GBP/USD jumps to 1.3160 after the Bank of England’s unexpected dovish stance. With steady rates and hints at earlier cuts, sterling gains on improving UK inflation and growth data. Technicals show bullish momentum—eyes on 1.3180 resistance and possible push higher. #Forex #GBPUSD
Foschini Group’s half-year earnings fall short of expectations, with profits sliding nearly 45 percent amid rising costs and weaker consumer demand. The company’s share price plunged over 50 percent on the JSE, breaking key support levels and signaling deep investor concern about challenges facing South Africa’s retail sector.
Weekly Forex Forecast (Nov 9-14, 2025) from DailyForex.com highlights key currency movements: EUR/USD seeks direction amid mixed Eurozone data and a strong USD; GBP/USD pressured by UK economic worries and dovish BoE; USD/JPY uptrend fueled by Fed-BoJ policy gap; USD/CHF weakens on SNB dovishness. Stay tuned for critical support and resistance levels and trading strategies.
GBP/USD rockets to 1.3160 as Bank of England signals it’s not done tightening yet. Hawkish BoE tone, strong UK wage growth, and sticky inflation contrast with softer US data and dovish Fed remarks, propelling sterling’s rally. Markets now eye next BoE meeting for further clues. #Forex #GBPUSD
USD/JPY rebounds above 153.00 as buyers regain control, supported by strong US data and the Bank of Japan’s dovish policy. Technicals highlight 153.00 as new support with next resistance near 154.80. Market focus remains on Fed-BoJ policy divergence driving momentum.
Original article by Adam Lemon at DailyForex analyzes key Forex pairs for Nov 9–14, 2025: EUR/USD remains bearish below 1.0800; GBP/USD faces downside pressure after BoE’s dovish stance; USD/JPY climbs on Fed-BoJ rate gap despite intervention risks. Strategic short positions favored amid key economic releases. Full forecast: https://www.dailyforex.com/forex-technical-analysis/2025/11/weekly-forex-forecast-09th-to-14th-november-2025/236712
The Canadian Dollar surged following a stronger-than-expected October jobs report, with employment gains and robust wage growth signaling a resilient labor market. This development has shifted market expectations, reducing the likelihood of early 2025 BoC rate cuts and supporting a stronger CAD outlook through 2025-26. Traders are now eyeing sustained monetary tightening amid persistent inflation pressures.
SoFi Technologies stock pulled back slightly after a strong rally but key support levels held firm. Investor confidence remains high due to robust growth in digital banking services and a broad product lineup. Long-term fundamentals suggest continued upside potential despite short-term volatility.
Weekly Forex Forecast (Nov 9-14, 2025): Markets remain cautious as central banks signal data-dependence and inflation concerns persist. Watch EUR/USD near resistance at 1.0780 for a potential breakout, GBP/USD stuck in range awaiting UK GDP, and USD/JPY near key 152.00 level amid intervention risks. Stay tuned for U.S. data impact. #Forex #FXTrader #MarketOutlook
Forex Technical Analysis: Key Currency Pairs in Focus (9th–14th Nov 2025)
EUR/USD tests resistance near 1.0800 amid bullish momentum and key Fed rate expectations. Support holds at 1.0650; a break lower could open 1.0520.
GBP/USD clings to four-week highs above 1.2275 with upside potential to 1.2500, pending UK GDP data and dollar moves.
USD/JPY corrects from 151.70 resistance as U.S. Treasury yields decline; support eyed at 148.70 with bearish momentum building.
Global economic indicators and policy signals will continue to shape trends this week—watch key data releases for shifts in sentiment.
(Adapted from Mahfooz Ali, DailyForex.com)
