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AI-Enhanced Forex News Archive

Professional trading insights from Thursday, October 9, 2025

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News Statistics for Thursday, October 9, 2025

11
Total Articles
2
Bullish
6
Bearish
3
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Archive date: Thursday, October 9, 2025

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Forexlive

investingLive Americas market news wrap: US dollar rebounds and gold reverses

Japan's Takaichi: We don't want to trigger an excessive yen declineHamas chief says they declare an end to the war today and permanent ceasefireFed's Barr: Not seeing a generalized spillover of tariffs into services inflationFed's Barr:Uncertainty about both inflation/jobs warrants cautious approach to further cutUS Senate rejects Democratic government funding bill.Make Argentina Great Again: The US buys pesos directlyU.S.
USD EUR GBP JPY CAD NZD
Source: Finnhub
Forexlive

NZD/USD tests support after RBNZ 50bp rate cut, sellers maintain control

NZD/USD plunged sharply following the Reserve Bank of New Zealand's aggressive 50-basis point rate cut, though the pair found temporary support at a lower trendline on the hourly chart. The RBNZ's decision, while partially anticipated by markets, triggered a decisive selloff that pushed the pair toward key technical levels. The central bank's dovish stance reflects concerns about New Zealand's economic outlook and inflation trajectory, suggesting potential for further monetary easing. Technical analysis shows sellers remain firmly in control despite the bounce from trendline support, with corrective resistance levels holding steady. The pair faces immediate resistance at recent highs, while support has formed at the tested trendline. Traders should watch for any break below this support level, which could accelerate downside momentum toward the next major support zone. The broader bearish trend remains intact unless buyers can reclaim key resistance levels.
NZDUSD
Sentiment: Very Negative
Source: Finnhub
rttnews.com

Despite Some Gains In Global Markets, Mood Remains Cautious

Asian markets closed mostly higher, and the major European markets are fairly steady on Thursday, despite political uncertainty in France. Expectations of a interest rate cuts from the Federal Reserve and a few other central banks appear to be aiding sentiment.
USDCAD
Source: Marketaux
forexcrunch.com

AUD/USD gains on rising inflation expectations, weakening US dollar

AUD/USD showed mild strength on Thursday, supported by increasing domestic inflation expectations and a retreating US dollar. Rising Australian inflation expectations have bolstered the case for the Reserve Bank of Australia to maintain its hawkish stance, providing fundamental support for the Aussie dollar. The pair's upward momentum has been further aided by broad-based US dollar weakness, as traders reassess Federal Reserve rate expectations amid mixed economic signals. Market participants are closely monitoring upcoming Australian economic data releases, which could either reinforce or challenge current inflation projections. Technical indicators suggest the pair maintains a constructive bias in the near term, though significant resistance levels loom overhead. The combination of domestic inflation pressures and dollar weakness creates a favorable environment for AUD/USD bulls, though traders should remain cautious of potential reversals if US economic data surprises to the upside.
AUDUSD
Sentiment: Positive
Source: Marketaux
investing.com

USD/JPY: Analysts Upgrade Yen Forecasts on Policy Shift

USD/JPY faces downward pressure as major investment banks revise their yen forecasts higher, citing expectations of Bank of Japan policy normalization. The pair currently trades near 149.50, showing signs of exhaustion after reaching 8-month highs. Market participants anticipate the BOJ will accelerate its exit from ultra-loose monetary policy, with potential rate hikes expected by Q2 2025. Meanwhile, the Federal Reserve's dovish pivot and slowing US economic momentum reduce dollar support. Technical indicators suggest overbought conditions, with RSI above 70 and the pair trading well above its 200-day moving average at 147.20. Immediate support lies at 148.80, while resistance stands at 150.00. A break below support could trigger a deeper correction toward 147.50, especially if upcoming US inflation data disappoints. Traders should monitor BOJ Governor Ueda's upcoming speeches for policy hints.
USDJPY EURUSD
Sentiment: Negative
Source: Marketaux
investing.com

Gold Retreats from Records as Geopolitical Risks Ease

Gold prices declined 1.2% to $2,645 per ounce, pulling back from record highs of $2,685 as geopolitical tensions in the Middle East showed signs of easing. The precious metal's safe-haven appeal diminished following diplomatic progress, while a stronger US dollar added selling pressure. The DXY index rose 0.4% to 103.20, making dollar-priced gold more expensive for international buyers. Risk-on sentiment returned to markets, with equities gaining and volatility indices dropping 8%. Technical analysis shows gold finding support at the $2,630 level (previous resistance turned support), while the next major support sits at $2,600. RSI indicators have cooled from overbought territory above 75 to a more neutral 62. Currency traders note the correlation between gold weakness and USD strength, particularly impacting commodity-linked currencies like CAD and AUD.
EURUSD USDCAD
Sentiment: Negative
Source: Marketaux
investing.com

GBP/USD Stabilizes at 1.3050 Despite UK Inflation Concerns

GBP/USD consolidated around 1.3050 after halting a three-day decline, though persistent UK inflation concerns cap upside potential. The pair found support at the 50-day moving average (1.3040), bouncing 0.2% from session lows. UK inflation expectations remain elevated at 3.2%, well above the Bank of England's 2% target, complicating the central bank's policy outlook. Markets price a 65% probability of a BOE rate hold at the November meeting, compared to 45% last week. Sterling faces additional pressure from weakening UK economic data, with PMI readings suggesting slower growth momentum. Technical resistance emerges at 1.3085 (previous support), while a break below 1.3040 could accelerate losses toward 1.3000. Traders await Thursday's UK GDP data and Friday's US employment report for directional catalysts. The pound's near-term trajectory depends heavily on relative monetary policy expectations between the BOE and Fed.
GBPUSD
Sentiment: Neutral
Source: Marketaux
investing.com

USD/JPY Surges to 8-Month Peak on Six-Day Rally

USD/JPY extended its impressive winning streak to six consecutive sessions, reaching 149.85 - the highest level since February 2024. The pair gained 0.8% (120 pips) in today's session alone, bringing the weekly advance to 2.1%. Dollar strength stems from robust US economic data and hawkish Fed rhetoric, while the yen suffers from the Bank of Japan's continued dovish stance despite inflation pressures. Technical momentum remains firmly bullish, with the pair breaking above key resistance at 149.50. However, overbought conditions are flashing warning signals - RSI sits at 74 and the pair trades 3.5% above its 50-day moving average. Immediate resistance lies at the psychological 150.00 level, where options barriers may trigger profit-taking. Support levels stand at 149.20 and 148.50. Japanese officials have intensified verbal warnings about excessive yen weakness, raising intervention risks above 150.00.
USDJPY
Sentiment: Very Positive
Source: Marketaux
investing.com

GBP/USD: Sterling Vulnerable to Breakdown Below 1.3000

GBP/USD shows increasing bearish signals as the pair struggles to maintain the 1.3050 support level, raising concerns of a potential breakdown toward 1.3000. Sterling has weakened 1.8% from October highs amid deteriorating UK economic fundamentals and persistent fiscal concerns. The UK's widening trade deficit reached £5.2 billion in August, while business confidence surveys point to slowing economic activity. Technical indicators paint a bearish picture - the pair has broken below its 20-day moving average at 1.3075 and momentum oscillators turned negative. A decisive close below 1.3040 would confirm a bearish reversal pattern, targeting 1.2980 initially. The pound faces additional headwinds from Brexit-related trade friction and speculation the BOE may need to cut rates sooner than expected if growth falters. Only a recovery above 1.3100 would alleviate immediate selling pressure.
GBPUSD
Sentiment: Very Negative
Source: Marketaux
Forexlive

Major FX Pairs Face Quiet Day Amid ECB Minutes and US Data Void

Major currency pairs are experiencing subdued trading conditions with minimal volatility as markets face a data vacuum. The European session features only the ECB meeting minutes release, historically a non-market moving event containing already disclosed information. The anticipated US weekly jobless claims data has been delayed due to the government shutdown, removing a key economic indicator from today's calendar. This leaves traders dependent on central bank speakers who continue reiterating familiar policy stances without new insights. The absence of fresh economic data is keeping EUR/USD, GBP/USD, and USD/JPY within tight ranges near recent levels. Market participants are likely to maintain cautious positioning until more substantial data releases return. The lack of catalysts suggests continued range-bound trading across major pairs, with technical levels gaining increased importance in the absence of fundamental drivers.
EURUSD GBPUSD USDJPY
Sentiment: Negative
Source: Finnhub
Forexlive

USD/CNY rises as China tightens rare earth export controls

USD/CNY has gained 0.2% to 7.2850 following China's Commerce Ministry announcement of stricter rare earth export regulations. The new rules require domestic exporters to declare final shipment destinations and immediately ban exports related to weapons of mass destruction development. This move escalates trade tensions and could impact global supply chains for critical minerals used in electronics, defense, and renewable energy sectors. The Chinese yuan weakened as markets anticipate potential retaliatory measures from trading partners and possible disruptions to China's export revenues. Technical indicators show USD/CNY testing resistance at 7.2900, with momentum building for a potential breakout toward 7.3000. Support remains at 7.2700 (50-day moving average). Traders should monitor upcoming Chinese trade balance data and any responses from US or EU officials, as further escalation could accelerate yuan depreciation and strengthen the dollar's safe-haven appeal in Asian trading.
USDCNY
Sentiment: Negative
Source: Finnhub

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