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

· Forex · QuoteReporter

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

US Dollar Index (DXY) Chart

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
EUR/USD - Euro / U.S. Dollar Chart
USD/JPY - U.S. Dollar / Japanese Yen Chart
GBP/USD - British Pound / U.S. Dollar Chart
USD/CHF - U.S. Dollar / Swiss Franc Chart
AUD/USD - Australian Dollar / U.S. Dollar Chart
USD/CAD - U.S. Dollar / Canadian Dollar Chart
NZD/USD - New Zealand Dollar / U.S. Dollar Chart

**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
Cross Pairs Performance

**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
Exotic Pairs Performance

**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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