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Chart of the day: GBP/USD

Blake Morrow Forex Analytix

As North American traders stepped in today, the Cable looked set to challenge the 200dma and recent highs at 1.3830, then the pair was slammed down into North American trade. This keeps the 1.3830-1.3850 levels as critical resistance. But the ascending trend line formed from September 30th has come back into view and a move below the 1.3700 level would be very disappointing for the pair. Also take note, since the end of May the pair has been putting in lower highs which is a risk to any bullish view near term.

Author

Blake Morrow

Forex Analytix

Blake Morrow spent most of his professional career as the Chief Currency Strategist for Wizetrade group for 15 years, and then the Senior Currency Strategist for Ally Financial after the acquisition of Tradeking which owned the Wizetrade Group.

AUD/USD keeps range near 0.6950 after Australian trade data

AUD/USD consolidates near a two-month low, trading around mid-0.6900s in the Asian session on Thursday amid a bullish US Dollar. The US PCE data tempered October Fed hike bets, though oil-driven inflation fears remain supportive of elevated US bond yields. Meanwhile, Australia's trade surplus shrank sharply in August to AUD495M, having limited impact on the Aussie Dollar and the pair.

USD/JPY sits at weekly top above 158.00 as bullish USD counters intervention risks

USD/JPY is sitting at the top end of its weekly range above 158.00 in the Asian session on Thursday. Despite the softer US PCE data, oil-driven inflation risks keep US bond yields elevated near multi-year highs. Moreover, the US-Iran standoff benefits the safe-haven US Dollar and supports the pair. Broad US Dollar strength counters hawkish BoJ expectations and Japanese intervention risks.

Gold fails ahead of $4,200 as surging US yields and Iran risks lift USD closer to YTD top

Gold struggles to capitalize on a modest intraday move up to the $4,200 neighborhood, trading nearly unchanged for the day during the first half of the European session. Despite softer-than-expected US inflation data on Wednesday, US Dollar buying remains unabated as US bond yields continue scaling new multi-year highs. This is seen as a key factor undermining demand for the non-yielding bullion.

Hyperliquid pares gains as ETF outflows cap tentative bullish recovery

Hyperliquid (HYPE) is down 2% at press time on Thursday, trimming its 5% gains from the previous day. Institutional demand is easing, with $5 million in outflows on Wednesday, weighing on near-term investors' sentiment. The technical outlook for HYPE indicates a near-term mixed tone as the price remains capped below $90.

The Euro is near a one-year low: Inflation could trigger its rebound, not its fall

EUR/USD has fallen to its lowest level since May 2025, but a fresh inflation shock in the Eurozone could give the Euro an unexpected lifeline. The pair hit 1.1312 on Wednesday and trades well below the January peak of 1.2082. The decline reflects a powerful combination of US Dollar strength, geopolitical uncertainty and renewed concerns about Europe's exposure to higher energy prices.

The Euro is near a one-year low: Inflation could trigger its rebound, not its fall

EUR/USD has fallen to its lowest level since May 2025, but a fresh inflation shock in the Eurozone could give the Euro (EUR) an unexpected lifeline. The pair hit 1.1312 on Wednesday and trades well below the January peak of 1.2082.

Chart of the day: GBP/USD

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AUD/USD keeps range near 0.6950 after Australian trade data

USD/JPY sits at weekly top above 158.00 as bullish USD counters intervention risks

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The Euro is near a one-year low: Inflation could trigger its rebound, not its fall

The Euro is near a one-year low: Inflation could trigger its rebound, not its fall

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