Keep an eye on the direction of the pound, which has been fluctuating against the yen
03.11.2025
- Number of Housing Construction Permits in Australia
- Remarks by BOC Governor McClem of Canada
Last weekend, the U.S. dollar rose against the euro. The EUR/USD pair fell from 1.1577 to 1.1522, with the 20-period moving average (MA) on the hourly chart capping its upside.On the 4-hour chart, the pullback from the 200-period EMA continues, and on the daily chart, the pair has hit a new low for October. It has also broken below the 20-day moving average on the weekly chart. However, as a rebound has been observed during today’s Asian trading session, we should pay close attention to the direction of the U.S. dollar during U.S. trading hours.
Among European currencies, the pound saw a back-and-forth movement against the yen. GBP/JPY traded between 201.827 and 202.910, with price action straddling the 20-period moving average (MA) on the hourly chart.On the 4-hour chart, the pair has rebounded from the 200-period simple moving average (SMA), while on the daily chart, the 20-period moving average is acting as a support level, and the pair is currently caught between two directions. Meanwhile, on the weekly chart, the uptrend continues without having yet broken below the 10-period moving average support line.
Today’s economic indicators include New Zealand housing permits at 6:45, Australian housing permits at 9:30, the Swiss Consumer Price Index at 16:30, the Swiss Manufacturing PMI at 17:30, and the FrenchManufacturing PMI at 17:50, German Manufacturing PMI at 17:55, Eurozone Manufacturing PMI at 18:00, UK Manufacturing PMI at 18:30, U.S. ISM Manufacturing Index at 24:00, and at 26:00, U.S. Daily:Remarks by the President of the San Francisco Fed, at 27:30: Remarks by BOC Governor Macleam, and at 28:00: Remarks by Fed Governor Cook. Keep an eye on the direction of the pound, which has been fluctuating against the yen.
