EUR/USD, GBP/USD Analysis & Setups 1 – 5 Nov 2021

EUR/USD is showing strong bearish momentum but price action was unable to break the bottom. The bears will need to see a push below the 50% Fibonacci level.

About Post Author

Ivy Chu

ivy@fonecable.com

Happy

0 %

Sad

0 %

Excited

0 %

Sleepy

0 %

Angry

0 %

Surprise

0 %

24S Worldwide (APAC/EU/US)24S | GET UP TO 300£/$/€ OFF ON YOUR BACK-TO-OFFICE LOOK | **CODE: SHOP100 / SHOP200 / SHOP300**

easypM6CaP — Free Currency Card in the UK; Free Currency Accounts; UK Residence Only

ADVERTISEMENT

HN4WOMAN — Sponsored by **Harvey Nichols** Founded in 1831, a British luxury department store.

ADVERTISEMENT

forecasts FXEF

EU-India Trade Deal: Pragmatism Trumps Caution – Societe Generale 30 January 2026

Societe Generale's Kunal Kundu discusses the recently concluded EU-India Free Trade Agreement (FTA), highlighting its potential to create a free-trade zone covering nearly 2 billion people and a fourth of global GDP.

Pound Sterling Price News and Forecast: GBP/USD weakens as US Dollar firms on Senate breakthrough 30 January 2026

GBP/USD trades around 1.3760 on Friday at the time of writing, retreating 0.30% on the day as the US Dollar (USD) regains some traction.

US headline Producer Prices rose by 3% in December 30 January 2026

US Producer Prices rose 3% in December from a year earlier, according to the latest figures from the Bureau of Labor Statistics (BLS). The print came in above estimates (2.7%) and matched the 3% gain recorded in the previous month.

United States Producer Price Index ex Food & Energy (MoM) above expectations (0.2%) in December: Actual (0.7%) 30 January 2026

United States Producer Price Index ex Food & Energy (MoM) above expectations (0.2%) in December: Actual (0.7%)

United States Producer Price Index ex Food & Energy (YoY) above forecasts (2.9%) in December: Actual (3.3%) 30 January 2026

United States Producer Price Index ex Food & Energy (YoY) above forecasts (2.9%) in December: Actual (3.3%)

United States Producer Price Index (MoM) above expectations (0.2%) in December: Actual (0.5%) 30 January 2026

United States Producer Price Index (MoM) above expectations (0.2%) in December: Actual (0.5%)

United States Producer Price Index (YoY) above expectations (2.7%) in December: Actual (3%) 30 January 2026

United States Producer Price Index (YoY) above expectations (2.7%) in December: Actual (3%)

Canada Gross Domestic Product (MoM) below expectations (0.1%) in November: Actual (0%) 30 January 2026

Canada Gross Domestic Product (MoM) below expectations (0.1%) in November: Actual (0%)

USD: Potential for prolonged weakness – Nordea 30 January 2026

Nordea's Macro & Markets report by Sara Midtgaard discusses the ongoing weakness of the US Dollar, driven by geopolitical factors and historical patterns. The report suggests that the current downturn could be long-lasting, with potential for a multi-year period of dollar weakness.

Germany’s preliminary CPI rises 0.1% MoM in January, HICP mixed 30 January 2026

Preliminary inflation data released by Germany’s statistics office Destatis showed that the Consumer Price Index (CPI) rose 0.1% MoM in January, beating expectations for a flat reading and the previous figure of 0.0%.

EUR/USD ticks lower following Warsh's nomination for the Fed 30 January 2026

The Euro (EUR) has pulled back following news of the nomination of Kevin Warsh as the next Federal Reserve (Fed) Chairman, but remains trading in a tight range, with bulls called below 1.1950 and support at the 1.1900 area containing downside attempts for now.

Fund flows indicate mixed sentiment – TD Securities 30 January 2026

TD Securities Global Strategy Team reports on the latest fund flows, highlighting a significant outflow from Global Equities, particularly from China, which recorded its largest weekly outflow on record.

Germany Consumer Price Index (YoY) below forecasts (2.2%) in January: Actual (2.1%) 30 January 2026

Germany Consumer Price Index (YoY) below forecasts (2.2%) in January: Actual (2.1%)

Germany Harmonized Index of Consumer Prices (MoM) above forecasts (-0.2%) in January: Actual (-0.1%) 30 January 2026

Germany Harmonized Index of Consumer Prices (MoM) above forecasts (-0.2%) in January: Actual (-0.1%)

Germany Harmonized Index of Consumer Prices (YoY) came in at 2.1%, above expectations (2%) in January 30 January 2026

Germany Harmonized Index of Consumer Prices (YoY) came in at 2.1%, above expectations (2%) in January

Germany Consumer Price Index (MoM) came in at 0.1%, above expectations (0%) in January 30 January 2026

Germany Consumer Price Index (MoM) came in at 0.1%, above expectations (0%) in January

Silver plunges as forced liquidation and USD rebound weigh on prices 30 January 2026

Silver (XAG/USD) comes under intense selling pressure on Friday, posting a sharp correction after reaching a record high the previous day.

Gold: Aggressive correction expected – BNY 30 January 2026

Bob Savage, Head of Markets Macro Strategy at BNY, notes a significant correction in Gold prices, driven by the nomination of Kevin Warsh as the next Fed chair, which has strengthened the U.S. Dollar. Gold fell sharply, with a 5.9% drop, while Silver and Platinum saw declines of over 10%.

USD/JPY pulls back below 154.00 as Trump confirms Warsh as Fed Chair 30 January 2026

The US Dollar maintains a moderate bid tone against the Japanese Yen on Friday, but has retreated from session highs at 154.40, and is trading at 153.90 at the time of writing, after Trump confirmed that former Federal Reserve (Fed) governor Kevin Warsh will replace the current bank Chairman Jerome

EUR: Positive growth outlook supports stability – BBH 30 January 2026

Brown Brothers Harriman (BBH) analysts note that Eurozone Q4 real GDP growth has exceeded expectations, positioning the European Central Bank favorably. Analysts suggest that the ECB can maintain its current rates for some time.

Breaking News

A border inside the UK brings Northern Ireland closer to the republic December 31, 2020 at 05:09PM

A beloved Canadian soy sauce runs out December 31, 2020 at 05:09PM

Britain’s relationship with the EU will look like Switzerland’s December 31, 2020 at 05:09PM

What to expect in 2021 according to prediction markets December 31, 2020 at 05:09PM

Russia menaces Alexei Navalny after he exposed its agents’ ineptitude December 31, 2020 at 05:09PM

The next big thing in retail comes with Chinese characteristics December 31, 2020 at 05:09PM

Jobless Cambodians are catching rats to feed Vietnamese city dwellers December 31, 2020 at 05:09PM

Why Chinese tipplers like Chilean wine December 31, 2020 at 05:09PM

Pakistan has fenced itself off from Afghanistan December 31, 2020 at 05:09PM

Congress injects a further $900bn of stimulus into the American economy December 31, 2020 at 05:09PM

EUR/USD, GBP/USD Analysis & Setups 1 – 5 Nov 2021

About Post Author

Ivy Chu

ADVERTISEMENT

24S Worldwide (APAC/EU/US)24S | GET UP TO 300£/$/€ OFF ON YOUR BACK-TO-OFFICE LOOK | CODE: SHOP100 / SHOP200 / SHOP300

ADVERTISEMENT

Free Currency Card in the UK; Free Currency Accounts; UK Residence Only

ADVERTISEMENT

Related Listening

December Reports

November Reports

October Reports

September Reports

August Reports

July Reports

ADVERTISEMENT

Sponsored by Harvey Nichols Founded in 1831, a British luxury department store.

ADVERTISEMENT

EUR/USD Mid-Session Technical Analysis for November 1, 2021

Daily Gold News: Monday, Nov. 1 – Gold Is Still Close to $1,800

Featured widget

Crude Oil Over Crypto

Breaking News

ADVERTISEMENT

ADVERTISEMENT

Related Listening

December Reports

November Reports

October Reports

September Reports

August Reports

July Reports

ADVERTISEMENT

Related Post

Featured widget