Preview: Due November 17 - Canada October CPI - Slower if still above target

November 6, 2025 8:13 PM UTC

We expect October’s Canadian CPI to slip to 2.2% yr/yr from 2.4% in September, though this will remain above August’s 1.9% and a Bank of Canada forecast for Q4 of 2.0%. We expect modest slippage in the Bank of Canada’s core rates too, though they will remain above the 2.0% target.

U.S. Trump - Showing concern over Supreme Court tariff case

November 6, 2025 7:27 PM UTC

Yesterday's Supreme Court hearings raised the risk that they could rule against Trump's tariffs. Markets may broadly welcome any such ruling but any lost revenues would add to the budget deficit.

FX Daily Strategy: APAC, November 7th

November 6, 2025 4:44 PM UTC

CAD risks to the downside on Canadian employment
JPY benefiting from weakness in risk sentiment
GBP still vulnerable to increased rate cut expectations
Michigan sentiment might dip in response to weaker job market

Chart USD/CAD Update: Focus remains on the 1.4170 Fibonacci retracement

November 6, 2025 4:32 PM UTC

The anticipated minor pullback has bounced sharply from 1.4100 in CAD-driven trade

Preview: Due November 7 - Canada October Employment - Trend near flat despite volatility

November 6, 2025 3:04 PM UTC

Canadian employment data has been volatile in recent months, but underlying trend looks fairly flat, consistent with weak but marginally positive GDP growth. We expect October to see a decline of 5k after a strong 60.4k increase in September with unemployment unchanged at 7.1%.

Chart AUD/USD Update: Consolidating - studies under pressure

November 6, 2025 2:35 PM UTC

The anticipated minor test above congestion resistance at 0.6500 has been pushed back from 0.6520~

Chart EUR/JPY Update: Consolidating

November 6, 2025 2:17 PM UTC

Little change, as mixed intraday studies keep near-term sentiment cautious and extend consolidation around resistance at 177.00

Chart USD/JPY Update: Balanced beneath the 154.40 Fibonacci retracement - studies under pressure

November 6, 2025 2:06 PM UTC

Little change, as prices extend cautious trade beneath strong resistance at the 154.40 Fibonacci retracement

Some evidence of a subdued US labor market picture in October

November 6, 2025 2:02 PM UTC

While October’s non-farm payroll will not be released as scheduled tomorrow with September’s still absent, we are seeing some labor market signals today. A non-farm payroll estimate from Reveilo Labs shows payrolls down by 9.1k in October after a 33k rise in September (revised down from 60.1k).

Chart EUR/PLN Update: Leaning lower

November 6, 2025 12:51 PM UTC

The test of resistance at the 4.2600 break level has given way to a pullback

Chart USD/ZAR Update: Higher levels not sustained

November 6, 2025 12:39 PM UTC

The retest of strong resistance within congestion around 17.5000 and the 17.5625 Fibonacci retracement has given way to a pullback

GBP flows: GBP weaker as BoE MPC vote 5-4 for no change in rates

November 6, 2025 12:13 PM UTC

GBP lower after 4 MPC members vote for a rate cut. Yesterday's 0.8830 high in EUR/GBP a target

Chart EUR/CAD Update: Gains to remain limited

November 6, 2025 12:10 PM UTC

Little change, as flat overbought intraday studies keep near-term sentiment cautious 

Chart EUR/CHF Update: Edging higher

November 6, 2025 11:29 AM UTC

Little change, as flat overbought daily stochastics keep near-term sentiment cautious

Psychology for major markets Nov 6

November 6, 2025 11:23 AM UTC

USD steady near recent highs

Europe Summary and Highlights 6 November

November 6, 2025 11:07 AM UTC

The USD saw some modest losses against GBP and the JPY through the European morning, with the scandis also making gains, while most other pairs were little changed.

FX Daily Strategy: N America, November 6th

November 6, 2025 9:54 AM UTC

GBP might recover slightly if the BoE MPC leave rates unchanged as expected…
…but GBP is still likely to weaken in the coming months
JPY weakness on Thursday may alert the Japanese authorities
SEK risks may now be on the upside

Chart USD/CHF Update: Minor pullback

November 6, 2025 9:22 AM UTC

The test above resistance at the 0.8100 break level has been pushed back from 0.8125

Chart USD Index DXY Update: Leaning lower

November 6, 2025 9:15 AM UTC

The test of resistance within 100.00/26 has been pushed back from 100.36

NOK flows: NOK marginally firmer after Norges Bank decision

November 6, 2025 9:12 AM UTC

NOK edges higher after Norges Bank leaves rates unchanged

Chart EUR/GBP Update: Balanced around fresh year highs

November 6, 2025 8:55 AM UTC

The pullback from the 0.8830 current year high of 5 November has reached support at 0.8800

Chart EUR/USD Update: Limited tests higher

November 6, 2025 8:45 AM UTC

Cautious trade above the 1.1470~ low of 5 November is giving way to a drift higher

Chart GBP/USD Update: Gains to remain limited

November 6, 2025 8:29 AM UTC

Cautious trade is giving way to a drift higher

Chart GBP/JPY Update: Room to extend choppy pullback

November 6, 2025 8:00 AM UTC

Turned back from the 199.00 support as prices unwind oversold intraday studies to retest the 201.25 resistance