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USD/CNH: Likely to trade in a range between 7.1200 and 7.1300 – UOB Group
USD/CNH: Likely to trade in a range between 7.1200 and 7.1300 – UOB Group
Momentum indicators are mostly flat; US Dollar (USD) is likely to trade in a range between 7.1200 and 7.1300. In the longer run, USD has likely entered a range-trading phase between 7.1120 and 7.1330, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Banks
Technical Analysis
USDCNH
NZD/USD: Likely to trade in a range between 0.5610 and 0.5645 – UOB Group
NZD/USD: Likely to trade in a range between 0.5610 and 0.5645 – UOB Group
New Zealand Dollar (NZD) is likely to trade in a range between 0.5610 and 0.5645. In the longer run, positive divergence suggests waning downside momentum; a breach of 0.5660 would mean that weakness in NZD has stabilized, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
NZDUSD
Technical Analysis
Banks
AUD/USD surges to near 0.6530 as RBA’s Hauser restrictive monetary policy stance
AUD/USD surges to near 0.6530 as RBA’s Hauser restrictive monetary policy stance
The AUD/USD pair jumps 0.56% to near 0.6530 during the European trading session on Monday.
AUDUSD
Fed
RBA
Inflation
UnitedStates
GBPUSD Technical Analysis: BoE wants a confirmation of disinflation improvement
GBPUSD Technical Analysis: BoE wants a confirmation of disinflation improvement
The GBPUSD pair continues to pull back amid less dovish than expected BoE Governor Bailey comments and US dollar weakness. What's next?
GBP
USD
EUR/USD steady as US shutdown deal progresses, Eurozone sentiment in focus
EUR/USD steady as US shutdown deal progresses, Eurozone sentiment in focus
EUR/USD trades around 1.1560 on Monday at the time of writing, virtually unchanged on the day. The US Dollar (USD) finds renewed support following Bloomberg reports that a group of centrist Senate Democrats agreed to back a deal to end the US government shutdown.
EUR/USD: Weakness from a week ago has stabilized – UOB Group
EUR/USD: Weakness from a week ago has stabilized – UOB Group
Euro (EUR) is likely to trade in a 1.1525/1.1580 range. In the longer run, weakness from a week ago has stabilized; EUR is likely to trade in a range of 1.1485/1.1610 for the time being, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
EURUSD
Technical Analysis
Banks
Fed's Daly: Need to keep an open mind about further rate cuts
Fed's Daly: Need to keep an open mind about further rate cuts
Federal Reserve (Fed) Bank of San Francisco President Mary Daly said on Monday that Fed policymakers need to keep an open mind about further rates cuts, per Reuters.
CentralBanks
Fed
CNY: Low inflation despite surprise – Commerzbank
CNY: Low inflation despite surprise – Commerzbank
Over the weekend, Chinese inflation figures were published and showed a slight surprise on the upside. In this case, however, this should be seen as positive – because while the rest of the world is struggling with inflation that tends to be too high, China is still on the brink of deflation.
Banks
China
USDCNY
PBOC
USDCNH
EUR/HUF slides toward key 383 support – Société Générale
EUR/HUF slides toward key 383 support – Société Générale
EUR/HUF continues its steady decline, with the pair drifting toward the crucial 383/382 support zone at the base of its descending channel, Société Générale's FX analysts note.
Banks
Hungary
EURHUF
USD: Thanksgiving focuses the minds – ING
USD: Thanksgiving focuses the minds – ING
Developments over the weekend hint at a path to ending the US government shutdown. It seems the prospect of massive flight delays around Thanksgiving and the delay in food aid payments has prompted a group of moderate Democrats to back a proposed compromise bill in the Senate.
Banks
Technical Analysis
DollarIndex
Gold Price Forecast: XAU/USD jumps to near $4,080 as Fed rate cut in December looks likely
Gold Price Forecast: XAU/USD jumps to near $4,080 as Fed rate cut in December looks likely
Gold price (XAU/USD) trades 2% higher to near $4,080 during the European trading session on Monday. The yellow metal strengthens amid steady expectations that the Federal Reserve (Fed) will cut interest rates again in the December policy meeting.
Gold
XAUUSD
Fed
DollarIndex
UnitedStates
USD/JPY: 2-way trades – OCBC
USD/JPY: 2-way trades – OCBC
USD/JPY jumped in early trade this morning, as demand for safe haven proxy faded in reaction to news that US government shutdown may be nearing an end. USD/JPY last seen at 154.17 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
USDJPY
Technical Analysis
Banks
Japan
TRY: Inflation forecasts revised up despite assurances – Commerzbank
TRY: Inflation forecasts revised up despite assurances – Commerzbank
The Turkish central bank (CBT) has adjusted its year-end inflation forecast for 2025, once again, upward to 31%-33%, compared with the previous 25%-29%. This revision aligns with existing analyst consensus forecasts.
USDTRY
Turkey
Banks
CBRT
Inflation
DXY: Hopes of US government reopening – OCBC
DXY: Hopes of US government reopening – OCBC
US Dollar (USD) traded mixed this morning, with gains seen vs. low yielding major FX while losses were seen vs. risk-proxy FX, including AUD, KRW. DXY was last at 99.55 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
DollarIndex
Banks
Technical Analysis
Silver extends rally to three-week high near $50 on Fed rate cut hopes
Silver extends rally to three-week high near $50 on Fed rate cut hopes
Silver (XAG/USD) continues its advance at the start of the week, trading around $49.85 per ounce on Monday at the time of writing, up 3.0% for the day and marking its highest level in three weeks at $50.00 earlier in the day.
Silver
XAGUSD
CAD: Two outliers are almost a trend reversal – Commerzbank
CAD: Two outliers are almost a trend reversal – Commerzbank
Following the unexpectedly strong Canadian labour market report for September, Bank of Canada Governor Tiff Macklem still referred to it as an outlier.
USDCAD
Banks
Canada
BOC
Technical Analysis
EURUSD Technical Analysis: We are at a key resistance zone as traders await new catalysts
EURUSD Technical Analysis: We are at a key resistance zone as traders await new catalysts
The EURUSD pair erased most of the losses seen after the more hawkish than expected FOMC decision. What's next?
EUR
USD
GBP: Tuesday's jobs data should weigh – ING
GBP: Tuesday's jobs data should weigh – ING
EUR/GBP is back below 0.88 again as GBP/USD seems to find good demand under 1.31, ING's FX analyst Chris Turner notes.
Banks
Technical Analysis
GBPUSD
EURGBP
EUR/USD: There are still many clouds ahead of our EUR/USD forecast – Commerzbank
EUR/USD: There are still many clouds ahead of our EUR/USD forecast – Commerzbank
In recent weeks, the meetings have mainly focused on questions of timing. The main focus has been on the US government shutdown and when it might end.
Banks
EURUSD
Technical Analysis
China: CPI rebounds in October – UOB Group
China: CPI rebounds in October – UOB Group
China’s headline Consumer Price Index (CPI) rebounded to 0.2% y/y in October (Bloomberg est: -0.1%, September: -0.3%) after two consecutive months of negative prints. Core CPI (excluding food & energy) continued to rise to a 20-month high of 1.2% y/y from 1.0% y/y in September.
CPI
Banks
China
Inflation
US shutdown end could also put a stop to the dollar rally - Credit Agricole
US shutdown end could also put a stop to the dollar rally - Credit Agricole
The firm argues that dollar vulnerabilities could be exposed by weak data once the US shutdown comes to an end
EUR: Rally needs a helping hand – ING
EUR: Rally needs a helping hand – ING
EUR/USD is becalmed after finding support below 1.15 last week, ING's FX analyst Chris Turner notes.
EURUSD
Banks
Technical Analysis
Eurozone Sentix Investor Confidence Index drops to -7.4 in November vs. -5.4 previous
Eurozone Sentix Investor Confidence Index drops to -7.4 in November vs. -5.4 previous
The Eurozone Sentix Investor Confidence Index deteriorated to -7.4 in November from -9.2 in October.
EURUSD
Eurozone
EUR/GBP remains below 0.8800, downside seems limited due to ECB-BoE policy divergence
EUR/GBP remains below 0.8800, downside seems limited due to ECB-BoE policy divergence
EUR/GBP remains subdued for the fourth consecutive session, trading around 0.8790 during the European hours on Monday.
EURGBP
Macroeconomics
Crosses
Eurozone
UnitedKingdom
USDCHF Technical Analysis: The US dollar stays on the backfoot as we await more data
USDCHF Technical Analysis: The US dollar stays on the backfoot as we await more data
The USDCHF pair is pulling back amid some US dollar weakness as the hawkish repricing plateaued out. What's next?
CHF
USD
Dow Jones futures rise as US Senate advances to end shutdown
Dow Jones futures rise as US Senate advances to end shutdown
Dow Jones futures gain 0.18% to trade above 47,150 during European hours ahead of the opening of the United States (US) regular session on Monday. Moreover, the S&P 500 futures and Nasdaq 100 gained by 0.70% and 1.24%, with trading around 6,800 and 25,450, respectively.
DowJones
Equities
Nasdaq
SP500
Macroeconomics
Pound Sterling trades cautiously on intensifying BoE dovish speculation
Pound Sterling trades cautiously on intensifying BoE dovish speculation
The Pound Sterling (GBP) trades with caution against its major currency peers at the start of the week. The British currency faces slight selling pressure amid growing expectations that the Bank of England (BoE) will cut interest rates at its December policy meeting.
GBPUSD
Fed
BOE
InterestRate
SEO
USD/CHF wobbles around 0.8060 while US federal reopening measure advances
USD/CHF wobbles around 0.8060 while US federal reopening measure advances
The USD/CHF pair trades in a tight range around 0.8060 during the European trading session on Monday. The Swiss Franc pair ranges as the US Dollar (USD) steadies after the United States (US) Senate advanced the federal funding bill until January.
USDCHF
Fed
SNB
InterestRate
USDJPY Technical Analysis: Awaiting new catalysts ahead of the key 155.00 handle
USDJPY Technical Analysis: Awaiting new catalysts ahead of the key 155.00 handle
The USDJPY pair is consolidating beneath the 155.00 handle where we got the first verbal intervention from the Japanese Finance Minister. What's next?
JPY
USD
EUR/JPY Price Forecast: Eyes record highs after moving above 178.00
EUR/JPY Price Forecast: Eyes record highs after moving above 178.00
EUR/JPY gains ground for the second successive session, trading around 178.10, higher by more than 0.25%, during the early European hours on Monday. The short-term price momentum is stronger as the currency cross is positioned above the nine-day Exponential Moving Average (EMA).
EURJPY
Crosses
Technical Analysis
ECB de Guindos: Current level of interest rates is appropriate
ECB de Guindos: Current level of interest rates is appropriate
European Central Bank Vice President Luis de Guindos said during the European trading session on Monday that there is no need for an adjustment in the current level of interest rates, unless inflation developments change or projections are modified.
ECB
EURUSD
What are the main events for today?
What are the main events for today?
We don't have anything on the agenda today
market overview
EUR/USD Price Forecast: Bearish bias intact below 100-day EMA near 1.1550
EUR/USD Price Forecast: Bearish bias intact below 100-day EMA near 1.1550
The EUR/USD pair trades with mild losses near 1.1565 during the early European session on Wednesday. The US Dollar (USD) edges higher against the Euro (EUR) amid hopes that the US government shutdown may end soon.
EURUSD
Majors
Technical Analysis
Forex Today: Mood improves to start week as US government shutdown nears end
Forex Today: Mood improves to start week as US government shutdown nears end
Here is what you need to know on Monday, November 10:
Majors
Macroeconomics
Currencies
Commodities
EconomicIndicator
Economic Adviser to Japan's Takaichi: It would be quite risky for BoJ to raise rates in December
Economic Adviser to Japan's Takaichi: It would be quite risky for BoJ to raise rates in December
Takuji Aida, an economic adviser to Japan’s Prime Minister (PM) Sanae Takaichi, warned on Monday, “it would be quite risky for the Bank of Japan (BoJ) to raise interest rates in December." 
USDJPY
BOJ
Japan
CentralBanks
InterestRate
USD/INR trades firmly while US Senate approves bill to end shutdown
USD/INR trades firmly while US Senate approves bill to end shutdown
The Indian Rupee (INR) trades flat against the US Dollar (USD) on Monday, with the USD/INR pair consolidating around 88.80.
USDINR
India
UnitedStates
DollarIndex
SEO
US Dollar Index drifts higher above 99.50 amid hopes US shutdown may end soon
US Dollar Index drifts higher above 99.50 amid hopes US shutdown may end soon
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades on a positive note around 99.65 during the Asian trading hours on Monday. The DXY edges higher amid hopes that the US government shutdown may end soon. 
DollarIndex
Macroeconomics
UnitedStates
Fed
Risk appetite looks to pick up as US government shutdown sees potential end
Risk appetite looks to pick up as US government shutdown sees potential end
Equities nudge higher to kick start the new week
market overview