GBP/USD Price Forecast: Tumbles to two-month low, traders ditch GBP on UK's budget
The Pound Sterling dropped to a new two-month low of 1.2885 against the Greenback during the session, as UK Gilts rose sharply following the budget release. However, the GBP/USD has recovered some ground yet is losing over 0.30% and trades at 1.2918. Read More...
Pound Sterling declines after lower US Jobless Claims
The Pound Sterling (GBP) declines to near 1.2900 against the US Dollar (USD) in Thursday’s New York session, the lowest level in 10 weeks. The GBP/USD pair slumps after the release of the United States (US) Initial Jobless Claims for the week ending October 25, which came in surprisingly lower at 216K against estimates of 230K and the prior release of 228K, another job data that points to improving labor market conditions. Read More...
GBP/USD depreciates to near 1.2950 due to market caution ahead of US presidential election
GBP/USD extends its losses for the second successive day, trading around 1.2950 during the Asian session on Thursday. This downside of the pair could be linked to the solid US Dollar (USD) as a market caution persists amid uncertainty surrounding the upcoming US presidential election. Read More...
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AUD/USD: Outlook is still bearish below 0.6630
AUD/USD extended its gains from Wednesday, supported by continued selling pressure on the US Dollar. However, weak performance in the commodities market and disappointing Chinese PMI data limited the Australian dollar's upward potential.
EUR/USD set sails to the 1.0900 region and beyond
EUR/USD maintained its weekly march north well in place for yet another day on Thursday, this time coming closer to the key 1.0900 barrier in response to extra weakness in the Greenback ahead of key US NFP data due on Friday.
Gold retreated sharply, trades around $2,740
Prices of Gold trade markedly on the defensive on Thursday following a marginal uptick in the Greenback and declining US yields. Despite the daily pullback, the yellow metal is anticipated to remain bolstered by steady uncertainty pre-US election.
Ethereum: ETH could bounce off $2,490 as it has recovered most of its TVL outflows
Ethereum (ETH) is down over 5% on Tuesday but could bounce off the $2,490 key support level as most of the total value locked (TVL) that left its Layer 1 chain has remained within the broader ETH ecosystem.
Bank of Japan holds rates steady amid signs of modest GDP growth
Monthly industrial production results have been mixed but generally indicate a modest recovery in third-quarter GDP. Clear guidance from the Bank of Japan remains elusive, with each upcoming meeting being pivotal.
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