Market news

Gold Price Forecast: XAU/USD surges on falling yields, next levels to watch – Confluence Detector

NZD/USD recovers back above 200DMA, 0.7100 level despite strong jobs data

Gold Price Forecast: XAU/USD confirms bullish shift in the near-term outlook

USD/JPY falls to test weekly lows around 113.50 despite upbeat US data

AUD/USD continues its two-day fall, breaks below 0.7400 amid positive US Nonfarm Payrolls

WTI back above $80.00, but taking a breather after recent wild price swings

Turkey Treasury Cash Balance up to -5.24B in October from previous -32.86B

USD/CNY: Probable move to 6.5600 in early 2022 – UOB

GBP/USD: Break below 1.34 to clear the way for a major fall to 1.30 – Scotiabank

EUR/USD set to suffer a substantial drop to 1.10 over 2022 – Scotiabank

USD/TRY retreats from earlier tops, back near 9.7000

NFP: EUR/USD at risk of falling below 1.15 as the data goes, so too will the dollar – TDS

EUR/GBP rejects 200DMA and 0.8600 level but still on course for solid weekly gains

USD/CAD: Dips following Canadian employment data to be shallow and short-lived – TDS

Canada Ivey Purchasing Managers Index dipped from previous 64.5 to 61.2 in October

Canada Ivey Purchasing Managers Index s.a registered at 59.3, below expectations (62.7) in October

S&P 500 Index climbs to new record high above 4,700

Fed's George: Now may be a time when Fed's goals appear to be in conflict

BOE's Tenreyro: Monetary policy should not try to offset short-lived shocks

USD/CAD sits firm in the key 1.2450 resistance post US and Canadian jobs data

Gold Price Analysis: XAU/USD sees two-way chop as US jobs data beats expectations

BOE's Ramsden: Voted to raise rates because labour market is getting tighter

EUR/USD prints new YTD lows, eyes test of key support at 1.1500 after strong US jobs data

Canada: Unemployment Rate declines to 6.7% in October, employment rises by 31.2K

GBP/USD's correction's life-line jeopardize by US NFP beat

US Dollar Index moves to new 2021 highs near 94.60 post-Payrolls

Canada Net Change in Employment came in at 31.2K, above forecasts (19.3K) in October

United States Average Hourly Earnings (MoM) in line with forecasts (0.4%) in October

United States Unemployment Rate below forecasts (4.7%) in October: Actual (4.6%)

United States Average Weekly Hours below forecasts (34.8) in October: Actual (34.7)

United States Average Hourly Earnings (YoY) came in at 4.9%, above forecasts (4.8%) in October

United States Nonfarm Payrolls came in at 531K, above expectations (425K) in October

United States Labor Force Participation Rate meets forecasts (61.6%) in October

Breaking: US Nonfarm Payrolls rise by 531,000 in October, dollar holds its ground

Canada Participation Rate meets expectations (65.3%) in October

Canada Unemployment Rate came in at 6.7% below forecasts (6.9%) in October

United States U6 Underemployment Rate declined to 8.3% in October from previous 8.5%

Mexico Consumer Confidence s.a registered at 43.8 above expectations (43.2) in October

EUR/USD Price Analysis: Rising bets for a drop to 1.1500

Mexico Consumer Confidence up to 43.6 in October from previous 43.3

India FX Reserves, USD rose from previous $640.1B to $642B in October 30

India Bank Loan Growth above expectations (6.6%) in October 18: Actual (6.8%)

USD/INR forecast to test 76.00 by Q1 2022 – UOB

US Dollar Index Price Analysis: A move above the 2021 high remains on the cards

USD/THB could attempt a move to 33.80 by year end – UOB

EUR/JPY Price Analysis: The 131.00 area holds the downside… for now

USD/IDR: Room for a move to 14,700 in Q1 2022 – UOB

EU: Retail Sales in euro area decline by 0.3% in September vs. +0.2% expected

European Monetary Union Retail Sales (YoY) came in at 2.5%, above expectations (1.5%) in September

European Monetary Union Retail Sales (MoM) came in at -0.3% below forecasts (0.2%) in September

Brexit: Growing expectation that UK will trigger Article 16 – RTE

AUD/USD: Scope for a retracement to 0.70 in H1 2022 – UOB

Canadian Jobs Preview: Forecasts from five major banks, some hiring softness ahead

GBP/USD: Strength of BoE pushback against higher rates hits the pound – MUFG

Italy Retail Sales n.s.a (YoY) increased to 5.3% in September from previous 1.9%

Italy Retail Sales s.a. (MoM): 0.8% (September) vs 0.4%

Gold Price Forecast: XAU/USD retests $1,800 ahead of NFP

EUR/USD looks flat around 1.1550, focus on NFP

BOE's Bailey: We never promised a November rate hike

GBP/USD could head towards 1.42 by mid-2022 – UOB

Austria Wholesale Prices n.s.a (MoM) up to 2.6% in October from previous 0.8%

Austria Wholesale Prices n.s.a (YoY) rose from previous 13.5% to 15.8% in October

Switzerland Foreign Currency Reserves declined to 922.975B in October from previous 939B

Spain Industrial Output Cal Adjusted (YoY) came in at 1.2%, below expectations (3.5%) in September

ECB's de Guindos: Factors behind recent surge in inflation are of transitory nature

France Nonfarm Payrolls (QoQ) registered at 0.5%, below expectations (1.2%) in 3Q

France Industrial Output (MoM) came in at -1.3%, below expectations (0.4%) in September

GBP/CHF to plummet towards Fibonacci marker at 1.2095 – DBS Bank

ECB's Mahklouf: Comfortable with our policy stance

GBP/USD to plunge towards the 1.3166 on a break below the 1.3411 September low – Commerzbank

AUD/USD eyes a dip to the 50-DMA at 0.7365 – Westpac

NFP Preview: Forecasts from 10 major banks, the strongest growth in three months

Five reasons for bond market optimism – Morgan Stanley

German Industrial Production unexpectedly drops by 1.1% MoM in September

Germany Industrial Production n.s.a. w.d.a. (YoY) above forecasts (-8%) in September: Actual (-1%)

EUR/USD set to slide below the recent low of 1.1522 – Commerzbank

Crude Oil Futures: Corrective downside poised to continue

Denmark Industrial Production (MoM) down to -5.6% in October from previous 5.1%

Germany Industrial Production s.a. (MoM) below forecasts (1%) in September: Actual (-1.1%)

United Kingdom Halifax House Prices (YoY/3m) came in at 8.1%, above forecasts (5.9%) in October

United Kingdom Halifax House Prices (MoM) registered at 0.9% above expectations (0.4%) in October

Gold Price Forecast: XAU/USD to regain upside momentum above the $1,834 mark – Commerzbank

ECB's Stournaras: Inflation will be temporary

AUD/USD Price Analysis: Extends the drop to test 100-DMA

EUR/USD seen at 1.15 in Q1 2022 – UOB

Forex Today: Wrapping up hectic week with US Nonfarm Payrolls

FX option expiries for November 5 NY cut

Gold Futures: Scope for extra gains near term

US Dollar Index returns to 94.30 ahead of Payrolls

US Pres. Biden and China’s Pres. Xi to announce reopening of consulates

Singapore Retail Sales (MoM) increased to 6% in September from previous -0.6%

Singapore Retail Sales (YoY): 6.6% (September) vs -2.8%

EUR/USD Price Analysis: 2021 low of 1.1524 appears at risk, eyes on NFP

Gold Price Forecast: XAU/USD looks to $1800 and $1805, NFP in focus – Confluence Detector

GBP/USD remains vulnerable below 1.3500 amid dovish BOE, focus shifts to NFP

Oil: Bullish view remains unchanged despite any US SPR release – Goldman Sachs

NZD/USD Price Analysis: Bears extend control below 200-DMA, focus on Friday’s close

USD/IDR Price News: Rupiah hits fresh three-month lows near 14,390 on Indonesian GDP miss

Commodities. Daily history for Thursday, November 4, 2021

US Senior Democratic Aide: House expected to vote on Pres. Biden infrastructure bills Friday

Indonesia Gross Domestic Product (YoY) below expectations (4%) in 3Q: Actual (3.51%)

Indonesia Gross Domestic Product (QoQ) came in at 1.55% below forecasts (1.8%) in 3Q

Japan’s Yamagiwa: Will consider impact of energy prices on economy in compiling stimulus package

USD/INR Price News: Indian rupee bulls step in at critical daily support

WTI re-attempts $79 mark, as sell-off pauses ahead of US NFP

EUR/USD is vulnerable to a solid Non Farm Payrolls event

China’s Kaisa, Units suspend trading in Hong Kong after missed payments – Bloomberg

USD/CAD: Canadian dollar will continue to benefit from higher oil price – Goldman Sachs

USD/CNY fix: 63980 vs the estimated 6.3983

USD/CAD Price Analysis: Bears move in and eye test of 1.2410/30

AUD/USD struggles around 0.7400 amid dovish RBA Monetary Policy Statement, NFP eyed

RBA SoMP: Will not raise the cash rate until these criteria are met

Schedule for today, Friday, November 5, 2021

Currencies. Daily history for Thursday, November 4, 2021

When is RBA's SoMP and how might it affect AUD/USD?

Japan Foreign Bond Investment increased to ¥-525.9B in October 29 from previous ¥-604.5B

Japan Foreign Investment in Japan Stocks rose from previous ¥229.7B to ¥411.5B in October 29

GBP/USD licks its wounds at 1.3500 after plummeting 200 pips on dovish BoE

Japan Overall Household Spending (YoY) came in at -1.9%, above forecasts (-3.9%) in September

Japan: Household spending Y/Y, September -1.9% (forecast -3.9%)

South Korea Current Account Balance below expectations (10.49B) in September: Actual (10.07B)

AUD/USD Price Analysis: Steady around 0.7400, but failure at 0.7450 clears the path for bears

AUD/NZD Price Analysis: Bulls step in and target 61.8% golden ratio

Australia AiG Performance of Services Index: 47.6 (October) vs 45.7

Australia: AIG Services Index, October 47.6

Gold Price Forecast: Bears moving on for the kill ahead of NFP

S&P 500's charge higher continues, posts sixth successive record closing high

USD/JPY Price Analysis: Steady around 113.75, trapped within the 113.50-114.20 range

USD/CAD at session highs above 1.2450 with loonie at mercy of oil price fluctuations

GBP/CAD Price Analysis: Bears throwing in the towell on profit taking

Forex Today: Dollar returns with a vengeance

EUR/GBP continues to climb post-dovish BoE, bulls target 200DMA at 0.8587

AUD/USD slumps below 0.7400 on broad US dollar strength

WTI slumps under $79.00, near $5.0 reversal from highs as traders book profits post-OPEC+

ECB Schnable: Aware of inflation fears but unlikely to raise rates next year

EUR/USD Price Analysis: Bears fill-up on low hanging fruits left by the Fed

NZD/USD finally finds buyers at 0.7100 as US yields slump, Nonfarm Payroll eyeds

EUR/JPY Price Analysis: Bottom-trendline of bullish flag at 131.00 capped the downward move

Gold Price Analysis: XAU/USD recovers back to 200DMA, tests $1800, US jobs report in focus

Gold Price Forecast: XAU/USD set to grind lower below the $1,691/77 zone – Credit Suisse

GBP/JPY plummets below 154.00 on BoE dovish monetary policy stance

United States 4-Week Bill Auction: 0.04% vs previous 0.055%

Silver Price Analysis: XAG/USD eyeing a move above $24.00 level as global bond yields plummet