FxWirePro: AUD/USD falls as hawkish Fed signals underpin dollar 
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Market Roundup
• Germany Industrial Production (MoM) (Aug) 2.0%, 0.5% forecast, -1.2% previous
•Germany Industrial Production (YoY) (Aug) 2.33%, -1.74% previous
•France Reserve Assets Total (Sep) 370,203.0M, 380,694.0M previous
•France Trade Balance (Aug) -6.1B, -6.5B forecast, -6.6B previous
•France Exports (Aug) 54.2B, 54.6B previous
•France Imports (Aug) 60.3B, 61.2B previous
•France Current Account (Aug) -1.50B, -3.90B previous
Looking Ahead Economic Data (GMT)
• 14:30 US Crude Oil Inventories 1.900M, 0.922M previous
• 14:30 US Cushing Crude Oil Inventories 0.553M previous
• 14:30 US Crude Oil Imports -0.468M previous
• 14:30 US EIA Refinery Crude Runs (WoW) -0.554M previous
• 14:30 US EIA Weekly Refinery Utilization Rates (WoW) -1.5%
• 14:30 US Gasoline Production -0.124M previous
• 14:30 US Gasoline Inventories -1.700M forecast, -1.684M previous
• 14:30 US EIA Weekly Distillates Stocks -2.100M forecast, -2.251M previous
• 15:00 US Consumer Inflation Expectations (Sep) 3.6% previous
Looking Ahead Events And Other Releases (GMT)
• No Events Ahead
Currency Forecast
EUR/USD : The euro slipped towards 17-month lows on Wednesday as US dollar firmed ahead of Federal Reserve minutes and speeches by its policymakers for signals on a potential rate hike. Attention turns to the minutes from the Federal Reserve's September meeting and remarks from Fed officials for fresh clues on the interest-rate outlook. Expectations for another US rate hike this month have faded after weaker-than-expected jobs data, though markets still anticipate further tightening later this year and into next year.. Immediate resistance can be seen at 1.1294(38.2%fib), an upside break can trigger rise towards 1.1393(50%fib).On the downside, immediate support is seen at 1.1188(23.6%fib), a break below could take the pair towards 1.1111(Lower BB).
GBP/USD: The pound slipped lower on Wednesday as rising oil prices and surging bond yields kept investors cautious.Oil prices rose, with Brent futures holding above $100 a barrel, as investors weighed higher Gulf exports against persistent supply risks from the Middle East conflict and a storm approaching US oil-producing regions.Investors also awaited minutes from the Federal Reserve's latest meeting for further clues on the outlook for US monetary policy and the timing of any future interest-rate cuts.British house prices were flat in September after recording their first annual decline since 2023 in August, according to Lloyds data, which came in weaker than analysts had expected. Immediate resistance can be seen at 1.3297(38.2%fib), an upside break can trigger rise towards 1.3339(SMA 20).On the downside, immediate support is seen at 1.3155(23.6%fib), a break below could take the pair towards1.3104 (Lower BB).
AUD/USD: The Australian dollar slipped lower from three-day high on Wednesday as investors awaited central bank updates for indications on the direction of monetary policy.Later on Wednesday, the US central bank will release minutes from its September 15-16 meeting, when policymakers raised interest rates to tackle inflation.Meanwhile, RBA’s October 13 meeting minutes will be the next major focus and are expected to sound hawkish, reflecting the board’s unanimous decision to lift interest rates.Markets will look for clues on whether policymakers considered the hike enough, their view of the risks and the prospect of another rate move in the months ahead.September employment data next week could provide fresh clues on the outlook, following the unexpected jump in the unemployment rate to 4.6% in August, a five-year high.Immediate resistance can be seen at 0.6991(38.2%fib), an upside break can trigger rise towards 0.7063(50%fib).On the downside, immediate support is seen at 0.6937 (Oct 5th low), a break below could take the pair towards 0.6900(23.6% fib)
USD /JPY : The U.S. dollar edged higher against the yen on Wednesday as dollar firmed ahead of Federal Reserve minutes. BOJ Policy Board member Sato has adopted a more hawkish stance, saying he now supports rate hikes. Sato previously dissented at the latest BOJ meeting in favour of keeping rates unchanged, alongside fellow newcomer Asada.BOJ policymaker Ayano Sato supports raising interest rates in several stages, Kyodo reported Wednesday, suggesting even dovish board members recognise the need to address inflation risks.Sato, appointed by Prime Minister Sanae Takaichi, was one of two dissenters against the BOJ’s September rate increase after joining the nine-member board in June.After spending years treading cautiously in policy normalisation, the BOJ picked up pace in raising rates by hiking in June and September as the Iran war-induced energy shock added to price pressures from rising import costs via a weak yen. Immediate resistance can be seen at 158.00(Psychological level), an upside break can trigger rise towards 158.48(50%fib).On the downside, immediate support is seen at 156.46(SMA 20) a break below could take the pair towards 156.13(61.8%fib).
Equities Recap
European shares edged lower on Wednesday after three straight sessions of gains, as higher oil prices and an ascent in bond yields weighed on sentiment.
UK's benchmark FTSE 100 was down by 0.82 percent, Germany's Dax was down by 1.54 percent, France’s CAC was down by 1.42 percent.
Commodities Recap
Oil prices rose on Wednesday, with Brent futures holding above $100 a barrel, on continued Middle East supply risks and a storm heading for oil-producing regions in the United States.
Brent crude futures were up 75 cents, or 0.75%, to $101.33 a barrel at 1200 GMT. US West Texas Intermediate (WTI) crude was up 39 cents, or 0.44%, to $89.83.
Gold declined to a two-month low on Wednesday, pressured by a strong US dollar and Treasury yields, while investors awaited the minutes of the Federal Reserve's September meeting to gauge the implications for the central bank's next policy steps.
Spot gold fell 1.6% to $4,096.13 per ounce by 9:20 a.m. EDT (1320 GMT), touching its lowest level since August 5. US gold futures for December delivery declined 1.6% to $4,121.70.
