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USD Daily Review October 26, 2017

USD Daily Review for October 26, 2017

USD/JPY: In A 113.50-114.50 Range For The Remainder Of The Week – ING

ING FX Strategy is bullish on USD/JPY in the near-term, sees the pair trading in 113.50-114.50 for the remainder of the week.”Week-end Japanese elections saw Abe’s LDP party performing exceptionally well and securing the two-thirds super-majority in the lower house. This confirms a continuity of Abe’s policies. Thus the BoJ remains las


EUR/USD Outlook Mired by Head-and-Shoulders Formation

The ECB rate decision may alter the near-term outlook for EUR/USD as President Mario Draghi and Co. appear to be on course to wind down


Australian Dollar Set to Fall on Bearish Bias

The combination of current sentiment and recent changes gives us a stronger AUDUSD-bearish contrarian trading bias


Bank of Canada Keeps Rates on Hold, Canadian Dollar Falls Sharply

The BOC’s Monetary Policy Report reflected a less hawkish policy bias, tripping up the Canadian Dollar.


Technical Outlook for US Dollar, EUR & GBP Crosses, Gold, and More

We focused our attention the DXY, Euro heading into tomorrow’s ECB meeting, USD-pairs, EUR & GBP crosses; light coverage of gold/silver and indices


Gold turns higher by the settlement as U.S. dollar weakens

Gold prices turned higher by the settlement on Wednesday to tally a modest gain as the U.S. dollar index traded near the session’s lows. The ICE U.S.


Canadian dollar slumps as BOC leaves rates unchanged

Updating to correct the spelling of the name of Bank of Canada Gov. Stephen Poloz. The Canadian dollar fell to its lowest level since mid-July agains


Dollar slumps against peso as Bank of Mexico boosts dollar hedges

The U.S. dollar registered a sharp drop against the Mexican peso early on Wednesday, after the Bank of Mexico said it would up its hedges against agai


EUR/USD and GBP/USD Forecast October 26, 2017

The EUR/USD pair rally during the day on Wednesday, breaking above the top of the shooting star from the previous session. We have also seen the 1.17 level o…


EUR/USD: 2 Possible Surprises From ECB; EUR Positioning Into The Meeting – BofAML

Bank of America Merrill Lynch FX Strategy Research expects the ECB to extend QE by EUR30bn per month for 9 months, offsetting less QE with stronger forward guidance on rates.”Markets already expect a dovish ECB, but we see two potential surprises.First, if Draghi clarifies that what happens to QE after this week’s extension is not a given


AUD/USD Technical Analysis: Aussie Hits 3-Month Low. Now What?

The Australian Dollar dropped to the lowest level in over three months against its US counterpart, hinting the down trend started in early September is


New Zealand Dollar Recovers from Mostly Sour Trade Data

The New Zealand Dollar avoided declining on mostly sour trade data as continued uncertainty around the Reserve Bank Act overshadowed it.


ECB Preview: QE Exit Strategy to Influence EUR/USD

Fresh updates coming out of the ECB may heavily influence the near-term outlook for EUR/USD if President Mario Draghi and Co. unveil a detailed exit


Currency In Play: EURUSD Euro comfortably numb above $1.1800 ahead of ECB QE decision


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