Forex Today: US Dollar recovery continues ahead of next batch of US data
Here is what you need to know on Thursday, October 3: The US Dollar (USD) continues to gather strength against its rivals for the fourth consecutive day on Thursday as market focus shifts to the next set of macroeconomic data releases from the US.
3 Oct 07:52 · FXStreet
RBI unlikely to cut rates amid strong economic growth, says SBI report
The Reserve Bank of India (RBI) is unlikely to announce a rate cut in its upcoming monetary policy meeting, according to a report by the State Bank of India (SBI). With India experiencing robust economic growth that surpasses capacity, the RBI is expected to maintain current interest rates.
3 Oct 07:55 · India TV
ISM Services PMI Preview: Slight improvement expected in US services sector
US ISM Services PMI is seen improving a tad in September. The US services sector is expected to remain within the expansionary territory.
3 Oct 08:00 · FXStreet
Crypto Market’s “Shallow Sell-Off” Indicative Of Strong Bid For Risk Assets: Trading Firm
Crypto trading firm QCP Capital says the “shallow sell-off” in crypto markets is indicative of healthy market demand for risk-on assets.
3 Oct 08:00 · NewsBTC
EUR/USD extends decline as USD benefits from tighter Fed, haven flows
EUR/USD trades in the 1.1030s on Thursday, about a tenth of a percent down on the day as geopolitical risks increase demand for the safe-haven US Dollar (USD) while the Euro (EUR) weakens amid a gloomy economic outlook for the old continent.
3 Oct 08:02 · FXStreet
Residential developer Balwin expects over 50% plunge in earnings
As high interest rates bite.
3 Oct 08:07 · Moneyweb
USD/CAD Price Forecast: Tests 21-day Exponential Moving Average near 1.3550
USD/CAD extends its gains for the second consecutive day, trading around 1.3530 during Thursday’s European hours.
3 Oct 08:08 · FXStreet
GBP/USD hammered down to over two-week low, below mid-1.3100s on Bailey's dovish remarks
The GBP/USD pair continues losing ground for the third straight day – also marking the fourth day of a negative move in the previous four – and plummets to over a two-week low during the first half of the European session on Thursday.
3 Oct 08:15 · FXStreet
AUD/JPY inches lower to near 100.50 due to risk aversion sentiment
AUD/JPY trims its intraday gains, holding some gains around 100.50 during the European hours on Thursday.
3 Oct 08:31 · FXStreet
GBP/JPY plummets to 192.20 area, fresh daily low after BoE Governor Bailey’s comments
The GBP/JPY cross continues with its struggle to find acceptance above the 195.00 psychological mark for the second time in two weeks and retreats sharply from a one-week high touched earlier this Thursday.
3 Oct 09:00 · FXStreet
USD/CHF holds position above 0.8500 due to waning likelihood of a Fed bumper rate cut
USD/CHF continues its winning streak for the fourth successive session, trading around 0.8510 during the European hours on Thursday.
3 Oct 09:21 · FXStreet
Dogecoin At $10 Thesis: What Each Breakout Cycle Says About The DOGE Price
The Dogecoin price reaching as high as $10 has long been anticipated by the DOGE community who have remained loyal to the meme coin.
3 Oct 09:30 · NewsBTC
Gold stuck in a range after collapse of aggressive Fed bets, haven demand underpins
Gold (XAU/USD) edges lower to trade in the $2,640s per troy ounce on Thursday as it continues its line dance below the record high of $2,685 set last week.
3 Oct 09:31 · FXStreet
What’s Holding Bitcoin Back? Analyst Says $71,000 Is The Magic Number
Veteran trader Peter Brandt believes that the recent rally of Bitcoin still isn't enough to flip the long-term bearish trend. While BTC did have a brief
3 Oct 11:00 · NewsBTC
last updated on 3 Oct 11:17