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AI-Enhanced Forex News Archive

Professional trading insights from Thursday, October 2, 2025

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News Statistics for Thursday, October 2, 2025

8
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5
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3
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Archive date: Thursday, October 2, 2025

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investing.com

EUR/USD & GBP/USD Rise as Nasdaq Hits Records on Fed Rate Cut Hopes

EUR/USD advanced 0.25% to 1.1145 while GBP/USD gained 0.35% to 1.3420 as the Nasdaq 100 reached new record highs amid growing expectations for Federal Reserve rate cuts. Markets are pricing in a 65% probability of a 25-basis-point cut at the December FOMC meeting, despite looming US government shutdown risks that could disrupt economic data releases. The dollar index weakened 0.4% to 101.20 as risk appetite improved across global markets. European equities also benefited, with the FTSE 100 climbing 0.8% to 8,285. Technical indicators suggest EUR/USD faces resistance at 1.1180 (September high), with support at 1.1100. GBP/USD shows bullish momentum targeting 1.3450, though US political uncertainty could limit near-term gains. Traders should monitor Congressional negotiations as a government shutdown could delay key economic releases and increase market volatility.
EURUSD GBPUSD
Sentiment: Positive
Source: Marketaux
investing.com

USD/JPY Forms Double Bottom Pattern at 148.50 Support Level

USD/JPY has established a double bottom pattern at 148.50, signaling potential reversal after declining from 151.20 highs last week. The pair bounced 0.6% to trade at 149.35 as technical buyers emerged at the key support zone. The dollar index futures showed modest gains of 0.15%, providing additional support for the currency pair. The double bottom formation, confirmed by rising volume and positive momentum indicators, suggests a technical target near 151.00 if the neckline at 150.20 is breached. RSI has turned upward from oversold territory at 32, while the 50-day moving average at 149.80 acts as immediate resistance. Japanese officials remain vigilant about excessive yen weakness, with verbal intervention possible above 151.50. Traders should watch for a daily close above 150.20 to confirm the bullish reversal pattern, with stop-losses recommended below the 148.50 double bottom support.
USDJPY
Sentiment: Very Positive
Source: Marketaux
investing.com

EUR/USD wavers as Eurozone jobs data signals potential ECB policy shift

EUR/USD is consolidating near 1.0980 as markets digest mixed Eurozone employment figures that could influence ECB monetary policy decisions. The latest Eurozone unemployment data showed a slight uptick to 6.5%, suggesting labor market softening that may prompt the ECB to reconsider its hawkish stance. This comes as European inflation indicators remain stubbornly above the 2% target at 2.8%, creating a policy dilemma for central bankers. Market participants are closely monitoring ECB officials' comments for hints about the December policy meeting, with futures pricing in a 65% probability of a 25-basis-point rate cut. Technical analysis shows EUR/USD trading within a tight range between 1.0950 support and 1.1020 resistance. A break below support could accelerate declines toward 1.0900, while clearing resistance might open the path to 1.1050. The pair's direction will likely depend on upcoming ECB communications and Friday's US employment report.
EURUSD
Sentiment: Neutral
Source: Marketaux
forexcrunch.com

GBP/USD holds 1.3500 as weak US ADP data undermines dollar strength

GBP/USD is maintaining position around the 1.3500 psychological level during Thursday's London session, supported by broad-based dollar weakness following disappointing US employment data. The US ADP private payrolls report showed only 89,000 jobs added in September, significantly below the expected 125,000, raising concerns about labor market resilience. Additionally, ongoing US government shutdown risks are weighing on dollar sentiment, with Treasury yields declining 8 basis points to 3.74%. Sterling found additional support from better-than-expected UK services PMI data at 53.2, indicating continued expansion. Technical indicators suggest GBP/USD has established firm support at 1.3480, with immediate resistance at 1.3530. The pair's momentum indicators remain positively aligned, with the RSI at 58 suggesting room for further upside. Traders are now positioning for Friday's official US Non-Farm Payrolls release, which could determine whether the pair can sustain levels above 1.3500.
GBPUSD
Sentiment: Positive
Source: Marketaux
investing.com

Gold breaks record high as US shutdown fears drive safe-haven demand

Gold prices have surged to a new all-time high of $2,685 per ounce, gaining 1.8% as US government shutdown concerns and deteriorating economic indicators fuel safe-haven demand. The precious metal's rally accelerated after US political gridlock raised shutdown probabilities to 70%, potentially disrupting economic activity and government data releases. Simultaneously, the US Dollar Index has declined 0.6% to 101.20, enhancing gold's appeal for international buyers. The Canadian dollar strengthened against its US counterpart, with USD/CAD dropping to 1.3520 as oil prices climbed 2.3% on Middle East supply concerns. EUR/USD benefited from dollar weakness, advancing to 1.0985. Market analysts note that gold's technical structure remains strongly bullish, with immediate resistance at $2,700 and support established at $2,650. The combination of geopolitical uncertainty, dollar weakness, and recession fears suggests continued upward pressure on precious metals.
XAUUSD EURUSD USDCAD DXY
Sentiment: Very Positive
Source: Marketaux
rttnews.com

NZD/USD Surges on Risk-On Sentiment After Weak US Jobs Data

The New Zealand dollar strengthened notably against the US dollar during Thursday's Asian session, with NZD/USD climbing 0.6% to 0.6175 as risk appetite improved across global markets. The catalyst was Wednesday's unexpected decline in US ADP private payrolls, which fell by 89,000 jobs in September versus expectations of a 140,000 increase, marking the first contraction since January 2021. This sharp miss fueled speculation that the Federal Reserve might pause its aggressive tightening cycle, weakening the greenback across the board. Asian equity markets responded positively, with the Nikkei and ASX 200 both posting gains above 1%. The kiwi dollar found additional support from improved commodity prices and China's manufacturing data showing expansion. Technical indicators suggest NZD/USD faces immediate resistance at 0.6200, while support sits at 0.6140. Traders await Friday's official US Non-Farm Payrolls report for further directional cues on Fed policy trajectory.
NZDUSD
Sentiment: Positive
Source: Marketaux
investing.com

FX markets show heightened sensitivity to second-tier economic data

Foreign exchange markets are displaying unusually high sensitivity to second-tier economic indicators, with EUR/USD, GBP/USD, and USD/JPY experiencing amplified reactions to typically lower-impact data releases. EUR/USD jumped 0.4% to 1.0975 following minor improvements in German industrial production, while GBP/USD rallied to 1.3510 on UK retail sales beats. This heightened sensitivity reflects growing uncertainty about major central bank policy trajectories, with markets seeking any clues about future rate decisions. USD/JPY declined to 148.50 as risk sentiment wobbled, benefiting the safe-haven yen. EUR/GBP remains range-bound near 0.8120, suggesting relative stability between European currencies. Analysts attribute this increased data sensitivity to thin liquidity conditions and positioning ahead of next week's major central bank meetings. Technical analysis shows most major pairs approaching key resistance levels, suggesting potential for sharp reversals if upcoming data disappoints elevated market expectations.
EURUSD GBPUSD USDJPY EURGBP
Sentiment: Neutral
Source: Marketaux

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