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USD Daily Review November 1, 2019

USD Daily Review for November 1, 2019

Post-Fed USD Price Action Setups: EUR/USD, GBP/USD, AUD/USD, USD/JPY

Today brought the Fed’s third rate cut for this year, and questions abound about what the bank might do at their final rate decision of 2019 in December.


US Dollar Whipsaws on Powell Presser, FOMC Firms Language

The Federal Reserve just revealed its third straight 0.25% interest rate cut, but firmer language in the FOMC policy statement sent the US Dollar surging only to pivot lower during Fed Chair Powell…


FOMC Rate Decision: US Dollar Vulnerable Around Fed Meeting

Fed meetings tend to cause above-average volatility in the US Dollar. Here’s how EUR/USD, GBP/USD, USD/JPY, USD/CAD, AUD/USD and USD/CHF typically respond to FOMC rate decisions.


Australian Dollar Outlook: Aussie Turn or Burn? AUD/USD Trade Levels

The Australian Dollar surged into critical trend resistance again this week with the FOMC & NFP on tap. Here are the levels that matter on the AUD/USD weekly charts.


Canadian Dollar Price Outlook: BoC Holds, USD/CAD Rallies

Today’s Bank of Canada rate decision saw the BoC hold rates steady as widely expected, but highlighted weaker expectations for growth. Focus now shifts to the Fed.


US Dollar Rises Ahead of Fed, South African Rand Crashes, CAD Eyes BoC – US Market Open

US Dollar Rises Ahead of Fed, South African Rand Crashes, CAD Eyes BoC – US Market Open


Pre-FOMC Preview: Gold, GBP/USD and USD/JPY

Today brings the FOMC for another widely-expected rate cut. But what will Powell say about the Fed’s stance in the coming quarters?


Forex Today: Fed in no preset course, dollar down

Here is what you need to know Thursday, October 3st: The US Federal Reserve cut rates as expected by 25bps, while Chief Powell hinted a pause in rate


AUD/USD takes on the highs of the day, soaking up trade-deal optimism

AUD/USD has taken off in the hourly charts, rallying to a fresh high of the day up at 0.6892 from a low of 0.6848 on a move that has left the 21,50 an


USD/CAD breaks above 1.3200 after Fed cuts rates again and hints at pause

The USD/CAD broke higher and climbed to 1.3207, hitting a fresh one-week high following the release of the FOMC statement. The pair was already sharpl


USD/JPY spikes to 109 after FOMC cuts policy rate

The USD/JPY pair spiked to 109 after the Federal Open Market Committee (FOMC) announced that it lowered the policy rate by 25 basis points to 1.5%-1.7


EUR/USD drops toward 1.1100 as Fed cuts again but signals pause ahead

The EUR/USD dropped from 1.1135 to 1.1101 immediately after the Federal Reserve announced it cut rates by 25bps. The pair then bounced back to the lev


GBP/USD: Federal Reserve cuts rates as expected, cable drops

The US Federal Reserve interest rate decision was in anticipation this month, falling within a very eventful end of the month with plenty of geopoliti


Breaking: USD rocks as Fed cuts rates

— more to come Follow all the updates in the Fed live coverage The Federal Reserve was expected to cut interest rates for the third time in a row and


USD/JPY and AUD/USD Forecast October 31, 2019

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EUR/USD and GBP/USD Forecast October 31, 2019

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Canadian Dollar and US Dollar Fall on BoC and Fed Rate Cut Bets

The Canadian Dollar tumbled as the BoC fueled rate cut bets as Fed Chair Jerome Powell eventually sent the US Dollar lower. AUD/USD faces another test of resistance from 2018


US Dollar Price Volatility Report: Core PCE & NFP Data on Deck

Forex traders turn to upcoming core PCE data due Thursday and a nonfarm payrolls report slated for release Friday for clues on where the US Dollar might head next following the latest FOMC rate cut.


GBP/USD technical analysis: 1-week-old rising channel caps recent recovery

Even after rising to the highest since last Thursday, not to mention successfully crossing 23.6% Fibo. of a fortnight up-move, GBP/USD struggles.


EUR/USD technical analysis: Euro approaching the October highs post-Fed

The Euro is nearing monthly highs after the Fed cut interest rates. The level to beat for buyers is the 1.1165 resistance.


AUD/USD pulls back from three-month high ahead of Aussie Building Permits, China PMI

With the key data from the biggest customer on the cards, in addition to second-tier statistics from home, AUD/USD retraces some of its recent gains.


EUR/USD: Expect NFP Jobs Report to Spark US Dollar Price Action

The release of monthly change in nonfarm payrolls (i.e. US Jobs Report) is due for release Friday at 12:30 GMT and has historically sparked serious volatility in the US Dollar and spot EUR/USD prices.


Japanese Yen Outperforms, Month-End Rebalancing Signals US Dollar Selling – US Market Open

Japanese Yen Outperforms, Month-End Rebalancing Signals US Dollar Selling – US Market Open


US Dollar Falls After ‘Really Significant’ Remark: USD to Support

The US Dollar has fallen since a key comment in yesterday’s FOMC press conference. Can Dollar sellers continue to push with the threat of rate hikes diminished?


EUR/USD Outlook: Eurozone GDP and Inflation Beat Lowly Expectations

Slightly better-than-expected Eurozone inflation and growth data gave EUR/USD a small boost Thursday putting technical resistance under pressure.


Euro Outlook: EUR/USD May Reverse Gains on Eurozone GDP, CPI Data

EUR/USD may reverse some of its recent gains against the US Dollar if Eurozone CPI and GDP data leads to capital outflow from the Euro.


US Dollar Response to Fed Rate Decision, Explained

The US Dollar might have been expected to rise as the Federal Reserve signaled a pause in its interest rate cut cycle. It plunged instead. Why?


Australian Dollar Capped As China Manufacturing PMI Misses Forecasts

The Australian Dollar made gains after US borrowing costs fell but these were halted by news that China’s manufacturing sector remains mired.


USD/KRW Looks to Samsung Earnings, PCE Data After FOMC Decision

USD/KRW will be bracing for Samsung Q3 earnings and US PCE data following the FOMC rate decision and critical commentary from Fed Chairman Jerome Powell.


US Dollar Index technical analysis: DXY registers its worst monthly decline since January 2018

The US Dollar Index (DXY) is trading in a bull channel above its 50 and 100-period simple moving averages (SMAs) on the monthly chart. This month has been the


Forex Today: Dollar got a respite from risk-aversion

Here is what you need to know Friday, November 1st: Risk aversion took over the financial markets on news that China was said that it doubts it would


USD/CHF technical analysis: Greenback nearing the October lows, consolidating near 0.9870 level

On the daily chart, USD/CHF is trading in a range below its main daily simple moving averages (DSMAs). The market is approaching the October low, currently at


AUD/USD technical analysis: Sharp turnaround after hitting new October highs above 0.6900 handle

The Aussie is trading in a bear trend below the 200-day simple moving average (DMA) on the daily chart. This Thursday the Aussie reached a new October high sho


USD/JPY extends slide toward 108 on flight to safety

The USD/JPY pair came under strong bearish pressure during the European trading hours on Thursday as the resurfacing worries over the United States an


EUR/USD technical analysis: Fiber bounces from daily lows, back near 1.1150 level

On the daily chart, the Fiber is trading in a bear trend below its 200-day simple moving average (DMA). This Thursday, the spot is trying to break above the Oc


GBP/USD technical analysis: Cable easing from daily highs trading below 1.2950 level

GBP/USD is retracing down from daily highs in the New York session. The level to beat for bulls is the 1.2933/50 resistance.


US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY

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USD/CAD Technical Analysis Using Client Sentiment Data

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USD/JPY and AUD/USD Forecast November 1, 2019

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EUR/USD and GBP/USD Forecast November 1, 2019

For additional up-to-date Forex Trading information: News (, Technical Analysis (…


USD/JPY and AUD/USD Outlook Bearish as Trade War Fears Resurface

The Japanese Yen soared as trade war fears resurfaced and dismal US business activity sunk the S&P 500, emerging markets. Is USD/JPY topping? The Australian Dollar may depreciate.


GBP/USD pulls back from multi-day top as traders gear up for month-start economics

With the last month proved to be the worst for the US Dollar Index (DXY) since January 2018, greenback traders await month-start catalysts for fresh direction.


AUD/USD: On the back foot amid broad risk-off, China PMI in focus ahead of US NFP

Unlike other Antipodeans, AUD/USD fails to cheer the greenback weakness as broad risk-off pulls the quote back from fresh three-month high.


Australian Dollar Jumps as China PMI Data Tops Expectations

The Australian Dollar jumped higher alongside the ASX 200 stocks benchmark as Caixin PMI data put Chinese manufacturing growth at a 20-month high.


Post-Fed AUD/USD Advance Fizzles amid Doubts Over US-China Trade Deal

AUD/USD may struggle to hold its ground ahead of the Reserve Bank of Australia (RBA) meeting on November 5 amid doubts surrounding the US-China trade deal.


US Dollar Price Volatility Report: Nonfarm Payrolls, ISM PMI Ahead

USD price action could face a make-or-break turn during Friday’s trading session as forex traders await the highly anticipated NFP report in addition to the latest ISM Manufacturing PMI reading.


USD/JPY technical analysis: Sellers look for entry below 108.00/107.95 confluence

Despite declining to a three-week low, USD/JPY fails to extend the south-run as its nearness to the important technical indicators.


GBP/USD holds on to recovery gains ahead of UK Manufacturing PMI, US NFP

GBP/USD keeps its latest recovery mode active as it takes the bids to 1.2960 while heading into the London open on Friday.


EUR/USD: Market turns indecisive ahead of US Nonfarm Payrolls

The EUR/USD market seems to have turned indecisive ahead of the all-important US Nonfarm Payrolls report, which is expected to show the job growth slo


USD/INR technical analysis: 50-day SMA, two-month-old trendline exert downside pressure

Following its failure to remain strong around nine-day high, mainly due to 50-day SMA, USD/INR declines to 70.97 by the press time of early Friday.


USD/CNH turns red on solid Caixin October PMI

The bid around China’s offshore Yuan (CNH) strengthened, pushing the USD/CNH pair lower from the session high of 7.0515 after key data showed China’s


EUR/USD technical analysis: Attempting gains, today’s close pivotal

EUR/USD has so far gained 13 pips in Asia and is trading at 1.1161, representing a 0.10% gain on the day. On Thursday, the pair clocked a high and low


AUD/USD hits session high above 0.69 on above-forecast China Caixin Manufacturing PMI

AUD/USD jumped 10 pips to 0.6907, extending the recovery from the low of 0.6884 seen in the early Asian trading hours after China’s factory gauge bett


Caixin Manufacturing PMI: 51.7 vs expectations of 51, AUD/USD firms

The Oct Caixin-sponsored manufacturing PMI, which was expected around 51 following yesterday’s NBS measures that showed declines in both the manufactu


US Dollar May Extend Decline on Key Jobs Reports, PMI Data

The US Dollar may continue to fall against its major counterparts if nonfarm payrolls data and PMI reports miss estimates and Fed rate cut bets push the Greenback lower.


USD/CAD consolidates around mid-1.3100s, NFP awaited

The USD/CAD pair extended its sideways consolidative price action on Friday and is currently placed at the lower end of a two-day-old trading range, a


AUD/USD clings to upbeat Chinese data-led gains, just above 0.6900 handle

The AUD/USD pair regained some positive traction on the last day of the week, with bulls making a fresh attempt to build on the momentum further beyon


US Dollar Index remains depressed near 97.20, looks to NFP

The Greenback, in terms of the US Dollar Index (DXY), remains well on the defensive this week and is now trading at shouting distance from 2-week lows


Forex Today: Dollar defeated ahead of Non-Farm Payrolls, Chinese data cheers markets

Here is what you need to know on Friday, November 1: Tension is mounting toward the US Non-Farm Payrolls, with the US Dollar consolidating its post-Fe


Brexit Latest: GBPUSD Stair Stepping Higher as PM Johnson Enjoys GE Poll Boost

Sterling continues to move higher with GBPUSD making five consecutive bullish candles this week (so far). PM Johnson received a fillip Thursday with General Election polls showing the Conservative …


Breaking: Non-Farm Payrolls beats 128K, USD rises

— more to come Follow all the Non-Farm Payrolls updates live October’s Non-Farm Payrolls report was expected to show an increase of only 89,000 jobs


AUD/USD technical analysis: Sticks to modest gains, around 0.6900 handle ahead of NFP

The AUD/USD pair struggled to capitalize on the early uptick, albeit has still managed to hold its neck above a previous resistance breakpoint, now tu


When is the US monthly jobs report (NFP) and how could it affect EUR/USD?

Friday’s US economic docket highlights the release of the closely watched US monthly employment details, popularly known as NFP. The report is schedul


NZD/USD sticks to gains above 0.64 ahead of key US data

The NZD/USD pair continued to edge higher during the Asian trading hours and touched its best level in seven weeks at 0.6442. With the market action t


EUR/USD Technical Analysis: a break above 1.1180 should pave the way for a test of the 200-day SMA

EUR/USD Overview Today last price 1.1144 Today Daily Change 25 Today Daily Change % -0.09 Today daily open 1.1154 Trends Daily SMA20 1.1074 Daily SMA


US Dollar Index Technical Analysis: needs to regain the 200-day SMA to reassert the upside bias

Dollar Index Spot Overview Today last price 97.32 Today Daily Change 19 Today Daily Change % 0.00 Today daily open 97.32 Trends Daily SMA20 98.04 Dai


GBP/USD holds steady around mid-1.2900s, moves little post-UK PMI

The GBP/USD pair held on to its mildly positive tone through the early European session on Friday and had a rather muted reaction to the latest UK mac


Have a nice trading!

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