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GBP/USD Price Forecast: Declines to near 1.3250 as bearish bias persists below 100-day moving average
The GBP/USD pair trades in negative territory around 1.3250 during the early European trading hours on Thursday. The British Pound (GBP) edges lower against the US Dollar (USD) amid widening monetary policy divergence between the Bank of England (BoE) and the US Federal Reserve (Fed).
AUD/USD Price Forecast: On verge of 78.6% Fibo breakdown near 0.6950
The Australian Dollar (AUD) is up against its major currency pairs on Thursday, but is almost flat against the US Dollar (USD) at around 0.6948 in the early European trade.
Swiss Franc reaches fresh 16-month lows ahead of CPI data
USD/CHF continues its winning streak for the seventh consecutive trading day, reaching its fresh 16-month high of 0.8367 during Asian hours on Thursday. The currency pair appreciated as the Swiss Franc (CHF) lost ground due to sharply weakening investor sentiment in September.
Indian Rupee hits fresh two-month low amid surging US Treasury yields
The Indian Rupee (INR) extends its weakness against the US Dollar (USD) on Thursday after a weak opening.
India HSBC Manufacturing PMI registered at 55.1, below expectations (55.7) in September
India HSBC Manufacturing PMI registered at 55.1, below expectations (55.7) in September
AUD/JPY Price Forecast: Recovers from six-month low, but retains bearish bias below 100-day SMA
The AUD/JPY cross trades in positive territory around 109.95 during the early European session on Thursday.
EUR/JPY Price Forecast: Tests nine-day EMA barrier after rebounding above 179.00
EUR/JPY halts its four-day losing streak, trading around 179.20 during Asian hours on Thursday. Technical analysis of the daily chart shows that the currency cross remains confined within a descending channel pattern. This continuous formation reinforces a persistent bearish outlook for the pair.
Indonesia Trade Balance above expectations ($0.6B) in August: Actual ($3.55B)
Indonesia Trade Balance above expectations ($0.6B) in August: Actual ($3.55B)
Indonesia Imports registered at 19.09%, below expectations (31.7%) in August
Indonesia Imports registered at 19.09%, below expectations (31.7%) in August
Indonesia Exports came in at 6.72%, above expectations (4.2%) in August
Indonesia Exports came in at 6.72%, above expectations (4.2%) in August
Indonesia Core Inflation (YoY) came in at 2.84% below forecasts (3%) in September
Indonesia Core Inflation (YoY) came in at 2.84% below forecasts (3%) in September
Indonesia Inflation (MoM) below expectations (0.31%) in September: Actual (0.3%)
Indonesia Inflation (MoM) below expectations (0.31%) in September: Actual (0.3%)
Indonesia Inflation (YoY) registered at 3.2%, below expectations (3.3%) in September
Indonesia Inflation (YoY) registered at 3.2%, below expectations (3.3%) in September