{
  "id": 18355099,
  "title": "Forex Today: US Payrolls and U-Mich come next",
  "url": "https://urgent.news/2026/11/05/forex-today-us-payrolls-and-u-mich-come-next",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-05T18:37:36.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/forex-today-us-payrolls-and-u-mich-come-next-202611051837"
  },
  "original_language": "en",
  "account": "The US Dollar (USD) has maintained its bearish trend, following the marked pullback observed on Wednesday due to the election results. The market is currently in a cautious mood, with the US midterm election aftermath still affecting sentiment. The US Dollar Index (DXY) has fluctuated around the 101.70 level, coinciding with a decline in US Treasury yields. Key economic indicators to be released this week include the Nonfarm Payrolls (NFP), Unemployment Rate, and the flash U-Michigan Consumer Sentiment gauge.\n\nThe EUR/USD pair experienced significant contention near the 1.1200 level before ending the day with modest gains. In Germany, Industrial Production and the EMU's Producer Prices are set to be released. GBP/USD has seen a mix of gains and losses, hovering around 1.3470 and failing to sustain its multi-day upward trend. The Lloyds House Price Index and the BBA Mortgage Rate will also be published in the UK.\n\nUSD/JPY has followed the previous day's retracement, briefly touching the 157.80 zone. In Japan, the Average Cash Earnings and weekly Foreign Bond Investment figures will be unveiled. AUD/USD has experienced a notable decline, hitting fresh three-week lows near the 0.6940 region due to discouraging comments from the RBA's Hauser and overall market caution. The final figures for Building Permits and Private House Approvals in Australia are due on November 9.\n\nWTI crude oil futures (December contract) rebounded from a brief dip to $86.00 per barrel, climbing above the $90.00 mark as uncertainty surrounding the US-Iran-Hormuz situation persists. Gold has gained from the previous day's increase, surpassing the $4,100 level per troy ounce, underpinned by the US Dollar's indecisiveness, falling US Treasury yields, and traders' reassessment of the Democrats' victory in the midterm elections. Born and raised in Argentina, Pablo has been immersed in the FX markets and trading since his college years. AUD/USD has remained stable above 0.7000 during the Asian session, stabilizing the recent recovery from a near three-week low as the Democratic triumph in the US midterm elections and potential Iran diplomacy initiatives continue to exert downward pressure on the US Dollar. Traders, however, remain cautious as the focus shifts to Friday's critical US NFP report. USD/JPY has displayed a negative bias for the second consecutive day due to hawkish Bank of Japan (BoJ) minutes, indicating a consensus to maintain higher interest rates and intervention risks favoring the Japanese Yen. Meanwhile, the US midterm election results and hopes for improved Iran diplomacy have contributed to the weakening of the US Dollar, as traders gear up for Friday's US NFP report. Gold has partially retraced its early rally, but it remains near the $4,100 level per troy ounce, supported by the lackluster performance of the US Dollar and declining US Treasury yields following the midterms. For traders employing fixed daily loss limits on funded or evaluation accounts, the upcoming US employment report on Friday is particularly scrutinized, with a vital question arising: how much of that limit can be absorbed in the first hour, irrespective of the direction?",
  "summary": "The US Dollar (USD) has maintained its bearish tone, building on Wednesday’s election-led marked pullback on Thursday.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}