USD/CAD scales higher for the third straight day and advances to a near two-week high. Sliding Oil prices undermine the Loonie and remain supportive amid a bullish US Dollar. Hawkish Fed expectations, rallying US bond yields and a softer risk tone benefit the buck. Traders look to the US macro data for some impetus ahead of Fed Chair Powell’s speech. (FXStreet)

USD/JPY trades in negative territory near 149.80, down 0.10% on the day. The US Building Permits came in better than expected; Housing Starts arrived worse than the market consensus. The Bank of Japan (BoJ)’s quarterly report suggested a recovery in Japan’s economy for all regions. The Fed Chair Jerome Powell’s speech, Japanese inflation data will be closely watched events this week. (FXStreet)

EUR/USD consolidates in a narrow trading band through the Asian session on Thursday. The fundamental backdrop and the technical setup support prospects for further losses. A convincing breakout through the descending channel hurdle will negate the bearish bias. (FXStreet)

Pound Sterling finds some support after a fresh four-day low as room remains open for further policy-tightening by the BoE. A slowdown in progress in achieving 2% inflation has escalated hawkish BoE bets. The market mood remains risk-off amid increasing Israel-Hamas tensions. (FXStreet)

Australian Dollar continues to lose ground after the release of jobs figures by the Australian Bureau of Statistics. Australia's Unemployment Rate outshone predictions at 3.6%, surpassing the expected 3.7%. Employment Change fell below the consensus forecast, reporting 6.7K instead of the anticipated 20K. US housing market is currently presenting a puzzle with conflicting signals, keeping observers on alert. (FXStreet)

NZD/USD drifts lower for the third straight day and touched its lowest level since November 2022. The Israel-Hamas war, hawkish Fed expectations underpin the Greenback and weigh on the major. Traders look to the US macro data for some impetus ahead of Fed Chair Jerome Powell’s speech. (FXStreet)

USD/CHF receives upward support despite stronger Switzerland’s Trade Balance data. Swiss balance of trade increased from 3,814M to 6,316M in September. Higher US bond yields contribute support to underpinning the US Dollar. (FXStreet)

USD/MXN continues the winning streak as negative sentiment sours on the Israel-Hamas war. Banxico Deputy Governor Mejia has affirmed that the balance of inflation risks has not worsened. US Building Permits surpassed expectations, and Housing Starts rebounded in September. (FXStreet)

GBP/JPY continues the losing streak on market caution regarding the BoE interest rate trajectory. Japan’s Trade Balance increased to ¥62.4B surplus from negative ¥937.8B previously. UK revealed a resilient headline CPI at 6.7%, defying expectations of a decrease to 6.6%. (FXStreet)

EUR/GBP hovers below the psychological level at 0.8700. The uncertainty over the BoE's further policy actions put pressure on the Pound Sterling. ECB is expected to hold further interest rate hikes could weigh on the Euro. (FXStreet)

Indian Rupee posts modest gains amid the further escalation of geopolitical tensions in the Middle East. The rising geopolitical tension between Israel-Hamas might limit the INR’s upward path. The Federal Reserve’s Beige Book update showed the US economic outlook had "little to no change" between September and early October. (FXStreet)

WTI: Upside momentum appears limited around $95.00. WTI prices added to Tuesday’s advance and flirted with the key $90.00 mark per barrel on Wednesday. The daily gains were on the back of shrinking open interest, however, and seem to favour some corrective knee-jerk in the very near term. On the upside, the 2023 high around the $95.00 mark per barrel (September 28) remains the next barrier for bulls for the time being. (FXStreet)

The index meets resistance around the 106.50 area. Chief Powell will discuss the Economic Outlook later in the session. Weekly Claims, Philly Fed index, Fedspeak take centre stage as well. The greenback exchanges gains with losses in the mid-106.00s when tracked by the USD Index (DXY) on Thursday. (FXStreet)

Gold price trades with a positive bias for the third successive day on Thursday. Geopolitical risks continue to underpin demand for the safe-haven XAU/USD. Hawkish Fed expectations, rising US bond yields and stronger USD cap gains. (FXStreet)

Silver regains positive traction on Thursday and climbs back to the $23.00 round-figure mark. The technical setup seems tilted in favour of bulls and supports prospects for additional gain. A convincing break below the 38.2% Fibo. level is needed to negate the constructive outlook. (FXStreet)

Bitcoin continues to be well supported, now testing a formidable resistance on the 200-day moving average, roughly coinciding with the end-August high of 28150. This follows a hold last month above strong support at the June low of 24750, which has kept intact the higher-top-higher-bottom formation since the end of 2022. Importantly, this keeps alive the possibility of an extended recovery given the 2021-2022 decline and the possibility of Bitcoin shedding some of its underperformance Vs Ethereum in recent years. (DailyFX)

ETHEREUM: Beginning to look vulnerable. The lack of a meaningful upward momentum in recent weeks raises the risk of Ethereum staging a secondary/lower high on the weekly charts, relative to early 2023. This would be the first time since the recovery started in late 2022 that the higher-highs-higher-lows sequence would be broken. ETH/USD in August fell below crucial support on the 200-day moving average for the first time since January. (DailyFX)

Source: FXStreet, DailyFX

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