Forex News Timeline

.fxs-major-currency-prices-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left}.fxs-major-currency-prices-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-major-currency-prices-content{color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:8px 16px}table.fxs-major-currency-prices-currency-prices-table{width:100%;text-align:center;border-collapse:collapse;font-size:1rem}table.fxs-major-currency-prices-currency-prices-table th{background-color:#f2f2f2}table.fxs-major-currency-prices-currency-prices-table td{color:#fff}table.fxs-major-currency-prices-currency-prices-table td.green{background-color:#9cd6cd}table.fxs-major-currency-prices-currency-prices-table td.red{background-color:#faafb5}table.fxs-major-currency-prices-currency-prices-table td.blue-grey{background-color:#888a93}.fxs-major-currency-prices-currency-prices-legend{font-size:11px;margin:8px;color:#49494f}@media (min-width:680px){.fxs-major-currency-prices-content{font-size:16px;line-height:21.6px}.fxs-major-currency-prices-title{font-size:19.2px;line-height:27.2px}}.fxs-major-currency-prices-currency-price td.dark-green{background-color:#39ad9a}.fxs-major-currency-prices-currency-price td.light-green{background-color:#9cd6cd}.fxs-major-currency-prices-currency-price td.gray{background-color:#888a93}.fxs-major-currency-prices-currency-price td.light-red{background-color:#faafb5}.fxs-major-currency-prices-currency-price td.strong-red{background-color:#f55e6a}AUD/USD prints gains on Friday after US Producer Price Index (PPI) data showed inflation easing.The US Core PPI rose by 0.2% MoM as expected, while annual PPI declined to 1.8%, increasing the likelihood of a Fed rate cut.Swaps markets show a 95.6% chance of a 25 bps Fed rate cut in November, up from 83.3%.The Australian Dollar recovered some ground against the Greenback on Friday after a measure of prices paid by producers reaffirmed that inflation is coming down, warranting further easing by the Federal Reserve. The AUD/USD trades at 0.6748, registering modest gains of over 0.12%, though it is set to post weekly losses of over 0.60%. AUD/USD climbs as US PPI data reinforces expectations for a 25 bps Fed rate cut in November Data from the US Bureau of Labor Statistics (BLS) showed that the Producer Price Index (PPI) for September was 0% unchanged, below August’s 0.2% Month-on-Month increase. Excluding volatile items, the so-called Core PPI expanded by 0.2% Month-on-Month as expected, down from 0.3% a prior month. On an annual basis, PPI increased by 1.8%, down from 1.9%, while underlying prices rose by 2.8%, up from 2.6%, and missed the 2.7% mark. Today’s data and yesterday’s CPI report hint that the Fed could cut rates at the November meeting. The swaps markets show the Fed’s odds for a 25 bps rate cut at 95.6%, substantially up from 83.3% a day ago, when traders trimmed their positions on hawkish remarks by Atlanta’s Fed Raphael Bostic, who said he is open to cut or hold rates at the upcoming two meetings. In other data, the University of Michigan (UoM) revealed that Consumer Sentiment deteriorated slightly from 70.1 to 68.9 and missed the consensus. Americans turned pessimistic due to higher living costs, while they upward revised inflation expectations from 2.7% to 2.9% over one year. Chicago Fed President Austan Goolsbee crossed the wires on Bloomberg, praising the progress on inflation and the labor market. He added that despite the goodish September jobs report, there are no signs of overheating. Next week, the Australian economic docket will be scarce. Tier The Reserve Bank of Australia (RBA) Assistant Governor Sarah Hunter will cross the wires on October 15, followed by the release of jobs data on October 16. On the US front, the calendar will feature Fed speakers, the Balance of Trade, Retail Sales, Initial Jobless Claims, Industrial Production and housing data. AUD/USD Price Forecast: Technical outlook From a technical standpoint, AUD/USD is in consolidation but with a slight upward bias. For buyers to resume the uptrend, they need to break above the October 9 high at 0.6761, allowing them to challenge the weekly peak at 0.6809. Conversely, if sellers step in and push the exchange rate below the 50-day moving average (DMA) at 0.6733, it could open the door for a decline toward the 100-DMA at 0.6691.Australian Dollar PRICE Today The table below shows the percentage change of Australian Dollar (AUD) against listed major currencies today. Australian Dollar was the strongest against the Japanese Yen.   USD EUR GBP JPY CAD AUD NZD CHF USD   -0.05% -0.07% 0.39% 0.17% -0.20% -0.28% 0.12% EUR 0.05%   -0.05% 0.38% 0.17% -0.16% -0.28% 0.10% GBP 0.07% 0.05%   0.45% 0.24% -0.10% -0.21% 0.19% JPY -0.39% -0.38% -0.45%   -0.24% -0.56% -0.67% -0.36% CAD -0.17% -0.17% -0.24% 0.24%   -0.34% -0.43% -0.03% AUD 0.20% 0.16% 0.10% 0.56% 0.34%   -0.13% 0.27% NZD 0.28% 0.28% 0.21% 0.67% 0.43% 0.13%   0.41% CHF -0.12% -0.10% -0.19% 0.36% 0.03% -0.27% -0.41%   The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Australian Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent AUD (base)/USD (quote).  

.fxs-major-currency-prices-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left}.fxs-major-currency-prices-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-major-currency-prices-content{color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:8px 16px}table.fxs-major-currency-prices-currency-prices-table{width:100%;text-align:center;border-collapse:collapse;font-size:1rem}table.fxs-major-currency-prices-currency-prices-table th{background-color:#f2f2f2}table.fxs-major-currency-prices-currency-prices-table td{color:#fff}table.fxs-major-currency-prices-currency-prices-table td.green{background-color:#9cd6cd}table.fxs-major-currency-prices-currency-prices-table td.red{background-color:#faafb5}table.fxs-major-currency-prices-currency-prices-table td.blue-grey{background-color:#888a93}.fxs-major-currency-prices-currency-prices-legend{font-size:11px;margin:8px;color:#49494f}@media (min-width:680px){.fxs-major-currency-prices-content{font-size:16px;line-height:21.6px}.fxs-major-currency-prices-title{font-size:19.2px;line-height:27.2px}}.fxs-major-currency-prices-currency-price td.dark-green{background-color:#39ad9a}.fxs-major-currency-prices-currency-price td.light-green{background-color:#9cd6cd}.fxs-major-currency-prices-currency-price td.gray{background-color:#888a93}.fxs-major-currency-prices-currency-price td.light-red{background-color:#faafb5}.fxs-major-currency-prices-currency-price td.strong-red{background-color:#f55e6a}USD/JPY edges higher, trading within a range of 148.00-149.50 as US 10-year yields rise to 4.104%.Momentum favors buyers, with a break above 149.50, exposing the key 150.00 level and resistance at the 200/100-DMA confluence at 151.20/21.A drop below 149.00 could lead to a pullback toward the October 8 swing low of 147.35.The USD/JPY edged higher during the North American session as US Treasury yields remained higher, particularly the 10-year T-note, which was up close to four basis points at 4.104%. The positive correlation between the US 10-year yield and the pair pushed the exchange rate to 149.13, up 0.37%. USD/JPY Price Forecast: Technical outlook The USD/JPY is still neutrally biased, though trading in a higher range within the 148.00-149.50 area, as traders decipher the Fed and the Bank of Japan's next move. From a momentum standpoint, buyers remain in charge, yet the Relative Strength Index (RSI) hasn’t reached a new peak to push USD/JPY prices higher. If USD/JPY clears the 149.50 area, this will immediately expose the 150.00 figure. Once removed, the next resistance would be the 200 and 100-day moving averages (DMAs) confluence at 151.20/21. Conversely, if the pair drops below 149.00, look for a pullback toward the October 8 swing low of 147.35. USD/JPY Price Action – Daily ChartJapanese Yen PRICE Today The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies today. Japanese Yen was the strongest against the Canadian Dollar.   USD EUR GBP JPY CAD AUD NZD CHF USD   -0.05% -0.07% 0.39% 0.17% -0.20% -0.28% 0.12% EUR 0.05%   -0.05% 0.38% 0.17% -0.16% -0.28% 0.10% GBP 0.07% 0.05%   0.45% 0.24% -0.10% -0.21% 0.19% JPY -0.39% -0.38% -0.45%   -0.24% -0.56% -0.67% -0.36% CAD -0.17% -0.17% -0.24% 0.24%   -0.34% -0.43% -0.03% AUD 0.20% 0.16% 0.10% 0.56% 0.34%   -0.13% 0.27% NZD 0.28% 0.28% 0.21% 0.67% 0.43% 0.13%   0.41% CHF -0.12% -0.10% -0.19% 0.36% 0.03% -0.27% -0.41%   The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Japanese Yen from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent JPY (base)/USD (quote).