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AI-Enhanced Forex News Archive

Professional trading insights from Tuesday, October 28, 2025

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News Statistics for Tuesday, October 28, 2025

14
Total Articles
9
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3
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2
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Archive date: Tuesday, October 28, 2025

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Forexlive

investingLive Americas market news wrap: Fresh stock market records once again, NVDA soars

US October consumer confidence 94.6 vs 93.2 expectedAugust US Case-Shiller house price index 1.6% y/y vs 1.3% expectedADP to deliver weekly updates on employmentWSJ: Trump looking to lower tariffs on FentanylUS October Richmond Fed composite index -4 versus -17 last monthUS 7-year Treasury auction 3.790% vs 3.782% WIIsrael PM Netanyahu has authorized military to immediately carryout attacks on GazaUS forms $80 billion partnership to build 10 large nuclear reactorsThe China 5-year plan: More of...
USD EUR GBP JPY
Source: Finnhub
Forexlive

China's 5-Year Plan: Manufacturing Focus to Impact USD/CNY, Commodity FX

China's unveiled portions of its 2026-2030 five-year plan signal continued emphasis on manufacturing and technology sectors, potentially affecting USD/CNY and commodity-linked currencies. The plan reinforces China's commitment to industrial self-sufficiency, which could reduce import dependence and impact global trade flows. This manufacturing-centric approach may strengthen the yuan against trading partners' currencies as export competitiveness improves. However, concerns about overcapacity and potential trade tensions with the US and Europe could limit CNY appreciation. For commodity currencies like AUD/USD and USD/CAD, China's manufacturing focus suggests steady but not accelerating raw material demand. Traders should monitor potential policy responses from Western nations, particularly regarding tariffs or trade restrictions. Technical levels for USD/CNY remain range-bound between 7.10-7.25, with the plan's implementation likely to provide medium-term directional clarity.
USDCNY AUDUSD USDCAD
Sentiment: Neutral
Source: Finnhub
investing.com

EUR/USD Consolidates in Ascending Channel, Tests Key Resistance at 1.0860

EUR/USD maintains a tight trading range within an ascending channel pattern, currently testing resistance near 1.0860 as technical indicators suggest potential breakout conditions. The pair has been confined to a 40-pip range over the past 48 hours, with support firmly established at 1.0820 along the channel's lower boundary. Trading volumes remain subdued ahead of key economic releases, including Wednesday's Eurozone inflation data and Friday's US employment report. The ascending channel formation, in place since mid-October, projects a potential move toward 1.0900 if resistance breaks convincingly. RSI indicators hover near 58, suggesting room for further upside without entering overbought territory. Failure to breach current resistance could see the pair retreat to test channel support at 1.0820, with a break below potentially signaling a trend reversal. Traders are advised to watch for volume confirmation on any directional move.
EURUSD
Sentiment: Positive
Source: Marketaux
Forexlive

USD/CNY dips on Trump-Xi meeting confirmation amid trade deal optimism

USD/CNY remains stable near 7.1350 following President Trump's confirmation of Thursday's meeting with Chinese President Xi Jinping. The dollar-yuan pair showed minimal reaction as markets had already priced in the news of a preliminary trade agreement reached over the weekend in Malaysia. Trump expressed optimism about the upcoming discussions, stating he believes the meeting 'will work out well.' The preliminary deal marks a potential turning point in US-China trade relations, which have weighed heavily on both currencies throughout recent months. Market participants are closely monitoring further developments, with any concrete agreement likely to strengthen risk appetite and potentially weaken the dollar's safe-haven appeal. Technical indicators suggest USD/CNY faces immediate resistance at 7.1500, while support lies at 7.1200. A successful Trump-Xi meeting could drive the pair lower toward 7.1000, reflecting improved trade dynamics and reduced geopolitical tensions between the world's two largest economies.
USDCNY
Sentiment: Negative
Source: Finnhub
investing.com

EUR/USD Rises 0.4% on Fed Rate Cut Bets, US-China Trade Progress

EUR/USD advanced 0.4% to 1.0875 as markets price in higher probability of Federal Reserve rate cuts following softer US economic data and reported progress in US-China trade negotiations. Fed funds futures now indicate a 75% chance of a 25-basis-point cut by March 2026, up from 60% last week. The dollar weakness extended across majors, with USD/JPY falling 0.6% to 149.20 as risk sentiment improved. Reports suggest US and Chinese officials made headway on reducing tariffs during weekend discussions, potentially easing global trade tensions. Eurozone data remained supportive, with German business confidence unexpectedly rising to 88.3 from 87.5. Technical analysis shows EUR/USD breaking above the 50-day moving average at 1.0855, opening the path toward 1.0900 resistance. Immediate support sits at 1.0840, with momentum indicators favoring continued euro strength in the near term.
EURUSD USDJPY
Sentiment: Positive
Source: Marketaux
investing.com

USD/JPY Drops 0.8% as Japan Warns on FX, Successful US Talks End Yen Slide

USD/JPY fell sharply by 0.8% to 148.50, ending a seven-day losing streak for the yen after Japanese officials issued fresh warnings about excessive currency movements and reported successful bilateral talks with US counterparts. Japan's Finance Ministry indicated readiness to intervene if speculative moves continue, with officials describing recent yen weakness as "one-sided and rapid." The successful conclusion of US-Japan financial dialogue appears to have given Tokyo more flexibility in potential intervention measures. EUR/USD gained 0.3% to 1.0865, while GBP/USD rose 0.4% to 1.2980 as dollar weakness spread across majors. AUD/USD advanced 0.5% to 0.6620 on improved risk sentiment. Technical indicators suggest USD/JPY may test support at 148.00, with a break potentially accelerating declines toward 146.50. Resistance now stands at 149.50, previously strong support.
USDJPY EURUSD GBPUSD AUDUSD
Sentiment: Negative
Source: Marketaux
investing.com

USD Faces Pressure Ahead of Jobs Data, Consumer Confidence Release

The US dollar index retreated 0.3% to 103.20 as traders position defensively ahead of Tuesday's consumer confidence data and Friday's crucial non-farm payrolls report. Market expectations point to consumer confidence declining to 98.5 from 99.2, potentially signaling weakening economic momentum. EUR/USD climbed 0.25% to 1.0850, while GBP/USD advanced to 1.2955 as dollar selling intensified. USD/JPY remained under pressure at 149.00 following overnight warnings from Japanese officials. EUR/GBP traded sideways at 0.8370 as both currencies gained against the greenback. Analysts project Friday's jobs report will show 175,000 new positions, down from 223,000 previously, with unemployment potentially ticking up to 4.1%. Any disappointment could fuel further dollar weakness and increase Fed rate cut expectations. Support for the dollar index sits at 102.80, with resistance at 103.75.
EURUSD GBPUSD USDJPY EURGBP
Sentiment: Negative
Source: Marketaux
investing.com

Gold breaks $4,000 as traders eye Fed rate cuts and trade developments

Gold spot prices have surged above the psychological $4,000 mark, gaining momentum as markets increasingly price in Federal Reserve rate cuts for 2025. The precious metal's strength reflects growing expectations that the Fed will pivot to a more accommodative stance amid signs of economic moderation. Currency markets are responding accordingly, with the US Dollar Index showing weakness against major counterparts. EUR/USD has found support above 1.0800, while AUD/USD benefits from improved risk sentiment and potential trade de-escalation between major economies. The correlation between gold and currency movements remains strong, with dollar weakness providing additional tailwinds for the yellow metal. Technical indicators suggest further upside potential for gold if it maintains above $4,000, which could pressure the greenback further. Traders should monitor upcoming Fed communications and any developments in international trade negotiations, as these factors will likely drive both precious metal and forex market direction in the near term.
EURUSD AUDUSD
Sentiment: Positive
Source: Marketaux
Forexlive

Light economic calendar keeps forex markets in consolidation mode

Monday's trading session features minimal high-impact economic releases, creating a subdued environment for major currency pairs. The European session offers only low-tier data including Italian business confidence and French unemployment claims, neither expected to influence ECB policy decisions. Similarly, the American session presents the Richmond Fed Manufacturing Index and Dallas Fed Services Index, typically non-market-moving indicators that rarely impact Fed expectations or currency valuations. This data vacuum suggests major pairs like EUR/USD and GBP/USD will likely trade within established ranges, with traders potentially reducing positions ahead of more significant releases later in the week. The absence of market catalysts often leads to technical trading dominating price action, with support and resistance levels gaining increased importance. Volatility is expected to remain compressed, offering limited opportunities for directional trades. Traders should prepare for potential range-bound conditions while monitoring any unexpected geopolitical developments that could disrupt the calm market environment.
EURUSD GBPUSD
Sentiment: Positive
Source: Finnhub
forexcrunch.com

GBP/USD rebounds above 1.3350 as dollar softens before Fed decision

GBP/USD has recovered from its six-day decline, climbing back above 1.3350 as the US dollar weakened on Tuesday amid anticipation of Federal Reserve policy adjustments. The sterling's recovery marks a potential reversal after dropping nearly 200 pips from recent highs, with traders positioning ahead of the Fed's upcoming rate decision. Market participants are pricing in a high probability of a rate cut, which has pressured the greenback across major pairs. The pound found support near the 1.3300 psychological level, with technical indicators suggesting oversold conditions after the recent selloff. Immediate resistance lies at 1.3400, followed by the 1.3450 area where the 50-day moving average converges. A dovish Fed stance could propel the pair toward 1.3500, while any hawkish surprise might renew selling pressure. Traders should monitor US Treasury yields and Fed communications for near-term directional cues.
GBPUSD
Sentiment: Positive
Source: Marketaux
investing.com

USD/JPY gains 0.4% as Japan's diplomatic shift reduces safe-haven demand

USD/JPY has strengthened 0.4% (45 pips) to reach 149.85, driven by Japan's evolving diplomatic stance that has reduced traditional safe-haven flows into the yen. The pair's upward momentum reflects shifting market sentiment as Japanese officials adopt a more nuanced approach to international relations, diminishing the currency's defensive appeal. Technical analysis shows USD/JPY breaking above the 149.50 resistance level, with next targets at 150.20 and the psychological 150.50 mark. The Bank of Japan's continued ultra-loose monetary policy stance contrasts sharply with the Federal Reserve's higher-for-longer rate narrative, supporting the pair's bullish trajectory. Immediate support has formed at 149.40, coinciding with the previous resistance level. Traders are monitoring upcoming Japanese economic data and any shifts in BOJ communication that could impact the yen's weakness. The diplomatic realignment suggests reduced geopolitical risk premiums, potentially establishing a new trading range for USD/JPY above current levels.
USDJPY
Sentiment: Very Positive
Source: Marketaux
investing.com

USD/JPY holds bullish stance as indices hit records, risk-on prevails

Risk appetite remains elevated across global markets with major equity indices reaching new record highs, supporting traditional carry trades and risk-sensitive currency pairs. The Nasdaq 100 and S&P 500 continue their upward trajectory, creating a favorable environment for higher-yielding currencies against safe havens. USD/JPY maintains its bullish momentum, benefiting from the broad risk-on sentiment and persistent yield differentials between US and Japanese government bonds. Gold's strength above $4,000 reflects a unique dynamic where both risk assets and traditional safe havens are attracting buyers, suggesting abundant market liquidity. The Japanese yen remains under pressure as the Bank of Japan maintains its ultra-loose monetary policy stance, contrasting with the Federal Reserve's relatively hawkish positioning. Technical analysis shows USD/JPY defending key support levels, with buyers stepping in on any minor pullbacks. This persistent bid tone suggests further upside potential, particularly if equity markets maintain their record-breaking performance.
USDJPY
Sentiment: Very Positive
Source: Marketaux
investing.com

AUD/USD tracks China optimism and copper rally amid risk-on sentiment

The Australian dollar is gaining ground against the US dollar, with AUD/USD benefiting from improved China economic prospects and surging copper prices. The commodity currency's strength reflects growing optimism about Chinese demand recovery, Australia's largest trading partner, which is boosting base metal prices across the board. Copper futures have rallied significantly, providing additional support for the AUD as Australia remains a major commodity exporter. The USD/CNH (offshore yuan) movements are closely watched by AUD traders, as yuan strength typically translates into Australian dollar appreciation given the strong economic ties. Risk appetite remains robust in Asian markets, further supporting high-beta currencies like the AUD against the greenback. Technical indicators suggest AUD/USD could test recent highs if Chinese data continues to surprise positively and commodity prices maintain their upward trajectory. Traders should monitor upcoming Chinese economic releases and any policy announcements from Beijing, as these will likely determine the pair's near-term direction.
AUDUSD USDCNH
Sentiment: Positive
Source: Marketaux
investing.com

USD/JPY consolidates at key support as buyers defend bullish structure

USD/JPY is experiencing a consolidation phase after recent gains, with buyers actively defending crucial support levels to maintain the pair's bullish technical structure. The pair's price action shows resilience at key support zones, indicating strong underlying demand despite minor profit-taking activities. The persistent strength reflects continued divergence between Federal Reserve and Bank of Japan monetary policies, with interest rate differentials remaining favorable for USD longs. Technical indicators suggest the current consolidation is healthy, allowing overbought conditions to ease while maintaining the broader uptrend intact. Key support has been established at recent lows, with multiple successful tests confirming buyer interest at these levels. A sustained break above recent consolidation highs could trigger fresh momentum buying, potentially targeting new multi-month highs. Traders are advised to watch for any shifts in BOJ rhetoric or unexpected yen intervention risks, though current market dynamics favor continued USD/JPY strength in the medium term.
USDJPY
Sentiment: Positive
Source: Marketaux

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