Market news

EUR/USD without clear direction fails to hold above 1.1600

US 10-year Treasury yields hit fresh multi-week lows under 1.45%

USD/CAD climbs to 1.2465 amid broad US dollar weakness

NZD/USD drops back under 0.7150, despite recovering NZ consumer spending

USD/JPY should find support into 112.00 – TDS

GBP/USD is on track to resettle into a 1.36-1.38 range – Scotiabank

EUR/USD to head firmly higher on a clear break above 1.1600/15 – Scotiabank

USD/CHF: Swiss franc looks vulnerable to a reversal – TDS

GBP/USD fails to reclaim 1.3600 level as central bank speakers eyed

Powell speech: Fed looks at wide range of indicators when assessing max employment

United States Redbook Index (YoY) down to 15.6% in November 5 from previous 16.9%

US: Annual PPI remained at 8.6% in October vs. 8.7% expected

United States Producer Price Index (MoM) above expectations (0.5%) in October: Actual (0.6%)

United States Producer Price Index ex Food & Energy (MoM) came in at 0.4% below forecasts (0.5%) in October

United States Producer Price Index ex Food & Energy (YoY) meets forecasts (6.8%) in October

United States Producer Price Index (YoY) came in at 8.6%, below expectations (8.7%) in October

AUD/USD slides back to 0.7400 level despite decent Aussie business survey data

ECB's Knot: Conditions for rate hike very unlikely to be met in 2022

EUR/GBP nudges lower, but fails to break under 50DMA for now amid subdued conditions

EUR/USD slides to 1.1575 area, fresh daily lows ahead of Lagarde/Powell

Silver Price Analysis: XAG/USD bulls have the upper hand above $24.20-15 confluence

Mexico 12-Month Inflation registered at 6.24% above expectations (6.18%) in October

Mexico Core Inflation came in at 0.49%, above forecasts (0.47%) in October

Mexico Headline Inflation above forecasts (0.78%) in October: Actual (0.84%)

UK's NIESR: BoE to raise rates to 0.5% by Q2 2022

USD/JPY struggles near multi-week lows, below 113.00 mark

Portugal Global Trade Balance declined to €-5B in September from previous €-4.83B

United States NFIB Business Optimism Index fell from previous 99.1 to 98.2 in October

Five reasons to expect US inflation to take another sharp leg higher – Nordea

GBP/USD climbs to three-day tops, looks to build on momentum beyond 1.3600

US Dollar Index to plunge towards July low of 91.78 o a close below 93.45 – Commerzbank

EUR/USD sticks to modest gains around 1.1600, lacks follow-through

European Monetary Union ZEW Survey – Economic Sentiment rose from previous 21 to 25.9 in November

German ZEW Economic Sentiment Index jumps to 31.7 in November, a big beat

Germany ZEW Survey – Economic Sentiment registered at 31.7 above expectations (19) in November

Germany ZEW Survey – Current Situation below forecasts (18) in November: Actual (12.5)

EUR/HUF to rebound from 356.00 towards the 369.20/50 zone – SocGen

US Dollar Index set to challenge the critical 93.20/10 support zone – SocGen

USD/MXN: Holding above 20.00 is crucial to see a rebound towards 21.00 – SocGen

NZD/USD struggles for direction, flat-lined above mid-0.7100s

Gold Price Forecast: XAU/USD’s path of least resistance appears up, $1834 still eyed – Confluence Detector

Germany Current Account n.s.a. climbed from previous €11.8B to €19.6B in September

EUR/USD: Three factors to drag down the euro – Mizuho

GBP/JPY trades with modest losses around 153.25-20 area, seems vulnerable

ECB’s Enria: Low interest rates are now hurting banks; issue to persist

GBP/USD looks to the upside in the coming months – NBF

USD/IDR: Rupiah set to continue showing its resilience – Mizuho

Sweden New Orders Manufacturing (YoY) down to 0.9% in September from previous 2.3%

Sweden Industrial Production Value (YoY) rose from previous 0.8% to 3.9% in September

Sweden Industrial Production Value (MoM) climbed from previous -3.7% to 0.3% in September

AUD/USD poised to challenge the 0.76 level – Mizuho

USD/CAD to tick down towards 1.20 in 2022 as loonie has room to strengthen – NBF

FX option expiries for November 9 NY cut

US Dollar Index off multi-day lows, remains depressed near 94.00 mark

EUR/USD: Three factors to weigh on the common currency – NBF

Austria Trade Balance down to €-1309.6M in August from previous €-469.9M

AUD/USD should grind lower towards the 0.7350/00 zone – Westpac

France Current Account dipped from previous €-1.3B to €-2.7B in September

France Exports, EUR dipped from previous €42.3B to €41.996B in September

France Imports, EUR dipped from previous €48.97B to €48.773B in September

France Trade Balance EUR came in at €-6.777B, above forecasts (€-7.1B) in September

GBP/USD to enjoy a corrective rebound towards the 1.3610/65 zone – Commerzbank

NZD/USD: Potential to test the 0.7215 resistance – ANZ

USD/CAD remains confined in a range near mid-1.2400s

Two key reasons why real long-term interest rates are set to remain very low – Natixis

USD/JPY: Scope for a slump to the 111.66 July high – Commerzbank

Germany Current Account n.s.a.: €0.1B (September) vs previous €11.8B

Germany Trade Balance s.a. below forecasts (€13.6B) in September: Actual (€13.2B)

Germany Imports (MoM) came in at 0.1%, below expectations (0.6%) in September

Germany Exports (MoM) came in at -0.7% below forecasts (0%) in September

AUD/USD recovers early lost ground, flat-lined around 0.7420 region

Forex Today: Dollar on the back foot, eyes on EU sentiment, US PPI data and central bank speakers

Denmark Current Account climbed from previous 14.3B to 16.1B in September

Denmark Trade Balance rose from previous 11B to 12.8B in September

Gold Price Forecast: XAU/USD set to defy the $1,832/34 resistance zone

EUR/USD Price Analysis: Recaptures 21-DMA, eyes 1.1615 resistance area

Gold Price Forecast: XAU/USD looks to $1,834 key hurdle amid softer USD

USD/JPY hits fresh monthly lows below 113.00 amid weaker Treasury yields

US inflation is transitory, to peak in February – Citibank

Asian Stock Market: Trades mixed despite Japan’s stimulus news

GBP/USD Price Analysis: Eyes acceptance above 1.3570 to unleash additional recovery

Japan: Eco Watchers Survey: Outlook, October 57.5

Japan Eco Watchers Survey: Outlook: 57.5 (October) vs 56.6

Palladium Price Analysis: XPD/USD bulls can ignore pullback from monthly high

Japan Eco Watchers Survey: Current increased to 55.5 in October from previous 42.1

Japan: Eco Watchers Survey: Current , October 55.5

EUR/USD bulls poke 1.1600, await ECB’s Lagarde, Fed’s Powell

NZD/USD Price Analysis: Justifies Monday’s bearish Doji near 0.7150

GBP/JPY bears attack 153.00 on downbeat Treasury yields, Brexit woes

AUD/USD Price Analysis: Drops back towards 100-DMA

USD/IDR Price News: Rupiah sits at six-day highs of 14,220 despite weak Indonesian Retail Sales

EUR/USD: Set to test 1.1100 if 1.1400 caves in – Scotiabank

Commodities. Daily history for Monday, November 8, 2021

Japan PM Kishida: Want to compile economic stimulus package on November 19

USD/TRY Price Analysis: Bulls need validation from $9.7400

China’s Kaisa needs external help for debt payment, NDRC meets with property developers

USD/INR Price Analysis: Bulls eye a 61.8% golden ratio target

USD/CHF risk reversal jumps the most in a week

Silver Price Analysis: XAG/USD again eases from 200-day EMA

USD/CNY fix: 6.3903 vs the previous fix of 6.3959

AUD/JPY Price Analysis: Bears taking control below 83.80 support

S&P 500 Futures snap five-day uptrend on mixed concerns, Fed’s Powell eyed

US Dollar Index Price Analysis: 200-HMA challenges weekly support break

Australia: National Australia Bank's Business Confidence, October 21

AUD/USD bears trying to take control to test 0.7404

USD/JPY probes three-day downtrend above 113.00 on sluggish yields

Schedule for today, Tuesday, November 9, 2021

Currencies. Daily history for Monday, November 8, 2021

USD/CAD flirts with 1.2450 on sluggish oil prices, awaits Fed’s Powell, BOC’s Mecklem

United Kingdom BRC Like-For-Like Retail Sales (YoY): -0.2% (October) vs -0.6%

Gold Price Forecast: XAU/USD bulls itching for a breakout

Japan Trade Balance - BOP Basis increased to ¥-229.9B in September from previous ¥-372.4B

Japan Bank Lending (YoY) climbed from previous 0.6% to 0.9% in October

Japan Current Account n.s.a. below forecasts (¥1060B) in September: Actual (¥1033.7B)

Japan: Current Account, bln, September 1033.7 (forecast 1060.1)

Japan: Labor Cash Earnings, YoY, September 0.2%

Japan Labor Cash Earnings (YoY): 0.2% (September) vs previous 0.7%

EUR/CAD steady around 1.4420 approaching solid resistance at 1.4440

US inflation expectations refresh one-week high

EUR/USD Price Analysis: 10-DMA probes recovery moves

GBP/USD seesaws below 1.3600 on Brexit chatters, BOE’s Bailey eyed

Australia National Australia Bank's Business Conditions climbed from previous 5 to 11 in October

Australia National Australia Bank's Business Confidence up to 21 in October from previous 13

AUD/JPY Price Analysis: Focus on seven-week-old support near 84.00

AUD/USD stays firmer above 0.7400 amid softer USD, upbeat sentiment

New Zealand Electronic Card Retail Sales (MoM) climbed from previous 0.9% to 10.1% in October

New Zealand Electronic Card Retail Sales (YoY) rose from previous -14.9% to -7.6% in October

US Oil (WTI) bulls stay on top, $82 intact

Gold Price Forecast: XAU/EUR rallies for the third straight day, steady at around €1,570

S&P 500 secures eighth straight record close, Tesla slumps ahead of expected Musk share dump

USD/CAD locked in 1.2450 area despite higher crude prices

NZD/USD bulls trying to hold on, but struggle around 0.7150

EUR/USD steady approaches 1.1600 amid overall US dollar weakness

United States 3-Year Note Auction: 0.75% vs 0.635%

AUD/JPY condolidates around 84.00 level after substantial slide last week

Forex Today: Dollar corrects lower in a slow start to the week

GBP/CAD Price Analysis: A fade on rallies from weekly resistance

Fed's Evans: Uncertainties on outlook could lead Fed to move up or delay rate increases

Silver Price Forecast: XAG/USD breaks above the 100-DMA, around $24.40 amid falling Real Yields

EUR/GBP drops back below 0.8550 after second failed test of 200DMA

BoE's Gov Bailey: Will have to act with rates if we see evidence of higher inflation expectations feeding into wages

WTI sees choppy trade around $82.00 level, but positive bias remains intact

Fed’s Bowman: Likely to see higher inflation from housing for a while

Fed's Harker: Does not expect the Federal Funds Rate will rise before the Fed's bond tapering is complete

S&P 500 steady above 4,700 amid risk-on market sentiment

Gold Price Analysis: XAU/USD hits two-month highs above $1820 as real yields decline

US October CPI unlikely to offer much of a reprieve on the inflation front – Wells Fargo

GBP/USD extends rebound above 1.3550

Fed's Quarles to step down by the end of the year