EMEA Insights

November 05, 2026

EUR/GBP, GBP/USD flows - sharper pivot from BoE, now more on board likely follow up

November 5, 2026 12:33 PM UTC

BoE headlines somewhat more hawkish than previously signalled, or at least more of a pivot towards accepting likely follow up given the headline inflation overshoot
Provisos over premia, not expecting an inevitably long sequence, but also more resigned to some further adjustment, as growth has also h

Chart EUR/CHF Update: Range extension - background under pressure

November 5, 2026 11:12 AM UTC

The test of congestion resistance at 0.9200 has given way to further consolidation

Tanzania Country Risk Rating

November 5, 2026 11:00 AM UTC

Overall risk in Taiwan remains at a medium-high rating.

Europe Summary and Highlights 5 Nov

November 5, 2026 10:53 AM UTC

Chips/AI and tech remain the dual focal points
European morning settles the big initial wide bar moves yesterday
NOK/SEK bounce out of soft Swedish CPI, and Norges Bank
BoE next up

Norges Bank: Holds Rates - Signals it is Prepared to Hike if Needed

November 5, 2026 10:20 AM UTC

Norges Bank kept rates unchanged at 4.5% but kept open the possibility of further policy tightening should inflation remain high. The market does not expect any more hikes and neither do we.

Norges Bank: Holds Rates - Signals it is Prepared to Hike if Needed

November 5, 2026 10:20 AM UTC

Norges Bank kept rates unchanged at 4.5% but kept open the possibility of further policy tightening should inflation remain high. The market does not expect any more hikes and neither do we.

FX Daily Strategy: N America, Nov 5

November 5, 2026 9:58 AM UTC

Dust settles on midterm, chaos avoided, mkt focus on implications for oil and tech
BoE hike a done deal, but build up suggests a 'dovish hike' relative to mkt

Chart USD/CHF Update: Consolidating - room for lower

November 5, 2026 9:12 AM UTC

Little change, as prices extend cautious/choppy trade around congestion support at 0.8150

Chart EUR/GBP Update: Further consolidation

November 5, 2026 9:06 AM UTC

Little change, as prices extend cautious trade within the 0.8333 - 0.8365 range

Chart USD Index DXY Update: Pressuring support

November 5, 2026 9:01 AM UTC

Little change, as prices extend cautious trade within support at the 101.30 Fibonacci retracement and the 101.50 break level

Chart EUR/USD Update: Balanced beneath resistance - background studies rising

November 5, 2026 8:34 AM UTC

Little change, as the retest of resistance within congestion around 1.1250 and the 1.1270 weekly high of 16 October gives way to further choppy trade beneath here

Chart GBP/USD Update: Pressuring resistance - background studies continue to rise

November 5, 2026 8:27 AM UTC

Little change, as the anticipated test of resistance at the 1.3470 Fibonacci retracement and congestion around 1.3500 gives way to consolidation

EUR/USD, EUR/GBP flows - twin themes continue, BoE up next

November 5, 2026 7:39 AM UTC

Oil reset, chip pressure remain two of the big themes out of the election
FX still biased towards position corrections
BoE up next, relatively dovish (or non-hawkish) hike expected

Weekly Chart USD/JPY Update: Choppy around 158.00, room for lower later

November 5, 2026 7:27 AM UTC

Extending choppy trade around the 158.00 level as prices settled back from the 158.75 high

FX Daily Strategy: Europe, Nov 5

November 5, 2026 5:00 AM UTC

Dust settles on midterm, chaos avoided, mkt focus on implications for oil and tech
BoE hike a done deal, but build up suggests a 'dovish hike' relative to mkt

Chart GBP/USD Update: Room to extend gains

November 5, 2026 2:05 AM UTC

Break above the 200-day MA at 1.3420 has seen extension to reach strong resistance at the 1.3475/1.3500 area

Chart EUR/USD Update: Room to extend gains

November 5, 2026 1:52 AM UTC

Break above the 1.1200 level has seen prices extending bounce from the 1.1105 current year low to reach 1.1275 resistance

Chart EUR/JPY Update: Consolidating below 178.00

November 5, 2026 1:20 AM UTC

No follow-through on break above the 178.00 level as prices settled back from test of 178.50 high

November 04, 2026

Chart USD/CAD Update: Choppy trade - studies under pressure

November 4, 2026 4:45 PM UTC

The anticipated break above congestion resistance at 1.4000 has proven shallow

FX Daily Strategy: Asia, Nov 5

November 4, 2026 4:06 PM UTC

Dust settles on midterm, chaos avoided, mkt focus on implications for oil and tech
BoE hike a done deal, but build up suggests a 'dovish hike' relative to mkt

U.S. October ISM Services - Detail on the weak side

November 4, 2026 3:09 PM UTC

October’s ISM services index of 54.5 is down from 54.9 and a second straight slowing, though still comfortably within this year’s range.

Weekly Chart GBP/USD Update: Extending gains

November 4, 2026 2:56 PM UTC

Choppy trade has given way to a sharp bounce from congestion support at 1.3300

Chart EUR/JPY Update: Higher in both EUR- and JPY-driven trade

November 4, 2026 2:12 PM UTC

Cautious trade has given way to a sharp EUR- and JPY-driven break higher

U.S. September trade deficit narrows marginally but wider in real terms

November 4, 2026 1:51 PM UTC

September’s trade deficit of $105.0bn from $105.9bn surprisingly narrowed marginally from August despite a wider advance goods deficit released earlier. Still, the data confirms a sharp deterioration in the trade balance in Q3.

U.S. October ADP Employment - Hints at upside payroll risk

November 4, 2026 1:30 PM UTC

October’s ADP estimate of private sector employment of 86k is on the firm side of expectations and exactly matches September’s (revised from 90k) so the data is presumably reasonably representative of trend. The number is stronger than our payroll forecast of 45k private, 50k overall.