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WTI declines to near $61.50 on EIA crude oil inventories surge
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $61.70 during the Asian trading hours on Thursday. The WTI edges lower amid a larger-than-expected crude inventory build.
US Dollar Index drifts lower below 99.00 as US government shutdown continues
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades on a negative note near 98.75 during the Asian trading hours on Thursday. The DXY edges lower amid US government shutdown concerns.
China's Commerce Ministry says will tighten rules on rare earths exports
China's Commerce Ministry said on Thursday that the country will tighten rules on rare earth exports. Foreign businesses and individuals must obtain a dual-use items export license for rare earth exports.
PBOC sets USD/CNY reference rate at 7.1102 vs. 7.1055 previous
On Thursday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1102 compared to 7.1055 before the long holiday and 7.1484 Reuters estimate.
GBP/USD posts modest gains above 1.3400 amid ongoing US government shutdown
The GBP/USD pair posts modest gains near 1.3405, snapping the two-day losing streak during the early Asian session on Thursday. The US Dollar (USD) softens against the Pound Sterling (GBP) amid concerns over a prolonged US government shutdown.
Australia Consumer Inflation Expectations up to 4.8% in October from previous 4.7%
Australia Consumer Inflation Expectations up to 4.8% in October from previous 4.7%
United Kingdom RICS Housing Price Balance came in at -15%, above forecasts (-18%) in September
United Kingdom RICS Housing Price Balance came in at -15%, above forecasts (-18%) in September
Gold Price Forecast: XAU/USD holds gains above $4,000 on concerns over US government shutdown
Gold price (XAU/USD) holds positive ground near $4,010 after retreating from a fresh record high of $4,059 in the previous session during the early Asian session on Thursday. Broader geopolitical and economic uncertainty firmed traders' demand for the safe-haven asset.
Japan Foreign Investment in Japan Stocks increased to ¥2479.9B in October 3 from previous ¥-963.3B
Japan Foreign Investment in Japan Stocks increased to ¥2479.9B in October 3 from previous ¥-963.3B
US President Donald Trump says Israel and Hamas both sign off on first phase of Gaza peace plan
US President Donald Trump has announced that Israel and Hamas have both signed off on the first phase of peace plan, BBC reported late Wednesday.
USD/JPY extends the rally above 152.50 on fiscal fears in Japan
The USD/JPY pair extends its upside to near 152.60, the highest since February, during the early Asian session on Thursday. The US Dollar (USD) edges higher against the Japanese Yen (JPY) despite US government shutdown concerns.
NZD/USD rebounds, eyes 0.5800 with bullish reversal signal in focus
The New Zealand Dollar trimmed some of its losses on Wednesday still finished the session with losses of over 0.20% after reaching a six-month low of 0.5737. Nevertheless, as it recovered and closed above 0.5750, the NZD/USD formed a ‘hammer,’ indicating that bulls outweighed bears.
EUR/USD extends losses as German data and French political turmoil weigh
EUR/USD extends its losses for three straight consecutive days, down 0.32% as the US government shutdown extends, and the Federal Reserve’s last meeting minutes showed that officials remain cautious on inflation, despite easing policy.
Dow Jones Industrial Average fumbles bullish attempt
The Dow Jones Industrial Average (DJIA) briefly tilted back into the bullish side on Wednesday, recovering recently lost ground and retesting the 46,800 level as major indexes look to reestablish their top-heavy stance.
Argentina Industrial Output n.s.a (YoY) down to -4.4% in August from previous -1.1%
Argentina Industrial Output n.s.a (YoY) down to -4.4% in August from previous -1.1%
USD/JPY rallies to 153.00 as Greenback holds firm despite Fed’s dovish outlook
The Japanese Yen (JPY) remains under broad selling pressure, extending its slide against the US Dollar (USD) on Wednesday, with USD/JPY climbing to 153.00, its highest level since February 14.
FX Today: Markets’ attention shifts to Powell and the US shutdown
The US Dollar (USD) climbed further and hit new two-month highs on the back of shutdown concerns and the generalised risk-off theme hovering around the FX galaxy.
Gold blazes past $4,000 to all-time highs ahead of Fed Minutes
Gold price rally extends for the third consecutive trading session in the week, hitting a record high of $4,056 a troy ounce, up over 1.70% on the day.
AUD/USD steadies after weekly low as markets eye FOMC Minutes, US shutdown impact
The AUD/USD pair trades steadily around 0.6580 on Wednesday during the US session, after hitting a fresh low for October at 0.6556.
Pound Sterling Price News and Forecast: GBP/USD stabilizes as US Dollar eases, traders await Fed minutes
GBP/USD recovers ground on Wednesday as the US Dollar (USD) trims some of its earlier gains amid a scarce economic docket on both sides of the Atlantic.
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