Daily market news

The Pound Sterling extends its losses against the Greenback for the third straight day, is down 0.47% after UK Flash PMIs and Retail Sales data disappointed investors.

USD/JPY is trading a touch lower in the 154.30s on Friday as the Japanese Yen (JPY) strengthens against the US Dollar (USD) due to the release of higher-than-expected Japanese macroeconomic data, and Tokyo’s announcement of a $250 billion economic stimulus package.

The USD/CAD pair surrenders its entire intraday gains and ticks down as the Canadian Retail Sales data grew steadily in September and the US Dollar (USD) gives up a majority of its intraday gains after refreshing a two-year high.

EUR/JPY staircases down from its Halloween peak as it unfolds in a short-term downtrend during November.

Bias for the US Dollar (USD) is tilted to the downside; any decline is unlikely to threaten the major support at 153.30.

The Australian Dollar (AUD) is expected to trade in a range of 0.6490/0.6535.

The Euro (EUR) could break the significant support at 1.0450; the next technical target at 1.0400 is likely out of reach for the time being.

The EUR/GBP cross gains momentum to near 0.8330 during the early European session on Friday.

Here is what you need to know on Friday, November 22: Following a quiet European session, the US Dollar (USD) regathered its strength in the second half of the day on Thursday and continued to push higher early Friday, reaching its highest level since October 2023 above 107.00.

The USD/CHF pair trades with mild losses around 0.8860 during the early European session on Friday.