Continuum Economics

November 28, 2025

Chart USD/IDR Updates: Extending losses

November 28, 2025 3:55 AM UTC

Under pressure as prices extend pullback from the 16760 high and unwind overbought daily and weekly studies

Chart USD/CNH Update: Consolidating, room for lower later

November 28, 2025 2:40 AM UTC

Consolidating break to fresh year low at 7.0700 as prices unwind the stretched intraday and daily studies

Chart USD/THB Update: Still heavy, room to 32.10/32.00

November 28, 2025 2:30 AM UTC

Steadied at the 32.20 low as prices unwind oversold intraday studies

Chart USD/KRW Update: Under pressure

November 28, 2025 2:24 AM UTC

Consolidation around the 1470.00 level has given way to renewed selling pressure to extend pullback from the 1480.00 high

Chart USD/SGD Update: Consolidating, room for lower later

November 28, 2025 2:17 AM UTC

Steadied at the 1.2950 support as prices consolidate pullback from the 1.3100 resistance

Chart GBP/USD Update: Consolidating, room for higher later

November 28, 2025 1:42 AM UTC

Still shy of the 1.3300 level as prices consolidate bounce from the 1.3038 low of last week

Chart EUR/USD Update: Room to extend bounce from 1.1500 support

November 28, 2025 1:22 AM UTC

Struggling to regain the 1.1600 level following bounce from the 1.1500 support

USD/JPY flows: Tokyo Headline CPI 2.7% y/y

November 28, 2025 1:06 AM UTC

Tokyo CPI Headline 2.7% y/y for November

Chart EUR/JPY Update: Consolidating within 182.00/180.00 area

November 28, 2025 12:48 AM UTC

Edging higher in consolidation from the 179.77 low of last Friday to approach intraday congestion at 181.50

Chart USD/JPY Update: Consolidating above 156.00, room for lower later

November 28, 2025 12:30 AM UTC

No follow-through on break of the 156.00 level as prices consolidate pullback from the 157.90 high of last week

Chart AUD/USD Update: Poised for further gains

November 28, 2025 12:20 AM UTC

Break above resistance at the .6500/20 area seeing gains to approach the .6550 resistance and trendline from the September high

Asia Open - Overnight Highlights

November 28, 2025 12:16 AM UTC

EMERGING ASIA
EM currencies are trading mostly stronger against the greenback with the U.S. observing their holiday. The biggest winners are KRW 0.43%, followed by PHP 0.13%, MYR 0.12%, IDR 0.11%, TWD 0.04% and SGD 0.02%; while the biggest losers are CNH 0.08%, CNY 0.05%, INR 0.04% and HKD 0.01%.
USD/

November 27, 2025

FX Daily Strategy: Asia, November 28th

November 27, 2025 10:00 PM UTC

EUR data likely to have minimal impact
Risk positive tone may fade, reducing USD and JPY weakness
AUD retains upside scope
GBP post-Budget strength looks flimsily based

Turkiye GDP Growth Preview: Economy will Expand by Around 4% in Q3

November 27, 2025 4:22 PM UTC

Bottom Line: Turkish Statistical Institute (TUIK) will announce Q3 GDP growth on December 1 and we expect that Turkish economy will expand around 4.0% YoY backed by investments, strong construction and industry activities in Q3. Of course, growth figure could hit below our expectations due to the we

FX Daily Strategy: APAC, November 28th

November 27, 2025 4:15 PM UTC

EUR data likely to have minimal impact
Risk positive tone may fade, reducing USD and JPY weakness
AUD retains upside scope
GBP post-Budget strength looks flimsily based

USMCA Renegotiation: Hostage To Trump

November 27, 2025 2:55 PM UTC

• Trump could decide to go on an early offensive over the July 2026 USMCA review or could wait until after the November congressional elections to act tough given it could cause new cost of living fears for U.S. voters. This could mean that at times the USMCA negotiations are upsetting fo

ECB: Financial Stability Review Less Complacent than Council?

November 27, 2025 1:36 PM UTC

The ECB is clearly split about whether policy has troughed or not, this mainly a result of differences within the Council as to where inflation risks lie. Regardless, as the account of the Oct 29-30 Council meeting chimed with comments from the meeting’s press conference, it does seem to us as i

Europe Summary and Highlights 27 November

November 27, 2025 11:25 AM UTC

The USD edged slightly higher through the European morning, gaining less than 0.1% against the EUR and JPY and about 0.1% against GBP and CHF, which were the weakest currencies on the morning.

Psychology for major markets Nov 27

November 27, 2025 11:15 AM UTC

Rising Fed easing hopes supporting riskier currencies and equities

FX Daily Strategy: N America, November 27th

November 27, 2025 9:55 AM UTC

EUR data likely to have minimal impact
Risk positive tone may fade, reducing USD and JPY weakness
AUD retains upside scope
GBP post-Budget strength looks flimsily based

Chart EUR/CHF Update: Consolidating, room for higher later

November 27, 2025 8:39 AM UTC

Little change, as prices settled back in range from the .9350 resistance to consolidate gains from the .9180 low

Chart USD/CAD Update: Extending pullback from 1.4130/40 highs

November 27, 2025 8:14 AM UTC

Consolidation at the 1.4100 level has given way to break of the 1.4080 support to open up room for deeper pullback

AUD, JPY, GBP flows: AUD and JPY look value based on yields, GBP gains on Budget unreliable

November 27, 2025 7:52 AM UTC

AUD and JPY represent value based on yield spreads. GBP gains on UK Budget reflect improved forecasts rather than positive measures

Chart EUR/GBP Update: Extending pullback from .8865 high

November 27, 2025 7:31 AM UTC

Consolidation around the .8800 level has given way to selling pressure to extend pullback from the .8865 high

Chart USD/CHF Update: Settled back from test of .8100 level

November 27, 2025 7:10 AM UTC

Settled back from test of the .8100 level to keep prices confined within the broad .7900/.8100 range area