Silver Price Forecast: XAG/USD climbs beyond $43.00, highest since September 2011
Silver (XAG/USD) builds on Friday’s breakout momentum above the $43.00 mark and touches a fresh high since September 2011 at the start of a new week.
USD/CAD rises to near 1.3800 due to Fed’s cautious policy outlook
USD/CAD recovers its recent losses, trading around 1.3800 during the Asian hours on Monday.