2 Nov. 2026

2–6 Nov. 2026

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• AUD/USD

Update: AUD/USD enters the week trading around the 0.7000 region as investors prepare for the Reserve Bank of Australia's November policy decision. The Australian dollar has shown relative resilience despite persistent U.S. dollar strength, supported by expectations that the RBA may maintain a restrictive monetary policy stance in response to elevated inflation. However, the Federal Reserve's cautious outlook and stronger U.S. economic data continue to limit upside momentum. The upcoming RBA decision, U.S. ISM releases, and employment report could trigger significant volatility. The 0.7070 region represents the first important resistance level, followed by 0.7150. A sustained break above these levels would improve the short-term outlook. On the downside, holding above 0.6940 remains important for preserving the recovery structure, while a break below this level would expose 0.6850.

• EUR/USD

Update: EUR/USD begins November under renewed selling pressure after declining toward the 1.1150 region at the end of October. The Federal Reserve's decision to maintain interest rates, combined with stronger U.S. economic growth and persistent inflation concerns, has reinforced expectations that U.S. monetary policy may remain restrictive for longer. Meanwhile, the European Central Bank's decision to leave rates unchanged has provided limited support to the euro as investors remain concerned about weak regional growth and fiscal uncertainty. This week's euro-area inflation figures and U.S. employment data will be important catalysts. The 1.1220 region represents immediate resistance, followed by 1.1300. A sustained recovery above these levels would ease short-term selling pressure. On the downside, a break below 1.1050 would reinforce the bearish structure and expose the psychological 1.0950 region.

• GBP/JPY

Update: GBP/JPY enters the week consolidating near the 211.00 region following renewed volatility in the Japanese yen. The Bank of Japan's decision to maintain its policy rate at 1.25% has limited expectations for immediate additional tightening, while the relatively strong U.S. dollar continues to influence yen movements. Sterling, meanwhile, remains supported by expectations surrounding the Bank of England's upcoming monetary policy decision. The BOE meeting on Thursday and the release of the BOJ's September meeting minutes could provide important catalysts for the cross. From a technical perspective, the 212.50 region represents the first significant resistance level, followed by 214.50. A sustained move above these levels would strengthen the recovery outlook. On the downside, the 209.50 region remains an important support area, with a break below potentially exposing 207.50. The pair may remain highly sensitive to changes in central-bank expectations and global risk sentiment.

• GBP/USD

Update: GBP/USD enters the week trading around the 1.3400 region as investors await the Bank of England's November monetary policy decision. Sterling has remained relatively resilient despite broader U.S. dollar strength, supported by expectations that persistent UK inflation may require the BOE to maintain a restrictive policy stance. However, uncertainty surrounding the UK's economic outlook and the possibility of changes in interest-rate expectations continue to limit directional conviction. The BOE's decision and updated economic projections on Thursday will be particularly important, followed by Friday's U.S. employment report. The 1.3450 region represents immediate resistance, with a sustained break potentially opening the way toward 1.3550. On the downside, holding above 1.3300 would preserve the current consolidation structure, while a break below this level would expose the 1.3140 region and increase bearish pressure.

• XAU/USD

Update: Gold enters November under significant selling pressure after extending its decline to the 3,875 region at the end of October. The metal recorded a sharp weekly loss as stronger U.S. economic data, persistent inflation concerns, and expectations for prolonged restrictive Federal Reserve policy supported the dollar and weighed on non-yielding assets. The recent breakdown below the psychological 4,000 level has weakened the broader technical structure, increasing the importance of the current support zone. However, geopolitical uncertainty and potential safe-haven demand may still provide opportunities for a corrective rebound. This week's U.S. ISM releases and Nonfarm Payrolls report will be key catalysts for the next directional move. The 3,950 region represents the first important resistance level, followed by 4,050. A sustained recovery above these levels would improve short-term momentum. On the downside, a break below 3,870 would reinforce the bearish structure and expose the 3,800 region.