Daily Insights

November 9, 2023

The US dollar is steady after posting a three-day gain ahead of today’s remarks from the Federal Reserve Chair Jerome Powell at a panel discussion. The focus will be on any comments that can contradict his less hawkish speech last week, which led the dollar to retrace against all its peers. The Dollar Index trades at 105.53 and any rally of the greenback should be short lived as the Fed is likely done with its tightening cycle.

EUR/USD currently hovers the 1.07 level ahead of ECB’s Lagarde and ECB’s Nagel speech later today. EUR/GBP trades around 0.8715, continuing its three-day gain against the sterling.

GBP/USD is muted at 1.2284, continuing to trade on yesterday’s range of 1.2250-1.2300.

China’s October price data showed that the country has gone back into deflation and the PPI posting a significant drop, which adds further pressure on the PBOC to cut interest rates. The CPI declined 0.2% YoY vs. 0% in September. PPI dropped 2.6% YoY, vs. -2.5% in September, adding up to the 14^th consecutive month of declines. USD/CNH advanced to trade at 7.2920 and EUR/CNH to trade at 7.8065.

Brent Crude Oil corrected slightly its price-action this morning, after dipping as much as 7% over the last two trading sessions as the demand outlook worsens.

Economic Calendar

09 Nov 2023

GBP - RICS House Price Balance

CNY - CPI y/y

CNY - PPI y/y

JPY - 30-y Bond Auction

JPY - Economy Watchers Sentiment

GBP - MPC Member Pill Speaks

EUR - ECB Economic Bulletin

EUR - ECOFIN Meetings

USD - Unemployment Claims

USD - Mortgage Delinquencies

CAD - Gov Council Member Rogers Speaks

CHF - Gov Board Member Schlegel Speaks

EUR - ECB President Lagarde Speaks

USD - 30-y Bond Auction

USD - Fed Chair Powell Speaks

NZD - BusinessNZ Manufacturing Index

JPY - M2 Money Stock y/y

Market Indicators

Currency Pairs

Pair	High	Low
eur/gbp	0.87201	0.87128
gbp/usd	1.22937	1.22742
gbp/aud	1.91779	1.91327
gbp/nzd	2.07872	2.06946
usd/jpy	151.091	150.767
eur/usd	1.07157	1.07014
gbp/jpy	185.512	185.245
eur/cnh	7.80894	7.7932
usd/cnh	7.29266	7.27919

Equities and Commodities

Nasdaq 100	15312.9
DOW	34093.9
S&P 500	4382
BRENT CRUDE	80.13
WTI	75.75
GOLD	1949.28

This document is for information purposes only and does not constitute any recommendation or solicitation to any person to enter into any transaction or adopt any trading strategy, nor does it constitute any prediction of likely future movements in exchange rates or prices or any representation that any such future movements will not exceed those shown on any illustration. All exchange rates and figures appearing are for illustrative purposes only. You are advised to make your own independent judgment with respect to any matter contained herein.

Name	Provider	Purpose	Expiration
.ASPXAUTH	fxpert.gpsfx.com	Stores session information for the current login.	Session
FXpertAuthKey-Prod	gpsfx.com	Authorization key for the current session.	Session
ASP.NET_SessionId	fxpert.gpsfx.com	Stores session ID for the login session.	Session
WelcomeTour	betafxpert.gpsfx.com	Tells us whether to show the new functionality tour for the upgraded website functionality.	13 months
Computer Verification	fxpert.gpsfx.com	Stores whether we need to do our hardware verification for extra security	42 days
ARRAffinitySameSite	betafxpert.gpsfx.com	Keeps the user on the same web server to improve performance.	Session
ARRAffinity	betafxpert.gpsfx.com	A second cookie to assist with the same server functionality above.	Session

Name	Provider	Purpose	Expiration
_ga	Google	Google Analytics, used to distinguish users	2 years
_ga _	Google	Used to persist session state.	2 years
__hssrc	Hubspot	Hubspot Analytics • Whenever HubSpot changes the session cookie, this cookie is also set to determine if the visitor has restarted their browser. • If this cookie does not exist when HubSpot manages cookies, it is considered a new session. • It expires at the end of the session.	Session
__hssc	Hubspot	Hubspot Analytics __hssc • This cookie keeps track of sessions. • This is used to determine if HubSpot should increment the session number and timestamps in the __hstc cookie. • It contains the domain, viewCount (increments each pageView in a session), and session start timestamp. • It expires in 30 minutes.	30 minutes
__hstc	Hubspot	Hubspot Analytics __hstc • The main cookie for tracking visitors. • It contains the domain, hubspotutk, initial timestamp (first visit), last timestamp (last visit), current timestamp (this visit), and session number (increments for each subsequent session).	6 months
hubspotutk	Hubspot	Hubspot Analytics • This cookie keeps track of a visitor's identity.	6 months
__hs_cookie_cat_pref	Hubspot	Used to record the categories a visitor consented to.	6 months
__hs_opt_in	Hubspot	Used by the opt-in privacy policy to remember not to ask the visitor to accept cookies again. • It expires in seven days.	7 days
__hs_opt_out	Hubspot	Opt out of Hubspot Tracking • This cookie is set when you give visitors the choice to opt out of cookies.	6 months

Marketwatch EU & UK

Daily Insights

November 9, 2023

Economic Calendar

Market Indicators

GPS Global Wallet Podcast

Connect with us

Marketwatch EU & UK

Daily Insights November 9, 2023

Economic Calendar

Market Indicators

Other Market News

North America News

APAC News

GPS Global Wallet Podcast

Connect with us

Daily Insights

November 9, 2023