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USD Daily Review November 7, 2017

USD Daily Review for November 7, 2017

GBP/USD Technical Analysis: The Cable Congestion Continues

The British Pound had a tumultous month after the August breakout. But since then, the pair has been lacking direction, and even a rate hike


EUR/USD Vulnerable to Further Losses on More Cautious ECB Rhetoric

A batch of dovish ECB rhetoric may produce headwinds for EUR/USD as President Mario Draghi and Co. plan to carry the quantitative easing (QE) program


EUR/USD Turn Continues as USD Remains Persistently Bullish

The U.S. Dollar continues to show signs of strength, but with bulls unable to leave behind the 95.00 level in DXY, a deeper retracement may


Gold ends up 1% to book best gain in 6 weeks as dollar slumps

Gold futures settled sharply higher Monday, along with broader gains in the commodity complex, as a surge in prices of crude oil offered some signs of


Weekly Technical Outlook: USD Crosses Eye Make or Break Levels…


EUR/USD and GBP/USD Forecast November 7, 2017

The Euro initially fell on Monday, reaching down below the 1.16 level. However, by the time the Americans were done trading we had seen the market turned aro…


USD/JPY and AUD/USD Forecast November 7, 2017

The US dollar initially rallied on Monday, breaking above the vital 114.50 level. There is a significant amount of resistance above there and towards the 115…


Wait-and-See Reserve Bank of Australia (RBA) to Rattle AUD/USD Rebound

The RBA interest rate decision may rattle the near-term rebound in AUD/USD as the central bank appears to be on course to carry the record-low


NZD/USD Elliott Wave Analysis: Temporary Relief Rallies

Using Elliott Wave theory, the correction lower in NZD/USD appears incomplete. Learn more on levels we are following.


Dollar and VIX Run Remains Elusive, USD/JPY and RBA Charged

Last week ended with record high US equity highs and an equivalent low in the VIX volatility index. This consistency strains the credulity of even


Asia AM Digest: Aussie Dollar Gains Ground Before RBA Rate Decision

The Australian Dollar found support in the misfortunes of its US counterpart yesterday. It now turns to the RBA monetary policy announcement for direction cues.


DXY Index Nears Resistance as First EUR/USD H&S Target Hit

The DXY Index is back near a key level from mid-July, while EUR/USD has achieved the initial target level outlined back in late-September.


EUR/USD Technical Analysis: Ready to Make Good on Topping Setup?

The Euro is attempting to make good on a bearish Head and Shoulders topping pattern, with the single currency testing three-month lows against the US


Forex: Top FX Headlines: DXY Index Nears Resistance as First EUR/USD H&S Target Hit: 11/7/17

– EUR/USD hits initial head & shoulder’s target of 1.1554 as outlined on October 6. – DXY Index trading just below 95.17, the July 20 bearish outside engulfi…


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