











Show:

AUD/USD declines as US Dollar firms, RBA policy meeting in focus
AUD/USD weakens on Monday, trading around 0.6530 at the time of writing, down 0.25% on the day.

Fed's Goolsbee: Not decided for what happens at next Fed meeting
Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee said on Monday that he would feel uneasy frontloading rate cuts, per Reuters.

US ISM Manufacturing PMI declines to 48.7 in October vs. 49.5 expected
The economic activity in the United States' (US) manufacturing sector continued to contract in October, with the Institute for Supply Management's (ISM) Manufacturing Purchasing Managers' Index (PMI) dropping to 48.7 from 49.1 in September.

GBP soft but steady as range holds in low 1.31 area - Scotiabank
Pound Sterling (GBP) is fractionally lower, reflecting the broader US Dollar (USD) gains versus most of its peers, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

EUR slips to low 1.15s - Scotiabank
The Euro (EUR) is tracking slightly lower versus the US Dollar (USD), with losses reflecting the broader inroads made by the USD with the support of firmer US yields, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

CAD drifts lower on wider spreads - Scotiabank
The Canadian Dollar (CAD) is a little softer on the session, pulled lower by wider US/ Canada short-term spreads. No minor lift from positive risk sentiment for the CAD this morning, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

USD firms on moderated Fed outlook - Scotiabank
The US Dollar (USD) is extending gains against the majors to start the week, building on last week's post-FOMC strength to pull the DXY above the 99.50 zone to reach its highest since August, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

GBP/JPY Price Forecast: Bulls guard 200.00 base while momentum stalls below 203.00
The British Pound (GBP) holds firm against the Japanese Yen (JPY) on Monday amid holiday-thinned trading in Japan, with investors likely to refrain from large directional bets ahead of the Bank of England (BoE) interest rate decision due on Thursday.

EUR/CHF extends advance as soft Swiss inflation revives rate-cut bets
The Euro (EUR) strengthens against the Swiss Franc (CHF) on Monday, as the Franc weakens broadly after Swiss inflation unexpectedly cooled in October. At the time of writing, EUR/CHF is trading around 0.9298, extending gains for the second consecutive day.

Canadian Dollar pressured by falling Oil, US Dollar strength
USD/CAD edges higher on Monday, up 0.20% for the day at 1.4040 at the time ot writing, but its bullish momentum appears to be fading below the 1.4050 level.

Fed's Miran: Being too data dependent makes policy too backward looking
In an interview with Bloomberg TV on Monday, Federal Reserve (Fed) Governor Stephen Miran argued that if the Fed maintains a restrictive stance of policy, it increases the chance that monetary policy will cause a downturn.

EUR/GBP Price Forecasts: Euro hesitates at 0.8770 amid bearish technical signs
The Euro extends losses below 0.8770 after rejection at 0.8785 earlier on Monday.

USD tops G10 currencies in October - Rabobank
Not only was the US Dollar (USD) the best performing G10 currency in October, but it is the best performer amongst its peers in the second half of the year.

USD/JPY: Clear break above 154.50 is unlikely - UOB Group
Upward momentum is slightly firm, and US Dollar (USD) could test 154.50; a clear break above this level is unlikely. In the longer run, sharp increase in upward momentum could lead to further USD advance toward 154.90, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

USD/CNH strengthens above 7.1200 - BBH
USD/CNH edges higher as a softer-than-expected China PMI contrasts with optimism from the US-China trade truce, supporting the yuan, BBH FX analysts report.

NZD/USD: Unlikely to be able to break below 0.5700 - UOB Group
New Zealand Dollar (NZD) could continue to edge lower, but it is unlikely to be able to break below 0.5700. In the longer run, NZD is under mild downward pressure, and could edge lower, potentially testing 0.5700, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

CHF weakens on cooler-than-expected Swiss inflation - BBH
Swiss Franc (CHF) underperforms as October inflation surprises to the downside, boosting market bets on an SNB rate cut while CHF retains safe-haven appeal, BBH FX analysts report.

Silver Price Forecast: XAG/USD wobbles around $48.70 at the start of US data-packed week
Silver price (XAG/USD) consolidates in a tight range around $48.70 during the European trading session on Monday. The white metal starts the week on a calm note as investors await a slew of United States (US) economic data releasing this week.

AUD/USD: Current price movements appear to be part of a 0.6535/0.6565 - UOB Group
The current price movements appear to be part of a 0.6535/0.6565 range-trading phase. In the longer run, AUD is likely to trade in a range between 0.6505 and 0.6610, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

GBP/USD: Likely to consolidate between 1.3110 and 1.3170 - UOB Group
Instead of continuing to decline, Pound Sterling (GBP) is more likely to consolidate between 1.3110 and 1.3170. In the longer run, the outlook for GBP remains negative, but for it to continue to decline, it must first close below 1.3100, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy