FX Daily Strategy: Asia, November 5th

November 4, 2025 10:00 PM UTC

USD may edge lower on ADP
ISM services likely to have minimal impact
Scope for JPY strength to extend
GBP to stay under pressure medium term

North American Summary and Highlights 4 Nov

November 4, 2025 8:52 PM UTC

Overview - Weak equities meant risk off trade with GBP particularly weak on fiscal policy concerns. 

Chart USD/BRL Update: Range extension - limited scope above 5.4000

November 4, 2025 5:28 PM UTC

The anticipated fall towards congestion support at 5.3000 has bounced from 5.3350

Chart USD/CAD Update: Pressuring strong resistance at 1.4080

November 4, 2025 4:47 PM UTC

The retest of strong resistance at the 1.4080 weekly high of 14 October has reached 1.4195~

FX Daily Strategy: APAC, November 5th

November 4, 2025 4:04 PM UTC

USD may edge lower on ADP
ISM services likely to have minimal impact
Scope for JPY strength to extend
GBP to stay under pressure medium term

GBP, JPY, EUR flows: JPY cross gains extend

November 4, 2025 2:54 PM UTC

GBP/JPY filling the gap?

Chart AUD/USD Update: Under pressure

November 4, 2025 2:29 PM UTC

Anticipated losses have reached 0.6500

Preview: Due November 5 - U.S. October ISM Services - Seasonal adjustments to provide support

November 4, 2025 2:24 PM UTC

We expect October’s ISM services index to rise to 51.0 from 50.0, supported by seasonal adjustments. This would be in line with the Q3 average of 50.7 and the Q2 average of 50.8. 

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

November 4, 2025 2:22 PM UTC

Anticipated losses are extending in both EUR- and JPY-driven trade

Chart USD/JPY Update: Leaning lower in JPY-driven trade

November 4, 2025 2:10 PM UTC

Consolidation beneath strong resistance at the 154.40 Fibonacci retracement is giving way to the anticipated minor pullback in JPY-driven trade

Preview: Due November 5 - U.S. October ADP Employment - Correction from September decline

November 4, 2025 1:54 PM UTC

We expect a rise of 30k in October’s ADP estimate for private sector employment growth. Weekly data released by ADP is suggesting a modest rise. This would largely reverse a 32k decline seen in September suggesting the labor market maintains a picture of limited hiring and limited layoffs. 

U.S. October Auto Sales - Lower as EV credits expire

November 4, 2025 1:16 PM UTC

US auto sales have shown a significant slowing in October, to a 15.3m pace from 16.4m in September. The slowing is seen largely due to the expiry of federal credits for electric vehicle purchases on September 30. 

Chart EUR/PLN Update: Cautious trade - daily studies rising

November 4, 2025 1:01 PM UTC

Little change, as prices extend cautious trade within the 4.2560 - 4.2600 range

Chart USD/ZAR Update: Studies improving

November 4, 2025 12:41 PM UTC

Choppy trade is giving way to a move higher

Psychology for major markets Nov 4

November 4, 2025 12:30 PM UTC

USD firm aganst riskier currencies, JPY gaining as equities correct lower, 

Chart EUR/CAD Update: Cautious trade - studies under pressure

November 4, 2025 11:58 AM UTC

The anticipated test above congestion resistance at 1.6200 has been pushed back from 1.6220

Chart EUR/CHF Update: Consolidating test above 0.9300 - studies rising

November 4, 2025 11:03 AM UTC

The anticipated break above 0.9300 has been pushed back from 0.9315~

FX Daily Strategy: N America, November 4th

November 4, 2025 10:00 AM UTC

AUD slips despite hawkish RBA
EUR soft but downside momentum modest
Scope for JPY gains but a trigger is needed
CHF weakness corrective for now

Chart USD/CHF Update: Pressuring resistance - background studies rising

November 4, 2025 9:34 AM UTC

The test of resistance at the 0.8075 weekly high of 9 October has given way to a break towards 0.8100

Chart USD Index DXY Update: Consolidating test of strong resistance at 100.00/26

November 4, 2025 9:10 AM UTC

Little change, as mixed intraday studies and flattening overbought daily stochastics prompt consolidation