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USD Daily Review November 1, 2018

USD Daily Review for November 1, 2018

AUD/USD Rebound Unravels Ahead of RBA as CPI Report Fails to Impress

The recent rebound in AUD/USD may continue to unravel ahead of the next RBA meeting as the central bank is expected to keep the cash

 

Beware the GBP/USD Rebound Amid Surge in Retail Long-Interest

The ongoing shift in retail sentiment undermines the recent rebound in the GBP/USD exchange rate as the pickup in volatility sparks a sharp rise in

 

USD/CAD Price Outlook: Key Resistance Holds into the October Close

Canadian Dollar has remained rather resilient despite broad-based USD strength. Here are the targets & invalidation levels that matter on the USD/CAD charts this week.

 

US Dollar to Fresh Yearly Highs as Dow, S&P Bounce at Month-End

The US Dollar is continuing to push to fresh yearly highs as markets wind down the first month of Q4. EUR/USD is approaching 1.1300 –

 

NZD/USD: bears looking for a test of the 61.8% Fibo

NZD/USD has been attempting to break up on two significant rallies, one which met supply just ahead of the bearish channel resistance scoring a high o

 

USD/MXN jumps to 20.40, up 5% in 3 days

The Mexican peso continued to slide against the US dollar and hit the lowest since mid-June. The USD/MXN resumed the move to the upside after a modest

 

NZD/USD to move around 0.65 over the coming months – BNZ

The forecasts of the Currency Research Team at BNZ show the NZD/USD hovering around 0.65 through the next six months, but they are not confident enoug

 

EUR/JPY: supporting EUR/USD from break of 2018 lows, Wall Street optimism flying high

EUR/USD has been on the backfoot since a resurgence in the greenback, strong consumer confidence numbers, healthy ADP data and weak EZ GDP combined in

 

USD/CAD touches new 7-week highs above 1.3160 as oil sell-off continues

After edging down to the 1.31 area with the initial market reaction to the GDP data from Canada, the USD/CAD reversed its course and rose to its highe

 

GBP/USD to trade somewhat circumspect considering Brexit – Scotiabank

Analysts at Scotiabank explained that Sterling trading is likely to remain somewhat circumspect as Brexit and the resulting political headwinds contin

 

USD/CHF extends rally to fresh 17-month highs above 1.0080

The USD/CHF pair’s unabated rally continues on Wednesday with the greenback gathering further strength on upbeat macroeconomic data releases. As of wr

 




USD/JPY losing bull’s commitments on 113 handle, but still bullish above cloud support

USD/JPY has been making a case for the upside in a two-week phase of dollar bullishness while the environment for bulls has improved. Risk sentiment h

 

EUR/USD hits fresh 10-week lows near 1.1300 after a brief spike to 1.1345

The EUR/USD pair rose to 1.1346 amid market volatility near the London fix and a spike to the upside in GBP/USD. But the move higher was short-lived a

 

When is the Aussie Trade Balance, and how could it affect the AUD/USD?

Aussie Trade Balance overview Early Thursday at 00:30 GMT sees September’s Australian Trade Balance data, with the headline figure forecast to improv

 

AUD/USD ticks lower ahead of Aussie Trade Balance

The AUD/USD drifted lower through Tuesday’s trading, falling back to the 0.7050 zone as the Antipodean proved unable to keep itself aloft near the 0.7

 

USD/JPY and AUD/USD Forecast November 1, 2018

The US dollar try to rally against the Japanese yen during the trading session on Wednesday but gave back quite a bit of the gains. By doing so, it looks as …

 

EUR/USD and GBP/USD Forecast November 1, 2018

The Euro broke down again during trading on Wednesday, as we are pressing the 1.13 level. Quite frankly, it looks as if we will break through this area, and …

 

Argentina And The Lure Of Dollars

Argentina’s last debt default was only 17 years ago. Yet once again it has an unsustainable dollar debt pile. How did it get into this mess, and how can it avoid building up dollar debt again in future?

 

An Australian Dollar Spoiling for a Rally with the Right Spark

Despite volatile risk trends and downward fundamental pressure, the Australian Dollar has held strong in the face of high profile themes.

 

A Risk Bounce with Few Fundamental Footholds and a Large S&P 500 Tail, Dollar Breakout?

Despite the strong gap higher on Wednesday, US equities faced key former support as resistance and ended with a large tail. Brexit and Italy continue

 

EUR/USD Technical Analysis: Critical Long-Term Support Broken

The Euro finished October with a break below support capping losses for five months, opening the way for the decade-long downtrend to resume.

 

Japanese Yen Technical Analysis: USD Fights Back, May Be Tired

The Japanese Yen has come under renewed pressure against the Dollar, which has so far averted a key downside test in USD/JPY. Dollar bulls still

 

AUD/USD Prices Aim Higher on Trade Balance Ahead of RBA Decision

AUD/USD soared on better-than-expected September Australian trade balance data, but upside momentum may be at risk due to rate differentials or risk aversion as the

 




AUD/USD: Put value hits one-month low

The AUD/USD created a hammer candle last week, signaling a bearish exhaustion. The currency pair has found acceptance above 0.71 today and could soon

 

GBP/USD: Put value drops sharply on Brexit optimism

The FT reported in Asia that UK’s Prime Minister Theresa May has sealed a Brexit deal on financial services. In response, the GBP/USD pair jumped 90

 

GBP/USD’s launch into 1.2850 may be premature with BoE in the barrel

The GBP/USD is trading into the 1.2850 level after a hectic Asia market session saw the Pound take a firm step higher after headlines broke that the E

 

EUR/USD: Bearish monthly close, but China stimulus talk could shake out weak bears

The EUR/USD pair closed well below the key support of 50-month simple moving average (SMA) yesterday, signaling a resumption of the sell-off from the

 

Pound jumps against dollar on report of Brexit banks deal breakthrough

The British pound jumped against the U.S. dollar GBPUSD, +0.8303% on Thursday after a report that the U.K. has reached a post-Brexit deal for the fina

 

Dismal ISM Manufacturing Survey to Fuel EUR/USD Rebound

Updates to the ISM Manufacturing survey may rattle the U.S. dollar as the index is expected to narrow to 59.0 from 59.8 in September.

 

AUDUSD and NZDUSD on Cusp of Breaking Above Key Levels, Lines

Aussie and Kiwi have been stuck in downtrends for most of the year, but some relief could come with important hurdles on the verge of

 

US Dollar Index finds initial support near 96.50 ahead of ISM

The greenback, in terms of the US Dollar Index (DXY), is correcting lower today following a pick up in the sentiment around the risk-associated comple

 

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