Market news

US 10-year Treasury yield rises to the highest level in two weeks above 1.60%

BoE's Bailey: All meetings are in play for a rate rise

USD/CAD slumps to 1.2520s after reaching monthly highs around 1.2600, as US T-bond yields fall

EUR/GBP is still set to move slightly lower – Danske Bank

EUR/SEK: “Winter is coming” and it spells trouble for Swedish krona – Danske Bank

USD/TRY unstoppable: Fresh all-time highs above 10.0000

EUR/USD seen trading as low as 1.10 in 12 months – Danske Bank

USD/CAD aims a slip below the 1.25 level – Scotiabank

BoE's Bailey: I am very uneasy about the inflation situation

EUR/USD: Break below 1.14 to clear the way for a dive to the 1.10/11 zone – Scotiabank

Brexit: EU's Šefčovič says most recent meeting with UK's Frost was much better than last week

AUD/USD flirting with 50DMA in 0.7360s as markets digest latest Chinese macro data

Gold Price Forecast: XAU/USD to soar back to the $2,075 record high on a break above $1,917 – Credit Suisse

BoC's Macklem: Economic slack is still not absorbed, but “we are getting closer” - FT

EUR/USD to drop to 1.14 sooner than expected – Rabobank

AUD/USD Price Analysis: Upside potential seems limited ahead of RBA minutes on Tuesday

US: NY Empire State Manufacturing Index rises to 30.9 in November vs. 21.6 expected, 19.8 previous

EUR/GBP Price Analysis: Bullish flag spotted, 0.8500 mark holds the key

Canada Manufacturing Sales (MoM) meets expectations (-3%) in September

Canada Wholesale Sales (MoM) below forecasts (1.1%) in September: Actual (1%)

United States NY Empire State Manufacturing Index above forecasts (21.6) in November: Actual (30.9)

Gold Price Analysis: XAU/USD probing multi-month highs at $1870 amid bullish bank calls

USD/RUB to surge higher towards the 78.04 April peak on a break above 73.55/91 – Commerzbank

USD/JPY remains confined in a range below 114.00 mark

EUR/USD starts week subdued at 1.1450 level as traders eye upcoming US data, Fed speak, Fed chair nomination

Brexit: UK PM Johnson's spokesman says they aim to reach consensual solution to NI protocol

GBP/USD eases from three-day highs, remains below mid-1.3400s amid Brexit woes

EUR/USD Price Analysis: Further downside still in the pipeline

NZD/USD jumps to three-day highs, 0.7100 mark back in sight

ECB's Lagarde: Any tightening measure now would cause more harm than good

India Trade Deficit Government below forecasts ($19.9B) in October: Actual ($19.73B)

US Dollar Index Price Analysis: Downside looks supported around 94.50

EUR/JPY Price Analysis: Still room for extra decline

USD/TRY trades in new all-time highs, scope for the 10.6444/11.0400 zone – Commerzbank

Silver Price Analysis: XAG/USD seems poised to test $25.55-60 area

GBP/USD to grind higher towards 1.35 on robust employment and CPI data – SocGen

ECB’s Lagarde: Conditions for a rate hike very unlikely to be met in 2022

European Monetary Union Trade Balance s.a. declined to €6.1B in September from previous €11.1B

European Monetary Union Trade Balance n.s.a. registered at €7.3B above expectations (€6.5B) in September

Gold Price Forecast: XAU/USD still targets $1,884 amid looming inflation fears – Confluence Detector

USD/MXN: Upside to persist towards the 21.60 mark – SocGen

GBP/JPY surrenders intraday gains, flirts with daily lows around 152.80-85

USD/RUB to extend its gains on a break above the 73.25/73.65 resistance zone – SocGen

EUR/SEK to resume its decline on failure at 10.10 – SocGen

WTI testing bullish commitments around $79, downside remains favored

EUR/USD remains under pressure near 1.1440 ahead of ECB

AUD/USD clings to gains near three-day highs, around mid-0.7300s

GBP/USD holds steady above 1.3400 mark, lacks follow-through

Sweden Consumer Price Index (YoY) above forecasts (2.7%) in October: Actual (2.8%)

Sweden Consumer Price Index (MoM) came in at 0.2%, above expectations (0%) in October

UAE Energy Minister: No risk of demand destruction with the current prices

EUR/USD: Risks remain titled to downside – MUFG

FX option expiries for November 15 NY cut

GBP/USD set to plummet towards 1.30 over the next months – Citibank

Turkey Budget Balance up to -17.41B in October from previous -23.59B

USD/CAD trades with modest losses around 1.2530-25 region

GBP/USD to target 1.3500 if buyers manage to flip 1.3440 into support

US Dollar Index corrects lower and retests 95.00

Gold Price Forecast: XAU/USD set to challenge the $1,900 level

EUR/USD to drop towards 1.1366 after a brief relief – Commerzbank

Natural Gas Futures: Rebound likely near term

Norway Trade Balance rose from previous 53.7B to 84.5B in October

Japan’s Industry Minister: Stimulus package will include plan to urgently strengthen chip industry

Gold Price Forecast: XAU/USD to keep its status as a desired asset

USD/JPY struggles for direction, consolidates in a range below 114.00 mark

Crude Oil Futures: Scope for further correction

India WPI Inflation came in at 12.54%, above expectations (10.9%) in October

Oman Energy Minister: OPEC+ not concerned about possible US SPR release

Gold Futures: Further upside stays on the cards

Forex Today: Dollar corrects from 2021 highs, risk mood improves to start the week

NZD/USD recovers previous week's losses, trades around 0.7050

USD/CHF: Options market fades bullish bias

USD/IDR Price News: Rupiah struggles to cheer upbeat Indonesia trade data near $14,200

Japan-US to resolve issue over US “section 232” tariffs on steel and aluminium imports

AUD/USD Price Analysis: Seesaws around 100-HMA on the way to 0.7360

EUR/USD: Corrective pullback eyes 1.1485 amid softer USD

BOJ’ Kuroda: Important for forex to move stably reflecting economic fundamentals

GBP/USD trades above 1.3400, eyes on BOE rate hike clues

Indonesia Trade Balance rose from previous $4.37B to $5.74B in October

Indonesia Imports increased to 51.06% in October from previous 40.31%

Australia better be prepared to sacrifice for Taiwan island and the US – Global Times

Japan Industrial Production (YoY) unchanged at -2.3% in September

Asian Stock Market: Grinds higher amid firmer China data, Sino-American headlines

Japan Industrial Production (MoM) unchanged at -5.4% in September

Japan Capacity Utilization fell from previous -3.9% to -7.3% in September

USD/INR Price Analysis: Inverse H&S keeps Indian rupee bears hopeful near 74.40

Indonesia Exports: 53.35% (October) vs 47.64%

Indonesia Imports remains at 40.31% in October

Gold Price Forecast: XAU/USD steps back from $1,870 resistance despite softer yields

US-China Business Council urges tariffs cuts amid rising inflation, ahead of Biden-Xi meet

Gold Price Forecast: XAU/USD eyes $1,980 on a break above $1,875 – Societe Generale

Fed unlikely to hike rates until 2023 – Morgan Stanley

AUD/JPY trades around 83.50, RBA Ellis speech eyed

US Pres. Biden and China’s Pres. Xi to tackle Taiwan and nuclear build-up – Financial Times

USD/CNH stays depressed below $6.38 on firmer China statistics, PBOC moves

Commodities. Daily history for Friday, November 12, 2021

BOJ’s Kuroda: Don't see China’s property sector woes to trigger huge global shock

GBP/JPY Price Analysis: Bulls need a break of 153.80

China’s NBS: Economy maintained steady recovery in October

AUD/USD: Bulls keep reins around 0.7350 on upbeat China data

China’s Retail Sales unexpectedly rise 4.9% YoY vs. 3.5% expected, AUD/USD tests highs

China Fixed Asset Investment (YTD) (YoY) registered at 6.1%, below expectations (6.2%) in October

China Industrial Production (YoY) above expectations (3%) in October: Actual (3.5%)

China Retail Sales (YoY) above expectations (3.5%) in October: Actual (4.9%)

PBOC issues CNY1 trillion via one-year MLF at 2.95%

WTI bears eye $79.00 amid four-day downtrend, US SPR talks in focus

China House Price Index fell from previous 3.8% to 3.4% in October

Schedule for today, Monday, November 15, 2021

Silver Price Analysis: XAG/USD eases towards $25.00 on Friday’s hanging man below 200-DMA

USD/CNY fix: 6.3896 vs. last close 6.3785

BoJ gov Kuroda: Japan's consumer inflation likely to gradually accelerate to around 1% toward mid-next year

AUD/NZD Price Analysis: Bulls drift into resistance, eyes on the downside

US Dollar Index stays defensive above 95.00 amid softer yields

Japan's Daishiro Yamagiwa: Economy is expected to pick up ahead due to global

South Korea Import Price Growth (YoY) rose from previous 35.8% to 37.7%

South Korea Export Price Growth (YoY) down to 24.1% from previous 25.3%

AUD/USD Price Analysis: Bulls need validation from 0.7355, China data eyed

South Korea Import Price Growth (YoY) unchanged at 35.8%

South Korea Export Price Growth (YoY) remains unchanged at 25.3%

Currencies. Daily history for Friday, November 12, 2021

United Kingdom Rightmove House Price Index (YoY) declined to 6.3% in November from previous 6.5%

New Zealand Business NZ PSI dipped from previous 46.9 to 44.6 in October

United Kingdom Rightmove House Price Index (MoM) fell from previous 1.8% to -0.6% in November

Japan's GDP translated into a quarterly drop of 0.8%

The yield curve remains an important driver of GBP/USD – Morgan Stanley

Japan Gross Domestic Product Annualized registered at -3%, below expectations (-0.8%) in 3Q

Japan Gross Domestic Product Deflator (YoY) unchanged at -1.1% in 3Q

USD/JPY persistent around 114.00 level, Japan's GDP data, US Retail Sales figure awaited

Japan Gross Domestic Product Annualized below expectations (-0.8%) in 3Q: Actual (-1.1%)

Japan Gross Domestic Product (QoQ) registered at -0.8%, below expectations (-0.2%) in 3Q

USD/CAD Price Analysis: Pulls back from 61.8% Fibo. as MACD teases bears

GBP/USD struggles to defend 1.3400 on Brexit fears, sluggish markets

Gold Price Forecast: Bears could be looking to dip the toe in daily resistance

EUR/USD Price Analysis: Friday’s Doji probes bears near 1.1450

NZD/USD seesaws around 0.7050 ahead of China Retail Sales, Industrial Production

Fed’s Kashkari accepts inflation causing pain right now but expects it to be temporary

New Zealand Visitor Arrivals (YoY): -58.1% (September) vs previous -44%

US Treasury Sec. Yellen: Cause of this inflation is the pandemic

AUD/JPY Price Analysis: Rebound from 50-day EMA eyes monthly resistance

AUD/USD bulls eye the 61.8% golden ratio for the week ahead