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USD/JPY: Scope to move lower to 153.00 – UOB Group
There is scope for US Dollar (USD) to move lower to 153.00; based on the current momentum, it is unlikely to break clearly below this level. In the longer run, USD appears to have entered a 152.40/154.40 range-trading phase, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Wed, Nov 5
NZD/USD: The support at 0.5600 is unlikely to come under threat – UOB Group
Outsized drop appears to be overdone, but New Zealand Dollar (NZD) could test 0.5620. The next support at 0.5600 is unlikely to come under threat. In the longer run, downward pressure has increased; NZD could weaken to 0.5600 next, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Wed, Nov 5
GBP: Reeves signals tough budget or plays politics? – MUFG
The Pound Sterling (GBP) was for much of yesterday the worst performing G10 currency although it ended the day third worst as Gilt yields initially gapped lower on the open before modestly recovering in response to the early morning speech by Chancellor Reeves.
USD/CAD Price Forecast: Hits fresh seven-month highs above 1.4100
USD/CAD continues its winning streak for the fifth consecutive day, trading around 1.4110 during the European hours on Wednesday. The technical analysis of the daily chart indicates a persistent bullish bias, with the pair moving upwards within the ascending channel pattern.
Fxstreet
Wed, Nov 5
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