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GBP rally seen as short squeeze, not repricing of UK risk – ING
GBP rally seen as short squeeze, not repricing of UK risk – ING
The Pound Sterling (GBP) remains firm, though analysts view the move as a short squeeze rather than a fundamental reassessment of UK risk. While GBP/USD may rise into year-end, BoE easing should keep EUR/GBP supported around 0.88, ING's FX analyst Chris Turner notes.
Banks
GBPUSD
Technical Analysis
USD/INR extends uptrend toward 90.80–91.00 – Société Générale
USD/INR extends uptrend toward 90.80–91.00 – Société Générale
USD/INR remains in a firm uptrend after July’s breakout, with scope to test the upper channel at 90.80–91.00, Société Générale's FX analysts note.
USDINR
Banks
Technical Analysis
UpTrend
Euro hedging costs collapse, supporting EUR/USD – ING
Euro hedging costs collapse, supporting EUR/USD – ING
Eurozone hedging costs on U.S. assets are falling sharply, reinforcing tailwinds for EUR/USD as the Fed easing cycle approaches. Near term, the pair should stay supported around 1.1630/40 with scope to test 1.1700–1.1730, ING's FX analyst Chris Turner notes.
EURUSD
Banks
Technical Analysis
USD/CAD tests key 200-DMA support zone – Société Générale
USD/CAD tests key 200-DMA support zone – Société Générale
USD/CAD is pressing into major support at the 200-day average and the base of its multi-month channel near 1.3920/1.3880, Société Générale's FX analysts note.
USDCAD
Banks
Technical Analysis
EUR/USD hovers near highs with Eurozone GDP, employment data on tap
EUR/USD hovers near highs with Eurozone GDP, employment data on tap
EUR/USD is posting marginal gains on Friday, trading near 1.1650 at the time of writing, after being rejected at 1.1675during the early European session. Downside attempts, however, remain limited so far, with markets bracing for a quarter-point interest rate cut by the Federal Reserve next week.
EURUSD
Majors
Currencies
Technical Analysis
SEO
European equities open marginally higher to start the final day of the week
European equities open marginally higher to start the final day of the week
Major indices in Europe look to hold gains to round off the first week of December
Eurostoxx futures +0.1% in early European trading
Eurostoxx futures +0.1% in early European trading
A steadier mood as we look to get into the final day of the week
FX option expiries for 5 December 10am New York cut
FX option expiries for 5 December 10am New York cut
A look at what is on the board for today
Options
Forex
Recap - RBI cuts repo rate to 5.25% and leaves door open to further easing
Recap - RBI cuts repo rate to 5.25% and leaves door open to further easing
The rate cut reinforces a dovish RBI stance, likely pressuring short-end yields and keeping INR biased weaker unless supported by flows. The possibility of another 25bp reduction anchors expectations for a near-term easing peak around 5%, with liquidity measures providing additional support for credit conditions.
Indian Stock Market
Reserve Bank of India rate cut by 25bp
Reserve Bank of India rate cut by 25bp
The cut was expected, but not unanimously due to recent better data.
Indian Stock Market
BOJ likely to hike in December, Bloomberg says; yen jumps on report
BOJ likely to hike in December, Bloomberg says; yen jumps on report
The report boosts market conviction that the BOJ will resume tightening at the December meeting. Yen strength and softer JGB futures reflect expectations that the BOJ may pivot more decisively toward normalisation, though policymakers will watch data closely before confirming the move.
BOJ
JPY
PBOC reins in yuan strength, signalling comfort with current level before key policy event
PBOC reins in yuan strength, signalling comfort with current level before key policy event
The PBOC’s shift toward a neutral fixing bias implies limited yuan upside in the near term, with authorities seeking to balance investor confidence against export competitiveness. A stable yuan into year-end reduces FX volatility risk but may cap appreciation trades unless macro conditions shift meaningfully.
CNY
CNH
pboc
GBP/USD Price Forecast: Constructive view prevails above 1.3300 ahead of US PCE inflation data
GBP/USD Price Forecast: Constructive view prevails above 1.3300 ahead of US PCE inflation data
The GBP/USD pair trades on a flat note near 1.3330 during the Asian trading hours on Friday. Traders prefer to wait on the sidelines ahead of the key US inflation report later on Friday.
Majors
Technical Analysis
GBPUSD
Recap: Japan household spending drops sharply, adding pressure ahead of BOJ rate decision
Recap: Japan household spending drops sharply, adding pressure ahead of BOJ rate decision
The sharp miss underscores fragile consumer demand and may temper expectations for sustained BOJ tightening. While a December hike remains the base case, markets may pare back longer-term rate forecasts, supporting JGBs and weighing slightly on yen optimism.
BOJ
JPY
PBOC sets USD/ CNY reference rate for today at 7.0749 (vs. estimate at 7.0751)
PBOC sets USD/ CNY reference rate for today at 7.0749 (vs. estimate at 7.0751)
PBOC CNY reference rate setting for the trading session ahead.
CNY
CNH
pboc
INR traders heads up: Reserve Bank India rate cut expected today at 0430 GMT/2330 Eastern
INR traders heads up: Reserve Bank India rate cut expected today at 0430 GMT/2330 Eastern
The RBI’s tolerance for a weaker rupee signals reduced intervention risk and greater FX flexibility, but rising outflows and oil-driven import costs keep depreciation pressures alive. Equity inflows may stay cautious until external balances stabilise or clarity emerges on India-US trade and index-inclusion prospects. Softer US yields could provide limited relief.
Indian Stock Market
USD
Japan finmin Katayama: Will closely monitor market developments (plus wider comments)
Japan finmin Katayama: Will closely monitor market developments (plus wider comments)
The comments reinforce a steady policy backdrop ahead of a potential BOJ rate shift. Affirming BOJ autonomy reduces fears of political pressure, while the focus on fiscal sustainability helps anchor JGB markets, though vigilance toward yields and yen volatility remains key.
BOJ
JPY
PBOC is expected to set the USD/CNY reference rate at 7.0751 – Reuters estimate
PBOC is expected to set the USD/CNY reference rate at 7.0751 – Reuters estimate
The People's Bank of China is slowing the appreciation of CNY
CNY
CNH
pboc
Poll: RBA expected hold at 3.60% this month as outlook shifts to long pause through 2026
Poll: RBA expected hold at 3.60% this month as outlook shifts to long pause through 2026
A unanimous hold signal reinforces stability in short-end pricing, but the shift toward a long pause — and rising chatter about possible hikes — may lend support to AUD and keep front-end yields firm. Markets will watch the December statement closely for any tightening bias as inflation pressures remain elevated.
RBA
AUD
Japan metalworkers union seeks bigger wage hikes, reinforcing BOJ rate-hike expectations
Japan metalworkers union seeks bigger wage hikes, reinforcing BOJ rate-hike expectations
Renewed wage pressure strengthens the narrative that Japan’s labour market is providing the “initial momentum” Governor Ueda says is necessary for sustainable inflation. Robust union demands into shuntō raise the probability of a December BOJ rate hike, supporting yen upside at the margin while keeping upward pressure on JGB yields. Markets will track how widely these wage requests are adopted across sectors.
BOJ
JPY
BOJ secures support for December hike but long-term rate path remains unclear
BOJ secures support for December hike but long-term rate path remains unclear
Government backing removes a key hurdle for the BOJ’s December hike and reduces near-term policy risk. But without clarity on the eventual neutral rate, long-end JGBs remain vulnerable and yen volatility stays elevated. Forward guidance at the December meeting will be crucial for FX and rates positioning.
BOJ
JPY
Euro dips as US jobs data boosts the Dollar despite Fed-cut buzz
Euro dips as US jobs data boosts the Dollar despite Fed-cut buzz
Euro retreats somewhat on Thursday as traders digest the last round of US jobs data as they also brace for the release of the Federal Reserve’s preferred inflation gauge, the Core Personal Consumption Expenditures (PCE) Price Index. At the time of writing, the EUR/USD trades at 1.1649, down 0.19%.
Fundamental Analysis
Technical Analysis
EURUSD
Majors
SEO
Gold firm as Fed rate cut bets remain strong despite mixed US labor data
Gold firm as Fed rate cut bets remain strong despite mixed US labor data
Gold (XAU/USD) registers modest gains on Thursday, even though the latest US jobs data indicates that the labor market remains resilient, though signs of cooling are emerging.
Gold
XAUUSD
Fundamental Analysis
Technical Analysis
SEO
EURUSD Technicals:EURUSD has waffled up &down today and trades back to the low. What next?
EURUSD Technicals:EURUSD has waffled up &down today and trades back to the low. What next?
The EURUSD has the low of a swing area at 1.1645. The 100 day MA is also in play at that level. Key level today and going forward for the buyers and sellers.
EUR
USD
AUDUSD Technicals:The move to the upside has now stretched to a key swing area. What next?
AUDUSD Technicals:The move to the upside has now stretched to a key swing area. What next?
The AUDUSD has move up to test a key swing area between 0.66347 and 0.6635. Do the sellers stick a toe in the water against this key ceiling area? I talk about it in the video
AUD
USD
GBP/USD shrugs off strong US labor data as traders stay committed to Fed easing
GBP/USD shrugs off strong US labor data as traders stay committed to Fed easing
The Pound Sterling (GBP) rises against the US Dollar (USD) during the North American session on Thursday, even though US jobs data suggests that the labor market remains solid, and the expectations that the Federal Reserve (Fed) will cut rates remain high.
GBPUSD
Fundamental Analysis
Technical Analysis
Majors
EUR gains as Germany pension reform set to pass – Rabobank
EUR gains as Germany pension reform set to pass – Rabobank
Germany’s pension reform looks set to pass after Die Linke signals abstention, giving Euro (EUR) a temporary boost against the Pound Sterling (GBP).
EURUSD
Banks
Technical Analysis
Fundamental Analysis
EURGBP
USDINR Technicals: The USDINR comes off the burner and corrects lower into support
USDINR Technicals: The USDINR comes off the burner and corrects lower into support
What key technical levels are now in play for the USDINR. The video outlines a key level for both buyers and sellers that you must watch.
INR
USD
Silver Price Forecast: RSI divergence emerges as XAG/USD eases after hitting record highs
Silver Price Forecast: RSI divergence emerges as XAG/USD eases after hitting record highs
Silver (XAG/USD) trades on the back foot on Thursday as bulls take a breather and book partial profits after the metal climbed to record highs near $58.98 on Wednesday. At the time of writing, XAG/USD is trading around $56.87, down roughly 2.77% on the day.
XAGUSD
Silver
Technical Analysis
SupportResistance
ChartPatterns
GBP pushes toward late-October highs – Scotiabank
GBP pushes toward late-October highs – Scotiabank
The Pound Sterling (GBP) stays firm near the top of its overnight range, with options markets sharply repricing protection against GBP weakness after the UK budget.
GBPUSD
Banks
BOE
Technical Analysis
UnitedKingdom
EUR holds gains as Fed/ECB spread widens – Scotiabank
EUR holds gains as Fed/ECB spread widens – Scotiabank
The Euro (EUR) is consolidating this week’s advance, supported by widening rate differentials and a neutral ECB outlook, with little reaction to soft euro-area data.
EURUSD
Banks
Technical Analysis
ECB
USDCAD Technicals: USDCAD moved up on claims surprise but key target resistance stops rise
USDCAD Technicals: USDCAD moved up on claims surprise but key target resistance stops rise
The 100 hour MA and the high of a key swing area at 1.3975 stalled the rally in the USDCAD after jobless claims surprise.
CAD
USD
The USD is lower vs the JPY by 0.40%. Versus the EUR and GBP, the USDs decline is modest
The USD is lower vs the JPY by 0.40%. Versus the EUR and GBP, the USDs decline is modest
What technical levels are in play for the EURUSD, USDJPY and GBPUSD to kickstart the new trading day?
Gold consolidates near $4,200 amid Fed rate cut expectations
Gold consolidates near $4,200 amid Fed rate cut expectations
Gold (XAU/USD) holds steady on Thursday, moving quietly within the $4,160-$4,260 range as investors adopt a wait-and-see approach ahead of the Federal Reserve’s (Fed) monetary policy meeting next week.
Gold
XAUUSD
SEO
Technical Analysis
Fed
US futures keep more muted so far on the day
US futures keep more muted so far on the day
No real conviction as we gear towards the Wall Street open later
Gold Price Forecast: XAU/USD is looking for direction at $4,200
Gold Price Forecast: XAU/USD is looking for direction at $4,200
Gold (XAU/USD) is posting minor losses for the third consecutive day on Thursday, weighed by lower demand for safe havens amid a moderate risk appetite. The precious metal, however, remains supported above the mid-range of the $4,100s with the $4,264 high at a short distance.
XAUUSD
Gold
Commodities
Technical Analysis
Broker Rebates