FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook 
FxWirePro- Woodies Pivot(Major) 
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed 
FxWirePro- Major Crypto levels and bias summary 
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865 
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K 
FxWirePro: GBP/NZD retreats slightly but trend is still bullish 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption 
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185 
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook 
FxWirePro: USD/ZAR edges higher but bearish outlook persists 
FxWirePro:EUR/AUD eases but bullish outlook persists 
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains 
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212 
FxWirePro: GBP/USD dips lower on negative UK retail sales data 
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact 
Ichimoku Analysis (4-hour chart)
Tenken-Sen- $1993.06
Kijun-Sen- $1990.67
Gold pared some of its gains after Fed monetary policy. It hit a low of $1969.91 yesterday and is currently trading around $1985.77.
FOMC has kept its rates unchanged at 5.50% as expected. It has maintained the current pace of QT. The central bank said that inflation is elevated and has kept doors open to hike rates depending on economic developments.
US ISM manufacturing PMI declined to 46.70 in Oct, compared to a forecast of 49. Private sector payroll surged 113000 in Oct vs. Estimate of 149000.
Major Economic data for the day
Nov 2nd, 2023, BOE monetary policy (12:30 pm GMT)
US dollar index- Bullish. Minor support around 105/104.50. The near-term resistance is 107.50/109.
According to the CME Fed watch tool, the probability of a no-rate hike in Nov decreased to 97.70% from 99.20% a week ago.
The US 10-year yield trades higher ahead of Fed monetary policy. The US 10 and 2-year spread narrowed to -16.7% from -75%.
Factors to watch for gold price action-
Global stock market- Bearish (positive for gold)
US dollar index - Bullish (Negative for gold)
US10-year bond yield- Bullish (Negative for gold)
Technical:
The near–term support is around $1975, a break below targets of $1960/$1950/$1926. The yellow metal faces minor resistance around $2010 and a breach above will take it to the next level of $2020/$2048.
It is good to buy on dips around $1970-72 with SL around $1960 for TP of $2000/$2020.
