Dow Jones futures gain on confirmation of the Trump-Xi meeting, US CPI awaited
Dow Jones futures rise 0.16% to trade near 47,000 during European hours, ahead of the opening of the regular United States (US) session on Friday. The S&P 500 futures rise 0.26% to trade near 6,800, while Nasdaq 100 futures surge 0.41% to move above 25,350 at the time of writing.
Germany HCOB Services PMI came in at 54.5, above expectations (51) in October
Germany HCOB Services PMI came in at 54.5, above expectations (51) in October
Germany HCOB Manufacturing PMI came in at 49.6, above forecasts (49.5) in October
Germany HCOB Manufacturing PMI came in at 49.6, above forecasts (49.5) in October
Crude oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Friday, early in the European session. WTI trades at $61.33 per barrel, down from Thursday’s close at $61.60.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $65.04 after its previous daily close at $65.29.
United Kingdom Retail Sales ex-Fuel (MoM) declined to 0.6% in September from previous 0.8%
United Kingdom Retail Sales ex-Fuel (MoM) declined to 0.6% in September from previous 0.8%
United Kingdom Retail Sales ex-Fuel (YoY) came in at 2.3%, above expectations (0.7%) in September
United Kingdom Retail Sales ex-Fuel (YoY) came in at 2.3%, above expectations (0.7%) in September
USD/INR recovers early losses ahead of US CPI, US-China trade talks
The Indian Rupee (INR) gives back early gains and turns negative against the US Dollar (USD) during late trading hours in India on Friday.
BREAKING: UK Retail Sales rise 0.5% MoM in September vs. -0.2% expected
The United Kingdom (UK) Retail Sales climbed 0.5% month-over-month (MoM) in September after advancing 0.6% in August (revised from 0.5%), according to the latest data published by the Office for National Statistics (ONS) on Friday.
Indonesia Bank Indonesia Rate came in at 4.75%, above expectations (4.5%)
Indonesia Bank Indonesia Rate came in at 4.75%, above expectations (4.5%)
GBP/JPY tumbles to near 202.00 on slower-than-expected UK inflation growth
The GBP/JPY pair is down 0.5% to near 202.00 during the European trading session on Wednesday.
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.