Forex Update: Cautious Sentiment Prevails, USD/JPY Gains on Inflation Data
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Forex Update: Cautious Sentiment Prevails, USD/JPY Gains on Inflation Data

Forex and Global Market News
Today’s forex market reflects a cautious sentiment amid ongoing geopolitical tensions and economic data releases. The DXY index is stable at 99.62, up 0.0141%, as traders await critical developments in U.S. fiscal policy.
The EUR/USD pair has eased from two-week highs, trading around 1.1670, as market participants focus on a pivotal U.S. congressional vote that could impact economic stability. Conversely, USD/JPY has gained 0.50%, reaching 154.85, buoyed by a dovish stance from the Bank of Japan and speculation surrounding potential fiscal easing in Japan.
In the commodity sector, gold remains near a three-week high, consolidating gains as investors adopt a wait-and-see approach before the U.S. government shutdown resolution. Meanwhile, the USD/CAD pair is consolidating losses near the 1.4000 level, reflecting a pause after a 0.7% decline over the past three days.
Geopolitical tensions, particularly involving U.S. military presence in Latin America and ongoing conflicts in Ukraine, continue to influence market sentiment. Additionally, India’s inflation data, which cooled to 0.25%, raises expectations for further rate cuts by the Reserve Bank of India, potentially impacting the INR’s performance in the coming days.
Economic Calendar Events Today
All times are in US Eastern Time (ET)
| Date | Time | Cur | Imp | Event | Actual | Forecast |
|---|---|---|---|---|---|---|
| 2025-11-12 | 02:00 | Medium | German CPI (YoY) (Oct) | 2.3% | 2.3% | |
| 2025-11-12 | 02:00 | High | German CPI (MoM) (Oct) | 0.3% | 0.3% | |
| 2025-11-12 | 05:00 | Medium | OPEC Monthly Report | |||
| 2025-11-12 | 05:00 | Medium | Eurogroup Meetings | |||
| 2025-11-12 | 05:30 | Medium | CPI (YoY) (Oct) | 0.25% | 0.48% | |
| 2025-11-12 | 05:45 | Medium | ECB’s Schnabel Speaks | |||
| 2025-11-12 | 06:40 | Medium | ECB’s De Guindos Speaks | |||
| 2025-11-12 | 07:05 | Medium | BoE MPC Member Pill Speaks | |||
| 2025-11-12 | 08:30 | Medium | Building Permits (MoM) (Sep) | 0.8% | ||
| 2025-11-12 | 09:20 | Medium | FOMC Member Williams Speaks | |||
| 2025-11-12 | 10:20 | Medium | Fed Waller Speaks | |||
| 2025-11-12 | 12:00 | Medium | EIA Short-Term Energy Outlook | |||
| 2025-11-12 | 12:15 | Medium | FOMC Member Bostic Speaks | |||
| 2025-11-12 | 13:00 | High | 10-Year Note Auction | |||
| 2025-11-12 | 16:30 | Medium | API Weekly Crude Oil Stock | 1.700M | ||
| 2025-11-12 | 16:45 | Medium | Electronic Card Retail Sales (MoM) (Oct) | |||
| 2025-11-12 | 19:30 | Medium | Employment Change (Oct) | 20.0K | ||
| 2025-11-12 | 19:30 | Medium | Full Employment Change (Oct) | |||
| 2025-11-12 | 19:30 | Medium | Unemployment Rate (Oct) | 4.4% |
**Overview:**
Today features several key economic events that may significantly impact forex markets, particularly focusing on inflation data from Germany, CPI figures from India, and employment statistics from Australia. The most critical releases include the German CPI and Australia’s employment data, both of which could influence EUR and AUD pairs.
**Key Releases:**
1. **German CPI (YoY & MoM)**: Both the YoY and MoM figures for October came in at 2.3% and 0.3%, respectively, matching forecasts. This stability suggests no immediate inflationary pressures, which may keep the ECB’s monetary policy steady.
2. **Indian CPI (YoY)**: The CPI for October was reported at 0.25%, significantly below the forecast of 0.48%. This unexpected drop could signal weaker inflationary pressures in India, potentially impacting the INR negatively.
3. **Australian Employment Change**: The employment change is anticipated to be 20.0K, with the unemployment rate expected to hold at 4.4%. Any deviation from these figures could lead to volatility in AUD pairs.
**FX Impact:**
The EUR/USD and AUD/USD pairs are likely to see heightened activity. A stable German CPI may support the EUR, while weaker inflation in India could pressure the INR. Conversely, if Australia’s employment data deviates significantly from forecasts, the AUD could experience notable fluctuations against major currencies.
Major Currency Pairs
| Name | Symbol | Price | Daily (%) | 5D (%) | 1W (%) | 1M (%) | 3M (%) | 6M (%) | YTD (%) | 12M (%) | MA50 | MA100 | MA200 | RSI | MACD |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EUR/USD – Euro / U.S. Dollar | EURUSD | 1.1575 | -0.1294 | +0.2233 | +0.7789 | -0.2362 | -1.1773 | +3.4157 | +11.23 | +8.5388 | 1.1664 | 1.1667 | 1.1350 | 44.87 | -0.0034 |
| USD/JPY – U.S. Dollar / Japanese Yen | USDJPY | 154.90 | +0.5348 | +1.2776 | +0.8759 | +1.8717 | +5.2896 | +6.3792 | -1.3332 | +0.9265 | 150.43 | 148.74 | 147.82 | 66.10 | 1.0862 |
| GBP/USD – British Pound / U.S. Dollar | GBPUSD | 1.3108 | -0.3421 | -0.2507 | +0.6628 | -1.7110 | -3.5133 | -1.4947 | +4.4537 | +1.8098 | 1.3381 | 1.3438 | 1.3265 | 29.13 | -0.0081 |
| USD/CHF – U.S. Dollar / Swiss Franc | USDCHF | 0.7992 | -0.1499 | -0.8314 | -1.3735 | -0.3889 | -0.6860 | -4.2415 | -11.52 | -9.2097 | 0.7983 | 0.8000 | 0.8273 | 54.35 | 0.0020 |
| AUD/USD – Australian Dollar / U.S. Dollar | AUDUSD | 0.6538 | +0.1225 | +0.8344 | +0.8079 | +0.6094 | -0.2092 | +2.0641 | +5.1125 | -0.6021 | 0.6563 | 0.6542 | 0.6452 | 58.04 | -0.0009 |
| USD/CAD – U.S. Dollar / Canadian Dollar | USDCAD | 1.4013 | -0.0214 | -0.7001 | -0.6234 | +0.1036 | +1.8972 | +0.4178 | -2.3471 | +0.6573 | 1.3940 | 1.3836 | 1.3940 | 53.55 | 0.0029 |
| NZD/USD – New Zealand Dollar / U.S. Dollar | NZDUSD | 0.5662 | +0.1061 | +0.4076 | +0.3473 | -1.1313 | -5.3336 | -3.6045 | +0.3952 | -5.1451 | 0.5795 | 0.5877 | 0.5856 | 37.10 | -0.0040 |







**Overview:**
The Majors FX group exhibits mixed momentum, with a general bearish sentiment in the Euro and British Pound pairs, while the U.S. Dollar shows strength against the Japanese Yen. Overall, the market appears to be consolidating, with some pairs nearing critical support and resistance levels.
**Key Pairs:**
1. **USD/JPY**: Currently priced at 154.9020, this pair shows bullish momentum with an RSI of 66.10, approaching overbought territory, and a positive MACD of 1.0862. This suggests potential for further upside but watch for a possible pullback as it nears overbought levels.
2. **GBP/USD**: Priced at 1.3108, this pair is in a bearish phase with an RSI of 29.13, indicating oversold conditions, and a negative MACD of -0.0081. A rebound could be imminent, but caution is warranted as the trend remains downward.
3. **EUR/USD**: At 1.1575, this pair shows a neutral-bearish stance with an RSI of 44.87 and a negative MACD of -0.0034. It remains vulnerable to further declines if support levels are breached.
**Trading Imp
Cross Currency Pairs
| Name | Symbol | Price | Daily (%) | 5D (%) | 1W (%) | 1M (%) | 3M (%) | 6M (%) | YTD (%) | 12M (%) | MA50 | MA100 | MA200 | RSI | MACD |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EUR/GBP | EURGBP | 0.8829 | +0.2270 | +0.4643 | +0.1020 | +1.4874 | +2.4080 | +4.9609 | +6.4774 | +6.6034 | 0.8717 | 0.8682 | 0.8554 | 74.31 | 0.0028 |
| EUR/JPY | EURJPY | 179.26 | +0.4095 | +1.4844 | +1.6444 | +1.6121 | +4.0299 | +9.9972 | +9.7144 | +9.5602 | 175.44 | 173.51 | 167.72 | 64.85 | 0.7493 |
| EUR/CHF | EURCHF | 0.9249 | -0.2588 | -0.6456 | -0.6125 | -0.6349 | -1.8570 | -1.0061 | -1.5959 | -1.4523 | 0.9310 | 0.9333 | 0.9373 | 51.98 | -0.0004 |
| EUR/AUD | EURAUD | 1.7701 | -0.2480 | -0.6126 | -0.0226 | -0.8503 | -0.9828 | +1.3124 | +5.7913 | +9.2054 | 1.7772 | 1.7833 | 1.7585 | 36.76 | -0.0029 |
| GBP/JPY | GBPJPY | 203.03 | +0.1870 | +1.0230 | +1.5536 | +0.1253 | +1.5856 | +4.7979 | +3.0594 | +2.7694 | 201.24 | 199.83 | 196.01 | 50.70 | 0.2116 |
| GBP/CHF | GBPCHF | 1.0476 | -0.4656 | -1.0961 | -0.7071 | -2.0834 | -4.1686 | -5.6820 | -7.5661 | -7.5481 | 1.0680 | 1.0749 | 1.0961 | 33.82 | -0.0038 |
| AUD/JPY | AUDJPY | 101.26 | +0.6571 | +2.1106 | +1.6820 | +2.4816 | +5.0590 | +8.5725 | +3.7235 | +0.3140 | 98.71 | 97.29 | 95.36 | 66.46 | 0.5799 |
| AUD/NZD | AUDNZD | 1.1547 | +0.0433 | +0.4218 | +0.4607 | +1.7680 | +5.4155 | +5.8892 | +4.7162 | +4.8964 | 1.1325 | 1.1134 | 1.1019 | 87.83 | 0.0066 |
| CHF/JPY | CHFJPY | 193.80 | +0.6811 | +2.1577 | +2.2839 | +2.2655 | +6.0182 | +11.13 | +11.51 | +11.18 | 188.41 | 185.90 | 178.96 | 62.53 | 0.8804 |
| NZD/JPY | NZDJPY | 87.68 | +0.6081 | +1.6851 | +1.2190 | +0.7145 | -0.3290 | +2.5436 | -0.9512 | -4.2773 | 87.14 | 87.37 | 86.52 | 53.71 | 0.0106 |

**Overview:** The Crosses FX group exhibits a mixed trend, with some pairs signaling bullish momentum while others show bearish tendencies. Notably, overbought conditions in certain pairs suggest potential corrections.
**Key Pairs:**
1. **EUR/GBP:** Currently at 0.8829 with an RSI of 74.31, indicating overbought conditions. The MACD at 0.0028 suggests bullish momentum, but caution is advised for potential pullbacks.
2. **AUD/NZD:** Priced at 1.1547, this pair is significantly overbought with an RSI of 87.83. The MACD at 0.0066 confirms bullish momentum, but a reversal may be imminent.
3. **GBP/CHF:** At 1.0476, this pair shows an RSI of 33.82, indicating oversold conditions. The MACD at -0.0038 suggests bearish momentum, presenting a potential buying opportunity.
**Trading Implications:** Watch for resistance at 0.885
Exotic and Emerging Market Currencies
| Name | Symbol | Price | Daily (%) | 5D (%) | 1W (%) | 1M (%) | 3M (%) | 6M (%) | YTD (%) | 12M (%) | MA50 | MA100 | MA200 | RSI | MACD |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| USD/TRY – U.S. Dollar / Turkish Lira | USDTRY | 42.23 | +0.0197 | +0.1659 | +0.3867 | +1.0085 | +3.5624 | +8.7509 | +19.63 | +23.04 | 41.71 | 41.11 | 39.52 | 74.59 | 0.1482 |
| USD/ZAR – U.S. Dollar / South African Rand | USDZAR | 17.06 | -0.5659 | -1.6892 | -2.4649 | -2.0184 | -2.4947 | -5.2080 | -9.0861 | -4.7380 | 17.33 | 17.52 | 17.92 | 33.32 | -0.0309 |
| USD/THB – U.S. Dollar / Thai Baht | USDTHB | 32.42 | +0.2784 | +0.1545 | -0.4300 | -0.6131 | +0.5209 | -2.2905 | -5.0353 | -5.9199 | 32.30 | 32.36 | 32.88 | 34.75 | -0.0062 |
| USD/SEK – U.S. Dollar / Swedish Krona | USDSEK | 9.4569 | +0.0656 | -1.1649 | -1.2939 | -0.5438 | -0.8120 | -2.8250 | -14.21 | -12.71 | 9.4170 | 9.4914 | 9.7406 | 55.50 | 0.0249 |
| USD/NOK – U.S. Dollar / Norwegian Krone | USDNOK | 10.06 | +0.1822 | -1.2653 | -1.5643 | -0.3848 | -1.1530 | -3.3368 | -11.15 | -8.6702 | 10.00 | 10.08 | 10.32 | 54.28 | 0.0353 |
| USD/DKK – U.S. Dollar / Danish Krone | USDDKK | 6.4523 | +0.1288 | -0.1943 | -0.7351 | +0.2517 | +1.2691 | -3.1875 | -9.9696 | -7.7676 | 6.4012 | 6.3981 | 6.5845 | 55.32 | 0.0188 |
| USD/MXN – U.S. Dollar / Mexican Peso | USDMXN | 18.28 | -0.1671 | -1.4658 | -2.0947 | -1.2854 | -1.7992 | -6.0966 | -11.38 | -10.10 | 18.45 | 18.58 | 19.22 | 41.40 | -0.0037 |
| USD/PLN – U.S. Dollar / Polish Zloty | USDPLN | 3.6524 | +0.0959 | -0.7141 | -1.4945 | -0.5922 | +0.6291 | -3.6514 | -11.07 | -10.64 | 3.6437 | 3.6443 | 3.7379 | 52.94 | 0.0078 |
| USD/HUF – U.S. Dollar / Hungarian Forint | USDHUF | 332.69 | +0.1921 | -0.4083 | -1.5279 | -1.4926 | -1.3299 | -7.4659 | -15.78 | -13.45 | 333.97 | 337.32 | 351.35 | 43.56 | -0.3485 |
| USD/CZK – U.S. Dollar / Czech Koruna | USDCZK | 20.94 | +0.1105 | -0.5680 | -1.2638 | -0.0134 | +0.3778 | -5.9248 | -13.33 | -11.79 | 20.84 | 20.94 | 21.79 | 52.10 | 0.0551 |

**Overview:** The Exotic FX group displays mixed signals, with a bullish trend in USD/TRY and bearish momentum in USD/ZAR and USD/THB. Overall, the group is experiencing volatility, with specific pairs showing significant divergence in momentum.
**Key Pairs:**
1. **USD/TRY**: Currently at 42.2347, RSI at 74.59 indicates overbought conditions, while the positive MACD (0.1482) suggests strong bullish momentum. Watch for potential resistance around 43.00.
2. **USD/ZAR**: Priced at 17.0599, the RSI of 33.32 signals oversold conditions, coupled with a negative MACD (-0.0309), indicating bearish momentum. Support is likely around 16.80.
3. **USD/THB**: At 32.4200, the RSI at 34.75 also indicates oversold territory, with a negative MACD (-0.0062), suggesting continued weakness.
**Trading
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