• Shares of Forrestania Resources rise as much as 9.5% to A$0.345, their biggest intraday pct gain since September 4

• Stock hits its highest level since September 22

• Stock is up 9.4% for the week, it's best weekly performance in one and a half months

• Gold miner says its Edna May Processing Facility remains on track to commence production, with first ore expected to be processed in mid-December 2026

• YTD, stock up 16.7%, including the session's moves

(Reporting by Paridhi Minda in Bengaluru)

• Australian gold stocks rise as much as 4.2%, logging their biggest intraday pct gain since August 20

• Sub-index tracks gold prices, which climbed more than 1% on Thursday supported by a weaker dollar and lower US Treasury yields [GOL/]

• Evolution Mining rises 3%, while Northern Star Resources gains over 3%

• AXGD down nearly 4% this year, including the day's move

(Reporting by Rajasik Mukherjee in Bengaluru)

• NZD/USD +0.6% from Thur 0.55895 low as RBNZ rate hike bets firm

• RBNZ Chief Economist Paul Conway says OCR likely to rise, but timing open

• Futures pricing now implies 79.6% chance of RBNZ hike on Oct 28

• NZ Sep electronic card retail sales -0.4% m/m (prior -0.9%), +0.9% y/y

• DXY -0.5% & UST yields lower despite concerning U.S. PPI spike

• WTI -0.6% to $97.40 a barrel in Asia; Houthis expanding Saudi attacks

• Range NZ 0.5611-235, support 0.5485, resistance 0.5650 0.5995 0.6012
NZD Daily 21/55/100-DMA

(James Connell is a Reuters market analyst. The views expressed are his own.)

• AUD/USD -0.9% from Thur 0.69795 high as risk sentiment continues to falter

• DXY -0.5% & UST yields lower across the curve despite notable U.S. PPI spike

• Investors seeking safe-haven assets as concern mounts on AI trade & equities

• WTI +2.7% to $97.65 a barrel on larger-than-expected crude stock draw

• RBA Assistant Governor Christopher Kent interview Sun

• AUD ultimately targeting 0.6865 support, break would accelerate selloff

• Overnight range 0.69045-435 support 0.6865 0.6834, resistance 0.7003 0.7282
US Inflation Measures


AUD Daily 21/100/200-DMA

(James Connell is a Reuters market analyst. The views expressed are his own.)

• GBP$ firm in NY afternoon trade, +0.56% at 1.3271; NorAm range 1.3276-1,3232

• UST yields move lower still after stark reversal post CPI Wednesday; UST 7-30yr -10bp

• US tech/AI concerns stir broad risk off rally; equities mixed, Nasdaq -0.6%, Dow +0.9%

• Today's UK GDP, output data post upside surprise, trade deficit dips adds to bullish tenor

• UK CPI/RPI on Oct 21 and Autumn Budget Oct 28 move into focus

• GBP$ res 1.3275 Wed/Thurs high, 1.3333 falling 30-DMA, 1.3406 Sept 17 high

• Supt 1.3232 NorAm low Thursday, 1.3300 psychological lvl, 1.3137 Oct 14 flash low

GBP$ Chart:

(Paul.Spirgel is a Reuters market analyst. The views expressed are his own)

• NY opened near 0.6920 after 0.6980 traded overnight, drop extended early

• USD, US yields rallied after the US September PPI report

• Stocks fell sharply & gold, silver erased some of their overnight gains

• AUD/USD broke the trend line off the March low, hit a 3-month low of 0.6895

• Bears ran out of gas as yields & USD reversed the PPI induced gains

• Gold, silver moved up & stocks turned positive on the session

• AUD/USD neared 0.6925 then neared 0.6915 late, it traded down -0.82%

• Techs lean bearish; RSI falling, pair below 10-DMA, bear pennant base broken

• Comments from Fed Chair Warsh could impact risk in Asia trading hours
audusd

(Christopher Romano is a Reuters market analyst. The views expressed are his own)

(Updates)

• Shares of gold miners rise, tracking higher bullion prices [GOL/]

• Spot gold up 1.3% at $4,156.52/ounce

• Prices climb more than 1%, looking set to snap three sessions of losses, supported by a weaker dollar and lower US Treasury yields, while expectations of a Federal Reserve rate hike this month remained subdued despite hotter-than-expected inflation data

• Top miners Barrick Mining and Newmont

rise 1.1% and 1%, respectively

• US listed shares of South African miners Harmony Gold , Gold Fields and Sibanye Stillwater rise 2.5%, 2.2% and 1.6%, respectively

• Canadian miners Agnico Eagle Mines and Kinross Gold advance 1.5% each

(Reporting by Dharna Bafna in Bengaluru)

• U.S. Treasury directed Fed to sell euros and buy yen on Friday, July 31

• As a result EUR/JPY has dropped 187.44 to 176.17

• Last trading 176.74 the next downside targets are 175.54 and 173.92

• The main target for the drop led by the US is 171.86

• Correction targets for 2025/2026 bull trend 175.26, 171.34, 167.43

• There is a strong chance of further action to prop yen should it fall

• Support of both BOJ and FED has encouraged specs to sell

•
EURJPY correction targets


EURJPY since US treasury sold

(Jeremy Boulton is a Reuters market analyst. The views expressed are his own)

• Dollar eases as Treasury yields fall; Fed hike bets ease

• Seems market may not be eyeing October Fed hike given split FOMC board

• USD/JPY has slipped to 157.59 from 158.33, in Asia on Thursday, according to EBS data

• The thick cloud, that currently spans the 156.64-158.44 region, underpins

• Overall bias remains on the upside as USD/JPY usually climbs in October

• USD/JPY and EUR/JPY tend to move in tandem, 30 and 60-day log correlations are high above +0.5

Daily Chart


Correlation Chart

(Martin Miller is a Reuters market analyst. The views expressed are his own)

• Brent Crude down 2.1% at $103.83 per barrel

• US/German 10-year spread narrows to 170bps

• French/German 10-year tighter at 137 bps

• US 10-year yield down 24 bps to 5.08% since Wednesday

• Treasury short squeeze could hit dollar hard

• Oct 6/7 highs 1.1276/62 looking key after early rise to 1.1241

• 1.1320 is target for minor correction of drop led by US rate rise

•
EURUSD

(Jeremy Boulton is a Reuters market analyst. The views expressed are his own)

• FX options expire at 10am New York / 15:00 GMT on Thursday October 15

• EUR/USD: 1.1100 (589M), 1.1115 (298M), 1.1120 (458M), 1.1125 (214M), 1.1150 (874M), 1.1160 (575M)

• EUR/USD: 1.1185 (204M), 1.1200 (946M), 1.1225 (578M), 1.1245 (285M), 1.1250 (4.1B), 1.1265 (250M), 1.1270 (402M)

• EUR/USD: 1.1275 (2.1B), 1.1290 (199M), 1.1300 (476M), 1.1330 (358M), 1.1350 (3.0B)

• USD/JPY: 154.00 (602M), 154.50 (240M), 154.65 (237M), 154.70 (848M), 154.75 (184M), 155.00 (839M)

• USD/JPY: 156.00 (1.5B), 156.30 (339M), 156.85 (235M), 157.00 (833M), 157.15 (346M), 157.20 (450M), 157.50 (883M)

• USD/JPY: 157.60 (260M), 158.00 (1.3B), 158.41–158.45 (256M), 158.50 (869M), 158.55–158.57 (447M), 160.00 (531M)

• EUR/JPY: 176.75 (225M), 177.00 (220M), 179.00 (325M), 180.00 (633M), 180.50 (250M), 181.00 (201M)

• GBP/USD: 1.3180 (322M), 1.3200 (437M), 1.3325 (477M), 1.3375 (220M), 1.3430 (200M), 1.3500 (207M)

• EUR/GBP: 0.8480 (1.2B), 0.8500 (262M), 0.8580 (358M), 0.8650 (440M)

• USD/CHF: 0.8145 (290M), 0.8160 (359M), 0.8185 (248M), 0.8250 (558M), 0.8480 (210M)

• EUR/CHF: 0.9250 (200M), 0.9390 (430M), 0.9500 (279M)

• AUD/USD: 0.6800 (319M), 0.6900 (658M), 0.6975 (207M), 0.6980 (436M)

• AUD/USD: 0.6985 (328M), 0.6990 (291M), 0.7000–0.7005 (3.2B), 0.7010 (271M), 0.7020 (995M), 0.7090 (559M)

• AUD/USD: 0.7120 (358M), 0.7125 (472M), 0.7130 (292M)

• NZD/USD: 0.5565 (662M), 0.5745–0.5750 (252M), 0.5790 (466M), 0.5810 (302M), 0.5910 (380M)

• USD/ZAR: 16.6000 (491M)

(Martin Miller is a Reuters market analyst. The views expressed are his own)

• AUD/USD falls to 0.6937 as AUD weakens on soft Australian jobs data

• 0.6937 is the lowest level since Oct 8 (0.6933 was low that day)

• Australian employment fell by 39,300 in Sept vs forecast 20k increase

• Unexpectedly negative number slashes chances of RBA hike in Nov/Dec

• 0.6979 was AUD/USD high in Asia (before the Australian jobs data)

• Bids likely near 0.6900 (0.6904 was 13-week low on Oct 1)

AUDUSD

(Robert Howard is a Reuters market analyst. The views expressed are his own)

• EUR/USD dropped to 1.1113 on Weds rallies to 1.1241 on Thursday

• Drop almost reached 1.1105, 50% 1.0125-1.2084 rise, 200-WMA 1.1102

• Weds close 1.1158, Thursday's range 1.1153-1.1241, open 1.1155

• Drop was severely stretched under 1.1200 base 20-week Bollingers

• Snap back has alleviated stretched nature of the decline

• Stock drops may encourage traders profitably short EUR to pare risk

• Bond rally has tightened spreads underpinning EUR/USD

•
EURUSD weekly chart

(Jeremy Boulton is a Reuters market analyst. The views expressed are his own)

• Shares of India's Canara Bank fall 5.7% to 117.65 rupees

• Stock on course for biggest intraday percentage loss since March 30

• Emkay Global says management highlights intense competition in gold lending as key concern despite strong Q2 results

• Says management estimates expected credit loss provisioning requirement between 120 billion rupees ($1.26 billion) and 150 billion rupees, up by 30 billion rupees due to higher bond yields and potential one-time mark-to-market impact

• JM Financial says credit cost is significantly below guidance at 0.47% against guidance of 0.75%

• Says management expects limited near-term revenue from online payments services as customer adoption remains slow, while transaction-related costs remain elevated

• Stock down 23.97% YTD

($1 = 94.9875 Indian rupees)

(Reporting by Anushka Rajvedi in Bengaluru)

• USD/JPY off hard on good sales, lower US yields despite "hot" US CPI

• Seems market may not be eyeing October Fed hike given split FOMC board

• Yield on US Treasury 2s to 4.715%, 10s to 5.098% in Asia

• Japanese exporters again on offer, likely joined by specs

• USD/JPY from 158.95 high yesterday, 158.33 early high to 157.59 EBS

• Back below 158.57 200-DMA, into 156.64-158.44 daily Ichimoku cloud

• Eyes on 157.52 low October 8, 157.46 low October 5, 156.96 October 2

• Massive option expiries in area to help contain spot action

• Between 157.00-60 total $3 bln, between 158.00-60 total $3.3 bln

• EUR/JPY 176.53 to 177.12 EBS, bouncing but still in recent lower range

• To 177.12 100-HMA, into 177.02-17 hourly Ichi cloud, 200-HMA 177.32

• CHF/JPY 189.42 to 190.52, some bounce but also holding in lower range

• GBP/JPY 208.49-209.08, also holding in recent lower range

• AUD/JPY heavy, 110.38 to 109.45 but also holding in lower range

• NZD/JPY 88.27-84, in recent lower range

• Related comments , , also

• On BOJ Koeda-speak , Japan machinery orders
USD/JPY:


EUR/JPY:


AUD/JPY:

(Haruya Ida is a Reuters market analyst. The views expressed are his own)

• AUD/USD -0.3% Thur as AU jobs data disappointment cools RBA hike bets

• Sep unemployment printed 4.7% (poll 4.6%), while Aug was revised up to 4.7%

• Futures pricing implies 87.6% chance RBA stands pat on OCR at Nov meeting

• FOMC FFR hike bets firm in wake of Wed's warmer U.S. CPI release

• AI trade wobbles as the threat of higher borrowing costs hits home

• U.S. considers easing sanctions on Iranian vessels, WTI -1.5% in Asia

• AUD targets 0.6865 support zone, break below would accelerate downswing

• Range Asia 0.69444-795 support 0.6865 0.6834, resistance 0.7006 0.7282
AUD Daily 21/100/200-DMA

(James Connell is a Reuters market analyst. The views expressed are his own.)

• Australian mining stocks slide as much as 3.6%, logging their lowest level since July 21

• Sub-index sees biggest intraday pct fall since September 11

• AXMM on course for third consecutive session of declines, if current trend holds

• Miners fall on the back of falling copper and iron ore prices [MET/L] [IRONORE/]

• Mining giants BHP Group and Rio Tinto down 3.8% and 4.2%, respectively

• Sub-index up 5.9% YTD

(Reporting by Rudrannsh Mehra in Bengaluru)

• AUD/USD -0.2% Thur as AU employment data misses expectations

• AU Sep jobs update: -39.3k jobs (poll +20k), 4.7% unemployment (poll 4.6%)

• Fed policy rate hike bets firmer in wake of Wed's warm U.S. CPI release

• Threat of higher borrowing costs puts AI related stocks under pressure

• U.S. considers easing sanctions on Iranian vessels, WTI -0.4% in Asia

• AUD targets 0.6865 support zone, break below would reaccelerate downswing

• Range Asia 0.69444-795 support 0.6865 0.6834, resistance 0.7006 0.7282
AUD Daily 21/55/100-DMA


AUD Hourly Bollinger Study

(James Connell is a Reuters market analyst. The views expressed are his own.)

• USD/JPY less affected than other pairs after hot US CPI data

• US Sept CPI MM +0.6%, YY +3.7%, core MM +0.3%, YY +2.6%

• Expectations for +0.6%, +3.6%, +0.2% and +2.5%, respectively

• Some players not see FOMC October meeting "live" despite split views

• That said, other players see no urgency on part of Fed to hike

• USD/JPY 158.33 to 157.78 EBS in Asia, off from 158.95 high in New York

• Reports Japanese exporters good sellers on move to high yesterday

• Specs may have jumped too on the back of Japanese exporter flows

• Tokyo players in particular wary of FX intervention towards 160.00

• Exporters have been stepping ahead recently, especially from @159.00

• Spot back below 200-DMA at 158.57, into 156.64-158.44 daily Ichimoku cloud

• JGB-US Treasury rate differentials not much changed, in stasis still

• In 2s around 284 and in 10s around 219 bps as of the New York close

• Some large option expiries in area today to help contain spot action

• 157.00 $833 mln, 157.15-20 $843 mln, 157.50-60 $1.3 bln, 158.00 $1.3 bln

• Also between 158.20-45 $579 mln, 158.50-60 $1.3 bln, 159.00-25 $475 mln

• Related comments , , ,

• And , , also , on US CPI

• US markets , , ,

• On Fed/Fed-speak , , ,

• Also , for more click on [FXBUZ]

USD/JPY daily:


JGB-US Treasury 2-year interest rate differential:


USD/JPY nearby option expiries into next week:

(Haruya Ida is a Reuters market analyst. The views expressed are his own)

• NZD/USD -0.7% from Wed 0.56305 high in aftermath of warm U.S. CPI release

• Stop-loss selling below key 0.5581 support saw NZD dip to 0.5566 overnight

• U.S. Sep CPI +0.6% m/m, +3.7% y/y (poll +0.6% & +3.6% respectively)

• Fed's Goolsbee worried about inflation report; DXY hits 102.94 18-month high

• Iran plots to keep oil prices high; Brent crude +0.4% to $106.11 a barrel

• RBNZ's Williams talking on monetary policy Thur, while Breman speaks Fri

• Futures pricing currently implies 74% chance of RBNZ hike on Oct 28

• Range NZ 0.5587-935, support 0.5485, resistance 0.5650 0.5995 0.6012
DXY Daily 55/100/200-DMA


NZD Daily 21/55/100-DMA

(James Connell is a Reuters market analyst. The views expressed are his own.)

• AUD/USD -0.6% from Wed 0.70145 high after U.S. inflation tops expectations

• AU Sep employment due Thur, poll consensus: +20.0k jobs, 4.6% unemployment

• U.S. Sep CPI +0.6% m/m, +3.7% y/y (poll +0.6% & +3.6% respectively)

• Fed President Goolsbee said inflation report was 'discouraging'

• Futures pricing now implies 92% chance Fed hikes at least 25 bps by Dec 9

• Iran flags intent to target oil tankers, WTI +1.0% to $95.04 a barrel

• AUD targets 0.6865 support zone, break below will accelerate rout

• Overnight range 0.6951-0.70145 support 0.6865 0.6834, resistance 0.7282
US Annual CPI


AUD Daily 21/55/100-DMA

(James Connell is a Reuters market analyst. The views expressed are his own.)

• GBP$ holds bulk of Wed dive in NY afternoon, -0.67% at 1.3170; NorAm range 1.3272-1.3137

• Pair put in fresh 2026 low at 1.3137 after US core CPI posted upside surprises

• Persistent US inflation stoked more-hawkish Fed policy expectations, Oct hike odds rose

• Supt near prior 2026 high by 1.3140 holds; Thursday UK GDP, output & US PPI in focus

• LSEG's IRPR sees Fed Oct hike odds at 37%, 31bp priced by Dec; BoE Nov hike 92% priced in

• GBP$ supt 1.3137 Wed low, 1.3100 psychological lvl, 1.3081 lower 30-d Bolli

• Res 1.3200 psychological lvl, 1.3224 falling 10-DMA, 1.3275 Wednesday high

Chart:

(Paul.Spirgel is a Reuters market analyst. The views expressed are his own)

• Cryptocurrency and blockchain-related stocks dip on Wednesday after bitcoin drifts to its lowest level in about a week

• Bitcoin down 2.1% at $81,635.42; Ether down 3.2% at $2,429.58

• Crypto exchange Coinbase Global falls 4.5%; BTC hoarder Strategy drops 5.1%

• Retail trading platform Robinhood Markets slips 7.1%, while Webull declines 4.1%

• Crypto miners weaken: Riot Platforms Inc 5.5%, Mara Holdings 7%, Bit Digital 8.2%, Hut 8

10.9%

• BTC mining machine maker Canaan drops 7.8%, stablecoin issuer Circle Internet falls 6.1%

• ProShares Bitcoin Strategy ETF and iShares Bitcoin Trust ETF both down a little lesser than 2%

• Shares of American Bitcoin , backed by the two eldest sons of US President Donald Trump, eases 8.9%

• Ether-linked stocks Bitmine Immersion Technologies

and Sharplink Gaming slip 4.8% and 7.7%, respectively

• Including the session's moves, BTC down 6.8% YTD, ETH down 18.4% YTD

(Reporting by Darshan Kumar in Bengaluru)

• Shares of silver miners down, tracking prices of bullion [GOL/]

• Spot silver falls 4.1% to $59.96/ounce

• Prices extend losses for a third straight session, as a stronger than expected inflation reading increased US Federal Reserve rate hike bets for this month

• Hecla Mining and Coeur Mining fall 2.7% and 3%, respectively

• Canadian miners: Endeavour Silver dips 2.3% and Silvercorp Metals slumps 2.1%

• Physical Silver Shares ETF and iShares Silver Trust each plunge 3.6%

(Reporting by Dharna Bafna in Bengaluru)