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FX Today: Australian inflation and more US data come to the fore

The US Dollar (USD) extended its intense pullback as investors assessed the softer US data releases and increasing bets for further interest rate cuts by the Federal Reserve.

Source  Fxstreet1764096149
EUR/USD: Likely to consolidate between 1.1495 and 1.1545 – UOB Group

Euro (EUR) is likely to consolidate between 1.1495 and 1.1545. In the longer run, the likelihood of EUR breaking below 1.1470 has increased; EUR must close below 1.1470 before further declines are likely, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Source  Fxstreet1764066691
Silver Price Forecast: Silver rebounds as US yields fall, bulls eye yearly highs

Silver (XAG/USD) rallies sharply during the North American session, edged up more than 2.50% after bouncing off daily lows of $49.73 and trades at $51.37 at the time of writing.

Source  Fxstreet1764021697
EUR/USD: Major support at 1.1470 is unlikely under threat – UOB Group

Euro (EUR) could test the 1.1490 level again; the major support at 1.1470 is unlikely to come under threat.

Source  Fxstreet1763983040

India FX Reserves, USD climbed from previous $687.03B to $692.58B in November 10

Source  Fxstreet1763724673
Bitcoin Weekly Forecast: BTC drops to seven-month lows as selling pressure intensifies

Bitcoin (BTC) price continues its downward slide, trading near $82,000 at the time of writing on Friday and plunging to seven-month lows as bearish sentiment tightens its grip on the crypto market.

Source  Fxstreet1763722887
EUR/JPY approaches 180.00 on weak data, Yen intervention threats 

The Euro snapped a four-day rally against the Japanese Yen on Friday and is dropping about 0.7% on the day so far, reaching session lows at 180.30.

Source  Fxstreet1763722280
EUR/USD: Appears to be trading in a consolidation range 1.1505/1.1550 – UOB Group

Euro (EUR) appears to have entered a consolidation phase between 1.1505 and 1.1550. In the longer run, the bias for EUR has shifted to the downside; it is too early to tell if it can reach 1.1470, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Source  Fxstreet1763721745
GBP/JPY Price Forecast: Holds near 206.00 after refreshing yearly high

The GBP/JPY extended its rally for the fourth straight day, yet it trades below the 206.00 figure after refreshing yearly highs at 206.86 on Thursday. At the time of writing, the cross-pair trades at 205.85 up 0.49%.

Source  Fxstreet1763679644
EUR/USD: Major support at 1.1470 is unlikely to come under threat – UOB Group

Euro (EUR) could test 1.1500 before rebounding; the major support at 1.1470 is unlikely to come under threat. In the longer run, the bias for EUR has shifted to the downside; it is too early to tell if it can reach 1.1470, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Source  Fxstreet1763628214
SPX6900 Price Forecast: SPX builds recovery strength as on-chain signals turn positive

SPX6900 (SPX) price is holding near $0.58 at the time of writing on Thursday after rebounding from a key support zone earlier this week.

Source  Fxstreet1763609713
FX Today: Focus shifts to the US labour market; the PBoC should stay on hold

The US Dollar (USD) added to the ongoing recovery, hitting new multi-day highs and surpassing its critical 200-day SMA despite declining US Treasury yields and amid rising caution prior to the release of Thursday’s Nonfarm Payrolls (NFP).

Source  Fxstreet1763579690
EUR/USD: Chance for Euro to test 1.1560 – UOB Group

There is a chance for Euro (EUR) to test 1.1560; the major support at 1.1540 is unlikely to come into view. EUR is expected to trade in a range between 1.1540 and 1.1640, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Source  Fxstreet1763542638
AUD/NZD trims losses and returns above 1.1500 as the Kiwi sells-off

The Aussie Dollar is trimming some of the previous day’s losses against the NZD on Wednesday.

Source  Fxstreet1763542548
FX Today: The FOMC Minutes and UK inflation data gather all the attention

The US Dollar (USD) traded in a slightly constructive tone, extending its recent advance on Tuesday, all against the backdrop of a persistent risk-off sentiment and steady caution ahead of key data releases on the US docket.

Source  Fxstreet1763490931
EUR/USD: Any decline is likely limited to a test of 1.1570 – UOB Group

The slight increase in downward momentum suggests Euro (EUR) could edge lower; any decline is likely limited to a test of 1.1570. In the longer run, EUR is expected to trade in a range between 1.1540 and 1.1640, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Source  Fxstreet1763456705
FX Today: Focus should be on RBA Minutes, ADP Weekly and Fedspeak

The US Dollar (USD) managed to regain fresh upside impulse on Monday, rebounding from recent multi-day lows as market participants continued to gauge upcoming US data releases and the likelihood of further rate cuts by the Federal Reserve.

Source  Fxstreet1763405658
EUR/USD: Likely to trade between 1.1595 and 1.1645 – UOB Group

The current price movements are likely part of a range-trading phase between 1.1595 and 1.1645.

Source  Fxstreet1763374507
Uniswap Price Forecast: UNI eyes upside as bulls defend key support 

Uniswap (UNI) is showing early signs of recovery, with price action holding firmly above the $7.06 support level. Strengthening on-chain and derivatives data—including heightened whale activity and a rise in bullish positioning—suggest a favorable environment for upside continuation.

Source  Fxstreet1763366986
Bitcoin Weekly Forecast: The capitulation phase unfolds

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.

Source  Fxstreet1763120852
EUR/GBP remains above 0.8815 amid generalised Pound weakness

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

Source  Fxstreet1763120557

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

Source  Fxstreet1763119862
EUR/USD: Next resistance at 1.1685 is unlikely to come under threat – UOB Group

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.

Source  Fxstreet1763113641
Bitcoin Price Forecast: BTC consolidates near $102,800 as market indecision persists

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).

Source  Fxstreet1763033170

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

Source  Fxstreet1763019032
Chiliz Price Forecast: CHZ risks drop as whales offload holdings amid fading market interest

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.

Source  Fxstreet1763007211
FX Today: Markets maintain their course as investors await US government reopening

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.

Source  Fxstreet1762979055
EUR/USD: Likely to trade in a range between 1.1560 and 1.1610 – UOB Group

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.

Source  Fxstreet1762940760
EUR/USD: Likely to trade in a range between 1.1535 and 1.1575 – UOB Group

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.

Source  Fxstreet1762854427
GBP/JPY Price Forecast: Breaks above 203.00 as bulls eye 204.25

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.

Source  Fxstreet1762815044
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