Europe Summary and Highlights 4 Nov

November 4, 2026 10:58 AM UTC

Dollar pulls back and risk lifts, after reversed Asia spike lower, out of Democrat clean sweep
Most counters seeing covering of their pre-election positions

EZ CPI Review - Inflation Increase Will Help Cement December Hike

November 4, 2026 10:58 AM UTC

Rising oil and gas prices drove annual headline inflation to 4%, a three year high, from 3.8% in September. Core inflation was unchanged at 2.5% while services rose to 3.3% highlighting that this inflation upsurge so far remains an energy story. The breakdown of the flash estimate showed the increas

DXY flows - post-election position reversals

November 4, 2026 9:52 AM UTC

Some position spike reversals and squeezes dominate out of the initial post election trade
Mkt eying glass half full vs glass half empty takes on convincing Democrat results

Chart USD/CHF Update: Room for lower

November 4, 2026 9:19 AM UTC

Cautious trade around 0.8200 has given way to anticipated losses

Chart EUR/GBP Update: Extending cautious trade

November 4, 2026 9:13 AM UTC

Still little change, as prices extend cautious trade within the 0.8333 - 0.8365 range

Chart USD Index DXY Update: Poised for further losses

November 4, 2026 9:08 AM UTC

Cautious trade has given way to anticipated selling interest

Chart EUR/USD Update: Poised for fresh gains

November 4, 2026 8:41 AM UTC

Cautious trade beneath 1.1200 has given way to anticipated gains

Chart GBP/USD Update: Extending gains

November 4, 2026 8:23 AM UTC

Consolidation above congestion support at 1.3400 has given way to anticipated gains

EUR/USD, USD/JPY flows - dollar focus remains on tech out of Democrat sweep

November 4, 2026 7:31 AM UTC

Democrat sweep, initial cross asset kneejerks, then pared
Focus remains on tech tone for spillover onto the dollar

Weekly Chart AUD/USD: Corrective pullback from .7050/80 resistance

November 4, 2026 6:58 AM UTC

Saw rejection from the .7050/.7080 resistance as prices retrace rally from the .6900 support

Chart AUD/NZD Update: Room for deeper pullback from 1.2600 current year high

November 4, 2026 6:09 AM UTC

Remains in consolidation below the 1.2500 level following pullback from the 1.2600, 28 October current year high

Chart USD/IDR Updates: Drift lower from 18183 all-time high

November 4, 2026 5:35 AM UTC

Little change, as prices extend consolidation below the 18183 all-time high

Chart USD/CNH Update: Extending Monday's bounce

November 4, 2026 3:07 AM UTC

Sharply higher above resistance at the 6.6700 congestion as prices extend bounce from Monday's fresh year low at 6.6425

Chart USD/MYR Update: Bounce stalled at the 4.0780 resistance

November 4, 2026 2:46 AM UTC

Strong bounce from the 4.0450 support has seen gains stalling just shy of strong resistance at 4.0780 which is expected to cap

Chart USD/SGD Update: Choppy around 1.2800

November 4, 2026 2:27 AM UTC

Back in consolidation around the 1.2800 level following bounce from the 1.2770, Friday's low

Chart GBP/USD Update: Up to tag 1.3475 resistance, room for higher still

November 4, 2026 2:00 AM UTC

Consolidation around the 200-day MA at 1.3420 has given way to break higher to reach strong resistance at the 1.3475/1.3500 area

Chart EUR/USD Update: Pressuring 1.1250/75 resistance

November 4, 2026 1:49 AM UTC

Consolidation around the 1.1200 level has given way to sharp break to extend bounce from the 1.1105 current year low to pressure the 1.1250/75 area

Chart EUR/JPY Update: Extending gains

November 4, 2026 1:39 AM UTC

Sharply higher through the 177.00 level as prices extend bounce from the 175.10/08 October double bottom

Chart USD/JPY Update: Within reach of 159.00 level

November 4, 2026 1:10 AM UTC

Consolidation at the 158.00 level has given way to break to extend bounce from the 157.00 low of last Friday to reach 158.77 high

Chart NZD/USD Update: Focus on .5578/.5565 lows

November 4, 2026 12:47 AM UTC

Consolidation around the .5625 support has given way to renewed selling pressure and losses returning focus to the .5578 support