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PBOC sets USD/ CNY central rate at 7.0856 (vs. estimate at 7.1029)
PBOC sets USD/ CNY central rate at 7.0856 (vs. estimate at 7.1029)
PBOC CNY reference rate setting for the trading session ahead.
CNY
CNH
pboc
NZD/USD Price Forecast: Slips as the Kiwi remains muted on risk-on mood
NZD/USD Price Forecast: Slips as the Kiwi remains muted on risk-on mood
The NZD/USD opens the week with losses of over 0.14% on Monday, trading at around 0.5771 after opening the session at around 0.5778 as risk appetite improved. Despite this, the Kiwi failed to rally on expectations that the Reserve Bank of New Zealand might cut rates at the November 26 meeting.
NZDUSD
Technical Analysis
Currencies
Majors
Sterling vulnerable if BOE cuts rates in December, MUFG says
Sterling vulnerable if BOE cuts rates in December, MUFG says
MUFG Bank says the pound may fall if the Bank of England cuts rates in December, as markets are not fully priced for such a move. The bank said a cut looks more likely if inflation data continue to show signs of cooling.
GBP
BOE
EUR/USD rises as US-China trade war eases ahead of Fed decision
EUR/USD rises as US-China trade war eases ahead of Fed decision
EUR/USD edges up late in the North American session on Monday as the Greenback retreats from last week's highs, while the US-China trade war de-escalates ahead of the Donald Trump-Xi Jinping summit in South Korea. The pair trades at 1.1643, up by 0.15%.
Fundamental Analysis
Technical Analysis
EURUSD
Majors
SEO
China (PBOC) reaffirms crypto ban, accelerates digital yuan rollout
China (PBOC) reaffirms crypto ban, accelerates digital yuan rollout
China’s central bank reaffirmed its strict prohibition on cryptocurrency trading and warned of risks from offshore stablecoins. PBOC Governor Pan Gongsheng said global regulators are increasingly worried about their impact on financial stability and sovereignty. At the same time, the bank is expanding the digital yuan with new operational centres in Beijing and Shanghai.
Crypto
pboc
ICYMI - Bessent has named five finalists for Fed chair
ICYMI - Bessent has named five finalists for Fed chair
Waller, Bowman, Hassett, Warsh, and Rieder. Just waiting for the evening gown round I guess.
Gold falls below $4,000 as US–China trade thaw eases safe-haven demand
Gold falls below $4,000 as US–China trade thaw eases safe-haven demand
Gold price slides below $4,000 for the first time since mid-October, hitting a daily low of $3,971 as risk appetite improved due to easing tensions between the US and China in regard to the trade war.
Gold
XAUUSD
Fundamental Analysis
Technical Analysis
SEO
EUR/USD holds firm as Fed and ECB decisions loom
EUR/USD holds firm as Fed and ECB decisions loom
The Euro (EUR) is treading water against the US Dollar (USD) on Monday, as investors stay cautious ahead of this week’s twin central bank decisions from the Federal Reserve (Fed) and the European Central Bank (ECB).
EURUSD
ECB
Fed
InterestRate
Technical Analysis
GBP/USD floats around 1.3320 as softer US CPI reinforces Fed cut bets
GBP/USD floats around 1.3320 as softer US CPI reinforces Fed cut bets
GBP/USD pares some of last Friday’s losses and edges up moderately on Monday as the latest US inflation report might not deter the Federal Reserve (Fed) from cutting rates this week. At the time of writing, the pair trades at 1.3319, up 0.07%.
GBPUSD
Majors
Technical Analysis
Fundamental Analysis
Currencies
AUDUSD Technicals: AUDUSD gets a boost from US/China trade framework
AUDUSD Technicals: AUDUSD gets a boost from US/China trade framework
The AUDUSD pair is above the 100 day MA at 0.6534 and above the 38.2% f the move down from the September high at 0.65418. Those levels are now support.
AUD
USD
USDCHF Technicals: USDCHF buyers and sellers are unsure of the next move.
USDCHF Technicals: USDCHF buyers and sellers are unsure of the next move.
Buyers have a modest edge in early US trading above the 100 and 200 hour MAs
EUR/CHF steadies after bullish gap with focus on ECB interest rate decision
EUR/CHF steadies after bullish gap with focus on ECB interest rate decision
The EUR/CHF cross opened the week with a mild bullish gap on Monday but failed to extend gains, settling into a sideways pattern. At the time of writing, EUR/CHF trades near 0.9264, its highest level since October 17th, after briefly sliding to an 11-month low around 0.9205 last week.
EURCHF
Crosses
ECB
InterestRate
Technical Analysis
Bullish
USDCAD Technicals: USDCAD moves lower but into support and buyers stall the fall
USDCAD Technicals: USDCAD moves lower but into support and buyers stall the fall
The swing area between 1.3968 to 1.3975 is swing area support for the USDCAD
CAD
USD
Silver Price Forecast: XAG/USD hits fresh lows near $47.30 on risk appetite
Silver Price Forecast: XAG/USD hits fresh lows near $47.30 on risk appetite
Silver (XAG/USD) extends losses on Monday amid a positive market sentiment, following upbeat reports regarding a potential China-US trade deal. The white metal’s reversal from mid-October highs above $54.00 is approaching the $47.00 level.
XAGUSD
Silver
Metals
Technical Analysis
The USD is lower to start the new trading week on hopes for a China/US trade framework
The USD is lower to start the new trading week on hopes for a China/US trade framework
US stocks are higher. Yields are higher too. In the video, I take a look at the technicals driving the EURUSD, USDJPY and GBPUSD to kickstart the new trading week.
Gold drops below $4,000, hitting two-week low as risk appetite strengthens
Gold drops below $4,000, hitting two-week low as risk appetite strengthens
Gold (XAU/USD) kicks off the week with a negative tone, as improved risk appetite curbed demand for safe-haven assets.
XAUUSD
Fed
Gold
SEO
Technical Analysis
JPY lags as BoJ rate hike expectations fade – Rabobank
JPY lags as BoJ rate hike expectations fade – Rabobank
The week ahead is an important one for Japan and potentially for the JPY.
BOJ
Banks
USDJPY
Japan
Technical Analysis
Trump halts US-Canada trade talks over Ontario ad – Commerzbank
Trump halts US-Canada trade talks over Ontario ad – Commerzbank
US-Canada trade tensions flare as Trump suspends talks and raises tariffs, leaving the Canadian dollar under pressure, Commerzbank's FX analyst Michael Pfister notes.
Banks
Canada
USDCAD
Technical Analysis
Gold Price Forecast: XAU/USD remains vulnerable, with $4,000 on sight
Gold Price Forecast: XAU/USD remains vulnerable, with $4,000 on sight
Gold remains on its back foot on Monday amid moderate risk appetite, amid market hopes of a trade deal between the US and China.
Gold
XAUUSD
Metals
Commodities
Technical Analysis
USD/JPY is trading in a higher range of 152.40/153.30 – UOB Group
USD/JPY is trading in a higher range of 152.40/153.30 – UOB Group
Firmed underlying tone is likely to lead to US Dollar (USD) trading in a higher range of 152.40/153.30. In the longer run, upward momentum is starting to build, but for a continued advance, USD must first close above 153.00, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USDJPY
Technical Analysis
Banks
EUR/USD weekly swings narrow to multi-month lows – Commerzbank
EUR/USD weekly swings narrow to multi-month lows – Commerzbank
Currency volatility remains subdued, but looming central bank actions and President Trump’s Asia trip could soon reignite market swings, Commerzbank's FX analyst Michael Pfister notes.
Banks
EURUSD
Technical Analysis
AUD leads G10 on trade optimism and hawkish RBA tone – BBH
AUD leads G10 on trade optimism and hawkish RBA tone – BBH
The Australian Dollar (USD) tops the G10 leaderboard as improved US-China trade prospects and RBA Governor Bullock’s hawkish remarks temper expectations of near-term easing, BBH FX analysts report.
AUDUSD
RBA
Banks
China
Technical Analysis
NZD/USD: Likely to trade between 0.5740 and 0.5800 – UOB Group
NZD/USD: Likely to trade between 0.5740 and 0.5800 – UOB Group
New Zealand Dollar (NZD) could trade within a relatively broad range between 0.5740 and 0.5800.
NZDUSD
Banks
Technical Analysis
GBP/USD: Likely to trade in a range between 1.3295 and 1.3360 – UOB Group
GBP/USD: Likely to trade in a range between 1.3295 and 1.3360 – UOB Group
Pound Sterling (GBP) could trade in a range between 1.3295 and 1.3360. In the longer run, for a continued decline, GBP must first close below 1.3295, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
GBPUSD
Technical Analysis
Banks
EUR/USD: Likely to trade within a range of 1.1605/1.1650 – UOB Group
EUR/USD: Likely to trade within a range of 1.1605/1.1650 – UOB Group
Euro (EUR) is likely to trade within a range of 1.1605/1.1650. In the longer run, for the time being, EUR is likely to trade between 1.1585 and 1.1680, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
EURUSD
Technical Analysis
Banks
USD: Demand for EM could weigh on the USD – ING
USD: Demand for EM could weigh on the USD – ING
Risk assets start the week in a positive mood. Weekend reports suggest the US and China have found common ground on topics like the sale of TikTok, soybean purchases and tariffs.
Banks
DollarIndex
Technical Analysis
JPY: A potential Trump-Takaichi meeting? – ING
JPY: A potential Trump-Takaichi meeting? – ING
It has been suggested that President Trump could be meeting Japan's new PM, Sanae Takaichi, during his Asia trip, ING's FX analyst Chris Turner notes.
USDJPY
Japan
Banks
Technical Analysis
BOJ
EUR/USD picks up amid positive data from Germany, risk-on markets
EUR/USD picks up amid positive data from Germany, risk-on markets
EUR/USD trims some losses and returns above 1.1640 from session lows at 1.1620, supported by a larger.than-expected recovery on German business sentiment on Monday.
EURUSD
Currencies
Technical Analysis
Majors
SEO
USD/CAD Price Forecast: Testing range bottom, at the 1.3975 area
USD/CAD Price Forecast: Testing range bottom, at the 1.3975 area
  The US Dollar is on its back foot agains its Canadian counterpart on Monday. The risk-on market amid hopes of a Sino-US trade deal and the recent rally in Oil prices are weighing on the pair, which is testing the bottom of the last three weeks' trading range, at the 1.3975 area at the moment.
USDCAD
DollarIndex
Fed
Currencies
Technical Analysis
European indices kick start the new week with a more positive spin
European indices kick start the new week with a more positive spin
Investors are ramping up their risk appetite in hopes of a more optimistic outcome from Trump and Xi's meeting later this week
Stocks
EUR/JPY Price Forecast: Hovers around 178.00 after pulling back from record highs
EUR/JPY Price Forecast: Hovers around 178.00 after pulling back from record highs
EUR/JPY halts its four-day winning streak, trading around 177.80 during the European hours on Monday. The technical analysis of the daily chart indicates the prevailing bullish bias as the currency cross remains within the ascending channel pattern.
EURJPY
Crosses
Technical Analysis
EUR/USD Price Forecast: Keeps bullish vibe above 1.1600 despite France’s deepening political crisis
EUR/USD Price Forecast: Keeps bullish vibe above 1.1600 despite France’s deepening political crisis
The EUR/USD pair loses ground to near 1.1620 during the early European session on Monday. The Euro (EUR) softens against the US Dollar (USD) amid fears of political turmoil in France.
EURUSD
Majors
Technical Analysis
Bullish
Equities stay buoyed to start the new week on US-China optimism
Equities stay buoyed to start the new week on US-China optimism
US futures with gap higher to start the week as the risk mood is more positive
Stocks
China drops cautious tone as PBOC steps up yuan internationalisation
China drops cautious tone as PBOC steps up yuan internationalisation
Beijing’s latest policy statement marks a turning point in China’s yuan strategy, shifting from gradualism to assertiveness. The PBOC plans to deepen financial openness and boost offshore yuan usage, taking advantage of a global environment of dollar skepticism.
CNY
CNH
pboc
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