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For the 24 hours to 23:00 GMT, the USD declined 0.52% against the JPY and closed at 111.81 on Friday.

In the Asian session, at GMT0400, the pair is trading at 111.90, with the USD trading 0.08% higher against the JPY from Friday’s close.

Overnight data showed that, Japan’s larger retailer’s sales rebounded 0.4% in September, higher than market anticipations for a rise of 0.1%. In the preceding month, larger retailers’ sales had recorded a fall of 0.1%. Meanwhile, the nation’s retail trade advanced 2.1% on a yearly basis in September, at par with market consensus. Retail trade had registered a rise of 2.7% in the previous month.

The pair is expected to find support at 111.43, and a fall through could take it to the next support level of 110.95. The pair is expected to find its first resistance at 112.33, and a rise through could take it to the next resistance level of 112.75.

Looking ahead, traders would await Japan’s jobless rate for September, slated to release overnight.

The currency pair is showing convergence with its 20 Hr moving average and trading below its 50 Hr moving average.

For the 24 hours to 23:00 GMT, the USD declined 0.29% against the CHF and closed at 0.9968 on Friday.

In the Asian session, at GMT0400, the pair is trading at 0.9978, with the USD trading 0.10% higher against the CHF from Friday’s close.

The pair is expected to find support at 0.9952, and a fall through could take it to the next support level of 0.9927. The pair is expected to find its first resistance at 1.0015, and a rise through could take it to the next resistance level of 1.0053.

Going forward, investors would keep an eye on Switzerland’s total sight deposits, due to be released in a while.

The currency pair is trading below its 20 Hr and 50 Hr moving averages.

For the 24 hours to 23:00 GMT, the USD rose 0.09% against the CAD and closed at 1.3084 on Friday.

In the Asian session, at GMT0400, the pair is trading at 1.3100, with the USD trading 0.12% higher against the CAD from Friday’s close.

The pair is expected to find support at 1.3060, and a fall through could take it to the next support level of 1.3019. The pair is expected to find its first resistance at 1.3150, and a rise through could take it to the next resistance level of 1.3199.

Amid lack of macroeconomic releases in Canada today, investor would focus on global macroeconomic factors for further cues.

The currency pair is trading in between its 20 Hr and 50 Hr moving averages.

For the 24 hours to 23:00 GMT, the AUD rose 0.23% against the USD and closed at 0.7095 on Friday.

LME Copper prices declined 0.8% or $51.0/MT to 6159.0/MT. Aluminium prices declined 1.0% or $20.0/MT to $1961.0/MT.

In the Asian session, at GMT0400, the pair is trading at 0.7098, with the AUD trading slightly higher against the USD from Friday’s close.

Elsewhere in China, Australia’s largest trading partner, China’s industrial profits advanced 4.1% on an annual basis in September, following a rise of 9.2% in the previous month.

The pair is expected to find support at 0.7045, and a fall through could take it to the next support level of 0.6991. The pair is expected to find its first resistance at 0.7128, and a rise through could take it to the next resistance level of 0.7157.

Trading trend in the Aussie today is expected to be determined by Australia’s building approvals for September, set to release overnight.

The currency pair is trading above its 20 Hr and 50 Hr moving averages.

For the 24 hours to 23:00 GMT, Gold rose 0.28% against the USD and closed at USD1237.70 per ounce on Friday, amid weakness in the greenback and global equities.

In the Asian session, at GMT0400, the pair is trading at 1235.80, with gold trading 0.15% lower against the USD from Friday’s close.

The pair is expected to find support at 1230.53, and a fall through could take it to the next support level of 1225.27. The pair is expected to find its first resistance at 1243.53, and a rise through could take it to the next resistance level of 1251.27.

The yellow metal is showing convergence with its 20 Hr and 50 Hr moving averages.

For the 24 hours to 23:00 GMT, Silver rose 0.34% against the USD and closed at USD14.72 per ounce on Friday, tracking gains in gold prices.

In the Asian session, at GMT0400, the pair is trading at 14.69, with silver trading 0.17% lower against the USD from Friday’s close.

The pair is expected to find support at 14.59, and a fall through could take it to the next support level of 14.49. The pair is expected to find its first resistance at 14.79, and a rise through could take it to the next resistance level of 14.89.

The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.

For the 24 hours to 23:00 GMT, Crude Oil rose 0.97% against the USD and closed at USD67.67 per barrel on Friday, amid worries over global supply levels.

Meanwhile, fresh figures from Baker Hughes disclosed that the number of active oil rigs rose for the third consecutive week by 2 to 875 in the week ended 26 October, marking its highest level since 2015.

In the Asian session, at GMT0400, the pair is trading at 67.63, with oil trading 0.06% lower against the USD from Friday’s close.

The pair is expected to find support at 66.57, and a fall through could take it to the next support level of 65.51. The pair is expected to find its first resistance at 68.32, and a rise through could take it to the next resistance level of 69.01.

Crude oil is trading above its 20 Hr and 50 Hr moving averages.

First, a review of last week’s events:

EUR/USD. When giving the forecast, we assumed that none of the events noted in the economic calendar would be able to considerably shake the market. And we were right: the market reacted rather sluggishly even to the ECB chair Mario Draghi 's statements and to the US GDP data, which turned out to be 0.2% higher than expected.

Our second forecast for the past week was the growth of the dollar, which had been supported by 70% of the experts. And it did strengthen against the euro by about 200 points. The EUR/USD pair was going down neatly, step by step, as if by staircase, for the whole week, until it reached the level of 1.1335.

After that, the euro won back 65 points, and the pair completed the week in the 1.1400 zone;

GBP/USD. Recall that more than 90% of experts, supported by the absolute majority of indicators, had expected a further fall of the British currency. The forecast turned out to be absolutely correct, and the pound lost about 300 points. The pair’s chart practically repeats the EUR/USD chart: a decline accompanied by regular corrections until the very end of the week, when the pair stopped at 1.2825;

USD/JPY. If when giving the forecasts for the European currencies, the experts had expected the dollar to rise, here their opinion was just the opposite: the yen should have strengthened, albeit slightly, against the backdrop of the US-Chinese trade wars. The immediate targets were named as the levels of 112.00 and 111.65. They were alternately reached by the pair, it groped the bottom at 111.37 and ended the week in the 111.88 zone;

Cryptocurrencies. As we had predicted, having calmed down after the fake news input on Monday, October 15, the market moved to the consolidation phase. The ripple demonstrated the highest volatility (about 8%). A At the same time, the bitcoin, the litecoin and the ethereum behaved even quieter than many conventional currency pairs and equity. The BTC/USD, for example, stayed in a very narrow corridor of $6,460-6,655, even despite another hacking of another crypto exchange.

We are talking about the attack of the North Korean Lazarus hacker group at the Swiss exchange Trade.io. In general, according to the CipherTrace, the number of crypto thefts in 2018 increased by 3.5 times if compared with the previous year, and the total amount of stolen funds is rapidly approaching a round figure of 1 billion US dollars. Moreover, about 60% of thefts were carried out by North Korean hackers.

As for the forecast for the coming week, summarizing the opinions of a number of analysts, as well as forecasts made on the basis of a variety of methods of technical and graphical analysis, we can say the following:

EUR/USD. The majority of analysts are still waiting for further strengthening of the dollar. Although, this majority is small, 55% vs. 45%.

There will be a lot of various economic events next week, among which we would note two events. The first one is publishing of the Eurozone GDP data for the 3rd quarter on Tuesday, October 30. If it turns out to be no worse or at least the same as in the 2nd quarter, this can play in favor of the euro.

As for the dollar, the data on the labor market (including NFP), which will be released on Friday, November 2, may side with it.

At the time of writing this forecast, the vast majority of trend indicators and oscillators are colored red. However, 10% of the oscillators are already giving signals that the pair is oversold on D1, which is a precursor to a possible strong correction, as a result of which, according to the indications of graphical analysis, the pair can rise to the level of 1.1450 or another 80 points higher, to the level of 1.1530, and then continue to fall.

The goal of the bears is the year's low of 1.1300, which was fixed on August 15. The pair is unlikely to go below this mark before the mid-term elections in the US on November 6 and the Fed meeting on November 8. Although one cannot exclude any attempts to break through this support;

GBP/USD. The pound has already reached the September lows in its fall, the next goal is the 2018 lowest point, 1.2660. And 70% of experts do not see serious obstacles to achieve it

The Brexit problems have not disappeared, the country's economy is lame, and the threat of Prime Minister Theresa May’s resignation has been added to all this. As a result, the British pound is quickly losing its attractiveness to investors and is moving from being from a refugee currency into the category of risky assets.

However, 30% of analysts are still hoping for a rebound upwards, amid this bleak picture. This can be facilitated by the fixing by major players of the monthly profit on the dollar, as well as by the positive news following the Bank of England meeting on Thursday, November 01. As a result of the rebound, the pair may return to the zone 1.3045-1.3255. The nearest resistance is 1.2930.

The indicators' readings for the pair almost 100% repeat the readings for the euro/dollar pair: almost all of them are colored red, and only 10% of the oscillators signal that the pound is oversold.

A compromise version is offered by the graphical analysis, according to which the pair may move in the side channel 1.2800-1.2930 for a few days;

USD/JPY. By Friday, October 26 evening, the pair stopped its fall and, having turned, was able to break through the strong support/resistance level of 111.80. Most experts (70%), supported by graphical analysis, believe that this is a clear signal to the next strengthening of the dollar and the rise of the pair to at least 112.85. The following goals are 113.35 and 114.55.

The remaining 30% of analysts vote for the alternative scenario. They hope that the Bank of Japan meeting, and the speech of its head Haruhiko Kuroda on Wednesday October 31 will be able to support the Japanese currency and help it reach values in the 110.75-111.40 zone;

Cryptocurrencies. The number of Google searches for the reference cryptocurrency has decreased by 93% in the ten months of this year. The total capitalization of the crypto market has been fluctuating around $200 billion for more than two months, which indicates a decline in investor interest in both the bitcoin and the market as a whole.

The market can only be revived by the appearance of really important news. Otherwise, the BTC/USD pair will continue to move in a narrow range of $6,325-6,660 with a predominance of the bearish sentiment. The next resistance is 6,780, and the support, as before, is in the mining profitability zone of $6,100.

Daily Pivots: (S1) 0.7037; (P) 0.7070; (R1) 0.7121; More...

Intraday bias in AUD/USD remains neutral at this point. As long as 0.7159 resistance holds, near term outlook will remain bearish and further decline is expected. Break of 0.7020 extend the down trend from 0.8135 towards 0.6826 low. However, firm break of 0.7159 will be a first sign of trend reversal, on bullish convergence condition in 4 hour MACD, and turn bias back to the upside for 0.7314 resistance.

In the bigger picture, fall from 0.8135 is tentatively treated as resuming long term down trend from 1.1079 (2011 high). Decisive break of 0.6826 will target 0.6008 key support next (2008 low). On the upside, break of 0.7314 resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook stays bearish even in case of strong rebound.

Daily Pivots: (S1) 1.3064; (P) 1.3111; (R1) 1.3155; More...

Further rise is expected in USD/CAD as long as 1.2969 support holds. The choppy decline from 1.2285 should have completed 1.2781 already. Rise from 1.2781 should target 1.3225 resistance to confirm this bullish case, and pave the way to 1.3385 next. However, break of 1.2969 will mix up the outlook again and turn bias back to the downside.

In the bigger picture, current development revives the case that corrective fall from 1.3385 has completed at 1.2781 already. And whole up trend from 1.2061 (2016 low) is ready to resume. Break of 1.3385 will target 61.8% retracement of 1.4689 (2016 high) to 1.2061 at 1.3685. This will now be the favored case as long as 1.2781 support holds.