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CAD: October CPI figures will be important - ING
Canada releases inflation figures for October today. Expectations are for a rebound in headline CPI to 1.9% YoY while core measures are seen stabilising around 2.4%, ING's FX analyst Francesco Pesole notes.
RBA minutes reveal little new - Commerzbank
Last night, the Reserve Bank of Australia released the minutes of its latest meeting, which took place on the day of the US presidential election, Commerzbank's FX analyst Volkmar Baur notes.
EUR: Brief reprieve after some hawkish comments - ING
EUR/USD is enjoying a brief correction as some of the ECB hawks speculate over whether global fragmentation (i.e.
Trump to continue weighing on the Euro - Commerzbank
Over the course of the week, there will be few data releases from the euro zone, except for the purchasing managers' indices on Friday.
Kremlin: Use of Western missiles by Ukraine against Russia could lead to nuclear response
Speaking at a news briefing on Tuesday, Kremlin spokesperson Dmitry Peskov warned that the use of Western non-nuclear missiles by the Ukraine against the Russian Federation under the new doctrine could lead to a nuclear response.
EUR/USD faces pressure as ECB officials worry about Eurozone economic growth
EUR/USD struggles to extend Monday's recovery above the immediate resistance of 1.0600 and edges lower in Tuesday's European session.
USD: Some well deserved consolidation - ING
FX markets are seeing some well-deserved consolidation after a volatile few weeks.
USD/JPY: Pullback in USD can extend to 153.20 - UOB Group
The US Dollar (USD) could trade in a choppy manner, likely between 153.80 and 155.10.
USD/SGD: Corrective pullback - OCBC
USD/SGD continued to trade lower, amid broad US Dollar (USD) pullback.
NZD/USD: 0.5775 is probably out of reach - UOB Group
The New Zealand Dollar (NZD) is likely to trade in a 0.5860/0.5910 range.
AUD/USD Price Forecast: Holds position around 0.6500, next barrier appears at nine-day EMA
AUD/USD halts two days of gains, trading around 0.6500 during the European hours on Tuesday.
EUR/USD: Short squeeze - OCBC
The Euro (EUR) rebounded as US Dollar (USD) bulls paused. Pair was last at 1.0575 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Canada CPI expected to rise 1.9% in October, bolstering BoC to further ease policy
Statistics Canada is gearing up to release its latest inflation report for October, tracked by the Consumer Price Index (CPI), on Tuesday.
AUD/USD: Above 0.6520, AUD to stop weakening further - UOB Group
The Australian Dollar (AUD) is expected to trade in a range between 0.6470 and 0.6520.
USD/JPY: Downside risks - OCBC
USD/JPY saw choppy trades over the last 24 hours. USD/JPY was last at 153.61, OCBC's FX analysts Frances Cheung and Christopher Wong note.
USD/CAD trades with positive bias above 1.4000, looks to Canadian CPI for fresh impetus
The USD/CAD pair finds some support near the 1.4000 psychological mark on Tuesday and for now, seems to have stalled its retracement slide from the highest level since May 2020.
GBP/USD: Likely to continue to weaken to 1.2565 - UOB Group
The Pound Sterling (GBP) is expected to trade in a 1.2625/1.2705 range.
DXY: Corrective pullback - OCBC
The US Dollar (USD) eased overnight in line with our earlier caution for risks of technical pullback.
EUR/USD: Likely to trade in a 1.0560/1.0610 range - UOB Group
Instead of continuing to rise, the Euro (EUR) is likely to trade in a 1.0560/1.0610 range.
GBP/JPY depreciates to near 195.50 ahead of the BoE Monetary Policy Report Hearings
The GBP/JPY cross retraces its recent gains, trading near 195.50 during European hours.
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