Market news

USD/ILS: The shekel is due for a correction – Wells Fargo

USD/JPY up sharply to test 21DMA at 113.80, as hot US inflation piles pressure on Fed

USD/CAD rebounds back above 1.2400 from six-day lows

United States EIA Crude Oil Stocks Change came in at 1.001M below forecasts (2.125M) in November 5

United States Wholesale Inventories increased to 1.4% in September from previous 1.1%

US President Biden says reversing the increase in inflation is a top priority for him - Reuters

Gold Price Forecast: XAU/EUR reaches new 2021 highs above €1,600 as US CPI jumps the most since 1990

AUD/USD: Close below 100-DMA at 0.7386 to set the stage for a slump to 0.73 – Rabobank

EUR/USD seen trading at 1.16 by year-end – Deutsche Bank

GBP/USD to tank towards the 1.34 level amid heightened Brexit concerns – Scotiabank

S&P 500 Index opens in the negative territory after US inflation data

US Dollar Index sticks to gains, recedes from tops above 94.40

AUD/USD reverses initial post-US inflation data losses, now in the green above 0.7380

EUR/USD set to sink towards 1.12 by end-2022 – Scotiabank

Australian Employment Preview: Forecasts from five major banks, anticipating an upbeat outcome

S&P 500 Index to push higher beyond 4750 towards 4875 by year-end – Credit Suisse

AUD/USD reverses US CPI-led slide to one-month lows, jumps to 0.7375-80 area

The rise of “French Trump”, Éric Zemmour, to weigh on the euro – Nordea

Gold Price Analysis: XAU/USD surges to multi-month highs, bulls targetting $1850

EUR/USD drops to weekly lows near 1.1530 post-US CPI

GBP/USD slides further below 1.3500 mark on hotter-than-expected US CPI print

US: Weekly Initial Jobless Claims decline to 267K vs. 265K expected

United States Consumer Price Index (YoY) registered at 6.2% above expectations (5.3%) in October

United States Consumer Price Index ex Food & Energy (MoM) above expectations (0.4%) in October: Actual (0.6%)

United States Continuing Jobless Claims increased to 2.16M in October 29 from previous 2.105M

United States Consumer Price Index ex Food & Energy (YoY) registered at 4.6% above expectations (4.3%) in October

United States Initial Jobless Claims declined to 267K in November 5 from previous 269K

Breaking: US annual CPI inflation jumps to 6.2% in October vs. 5.3% expected

United States Consumer Price Index (MoM) above expectations (0.6%) in October: Actual (0.9%)

United States Consumer Price Index n.s.a (MoM) came in at 276.589, above expectations (275.764) in October

United States Initial Jobless Claims 4-week average fell from previous 284.75K to 278K in November 5

WTI pulls back slightly from two-week highs near $85.00 ahead of official US inventory data

EUR/USD to resume the core downtrend towards the 1.1290 mark – Credit Suisse

Gold Price Forecast: XAU/USD to see further gains towards the $1917 May high once above $1835 – Commerzbank

EUR/USD Price Analysis: Extra losses likely to test 1.1513

US Dollar Index Price Analysis: Next on the upside comes the YTD high

EUR/USD drops back under 1.1550, eyes YTD lows under 1.1520 as US inflation data looms

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

EUR/JPY Price Analysis: A test of the 200-day SMA stays on the cards

Japan PM Kishida: Will offer 100,000 yen cash payout to households suffering from pandemic

USD/JPY refreshes daily tops, around 113.20-25 region ahead of US CPI

Brazil IPCA Inflation registered at 1.25% above expectations (1.05%) in October

United States MBA Mortgage Applications increased to 5.5% in November 5 from previous -3.3%

Evergrande News: Will Chinese real-estate giant avoid default?

EUR/NOK recedes from 2-day highs, remains capped by 9.9000

Canada Leading Indicators (MoM): 0.04% vs previous 0.3%

Portugal Unemployment Rate down to 6.1% in 3Q from previous 6.7%

Germany 10-y Bond Auction: -0.29% vs previous -0.16%

Spain 6-Month Letras Auction dipped from previous -0.633% to -0.666%

Spain 12-Month Letras Auction declined to -0.634% from previous -0.575%

USD/CAD Price Analysis: Bears flirt with 200-hour SMA/ascending channel confluence support

EUR/CZK to extend its decline to 24.75 on a break below 25.00 – SocGen

Silver Price Analysis: XAG/USD is well-placed to tackle the $24.95/$25.42 resistance – Commerzbank

USD/TRY flirts with all-time highs near 9.8400

Greece Industrial Production (YoY) down to 9.7% in September from previous 10.1%

EUR/CHF to rebound from 1.05 towards the 1.07 level – SocGen

Greece Consumer Price Index - Harmonized (YoY) up to 2.8% in October from previous 1.9%

Greece Consumer Price Index (YoY) rose from previous 2.2% to 3.4% in October

Italy Industrial Output w.d.a (YoY) above expectations (4%) in September: Actual (4.4%)

Italy Industrial Output s.a. (MoM) above forecasts (-0.1%) in September: Actual (0.1%)

GBP/USD seems vulnerable below mid-1.3500s amid Brexit tensions, awaits US CPI

German Government Advisers cut 2021 growth forecast to 2.7% vs 3.1% previous

China’s state-owned firms urges regulators to adjust lending restrictions to property developers for M&As – Cailianshe

AUD/USD bounces off multi-week lows, down little ahead of US CPI

Gold Price Forecast: XAU/USD looks north, key levels to watch – Confluence Detector

FTSE 100 to extend its bullish trend towards the 7463 mark – Credit Suisse

Gold Price Forecast: XAU/USD to enjoy a deeper recovery to $1917 on a breach of $1834/36 – Credit Suisse

USD/CAD to move downward to 1.20 by late 2022 – BMO

Silver Price Analysis: XAG/USD to seed a bull setup towards 200-DMA at $25.38 – DBS Bank

EUR/CZK looks for further downside to the 24.80 mark – Credit Suisse

GBP/JPY holds above 153.00, upside potential seems limited amid Brexit woes

USD to outshine peers on a hawkish Fed – Nordea

China M2 Money Supply (YoY) came in at 8.7%, above expectations (8.3%) in October

China New Loans above forecasts (800B) in October: Actual (826.2B)

Philippines: BSP seen unchanged later in the week – UOB

EUR/USD comes under pressure near 1.1560

US CPI Preview: Forecasts from 10 major banks, reacceleration in the monthly prints

USD/ILS to hover in a tight range of 3.07-3.14 – Credit Suisse

Austria Industrial Production (YoY) down to 3.3% in September from previous 8.6%

Slovakia Industrial Output (YoY) fell from previous 0.8% to -4.9% in September

USD/JPY to extend its correction lower to 111.66 and rebound from here – Commerzbank

Copper set to rebound from the $9356 200-DMA as high as $11000 – Credit Suisse

USD/BRL set to extend its downmove towards the 5.35 mark – Credit Suisse

USD/JPY stages a goodish rebound from one-month lows, retakes 113.00 mark

EUR/USD: Minor rebound viewed as corrective, 1.1495 level to watch – Commerzbank

USD/JPY to turn back higher from the 111.84/66 support zone – Credit Suisse

AUD/USD set to decline towards the 0.7171 mark – Commerzbank

Turkey Unemployment Rate dipped from previous 12.1% to 11.5% in September

Denmark Inflation (HICP) (YoY) rose from previous 2.4% to 3.2% in October

Germany Harmonized Index of Consumer Prices (YoY) meets forecasts (4.6%) in October

Norway Producer Price Index (YoY): 60.8% (October) vs 57.8%

Norway Consumer Price Index (MoM): -0.3% (October) vs previous 1%

Norway Consumer Price Index (YoY) dipped from previous 4.1% to 3.5% in October

Germany Consumer Price Index (YoY) in line with expectations (4.5%) in October

Germany Consumer Price Index (MoM) meets forecasts (0.5%) in October

Norway Core Inflation (YoY) fell from previous 1.2% to 0.9% in October

Norway Core Inflation (MoM) fell from previous 0.4% to -0.3% in October

Germany Harmonized Index of Consumer Prices (MoM) in line with forecasts (0.5%) in October

Denmark Consumer Price Index (YoY) climbed from previous 2.2% to 3% in October

Gold Price Forecast: XAU/USD needs a daily close above $1,834 to extend the technical breakout

USD/CAD stuck in a range below mid-1.2400s, US CPI awaited

GBP/USD stays below 1.3600 ahead of key US CPI

US Dollar Index regains the smile above 94.00 ahead of US CPI

EU’s Šefčovič: To brief diplomats on Northern Ireland protocol negotiations

Forex Today: Majors trade in familiar ranges ahead of US inflation data

AUD/USD Price Analysis: Breaches key 50-DMA, eyes 0.7300 ahead of US inflation

Natural Gas Futures: Scope for extra losses

NZD/USD Price Analysis: Bears attack monthly support line near 0.7100

Japan: Prelim Machine Tool Orders, y/y , October 81.5%

Crude Oil Futures: Upside could take a breather

Gold Price Forecast: XAU/USD drops towards $1,810 as yields rebound ahead of US inflation

Gold Futures: Further gains in the pipeline

Netherlands, The Manufacturing Output (MoM) up to 1% in September from previous -1.9%

China Pres. Xi: Ready to work with US to manage differences

EUR/USD retreats below 1.1600 on firmer yields, German/US inflation eyed

USD/INR Price Analysis: Indian rupee bulls look to 200-DMA retest

Asian Stock Market: Inflation, China concerns weigh on sentiment

USD/TRY Price Analysis: Teases bullish pennant confirmation above $9.74

AUD/JPY recedes towards 83.00 amid risk-aversion

EUR/CAD: Bears target 1.3500 amid bullish bias on CAD – Morgan Stanley

Commodities. Daily history for Tuesday, November 9, 2021

US Treasury yields rebound from six-week low but no mercy for S&P 500 Futures

US Treasury Sec. Yellen warns of a recession if the debt limit is not raised

US Pres. Biden-China’s Pres. Xi virtual meeting planned for as soon as next week – Reuters

USD/CNH Price Analysis: Off 61.8% Fibo. after strong China CPI, PPI

China: Energy shortages, zero-COVID policy create considerable uncertainty – Goldman Sachs

AUD/USD: Bears keep reins below 0.7400 despite firmer China inflation

USD/CNY fix: 6.3948 vs. the estimated 6.3952

Higher Oct Chinese CPI fails to move the needle on AUD/USD

China Consumer Price Index (MoM) in line with forecasts (0.7%) in October

China Consumer Price Index (YoY) above forecasts (1.4%) in October: Actual (1.5%)

China Producer Price Index (YoY) above forecasts (12.4%) in October: Actual (13.5%)

China: CPI y/y, October 1.5% (forecast 1.4%)

China: PPI y/y, October 13.5% (forecast 12.4%)

Schedule for today, Wednesday, November 10, 2021

US Dollar Index Price Analysis: DXY bounces off 200-SMA to poke 94.00

USD/JPY holds below 113.00, multi-week low performance, US CPI eyed

Fed’s Bullard expects two rate hikes next year

USD/CHF defends 0.9100 despite risk-off mood, focus on US inflation

Gold Price Forecast: US CPI is a key event for XAU/USD today

EUR/GBP Price Analysis: Fades bounce off 50-DMA around 0.8550

Currencies. Daily history for Tuesday, November 9, 2021

GBP/USD: Risk reversal pauses two-day downtrend despite Brexit jitters

Japan Money Supply M2+CD (YoY) unchanged at 4.2% in October

Australia: Westpac Consumer Confidence, November 105.3

AUD/USD Price Analysis: Keeps 200-SMA breakdown to attack 0.7360 support

Australia Westpac Consumer Confidence climbed from previous -1.5% to 0.6% in November

USD/CAD extends weekly losses towards1.2400 on firmer oil, ignore’s BOC’s Mecklem

United States API Weekly Crude Oil Stock: -2.485M (November 5) vs previous 3.594M

EUR/USD continues to hover around 1.1600-mark, US inflation figures eyed

South Korea Unemployment Rate: 3.2% (October) vs 3%

GBP/JPY Price Analysis: Defends 153.00 inside key EMA envelope

EUR/CAD Price Analysis: Hovers around 1.4425 failing to break resistance at 1.4460

WTI refreshes weekly high past $83.00 on API oil inventory draw, EIA data in focus

Silver Price Analysis: XAG/USD bulls battle two-month-old resistance above $24.00

AUD/USD stays below 0.7400 on sour sentiment, China/US Inflation eyed

NZ Trade Minister O’Conner: APEC members reject protectionism

AUD/JPY Price Analysis: Double-top target at 83.10 reached, hover around 83.30

NZD/USD bears waiting to pounce, 0.7080 eyed

GBP/USD set to end the session flat in mid-1.3500s ahead key US, UK data looms

S&P 500 set to snap eight session run of record closes, amid profit-taking, inflation worries

WTI advances sharply above $82.00 on STEO report showing an excess supply in early 2022

Brexit angst is heating-up: GBP traders be warned

Forex Today: Dollar benefits from risk-off mood

USD/CAD sellers come in at 200DMA, push pair below 1.2450 again as crude oil takes off

Fed's Kashkari: Supply, demand shocks expected to be temporary

Argentina Industrial Output n.s.a (YoY): 10.1% (September) vs previous 13.8%

United States 10-Year Note Auction declined to 1.444% from previous 1.584%

USD/JPY Price Analysis: Bears seek a run to 112.08 while bulls look to 113.20

Palladium Price Analysis: XPD/USD pulls back sharply session highs above $2100

EUR/USD marches firmly towards 1.1600 amid a risk-off market mood

GBP/JPY Price Analysis: Daily support is vulnerable from H1 perspective

Fed's Daly: Prices will moderate as we get through the pandemic

Gold Price Analysis: XAU/USD eyes $1830 level and key resistance just above it as real yields slide

S&P 500 slides for the first time in nine days, breaks below 4,700 on lower Tesla shares

WTI trading with positive bias in upper-$82.00s as traders await EIA STEO and inventory numbers

USD/MXN Price Analysis: Testing levels under relevant 20.30 area