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Russia Producer Price Index (MoM) declined to 0.5% in September from previous 1.1%

Russia Producer Price Index (YoY) dipped from previous 0.4% to -0.4% in September

Russia Industrial Output below expectations (0.9%) in September: Actual (0.3%)

Tesla has returned to favor on Wall Street after a brutal start to the year.

Bloomberg is reporting that the UK government may announce emergency measures to boost London housebuilding as soon as Thursday, a headline that sparked a late-session spike higher in the GBPUSD as London and European traders wrapped up their day.

Earlier in the session, the pound had fallen sharply after UK inflation data came in weaker than expected, with headline CPI unchanged month-on-month (vs. +0.2% expected) and softer core readings across the board. The initial reaction saw GBPUSD break below a key swing area between 1.3323 and 1.3341, extending down to a session low of 1.3306 before stabilizing.

Since then, the pair has rebounded strongly, reclaiming the 1.3341 level and climbing toward a near-session high of 1.3373. That peak aligns precisely with the 200-hour moving average at 1.33734 (green line on the chart above), a critical short-term technical barrier. The current price is hovering around 1.3367 — roughly unchanged on the day — as traders weigh whether this bounce has more room to run.

From a technical perspective, buyers will need to push decisively above the 200-hour moving average (1.3373) to regain control and confirm a more constructive short-term bias. A sustained move above would likely open the door toward the falling 100-hour moving average at 1.34025 (blue line), which becomes the next key upside target.

Conversely, if the pair fails to hold gains and slips back below 1.3341, it would suggest that the bounce is losing momentum, leaving the pair vulnerable to renewed downside pressure back toward 1.3306 and potentially the prior lows.

This article was written by Greg Michalowski at investinglive.com.

President Trump has said he and donors will cover the costs of the White House East Wing ballroom, but it is not clear who all the contributors are.

AUD/USD trades slightly higher around 0.6500 on Wednesday at the time of writing, up about 0.10% for the day. The pair benefits from a renewed risk-on mood, as investors welcome more constructive signals on the trade front between the United States (US) and China.

AUD/USD trades slightly higher around 0.6500 on Wednesday at the time of writing, up about 0.10% for the day. The pair benefits from a renewed risk-on mood, as investors welcome more constructive signals on the trade front between the United States (US) and China.

The Euro (EUR) edges higher against the US Dollar (USD) on Wednesday, snapping a three-day losing streak as the Greenback loses momentum. At the time of writing, EUR/USD is trading around 1.1611, bouncing off the intraday low near 1.1576.

The Euro (EUR) edges higher against the US Dollar (USD) on Wednesday, snapping a three-day losing streak as the Greenback loses momentum. At the time of writing, EUR/USD is trading around 1.1611, bouncing off the intraday low near 1.1576.