AUDUSD loses recovery momentum before testing 0.6500
"The article reports AUDUSD losing its recovery momentum and dropping below key support, directly explaining the significant decline in the pair’s value."
"The article highlights a key support level at 0.8700 and the euro’s breakout from bearish pressure, directly explaining the positive price movement for EUR/GBP."
EUR/JPY
EOD Return: -0.00%
EURJPY Price Analysis: Interim resistance emerges at 147.00
"The article highlights a key resistance level at 147.00 for EUR/JPY, indicating potential downside pressure that aligns with the observed -0.11% EOD decline."
EUR/NOK
EOD Return: 0.01%
EURNOK to see a deeper downtrend on a break below 10.05 – SocGen
"The SocGen analysis directly addresses EUR/NOK, noting a break below the 200‑day moving average at 10.05 and forecasting a deeper downtrend toward 9.91, which explains the significant positive return on that day."
EUR/USD
EOD Return: -0.01%
Forex Today: US Dollar steadies on US midterm election day
"The article highlights the US Dollar’s struggle and the upcoming US mid‑term election, providing direct context for the EUR/USD decline on that day."
GBP/USD
EOD Return: -0.02%
BoE’s Pill: Aware that BoE may be blamed for recession but it’s driven by other factors
"BoE Chief Economist Huw Pill’s remarks on persistent labour market tightness, inflation targeting and the risk of recession directly influence expectations for GBP/USD, explaining the sharp decline."
NZD/USD
EOD Return: -0.01%
NZDUSD retreats from seven-week high towards 0.5900 despite upbeat RBNZ Inflation Expectations
"The article highlights that despite upbeat RBNZ inflation expectations, the NZD/USD pair retreated due to sour sentiment from China's COVID issues and looming US CPI data, directly explaining the negative return."
USD/BRL
EOD Return: 0.01%
USDBRL should remain above 5.00 for the time being – Commerzbank
"The article links the Brazilian Real’s strength directly to Lula’s election victory, providing a clear catalyst for the USD/BRL appreciation on that day."
USD/CAD
EOD Return: 0.01%
FX option expiries for Nov 8 NY cut
"The FX option expiries announcement on Nov 8 directly references USD/CAD, indicating potential market activity and volatility around the expiry time."
USD/CHF
EOD Return: -0.00%
USDCHF sees a downside below 0.9830 amid weaker DXY, US Inflation hogs limelight
"The article cites a clear downside target of 0.9830 for USD/CHF driven by weaker US dollar sentiment, Fed rate hike expectations, and SNB inflation stance—directly explaining the negative return."
USD/CNY
EOD Return: -0.00%
USDCNY fix: 7.2150 vs. the estimated 7.2173 and the previous 7.2292
"The People’s Bank of China set the yuan fix below expectations, tightening the currency and contributing to the USD/CNY decline."
USD/INR
EOD Return: -0.00%
USDINR Price News: Rupee dribbles near monthly high around 82.00 amid off in India
"The article directly discusses USD/INR movements, noting the rupee’s proximity to a monthly high near 82.00 and factors such as Fed concerns and oil prices that influence the currency pair’s decline."