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Mexican Peso: Watching support for reversal signal against US Dollar – Societe Generale
Societe Generale analysts report USD/MXN has extended its rebound after reclaiming the 200-day moving average near 17.40 and posting an interim high around 18.43. A brief pullback is underway, with attention on whether a base forms for a more durable reversal. First support at 17.68 and the 200-DMA at 17.40 are key downside levels to monitor.
United States EIA Natural Gas Storage Change came in at 85B, above expectations (79B) in October 2
United States EIA Natural Gas Storage Change came in at 85B, above expectations (79B) in October 2
Euro steadies as US yields retreat, traders assess Fed and ECB signals
EUR/USD rebounds during American trading hours on Thursday as a pullback in US Treasury yields tempers the US Dollar’s (USD) momentum. However, France’s fiscal concerns and broader US Dollar strength keep the Euro (EUR) pinned near the 17-month low touched earlier this week.
United States Wholesale Inventories registered at 0.5%, below expectations (0.7%) in August
United States Wholesale Inventories registered at 0.5%, below expectations (0.7%) in August
European Central Bank: Neutral communication with upside inflation risks – Nordea
Nordea’s Chief Analyst Jan von Gerich interprets the ECB’s September monetary policy account as supporting further rate hikes, likely in December and March. The Governing Council remains focused on upside inflation risks, especially from persistent energy shocks and resilient growth.
Federal Reserve: More hikes ahead after October pause - UOB
UOB’s Alvin Liew analyzes the September 2026 FOMC minutes, highlighting unanimous support for a 25bp hike to 3.75–4.00% as inflation stays elevated and growth remains solid.
Russia Central Bank Reserves $ came in at $733.2B, above forecasts ($0B)
Russia Central Bank Reserves $ came in at $733.2B, above forecasts ($0B)
BoE’s Bailey calls for stronger financial markets to absorb future shocks
Bank of England (BoE) Governor Andrew Bailey said on Thursday that financial markets need to be better prepared for future shocks and monetary policy must stay focused on bringing inflation back to target.
Euro: French debt risk weighs on EUR against US Dollar – ING
Chris Turner at ING highlights that EUR/USD remains fragile as French sovereign debt volatility drives the pair. A report suggesting the French Treasury may shorten issuance duration unsettled investors, who fear reduced pressure on politicians to deliver fiscal consolidation. ING continues to favor a dip in EUR/USD towards the 1.1100/1.1120 area, where stronger technical support may emerge, with French fiscal debates only starting mid-October.
ECB expected to pause in October before hiking rates in December – Reuters poll
The European Central Bank (ECB) is expected to leave interest rates unchanged in October before delivering another increase in December, according to a Reuters poll conducted October 5-8.
US Initial Jobless Claims dropped to 197K last week
According to a report from the US Department of Labour (DOL) released on Thursday, the number of US citizens submitting new applications for unemployment insurance decreased to 197K for the week ending October 3.
United States Continuing Jobless Claims came in at 1.716M, above expectations (1.71M) in September 25
United States Continuing Jobless Claims came in at 1.716M, above expectations (1.71M) in September 25
United States Initial Jobless Claims 4-week average: 198K (October 2) vs previous 200K
United States Initial Jobless Claims 4-week average: 198K (October 2) vs previous 200K