Bitcoin (BTC) market structure continues to deteriorate as the capitulation phase begins to take shape, with BTC sliding below $97,000 on Friday and extending losses to more than 7% so far this week.

The Euro-Pound rally from Monday’s lows at 0.8770 has been capped nearly 100 pips higher, at 0.8865 on Friday, with the Euro struggling amid the risk-off sentiment, although downside attempts remain contained above Thursday’s low, at 0.8815, as dismal UK data and renewed fiscal concerns keep GBP bul

India FX Reserves, USD declined to $687.03B in November 3 from previous $689.73B

There is scope for Euro (EUR) to test the 1.1655 level again; the next resistance at 1.1685 is unlikely to come under threat.

Bitcoin (BTC) price is trading sideways around $102,800 at the time of writing on Thursday, reflecting persistent market indecision after encountering resistance earlier this week. The range-bound price action is further supported by mixed flows in spot Bitcoin Exchange Traded Funds (ETFs).

Switzerland Producer and Import Prices (MoM) below forecasts (0.1%) in October: Actual (-0.3%)

Chiliz (CHZ) is trading around $0.032 at the time of writing on Thursday, after being rejected from the key resistance level earlier this week. On-chain data indicates that whale wallets are offloading their holdings while social dominance declines, suggesting fading investor interest.

The US Dollar (USD) remains under pressure as investors tilt into a risk-on stance ahead of an expected vote to re-fund the US government on a short-term basis. A vote on a short-term funding solution on the floor of the lower US House of Representatives is expected during the overnight session.

Euro (EUR) is likely to trade in a range between 1.1560 and 1.1610. In the longer run, EUR is expected to range-trade, but likely within a narrower range of 1.1520/1.1610, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Euro (EUR) is likely to trade in a range between 1.1535 and 1.1575. In the longer run, there is no change in view; 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.

The Pound Sterling extended its gains versus the Japanese Yen on Monday, surpassing the 203.00 milestone as it gains over 0.54% clearing key previous resistance level turned support at the 20-day SMA at 202.37.

The USD/JPY stages a recovery on Friday with buyers claiming 153.00, an indication that the uptrend might resume in the short term.

India FX Reserves, USD fell from previous $695.36B to $689.73B in October 27

Euro (EUR) has scope to extend to 1.1570 before a pause can be expected. 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.

Tentatively slowing downward momentum and oversold conditions suggest consolidation in EUR, likely between 1.1475 and 1.1525. In the longer run, EUR is expected to weaken further; the next level to watch is 1.1450, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

EUR/CAD extends its gains for the second successive session, trading around 1.6220 during the early European hours on Thursday. The currency cross has moved above the nine-day Exponential Moving Average (EMA), suggesting that short-term price momentum has turned stronger.

Bitcoin (BTC) price holds near $101,000 at the time of writing on Wednesday, finding support near a crucial level amid easing US-China trade tensions.

Further declines are not ruled out; clear positive divergence suggests EUR may not be able to reach 1.1450 today. In the longer run, EUR is expected to weaken further; the next level to watch is 1.1450, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Euro (EUR) may just have enough momentum to test 1.1490 before the risk of a recovery increases. In the longer run, the next level to watch is at 1.1490, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

The US Dollar (USD) extended its march north, retesting new three-month highs as investors continued to assess the post-FOMC scenario and the likelihood that the Federal Reserve might hold its hand in December.

Further Euro (EUR) weakness is not ruled out; any decline is unlikely to threaten the major support at 1.1490 today. In the longer run, the next level to watch is at 1.1490, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

FX option expiries for Nov 3 NY cut at 10:00 Eastern Time via DTCC can be found below.

India FX Reserves, USD down to $695.36B in October 20 from previous $702.28B

Strong momentum suggests Euro (EUR) could break below 1.1540; the next major support at 1.1490 is likely out of reach for now.

FX option expiries for Oct 31 NY cut at 10:00 Eastern Time via DTCC can be found below.

EUR/USD retreats on Thursday as the European Central Bank (ECB) decided to hold rates unchanged, but traders, still digesting the 'hawkish' cut by the Federal Reserve (Fed) on Wednesday, kept the shared currency below the 1.1600 figure. The pair trades at 1.1565, down 0.30%.

Euro (EUR) is likely to trade in a range between 1.1575 and 1.1635. In the longer run, EUR is under mild downward pressure; it may edge lower but is unlikely to threaten the support at 1.1540, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

The US Dollar (USD) sharply reversed its recent weakness as market participants assessed the widely anticipated rate reduction by the Federal Reserve, while hopes of a US-China trade deal continued to do the rounds in the background.

The current price movements are likely part of a range-trading phase between 1.1630 and 1.1670.

South Africa Private Sector Credit: 6.03% (September) vs 5.86%