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USD Daily Review November 3, 2017

USD Daily Review for November 3, 2017

Australian Dollar Mixed Based on Sentiment

The combination of current sentiment and recent changes gives us a further mixed AUDUSD trading bias.


AUD/USD Rebound to Face Bearish Formations, Wait & See RBA

Broader outlook for AUD/USD remains tilted to the downside as the exchange rate preserves the bearish trends carried over from the summer months.


Dollar pares loss as Trump selects Powell as Fed chairman

The U.S. dollar registered some modest gains after President Donald Trump on Thursday announced he would nominate Jerome Powell to be chairman of the


EUR/USD and GBP/USD Forecast November 3, 2017

The EUR/USD pair rallied a bit during the day on Thursday, reaching towards the 1.17 handle. However, this was the neckline from a significant head and shoul…


USD/JPY and AUD/USD Forecast November 3, 2017

The US dollar initially fell during the trading session on Thursday, but turned around to form a hammer. The hammer is facing significant resistance just abo…


Australian Dollar Stays Down Despite Better China Caixin PMIs

The Australian Dollar was hit by weak domestic retail data Friday and it continued its sulk despite some improved service-sector data out of China.


Will the Dollar, S&P 500 Derive More Drive from NFPs than Fed and Powell?

Another high profile alert Thursday afternoon was the announcement that US President Trump had chosen FOMC Board Member Jerome Powell as the next Chairman of


Upbeat U.S. Non-Farm Payrolls (NFP) to Tame Post-FOMC EUR/USD Recovery

A marked rebound in U.S. Non-Farm Payrolls (NFP) may undermine the recent rebound in EUR/USD as it puts pressure on the FOMC to deliver a



EUR/USD: Bearish (since 27 Oct 17, 1.1640): Scope for extension to 1.1530.While we continue to hold the view that the current weakness has scope to extend lower to 1.1530 (see Chart of the Day on 27 Oct, spot at 1.1640), EUR has been trading mostly sideways since then. Downward momentum has waned with the consolidation and this does not bode well f


Trading Outlook: NFPs, DXY, EUR/USD, GBP/USD, Gold Price & More

Today, we briefly discussed the US jobs report, but primary focused on the near-term technical landscape for major USD-pairs and a few cross-rates and commodities/indices.


Preview for October NFPs and Outlook for the US Dollar

Following one of its best weeks of the year, the US Dollar (via DXY Index) has traded largely sideways in the days leading up to


EUR/USD Technical Analysis: Topping Pattern Remains Valid

The Euro has made little downward progress since completing a bearish Head and Shoulders chart formation, but the topping remains conspicuously valid.


Dollar jumps to 10-month high against Turkey’s lira on inflation report

The U.S. dollar soared against the Turkish lira early on Friday, pushed higher after Turkey’s consumer-price inflation for October came in higher than


Trading Outlook: NFPs, DXY, EUR/USD, GBP/USD, Gold & More

Today we briefly discussed the US jobs report, but primary focused on the near-term technical landscape for major USD-pairs and a few cross-rates and commodi…


Have a nice trading!

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