Forex Weekly Recap: Split Close After New York

Week wrap Neutral bias Nov 13, 2026, 23:03 UTC

James WhitmoreChief Market Strategist · ForexR analyst

After the New York close the dollar is firmer versus EUR, GBP and AUD over five days, gold and crypto are lower, and USD/JPY and USD/CAD are higher. The read is neutral.

After the New York close the last prints leave a split board, so the lean across forex, gold and crypto is neutral. EUR/USD, GBP/USD and AUD/USD are down over five days, while USD/JPY and USD/CAD are up. Gold, Bitcoin, Ethereum and WTI are lower over five days; the Nasdaq 100 is still up 4.67% on that window even after a down day. Asia trades until London opens at 07:00 UTC.

Five-day winners and losers

The five-day percentage change separates the set. The Nasdaq 100 is up 4.67%, USD/CAD is up 1.8%, and USD/JPY is up 1.29%. Ethereum is down 13.81%, Bitcoin is down 9.77%, gold is down 5.27%, WTI is down 2.51%, and AUD/USD is down 2.28%. EUR/USD and GBP/USD are each down 1.75%.

USD/JPY is down 0.09% on the day even with the five-day gain, and the Nasdaq 100 is down 2.04% on the day while still up 4.67% over five days. AUD/USD’s last print at 0.67702 matches the day low. The live currency strength meter lines the dollar crosses up against each other after this close.

Daily trend, RSI and the pivot map

EUR/USD, GBP/USD, AUD/USD, gold, Bitcoin, Ethereum and the Nasdaq 100 all show a down daily trend and a down four-hour trend. Daily RSI is 34.7 on EUR/USD, 40.2 on GBP/USD, 32.2 on AUD/USD, 37 on gold, 31.2 on Bitcoin, 28.2 on Ethereum and 45.5 on the Nasdaq 100. USD/JPY and USD/CAD run the other way: both timeframes are up, with daily RSI at 62.9 and 67.1. WTI is mixed on both timeframes, with daily RSI at 41.

EUR/USD last printed 1.10218, below S1 at 1.10322 and beyond the bottom of the pivot ladder, with the daily pivot at 1.10672 and R1 at 1.10892 overhead. GBP/USD last printed 1.32125, between S1 at 1.32058 and the daily pivot at 1.32438, with R1 at 1.3267 above. AUD/USD last printed 0.67702, below S1 at 0.67844, with the daily pivot at 0.68187 and R1 at 0.68405 overhead. USD/JPY last printed 159.676, between S1 at 159.401 and the daily pivot at 159.712, with R1 at 160.124 above. USD/CAD last printed 1.42698, between the daily pivot at 1.42498 and R1 at 1.42761, with S1 at 1.42288 below. How those rungs are built is set out in the guide to pivot points.

Gold last printed 3873.24, between S1 at 3819.79 and the daily pivot at 3910.06, with R1 at 3967.79 above. Bitcoin last printed 68260.09, below S1 at 70250.1, with the daily pivot at 72364.29 and R1 at 73600.39 overhead. Ethereum last printed 1928.26, below S1 at 1978.41. The Nasdaq 100 last printed 27731.7, below S1 at 27966.9. WTI last printed 88.02, between the daily pivot at 86.789 and R1 at 89.323, with S1 at 85.315 below.

Positioning, yields and the newsflow

As of the week to November 3, speculators were net short EUR/USD, GBP/USD, AUD/USD and USD/JPY, and net long gold, Bitcoin, USD/CAD, the Nasdaq 100 and WTI. Over that reported week they added to the net shorts in EUR/USD, AUD/USD and USD/JPY and added to the net long in WTI, while they reduced the net short in GBP/USD and reduced the net longs in gold, Bitcoin, USD/CAD and the Nasdaq 100.

US Treasury yields at the daily close put the 3-month at 4.32%, the 2-year at 4.88%, up 2 basis points versus November 12, and the 10-year at 5.15%, up 5 basis points, with the 2s10s curve at 27 basis points. Those closes are rate context, not proof of why any price in this set moved.

Late coverage clustered on a firmer dollar and on the metals: FX Street wrote about gold under pressure over the week alongside high US yields and talk of Fed rate increases and said silver remained boxed in a descending channel, while FXEmpire framed the dollar as having reached its targets and asked whether silver was near a breakout. Forex.com focused on dollar price action in EUR/USD and USD/JPY.

What is already scheduled

Tomorrow brings two medium-impact speeches: Fed’s Jefferson speech and, at 11:00 UTC, BoE’s Greene speech. Sunday’s Japan run, all at 23:50 UTC, is led by high-impact gross domestic product, quarter on quarter, previous 0.4 and estimate 0.1, plus medium-impact GDP deflator, year on year, previous 2.6 with no estimate, and medium-impact GDP annualized, previous 1.4 and estimate 0.3.

Monday adds BoJ’s Takata speech, ECB’s Vujčić speech and Fed’s Barr speech, each medium impact. Eurozone industrial production, month on month, is medium impact with a previous of -0.5 and an estimate of 0.6. The NY Empire State Manufacturing Index is medium impact with a previous of 25.5 and no estimate. Canada’s 13:30 UTC block includes medium-impact Bank of Canada core CPI, month on month, with no previous and no estimate, CPI common, year on year, previous 2.4, high-impact Bank of Canada core CPI, year on year, previous 2.2, and CPI median, year on year, previous 1.9. Nothing in that list has an actual yet. The economic calendar guide lays out how those dated items sit on the pairs that carry them.

Bottom line

The neutral read stands because the firmer dollar pairs, the down metals and crypto, mixed oil trends and the Nasdaq 100’s positive five-day change do not point the same way. On EUR/USD, a recovery through S1 at 1.10322 would open the way to the daily pivot at 1.10672, with R1 at 1.10892 beyond it; remaining under that S1 would leave the day low at 1.10196 as the nearest print underneath.

USD/JPY is a different map: a push through the daily pivot at 159.712 would bring R1 at 160.124 into view, while a drop back under S1 at 159.401 would take price out of the band it finished in. Gold reclaiming the daily pivot at 3910.06 would put R1 at 3967.79 overhead; a move through S1 at 3819.79 would leave the last print under the lower rung. Bitcoin is already beneath S1 at 70250.1, so that level is resistance on the way back, with the daily pivot at 72364.29 further up, while the day low at 67537.74 is the downside print already on the board. None of those paths is a promise about the next session.