Market news

AUD/USD at risk of further selling pressure if Fed delivers hawkish surprise

GBP/JPY Price Analysis: Rises to test critical area at 156.00

USD/CAD prints a fresh three-week high around 1.2450 ahead of the FOMC meeting

WTI weaker, approaches 81.00 post-EIA report

EUR/GBP drops back from 0.8500, eyes test of 21DMA

United States EIA Crude Oil Stocks Change declined to 3.291M in October 29 from previous 4.267M

EUR/USD remains depressed near 1.1570, FOMC looms closer

US: ISM Services PMI jumps to record high of 66.7 in October vs. 62 expected

United States Factory Orders (MoM) registered at 0.2% above expectations (-0.1%) in September

United States ISM Services PMI came in at 66.7, above expectations (62) in October

United States ISM Services Employment Index below forecasts (53.3) in October: Actual (51.6)

United States ISM Services New Orders Index registered at 69.7 above expectations (63.2) in October

United States ISM Services Prices Paid above forecasts (76.9) in October: Actual (82.9)

S&P 500 Index opens in the red, energy stocks suffer heavy losses

USD/JPY inches back closer to 114.00 mark as Fed decision looms

United States Markit Services PMI came in at 58.7, above expectations (58.2) in October

United States Markit PMI Composite registered at 57.6 above expectations (57.3) in October

Irish PM Martin: Would be unwise, reckless for UK to trigger Article 16

Gold Price Analysis: XAU/USD drops below $1770 on solid US jobs data, markets focused on Fed

ECB's Villeroy: No need for ECB to raise rates next year

AUD/USD pares modest intraday gains, remains below mid-0.7400s ahead of Fed

NZD/USD hold above key 0.7130 level post-strong NZ jobs data as focus turns to Fed

GBP/USD sticks to positive bias post-US ADP report, above mid-1.3600s

EUR/USD Price Analysis: Further losses likely below 1.1535

US: Private sector employment rises by 571K in October vs. 400K expected

United States ADP Employment Change above expectations (400K) in October: Actual (571K)

US Dollar Index Price Analysis: Gains capped by the 94.30 region so far

EUR/JPY Price Analysis: Extra losses stay on the table

USD/CAD struggles for direction, flat-lined above 1.2400 ahead of US data/FOMC

India M3 Money Supply came in at 9.7%, above expectations (9.6%) in October 18

United States MBA Mortgage Applications fell from previous 0.3% to -3.3% in October 29

United States MBA Mortgage Applications rose from previous 0.3% to 9.7% in October 29

ECB's de Cos: Factors behind inflation could be more persistent than initially estimated

United States MBA Mortgage Applications fell from previous 0.3% to -3.3% in October 29

USD/TRY extends the upside to 9.7500, deflates afterwards

When is the US ADP jobs report and how could it affect EUR/USD?

EUR/USD alternates gains with losses near 1.1580 ahead of FOMC

ECB's Lagarde: Conditions to raise rates very unlikely to be satisfied next year

European Monetary Union Unemployment Rate meets forecasts (7.4%) in September

GBP/USD holds above 1.3600 mark post-UK PMI, awaits FOMC decision

UK Final Services PMI revised sharply higher to 59.1 in October, GBP/USD tests highs

United Kingdom Markit Services PMI above expectations (58) in October: Actual (59.1)

Italy Unemployment meets expectations (9.2%) in September

US Dollar Index looks offered around 94.00, looks to FOMC

AUD/USD refreshes daily tops near mid-0.7400s, focus remains on FOMC

Fed Preview: Forecasts from 13 major banks, taper time

US Dollar Index to head higher towards 96.20 on a break above 94.50/75 – SocGen

GBP/JPY clings to modest gains above 155.00, upside potential seems limited

USD/INR to climb above 76.00 in 2022 as RBI will allow more rupee weakness – Credit Suisse

Spain Unemployment Change climbed from previous -76.1K to -0.734K in October

USD/JPY to enjoy considerable gains towards 123.00 in the long-term – Credit Suisse

Brazil Fipe's IPC Inflation came in at 1% below forecasts (1.3%) in October

Austria Unemployment climbed from previous 269.3K to 269.5K in October

Austria Unemployment Rate remains at 6.5% in October

EUR/GBP: Downside pressure to fade on a break above the 55-DMA at 0.8529 – Commerzbank

USD/MXN: Target range raised to 20.40-21.15 – Credit Suisse

France Budget increased to €-175.12B in September from previous €-178.045B

GBP/USD: Conflicting signals warrant caution before positioning for a recovery – Commerzbank

Euro Stoxx 50 to soar towards the 4500 level – Credit Suisse

NZD/USD sticks to NZ jobs data-led gains, lacks follow-through ahead of FOMC

EUR/NOK to trade in a 9.65-10.00 range through the rest of Q4 – Credit Suisse

AUD/USD to suffer further weakness after rejection at the 0.7550 200-DMA – Commerzbank

Natural Gas Futures: Room for further correction

Turkey Producer Price Index (YoY): 46.31% (October) vs 43.96%

Gold Price Forecast: XAU/USD to rebound towards $1800 on a dovish Fed surprise

Turkey Consumer Price Index (MoM) below expectations (2.76%) in October: Actual (2.39%)

United Kingdom Nationwide Housing Prices n.s.a (YoY) above forecasts (9.3%) in October: Actual (9.9%)

Turkey Consumer Price Index (YoY) below forecasts (20.4%) in October: Actual (19.89%)

United Kingdom Nationwide Housing Prices s.a (MoM) came in at 0.7%, above expectations (0.4%) in October

Turkey Producer Price Index (MoM): 5.24% (October) vs 1.55%

USD/JPY remains on the defensive below 114.00 mark, FOMC awaited

Russia Purchasing Manager Index Services down to 48.8 in October from previous 50.5

Forex Today: Dollar firms, all eyes on Fed's policy announcements

Crude Oil Futures: Scope for extra losses

Gold Price Forecast: XAU/USD breaks $1,785 support confluence ahead of Fed

FX option expiries for November 3 NY cut

Gold Futures: Extra downside seen limited

USD/CAD holds gains above 1.2400 amid WTI sell-off, Fed eyed

USD/INR Price News: Indian rupee ignores options market signal to refresh monthly top ahead of Fed

USD/TRY Price Analysis: Grinds higher below $9.6400 key hurdle

EUR/USD struggles to regain 1.1600, ECB’s Lagarde, Fed in focus

AUD/USD Price Analysis: Bears take a breather on the way to 0.7380

GBP/USD snaps three-day fall above 1.3600 on Brexit, BOE chatters, Fed eyed

Gold Price Forecast: XAU/USD volatile within $1800-$1770 range ahead of Fed – Confluence Detector

Commodities. Daily history for Tuesday, November 2, 2021

GBP/JPY Price Analysis: Daily technical setup turns in favor of the bulls

EUR/GBP Price Analysis: Eases from 50-day EMA to snap two-day uptrend

USD/INR Price News: Indian rupee buyers await a breakout of bull flag

China's Caixin Services PMI climbs to 53.8 in October, a positive surprise

S&P 500 Futures: Indecisive near record top as investors await Fed

China Caixin Services PMI registered at 53.8 above expectations (50.7) in October

China: Markit/Caixin Services PMI, October 53.8

WTI Price Analysis: Sellers attack monthly support line around $82.00

USD/CNY fix: 6.4079 vs. the estimate of 6.4041

AUD/USD holds tight in the process of a significant correction

EUR/USD consolidates losses below 1.1600, options market stay bearish before Fed

Ireland Purchasing Manager Index Services fell from previous 63.7 to 63.4 in October

Rate differentials set to gently jostle strong US dollar – Reuters poll

US Inflation expectations rebound from three-week low ahead of Fed

Hong Kong SAR Nikkei Manufacturing PMI fell from previous 51.7 to 50.8 in October

Australia Building Permits (YoY) fell from previous 31.2% to 12.8% in September

Australia Building Permits (MoM) came in at -4.3% below forecasts (-2%) in September

Australia: Building Permits, m/m, September -4.3% (forecast -2%)

USD/JPY seesaws around 114.00 as off in Japan joins pre-Fed anxiety

Schedule for today, Wednesday, November 3, 2021

Currencies. Daily history for Tuesday, November 2, 2021

US dollar sits firm in the 94 area ahead of the Fed

USD/CAD Price Analysis: 20-day EMA guards immediate upside amid sluggish momentum

USD/CHF fades bounce off three-month low near 0.9150 ahead of Fed

Silver Price Analysis: 50-DMA probes XAG/USD bears on the way to $22.80

EUR/JPY recovers well from sell-off into the FOMC

AUD/NZD marching towards 1.0400 after positive NZ economic data

AUD/USD steadies above 0.7400 after RBA-led slump, focus on Fed

Australia Commonwealth Bank Composite PMI fell from previous 52.2 to 52.1 in October

Australia Commonwealth Bank Services PMI below expectations (52) in October: Actual (51.8)

Australia AiG Performance of Construction Index rose from previous 53.3 to 57.6 in October

RBNZ’s Orr: The labor market data is extremely volatile at the moment

NZD/USD stays around 0.7100 despite strong New Zealand Q3 Employment data

USD/CAD reclaims 1.2400 amid risk-on market sentiment, ahead of the Fed

New Zealand Unemployment beats forecasts, NZD firms

New Zealand Employment Change came in at 2%, above expectations (0.4%) in 3Q

New Zealand Labour Cost Index (QoQ) came in at 0.7% below forecasts (0.8%) in 3Q

New Zealand Labour Cost Index (YoY) below expectations (2.6%) in 3Q: Actual (2.5%)

New Zealand Participation Rate above expectations (70.6%) in 3Q: Actual (71.2%)

New Zealand Unemployment Rate below expectations (3.9%) in 3Q: Actual (3.4%)

New Zealand: Unemployment Rate, Quarter III 3.4% (forecast 3.9%)

New Zealand: Employment Change, q/q, Quarter III 2% (forecast 0.4%)

GBP/USD Price Analysis: Bears bracing for a bumpy road to 1.3570

Australia: AiG Performance of Construction Index, October 57.6

When is the New Zealand Q3 employment data and how could it affect NZD/USD?

Gold Price Analysis: Bulls run into a wall of resistance at the 61.8% golden ratio

South Korea FX Reserves registered at 469.21B, below expectations (471.08B) in October

EUR/JPY holds above key short-term support at 131.50 ahead of Lagarde speech

United States API Weekly Crude Oil Stock: 3.594M (October 29) vs 2.318M

S&P 500 posts fourth consecutive record close, Dow clinches 36K level

RBNZ: Higher global interest rates could prove to be a headwind to asset prices

S&P 500 Price Analysis: Reaches a new all-time high around 4,635.30 ahead of the Fed meeting

Forex Today: All eyes on the looming Fed’s decision

NZD/USD slips below key support, consolidates at 200DMA ahead of key NZ jobs report

EUR/USD Price Analysis: Bears seeking a break below 1.15 the figure

GBP/JPY consolidates in low 155.00s after technical selling, BoE meeting looms

USD/JPY retreats below 114.00 amid mild risk-on market sentiment

United States 52-Week Bill Auction rose from previous 0.09% to 0.16%

AUD/USD Price Analaysis: A countertrend trader's setup in the making?

USD/CHF rallies back to 200DMA at 0.9150, despite strong Swiss data

GBP/USD threatens a break below 1.3600

EUR/GBP reclaims 0.8500 amid mild risk-off market sentiment

WTI ebbing lower but within recent ranges ahead of key OPEC+ get-together

Silver Price Analysis: XAG/USD drops more than 2.5%, to the $23.35 area

Denmark Currency Reserves: 491.9B (October) vs previous 501.7B