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Forex Today: Pound Sterling declines after UK jobs report, eyes on US data
Here is what you need to know on Tuesday, November 11:

EUR/GBP rises to near 0.8800 following UK jobs data, German ZEW Survey eyed
EUR/GBP rises after halting its four-day losing streak, trading around 0.8800 during the early European hours on Tuesday. The currency cross appreciates as the Pound Sterling (GBP) loses ground following the release of the United Kingdom (UK) labor market report.

Crude Oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Tuesday, early in the European session. WTI trades at $59.78 per barrel, down from Monday's close at $60.06.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $63.69 after its previous daily close at $63.96.

USD/CAD strengthens above 1.4000 as US advances shutdown deal
The USD/CAD pair gathers strength to near 1.4035 during the early European session on Tuesday. Hopes of an end to the longest government shutdown in history provide some support to the US Dollar (USD) against the Canadian Dollar (CAD).

WTI Price Forecast: Trades broadly sideways near 20-day EMA around $60.00
West Texas Intermediate (WTI), futures on NYMEX, trades 0.5% lower to near $5975 during the early European session on Tuesday. The Oil price faces pressure on oversupply worries, following the announcement from the OPEC+ that it will increase December output targets by 137,000 barrels per day.

AUD/JPY Price Forecast: Bullish outlook remains in play near 100.50 amid intervention fears
The AUD/JPY cross declines to around 100.60 during the early European session on Tuesday. The Japanese Yen (JPY) edges higher against the Japanese Yen (JPY) on verbal intervention from Japanese authorities.

USD/CHF ticks down to near 0.8045 on hopes of US-Swiss trade deal
The USD/CHF pair edges lower to near 0.8045 during the late Asian trading session on Tuesday. The Swiss Franc pair faces slight selling pressure as the Swiss Franc (CHF) outperforms its peers on hopes that the United States (US) and Switzerland will reach a trade deal soon.

When is the UK Jobs Report and how could it affect GBP/USD?
The United Kingdom (UK) docket has the labor market report to be released by the Office for National Statistics (ONS) on Tuesday, later this session at 07:00 GMT.

GBP/JPY consolidates near two-week high, above 203.00 ahead of UK jobs data
The GBP/JPY cross enters a bullish consolidation phase and holds steady above the 203.00 round figure, near a two-week peak, touched during the Asian session on Tuesday.

USD/INR trades flat at open as focus shifts to India's retail inflation data
The Indian Rupee (INR) opens on a flat note against the US Dollar (USD) on Tuesday. The USD/INR pair continues to trade sideways around 88.85 for almost a week as investors await a breakthrough in trade talks between the United States (US) and India.

US Dollar Index (DXY) holds steady above mid-99.00s; upside potential seems limited
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, holds steady above mid-99.00s through the Asian session on Tuesday, though it lacks bullish conviction.

EUR/JPY gains traction above 178.00 ahead of German/Eurozone ZEW Survey releases
The EUR/JPY cross gains ground to near 178.35 during the Asian trading hours on Tuesday. The Euro (EUR) strengthens against the Japanese Yen (JPY) on improved risk sentiment. The release of the German and Eurozone ZEW Economic Sentiment Index will be in the spotlight later on Tuesday.

EUR/USD holds losses near 1.1550 ahead of German ZEW Survey data
EUR/USD edges lower after four days of gains, trading around 1.1560 during the Asian hours on Tuesday. The pair holds losses as the US Dollar (USD) gains support amid growing hopes that the US government shutdown resolution is nearing.

Gold climbs to over two-week high as economic concerns reaffirm Fed rate cut bets
Gold (XAU/USD) is seen building on the previous day's breakout momentum above the $4,100 mark and gaining some follow-through traction for the third consecutive day on Tuesday.

Silver Price Forecast: XAG/USD rises to near $51.00 due to Fed rate cut odds
Silver price (XAG/USD) gains ground for the third consecutive session, trading around $50.90 per troy ounce during the Asian hours on Tuesday.

NZD/USD softens below 0.5650 amid hopes of US shutdown end
The NZD/USD pair loses traction near 0.5640 during the Asian trading hours on Tuesday. The New Zealand Dollar (NZD) softens against the US Dollar (USD) after the Reserve Bank of New Zealand's (RBNZ) latest monetary conditions survey.

USD/CAD rebounds toward 1.4050 as US shutdown resolution nears
USD/CAD gains ground after two days of losses, trading around 1.4030 during the Asian hours on Tuesday. The pair rises as the US Dollar (USD) gains support amid progress in the US Senate toward passing a deal to reopen the government.

US Senate passes bill to reopen federal government
The US Senate on Tuesday passed a funding bill that could end the government shutdown within days, BBC reported. The bill will head to the House of Representatives for final approval.

Japanese Yen weakens on BoJ rate hike uncertainty and US shutdown resolution hopes
The Japanese Yen (JPY) drifts lower for the third consecutive day on Tuesday and touches a fresh multi-month low against its American counterpart during the Asian session. On Monday, the Bank of Japan's (BoJ) Summary of Opinions indicated divided views on rate hikes.

Australian Dollar loses ground despite stronger Westpac Consumer Confidence
The Australian Dollar (AUD) declines against the US Dollar (USD) on Tuesday after two days of gains. The AUD/USD pair weakens as the US Dollar (USD) receives support from growing hopes for a potential deal to end the United States (US) federal government shutdown in the coming days.
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