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NZD/USD recovers some lost ground above 0.5650 despite a weak New Zealand jobs report
The NZD/USD pair recovers some lost ground to near 0.5665, snapping the five-day losing streak during the early Asian session on Thursday. Nonetheless, the potential upside for the New Zealand Dollar (NZD) might be limited after the country’s Unemployment Rate rose to the highest level since 2016.
Fxstreet
Thu, Nov 6
GBP/JPY Price Forecast: Rebounds above 201.00 but upside limited
The GBP/JPY shows signs of recovery on Wednesday, trades above the 50-day Simple Moving Average (SMA) of 200.97, after hitting a daily low of 199.61 earlier in the session. At the time of writing, the pair trades at 201.10, up 0.53%.
Fxstreet
Wed, Nov 5
EUR/USD steadies near 1.15 as traders scale back Fed rate-cut bets
EUR/USD consolidates at around 1.1480 on Wednesday, snapping five days of losses after economic data in the US prompted investors to grow less confident about a rate cut by the Federal Reserve (Fed) at the December meeting. At the time of writing, the pair trades unchanged at 1.1484.
Fxstreet
Wed, Nov 5
NZD/USD rises slightly on China tariff relief amid weak NZ labor market
NZD/USD recovers on Wednesday, trading around 0.5660 at the time of writing, supported by improving global trade sentiment after China announced it would suspend part of its tariffs on US agricultural goods starting November 10.Fxstreet
Wed, Nov 5
GBP/USD steadies after sharp drop as Reeves’ tax warning sparks fiscal jitters
The GBP/USD holds firm on Wednesday following Tuesday’s 0.90% losses due to UK’s finance minister Rachel Reeves saying that she could raise taxes to meet her fiscal rules. The pair trades at 1.3028 virtually unchanged.Fxstreet
Wed, Nov 5
USD/CHF steady around 0.8100 as US data offset by shutdown gloom
USD/CHF trades around 0.8100 on Wednesday at the time of writing, virtually unchanged on the day after pulling back from a three-month high of 0.8124 hit earlier as data from the United States (US) supports the US Dollar (USD).
Fxstreet
Wed, Nov 5
USD/JPY seen range-bound between 153–154 – Scotiabank
The Japanese Yen (JPY) steadied after early strength, with sentiment and equity performance remaining key drivers as USD/JPY holds within a narrow 153–154 range, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.Fxstreet
Wed, Nov 5
GBP/USD is trading quietly above 1.30 – Scotiabank
The Pound Sterling (GBP) is also quietly consolidating in a tight range just above the psychologically important 1.30 level and finding some modest support following the release of slightly better than expected final services and composite PMI’s (printing marginally above expectations in the low 50sFxstreet
Wed, Nov 5
GBP/JPY rebounds as BoE decision looms; BoJ minutes hint at gradual tightening
The British Pound (GBP) rebounds against the Japanese Yen (JPY) on Wednesday, recovering from a sharp sell-off the previous day that followed UK Chancellor Rachel Reeves’ pre-budget speech. The announcement sparked heavy selling in Sterling, pushing GBP/JPY to nearly one-month lows on Tuesday.Fxstreet
Wed, Nov 5
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