Market news

Brexit: UK Brexit Minister Frost says intensified talks to happen with EU next week on customs and medicine - Reuters

AUD/USD trims weekly losses, hover around 0.7315 on dismal UoM Consumer Sentiment

USD/MXN Price Analysis: Resistance at 20.65/70 holds the upside

EU’s Šefčovič on Brexit: We are ready to look at any issue that is within the Northern Ireland protocol

Breaking: US consumer confidence weakens in November amid escalating inflation

United States Michigan Consumer Sentiment Index below expectations (72.4) in November: Actual (66.8)

United States JOLTS Job Openings above expectations (10.3M) in September: Actual (10.438M)

WTI set to end week on the back foot, though well supported at $80.00 for now

EUR/USD loses the grip and prints new YTD low around 1.1430

S&P 500 Index opens modestly higher ahead of US consumer sentiment data

GBP/USD to extend its rebound above the 1.3410 level – Scotiabank

EUR/USD set to drop to the 1.14 level – Scotiabank

USD/TRY remains bid and approaches 10.0000

Gold Price Forecast: XAU/USD to climb to $1,950 in 1Q22 due to high inflation and delayed Fed rate hikes – SocGen

USD/CAD’s bull run peeters out at 1.2600 level as FX markets await further US data/Fed speak

Silver Price Analysis: XAG/USD pares intraday losses, down little around $25.00 mark

NZD/USD fends off 0.7000 for now, but set to end the week sharply lower

EUR/USD: Break below 1.1420 to open up the 1.1300 level – TDS

GBP/USD rebounds to 1.3400, boosted by hopes for easing Brexit tensions

USD/JPY flirts with daily lows, struggles to defend 114.00 mark

EUR/JPY looks offered, struggles for direction around 130.50

Gold Price Forecast: XAU/USD remains depressed near $1,850, inflation fears to limit losses

India FX Reserves, USD dipped from previous $642B to $640.87B in November 5

India Manufacturing Output: 2.7% (September) vs previous 9.7%

India Industrial Output registered at 3.1%, below expectations (4.8%) in September

India Cumulative Industrial Output below forecasts (72.5%) in September: Actual (23.5%)

EUR/USD Price Analysis: Scope for extra losses near term

Reuters Poll: Bank of England to raise bank rate to 0.25% on December 16

US Dollar Index Price Analysis: Next level of note comes at 97.80

Copper to move downwards throughout 2022 and rebound towards $12,500/t by 2025 – SocGen

EUR/JPY Price Analysis: Further losses expected below 130.45

EUR/SEK to drift lower towards the 9.80 mark – SocGen

Brent Oil to average $77.5/bbl in 2022 – SocGen

USD/CHF climbs to over three-week tops, around 0.9230 region

EUR/USD to lose more ground as market is excessively priced for ECB rate hikes – MUFG

Gold Price Forecast: XAU/USD to grind higher towards $1,980 on a break above $1,875 – SocGen

Positive USD momentum to continue – MUFG

EUR/USD: Retracement has further to go towards 1.1380 – SocGen

GBP/JPY sticks to modest recovery gains, lacks follow-through amid Brexit woes

USD/TRY set to test the 10.00 level as CBRT may cut rates by 1% – SocGen

Eurozone Industrial Production drops by 0.2% MoM in September vs. -0.5% expected

European Monetary Union Industrial Production w.d.a. (YoY) above forecasts (4.1%) in September: Actual (5.2%)

European Monetary Union Industrial Production s.a. (MoM) came in at -0.2%, above forecasts (-0.5%) in September

USD/CAD sits near multi-week tops, awaits a sustained move beyond 1.2600 mark

FX option expiries for November 12 NY cut

WTI Price Analysis: Teasing a symmetrical triangle breakdown, focus on Friday’s close

China’s Foreign Minister: US, China maintain close communication ahead of Xi-Biden meeting

AUD/USD struggles to capitalize on attempted recovery beyond 0.7300 mark

EUR/USD bounces off 2021 lows, regains 1.1450

Hong Kong SAR Gross Domestic Product (YoY): 5.4% (3Q) vs previous 7.6%

Hong Kong SAR Gross Domestic Product (QoQ) up to 0.1% in 3Q from previous -0.9%

Colombia Consumer Price Index (MoM) climbed from previous 0.38% to 4.58% in October

Colombia Consumer Price Index (YoY) dipped from previous 4.51% to 0.01% in October

GBP/USD moves away from YTD lows, upside seems limited ahead of Brexit talks

Riksbank's Ingves: Inflation will be a temporary phenomenon

European Monetary Union CFTC EUR NC Net Positions rose from previous €-11.3K to €-6.1K

United Kingdom CFTC GBP NC Net Positions unchanged at £15K

United States CFTC Gold NC Net Positions up to $215.1K from previous $214.6K

United States CFTC Oil NC Net Positions dipped from previous 423.7K to 419.3K

Japan CFTC JPY NC Net Positions down to ¥-107.6K from previous ¥-107K

Japan CFTC JPY NC Net Positions remains at ¥-107K

United States CFTC S&P 500 NC Net Positions up to $125.5K from previous $96.5K

Australia CFTC AUD NC Net Positions declined to $-75.5K from previous $-75.2K

ECB’s Simkus: Inflation will fall below target in 2023, not in line with forward guidance conditions

Spain HICP (MoM) below expectations (1.7%) in October: Actual (1.6%)

Spain Consumer Price Index (MoM) came in at 1.8% below forecasts (2%) in October

Spain HICP (YoY) registered at 5.4%, below expectations (5.5%) in October

Spain Consumer Price Index (YoY) above expectations (4%) in October: Actual (5.4%)

US dollar to enjoy upward momentum through the first half of 2022 – Morgan Stanley

ECB's Rehn: Supply bottleneck relief may not come until toward end of 2022

USD/JPY set to test the recent high at 114.69 – Commerzbank

NZD/USD: Headwinds for the kiwi could be coming in 2022 – ANZ

Switzerland Producer and Import Prices (YoY) increased to 5.1% in October from previous 4.5%

Switzerland Producer and Import Prices (MoM) rose from previous 0.2% to 0.6% in October

USD/CHF eyes further gains towards the mid-October high at 0.9313 – Commerzbank

EUR/SEK: Riksbank tightening expectations to support krona momentum – CIBC

EUR/USD set to challenge a support line at 1.1424 – Commerzbank

US Dollar Index advances to new 2021 tops near 95.30

AUD/USD set to march forward as Australian economy recovers from lockdowns – CIBC

Russia Foreign Trade up to $20.001B in September from previous $17.113B

Gold Price Forecast: XAU/USD eyes fresh upside amid inflation risks

Turkey Industrial Production (YoY) declined to 8.9% in September from previous 13.8%

The promise of more monetary policy normalisation should support gains in NZD – CIBC

USD/JPY hits fresh weekly highs near 114.30 as the dollar gains extend

Natural Gas Futures: Recovery could extend further

Crude Oil Futures: Further losses not ruled out

EUR/CAD Price Analysis: Easy around 1.4400, bearish flag in focus

Gold Futures: Still room for further upside

Forex Today: Dollar holds its ground, eyes on US consumer sentiment data

USD/CAD Price Analysis: Trades around 1.2600 as the US inflation dust settles

Draft: Japan's stimulus package to include aid to firms hit by rising oil cost – Reuters

EUR/USD wobbles at 16-month low ahead of US Michigan Consumer Sentiment

China’s secret recipe for its economic miracle – Global Times

Gold Price Forecast: XAU/USD teases bullish pennant near $1,860, US data eyed

Asian Stock Market: China, New Zealand roil mildly bid markets

USD/INR Price News: 100-DMA defends Indian rupee bears

GBP/USD sits at 11-month lows near 1.3350 amid USD demand, Brexit talks eyed

AUD/USD renews multi-day low near 0.7280 amid sluggish markets

Ex-PBOC Adviser: Evergrande problem is manageable

EUR/USD: To remain range-bound over the coming year – Goldman Sachs

GBP/CAD goes south toward 1.6820 amid Brexit risks

Japan’s Yamagiwa: New covid measures will aim to prevent the spread and keep economic activities going

Moody’s: Asia-Pacific economies to see a rebound in growth

Commodities. Daily history for Thursday, November 11, 2021

NZD/USD Price Analysis: Extends 100-DMA breakdown towards 0.6985

Brexit wires, something positive for a change

Eurozone inflation to overshoot ECB's 2% target next year – Reuters poll

EUR/USD: Options market turns most bearish in six weeks

Evergrande: Not out of the woods yet, contagion risks a plenty

USD/JPY Price Analysis: Crosses key hurdle to poke monthly top above 114.00, bulls in charge

Schedule for today, Friday, November 12, 2021

USD/CNY fix: 6.4065 vs the previous 6.4145

USD/CHF traverse up 0.9200-mark, traders looks for fresh insight

US Treasury yields fade biggest jump in seven weeks, S&P 500 Futures stay mildly bid

WTI Price Analysis: Stays defensive around $80.00 threshold

AUD/NZD Price Analysis: Bears seeking downside continuaiton towards 1.0280

Currencies. Daily history for Thursday, November 11, 2021

US Dollar Index looks to Treasury yields for fresh impulse at 16-month top

AUD/USD Price Analysis: A 50% mean reversion is on the cards

Silver Price Analysis: XAG/USD grinds higher past $25.00 as 200-DMA tests bulls

USD/JPY steadfast around 114.00 level, US inflation worry investors

AUD/NZD steady around 1.0380s tops, despite RBNZ and RBA monetary policy divergence

Turkish central bank to cut policy rate to 15% as USD/TRY hits record lows – Reuters poll

GBP/USD Price Analysis: Bears flirt with 61.8% FE amid oversold RSI

Gold Price Forecast: Bulls stay in charge towards critical daily resistance

USD/CAD pauses on the way to 1.2600, oil moves, US data in focus

EUR/USD Price Analysis: Inches closer to 1.1420-10 support zone

New Zealand Business NZ PMI: 54.3 (October) vs 51.4

GBP/JPY Price Analysis: Failure at 153.00 opens the door for sellers eyeing the 200-DMA

AUD/USD stays depressed at five-week low under 0.7300 on multiple catalysts

EUR/JPY drops below key Fib level as downside continues, now probing 200DMA just under 130.50

South Korea Import Price Growth (YoY) climbed from previous 26.8% to 35.8% in October

South Korea Export Price Growth (YoY) up to 25.3% in October from previous 20.2%

NZSD/USD bears stay on top and target 0.6980

AUD/JPY Price Analysis: Hovers around 83.15, as bears await a break below the 200-DMA

S&P 500 stabilises above 4650, set to post modest gains amid subdued trading conditions

Forex Today: Due correction for the greenback around the corner

USD/MXN rallies from session lows under 20.50 as Banxico delivers widely expected 25bps rate hike

WTI recovers gorund to the $81.30s

USD/CHF probing 50DMA at 0.9220, having rallied 100 pips since hot US inflation report

Argentina Consumer Price Index (MoM) declined to 3.5% in October from previous 3.8%

Mexico Central Bank Interest Rate climbed from previous 4.75% to 5%

GBP/USD bears moving in on 1.3360 sell stops

Gold Price Forecast: XAU/USD trapped between $1,840-65 amid RSI’s overbought conditions

EUR/GBP edges back up towards 200DMA at 0.8580 amid broadly subdued trade conditions

EUR/USD bears stay in charge to test 1.1450 fresh cycle lows

AUD/USD probing 0.7300 to the downside after labour market data endorses dovish RBA view

Silver Price Forecast: XAG/USD steady above $25.00, found strong resistance at the 200-DMA

Colombia Retail Sales (YoY) dipped from previous 32% to 15.3% in September

Colombia Industrial output (YoY) dipped from previous 22.9% to 15.5% in September

NZD/USD found strong support at the 100-DMA, hovers around 0.7035

XAU/EUR continues upwards momentum, now above $1620 as inflation fears support gold

GBP/JPY Price Analysis: Bearish bias intact, looking at 152.25