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EUR/GBP Price Forecast: Reaches crossroads after completing abc move and pulling back
EUR/GBP pulls back after peaking in the 0.8440s. On Tuesday it bounced off key support (gray dashed line) at multi-year lows and surged over a penny higher.
GBP/USD: BoE outlook less certain - Scotiabank
The Pound Sterling (GBP) is trading marginally higher while Gilts remain soft (but off earlier lows) in the wake of Wednesday's budget, Scotiabank's Chief FX Strategist Shaun Osborne notes.
EUR/USD: Spreads widen modestly - Scotiabank
EUR/USD has drifted a little lower over the course of the session so far, Scotiabank's Chief FX Strategist Shaun Osborne notes.
USD/CAD: Little changed on the day - Scotiabank
The Canadian Dollar (CAD) is unchanged on the session, holding in the low 1.39 area just below yesterday's high which marked a virtual pinpoint retest of the August spot peak, Scotiabank's Chief FX Strategist Shaun Osborne notes.
CNY: Stabilization already working - Commerzbank
This morning's Caixin PMI for the manufacturing sector surprised on the upside, pointing to a slight expansion of economic output at 50.3, after coming in at 49.3 last month.
USD mixed to firmer ahead of jobs - Scotiabank
The US Dollar (USD) is tracking a little higher ahead of the US jobs data at 8.30ET.
Silver Price Forecast: XAG/USD edges higher but remains on backfoot with US NFP in focus
Silver price (XAG/USD) adds little gains in European trading hours on Friday after plunging to near $32.50 on Thursday.
Mexican Peso edges higher, supported by resilient Q3 growth
The Mexican Peso (MXN) edges higher across its key pairs on Friday, continuing the recovery of the previous day, in part supported by the release of higher-than-expected Mexican Gross Domestic Product (GDP) growth data, which showed a 1.5% rise in the third quarter.
USD/JPY bounces up and approaches 153.00 with US employment data on focus
The positive impact of Ueda's Hawkish rhetoric after the BoJ's decision on Thursday has waned and the Yen is losing ground with the US Dollar firming up ahead of the US employment report.
GBP: Market turmoil continues - Commerzbank
After the market sent out the first warning signs of the new UK budget on Wednesday, it continued seamlessly yesterday, with UK government bond yields rising sharply and the pound depreciating.
USD/CNH: To encounter solid support at 7.1000 - UOB Group
USD could drift lower, but any decline is likely part of a lower trading range of 7.1150/7.1400.
EUR: More on the recent EUR recovery - Commerzbank
If you look at the G10 exchange rate movements since October 24 (since the publication of the euro area PMIs), it is striking that, on the one hand, the Euro has been by far the best-performing currency, but on the other hand, it has been the currency that contributed least to the volatility of G10 exchange rates, Commerzbank's Head of FX and Commodity Research Ulrich Leuchtmann notes.
USD/JPY: Enough momentum to threaten the major support at 151.05 - UOB Group
The US Dollar (USD) could drop further, but it does seem to have enough momentum to threaten the major support at 151.05.
US: A shift towards Donald Trump in the last few weeks - Commerzbank
The US Dollar (USD) has been pretty strong over the past four weeks, even if it has slowed down a bit in the last few days, Commerzbank's FX analyst Volkmar Baur notes.
USD/CHF aims to break above 0.8700 as Swiss Inflation softens further
The USD/CHF pair strives to break above the key resistance of 0.8700 in Friday's European session.
USD/CAD rally stalls below 1.3945 ahead of the US NFP release
The Dollar is trading with marginal losses against its Canadian counterpart on Friday.
US Dollar picks some bids ahead of NFP report
The US Dollar has pared some of the recent losses favoured by a cautious market mood ahead of the NFP report.
NZD/USD: Bears can test 0.5950 near term - UOB Group
The New Zealand (NZD) is likely to trade in a range between 0.5950 and 0.5990.
CEE: Poland and Hungary closed for public holiday - ING
The end of the week in the region should be quiet. The Polish and Hungarian markets are closed today and activity should be muted, ING's FX analyst Frantisek Taborsky notes.
AUD/USD: May drop below 0.6550 - UOB Group
The Australian Dollar (AUD) is expected to trade in a range between 0.6550 and 0.6600.
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