Europe Summary and Highlights 23 Oct

October 23, 2026 9:59 AM UTC

French PMI weakness weighs, though 1.12~ consolidation still sticky
UK retail sales weakness balanced by firmer PMI
Japan CPI confirmed higher, projection seen lifted

Chart USD/CHF Update: Limited tests higher

October 23, 2026 8:30 AM UTC

Choppy trade above congestion support at 0.8200 is giving way to a bounce

Chart EUR/GBP Update: Extending consolidation above strong support - background under pressure

October 23, 2026 8:19 AM UTC

Little change, as prices extend cautious trade around strong support at the 0.8370 fresh year low of 22 October and the 0.8375 multi-month Fibonacci retracement

Chart USD Index DXY Update: Edging higher in range

October 23, 2026 8:02 AM UTC

Consolidation at support within the 101.50 range highs and the 101.58 weekly low of 16 October is giving way to a bounce

EUR/USD, EUR/GBP flows - PMI keeps France in the headlines

October 23, 2026 7:43 AM UTC

Weakening in PMIs, with France dropping well below 50
Adds to current headaches, and puts core bond and ECB pricing in focus

Chart EUR/USD Update: Leaning lower

October 23, 2026 7:41 AM UTC

Cautious trade has given way to a minor drift lower

Chart GBP/USD Update: Turning away from strong resistance at 1.3400/05

October 23, 2026 7:28 AM UTC

Consolidation around strong resistance at congestion around 1.3400 and the 1.3405 Fibonacci retracement has given way to a pullback

EUR/USD, USD/JPY, EUR/GBP flows - CPI, retail sales, Moody's

October 23, 2026 7:10 AM UTC

Quiet session. Japan CPI confirmed as nudging through target
GBP off a fraction out of soft retail sales data, choppy data but some slowdown hinted
Moody's France review after the close, further front running seen yesterday

Weekly Chart USD/JPY Update: Retracing the September rally

October 23, 2026 7:10 AM UTC

Consolidation within the 158.50/157.00 area has given way to sharp losses to retest support at the 156.50/156.00 area

Chart AUD/NZD Update: Consolidating above 1.2270 low

October 23, 2026 6:35 AM UTC

Little change, as prices extend consolidation above 1.2315 support following bounce from the 1.2270 low

Chart USD/IDR Updates: Still limited above the 18000 level

October 23, 2026 4:54 AM UTC

Back above the 18000 level has seen gains to reach 18050 intraday high

Chart USD/CNH Update: Leaning lower

October 23, 2026 3:04 AM UTC

Pressure remains on the downside but bearish momentum slows as prices extend deep into oversold areas on intraday and daily chart

Chart USD/MYR Update: Extend consolidation above 4.0750 support

October 23, 2026 2:52 AM UTC

Little change, as prices extend consolidation above support at the 4.0750 congestion

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

October 23, 2026 2:05 AM UTC

Little change, as prices holds steady above the 1.2750 congestion to consolidate sharp losses from the 1.2872 high of last week

Chart GBP/USD Update: Pressuring the 1.3400 level

October 23, 2026 1:54 AM UTC

Still limited above the 1.3400 level but pressure remains on the upside 

Chart EUR/USD Update: Consolidating below 1.1275 resistance

October 23, 2026 1:47 AM UTC

Little change, as prices extend consolidation below the 1.1275 resistance

Chart EUR/JPY Update: Extension to fresh year low at 175.42/30 support

October 23, 2026 1:19 AM UTC

Consolidation below the 178.00 level has given way to sharp break lower through the 177.00 congestion and 176.20, 5 October low

Chart USD/JPY Update: Retest 156.50/156.00 support

October 23, 2026 12:56 AM UTC

Choppy trade around the 158.00 level has given way to break of the 157.50 support to see sharp drop to retest the 156.50/.156.00

Chart NZD/USD Update: Consolidating at .5710 high, room for higher later

October 23, 2026 12:39 AM UTC

No follow-through on break above the .5700 level as prices settled back to unwind overbought intraday studies

Chart AUD/USD Update: Consolidating

October 23, 2026 12:24 AM UTC

Settled back from the .7036 high as prices consolidate strong gains from the .6900 double bottom and unwind overbought intraday studies