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Sweden Producer Price Index (YoY) up to 6.8% in August from previous 6.4%
Sweden Producer Price Index (YoY) up to 6.8% in August from previous 6.4%
Denmark Retail Sales (YoY): 3.7% (August) vs previous 6.7%
Denmark Retail Sales (YoY): 3.7% (August) vs previous 6.7%
Germany GfK Consumer Confidence Survey registered at -30.6, below expectations (-27.4) in October
Germany GfK Consumer Confidence Survey registered at -30.6, below expectations (-27.4) in October
EUR/USD Price Forecast: At make or a break near 1.1350
The Euro (EUR) trades marginally lower at around 1.1375 against the US Dollar (USD) in the early European trade on Friday, but is inside Thursday’s trading range. The major currency pair is broadly under pressure as the US Dollar (USD) outperforms across the board.
Swiss Franc trades near 16-month lows as US Dollar surges on hawkish Fed expectations
USD/CHF extends its gains for the third consecutive day, trading around nearly 16-month highs of 0.8296 during Asian hours on Friday. The currency pair appreciates as the US Dollar (USD) strengthens, driven primarily by hawkish signals from Federal Reserve officials.
New Zealand Dollar remains depressed around 0.5650, near June lows vs bullish USD
The NZD/USD pair attracts sellers for the third straight day, flirting with its lowest level since late June, around mid-0.5600s during the Asian session on Friday. Spot prices remain on track to register losses for the fifth straight week and seem vulnerable amid a bullish US Dollar (USD).
Indian Rupee gets cushioned by RBI’s likely intervention on Friday
The Indian Rupee (INR) gains a temporary ground against the US Dollar (USD) on Friday after remaining under pressure in the past few days. The USD/INR pair struggles to extend gains above 95.96 on the likely Reserve Bank of India’s (RBI) intervention.
GBP/USD Price Forecast: Softens to near 1.3200, staying bearish under 100-day SMA
The GBP/USD pair trades in negative territory around 1.3210 during the early European session on Friday. The British Pound (GBP) weakens against the US Dollar (USD) amid growing domestic fiscal concerns ahead of the upcoming UK budget.
India Gold price today: Gold falls, according to FXStreet data
Gold prices fell in India on Friday, according to data compiled by FXStreet.
WTI Price Forecast: Slips below $92.00 amid Iran diplomacy hopes; bullish potential intact
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – extends the previous day's late pullback from the $95.80 area and drifts lower through the Asian session on Friday.
Gold extends the range play below $4,300 as Fed hike bets counter modest USD pullback
Gold (XAU/USD) Â struggles to gain any traction and remains confined in a narrow range near the weekly low through the early European session on Friday amid a bearish fundamental backdrop.
AUD/JPY Price Forecast: Weakens to near 111.00 as bearish technical bias holds below 100-day SMA
The AUD/JPY cross attracts some sellers to around 111.10 during the early European session on Friday. The Japanese Yen (JPY) edges higher against the Australian Dollar (AUD) as traders remain on high alert for currency intervention from Japanese authorities.
EUR/JPY Price Forecast: Tests nine-day EMA support near 180.00
EUR/JPY has pared back its recent gains from the previous day, trading around 180.10 during Asian hours on Friday. Technical analysis of the daily chart shows that the currency cross continues to trade within a descending channel pattern, pointing to a persistent bearish outlook.