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GBP/USD holds near 1.3160 as traders wait for NFP and UK CPI
The Pound Sterling is steady on Tuesday as traders shift worried about the economic outlook in the US and market participants eyeing crucial NVIDIA earnings for Q3, keeping US equity markets in the red. The GBP/USD trades at 1.3156 virtually unchanged.
GBP/USD
Fxstreet
Tue, Nov 18
USD/CAD declines amid softer Canadian inflation, mixed US economic signals
USD/CAD edges lower on Tuesday, trading around 1.4015, down 0.25% at the time of writing. The pair consolidates after hitting a one-week high, with mixed but generally supportive fundamentals keeping downside pressure contained.
USD/CAD
Fxstreet
Tue, Nov 18
GBP/JPY holds near five-week highs amid Yen softness, UK CPI in focus
The British Pound strengthens against the Japanese Yen on Tuesday as the Yen remains under pressure amid Japan’s expansionary fiscal plans and the Bank of Japan’s (BoJ) cautious approach to policy tightening.
GBP/JPY
Fxstreet
Tue, Nov 18
EUR/GBP recovery stalls below 0.8820 with UK CPI on sight
The Euro is trading practically flat against the Pound Sterling on Tuesday. The pair’s recovery attempt from Monday’s lows at 0.8795 has stalled below the 0.8715-0.8720 area with investors wary of risk, awaiting the release of UK Consumer Prices Index (CPI) figures, due on Wednesday.
EUR/GBP
Fxstreet
Tue, Nov 18
USD/JPY climbs as BoJ dovishness weighs on Yen, US data in focus
USD/JPY trades around 155.40 on Tuesday at the time of writing, up 0.10% on the day and reaching a fresh ten-month high.
USD/JPY
Fxstreet
Tue, Nov 18
USD/CAD holds above key 1.4000 support – BBH
USD/CAD remains above 1.4000 as Canada’s core inflation prints persistently above the 2% target, supporting the Bank of Canada’s guidance that policy easing may be over. Markets now price steady rates at 2.25% over the next year, limiting further CAD weakness, BBH FX analysts report.
USD/CAD
Fxstreet
Tue, Nov 18
AUD/USD bounces toward 0.6500 after 200-DMA test – BBH
AUD/USD bounced back towards 0.6500 after testing support near its 200-day moving average (0.6458). The global equity market correction is weighing on AUD. The RBA Minutes of the November 4 meeting highlighted scenarios that could guide future policy decisions.
AUD/USD
Fxstreet
Tue, Nov 18
Finance minister voices concern over Yen volatility – BBH
USD/JPY surged to a 9½-month peak near 155.40 despite warnings from Japan’s Finance Minister over excessive yen moves.
USD/JPY
Fxstreet
Tue, Nov 18
USD/JPY: Room for USD to test 155.55 – UOB Group
There is room for US Dollar (USD) to test 155.55; it is unclear whether USD can break clearly above this level.
USD/JPY
Fxstreet
Tue, Nov 18
USD/CHF Price Forecast: Extends winning streak for third trading day
The USD/CHF pair extends its winning streak for the third trading day on Tuesday. The Swiss Franc pair rises to near 0.7972 as the US Dollar (USD) gains amid receding hopes that the Federal Reserve (Fed) could cut interest rates again this year.
USD/CHF
Fxstreet
Tue, Nov 18
EUR/JPY steady below 180.00 as BoJ dovishness, Eurozone resilience persist
EUR/JPY trades around 179.90 on Tuesday at the time of writing, virtually unchanged on the day, as the cross continues to consolidate just beneath the psychological 180.00 level.
EUR/JPY
Fxstreet
Tue, Nov 18
NZD/USD: Expected to edge lower to 0.5635 – UOB Group
New Zealand Dollar (NZD) is expected to edge lower to 0.5635; the major support at 0.5605 is not expected to come under threat. In the longer run, no change in view; NZD is likely to trade in a range between 0.5605 and 0.5695, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
NZD/USD
Fxstreet
Tue, Nov 18
AUD/USD: Major support at 0.6460 seems out of reach for now – UOB Group
There is a chance for Australian Dollar (AUD) to drop further, but the major support at 0.6460 could be out of reach for now. In the longer run, AUD is likely to trade with a downward bias toward 0.6460, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
AUD/USD
Fxstreet
Tue, Nov 18
GBP/USD: Upward momentum is starting to slow – UOB Group
Pound Sterling (GBP) is expected to trade between 1.3125 and 1.3185. In the longer run, upward momentum is starting to slow; a breach of 1.3105 would indicate that GBP is likely to range-trade, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
GBP/USD
Fxstreet
Tue, Nov 18
AUD/USD recovers to 0.6500 as hawkish RBA minutes boost Australian Dollar
The AUD/USD pair recovers its early losses and rises mildly to near 0.6500 during the European trading session on Tuesday. The Aussie pair pares losses as the Australian Dollar (AUD) strengthens, following the release of the Reserve Bank of Australia (RBA) minutes for the November policy meeting.
AUD/USD
Fxstreet
Tue, Nov 18
EUR/USD trims losses amid US Dollar's weakness in risk-off markets
EUR/USD recovers some of the last two days' losses, trading around 1.1600 at the time of writing on Tuesday after hitting lows at 1.1585.
EUR/USD
Fxstreet
Tue, Nov 18
JPY: Missing out on equity sell-off – ING
The equity sell-off would generally set the perfect ground for a recovery in the oversold yen, but idiosyncratic factors continue to keep USD/JPY bid, ING's FX analyst Francesco Pesole notes.
USD/JPY
Fxstreet
Tue, Nov 18
EUR: Asymmetrical upside risks ahead – ING
EUR/USD is holding near the 1.160 handle ahead of key US data, with the euro’s liquidity helping it avoid a sharp hit from the equity sell-off. So far, losses in G10 FX have been mostly confined to high-beta currencies, notably AUD and NZD, ING's FX analyst Francesco Pesole notes.
EUR/USD
Fxstreet
Tue, Nov 18
Pound Sterling trades with caution as markets await UK inflation data
The Pound Sterling (GBP) trades subdued against its major currency peers, except antipodeans, on Tuesday as investors turn cautious ahead of the United Kingdom (UK) Consumer Price Index (CPI) data for October, which will be released on Wednesday.
GBP/USD
Fxstreet
Tue, Nov 18
USD/CAD Price Forecast: Hovers around 1.4050 near nine-day EMA support
USD/CAD remains stable after registering modest gains in the previous session, trading around 1.4050 during the European hours on Tuesday. The daily chart’s technical setup reflects a persisting bullish bias, with the pair continuing to trade within its ascending channel.
USD/CAD
Fxstreet
Tue, Nov 18
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