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USD Daily Review November 21, 2019

USD Daily Review for November 21, 2019

Silver Price Forecast: XAGUSD May Fall Further Despite Risk Aversion

The price of silver has slipped in the last two months after peaking on September 4 and a further decline in ETF holdings could suggest XAGUSD is headed lower still unless risk aversion spikes furt…


AUD/USD, GBP/USD Present Two Different Ways to Approach the US Dollar

Break or bend in the USD, there’s a major pair for either scenario with short setups in AUD/USD to go along with bullish scenarios in GBP/USD.


Dow Tumbles, USDCNH Spikes on Trade Deal Doubts

Markets were injected with volatitlity this afternoon as trade war headlines crossed the wires, casting doubt on a US-China trade deal being complted this year.


US Dollar Bounces as EUR/USD, GBP/USD Edge Lower – US Market Open

US Dollar Bounces as EUR/USD, GBP/USD Edge Lower – US Market Open


Gold Price Forecast: XAUUSD Bounces but Can Bulls Retain Control?

Gold prices have put on a tone of recovery over the past week, but is the big picture bullish theme back in order?


EUR/USD remains steady above 1.1060 after FOMC minutes

The EUR/USD pair continued to trade around 1.1065 after the Federal Reserve (Fed) released the minutes of its latest meeting. Previously the euro spik


USD/JPY: FOMC minutes as expected, USD/JPY steady despite trade-deal headline downside risks

USD/JPY has on the back of the Federal Open Market Committee minutes which had been expected to signal that policy is on hold for now, barring a mater


USD/CAD Technical Analysis: Greenback is spiking to fresh November highs ahead of FOMC

USD/CAD daily chart The loonie on the daily chart is spiking up above the 1.3300 handle above the main daily simple moving averages (DMAs). The FOMC


USD/JPY slumps to 108.50 after report suggesting trade deal could slip into 2020

After advancing to a fresh daily high above the 108.70 mark, the USD/JPY pair lost its traction as the latest headlines surrounding the United States


When are the FOMC minutes and how could they affect EUR/USD?

The Federal Open Market Committee (FOMC) minutes, of the 29-30 October meeting, will be released on Wednesday at 19:00 GMT. At that meeting, the Feder


US Dollar Index Technical Analysis: DXY trading at two-day highs ahead of FOMC minutes

DXY daily chart DXY (US Dollar Index) is trading in a bull trend above the 200-day simple moving average (DMA). This Wednesday, the market is grindin


EUR/USD Technical Analysis: Euro trading mixed ahead of FOMC minutes

The Euro, on the daily chart, is trading in a bear trend below downward sloping 100 and 200-day simple moving averages (DMAs). EUR/USD is trading mixed ahead o


XAU/USD: Gold retreats from weekly highs, drops to $1465

Gold weakened from the highest level in almost two weeks slightly below $1480/oz and moved lower. Recently it printed a fresh daily low at $1465, just


AUD/USD Technical Analysis: Aussie sidelined near 0.6810 ahead of FOMC minutes

AUD/USD is trading in a bear trend below the 100 and 200-day simple moving averages (DMAs) on the daily chart. This Wednesday, the Aussie is trapped in a tigh


Gold Price News & Forecast: XAU/USD looking to bottom out on the weekly chart

Gold loses momentum ahead of $1,480 as the focus remains on trade, FOMC XAU/USD extended its steady recovery that started last week and touched a fre


USD/JPY and AUD/USD Forecast November 21, 2019

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


NZD/USD on the lower grounds amid fading trade hopes, a lack of major catalyst

NZD/USD keeps it low amid trade pessimism, broad USD strength. No major data during Thursday’s Asian session.


EUR/USD Technical Analysis: Euro rolling into the Asian session below the 1.1083 resistance

The Fiber, on the daily chart, is trading in a downtrend below the downward sloping 100 and 200-day simple moving averages (DMAs). The FOMC minutes on Wednesda


EUR/USD and GBP/USD Forecast November 21, 2019

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


US Dollar, Japanese Yen Turn to OECD Outlook as Trade War Rages

The US Dollar and Japanese Yen may catch a haven bid if the OECD economic outlook spooks investors as US-China trade talks collapse and the Fed warns of elevated downside risks.


USD/SGD May Rise on Trade War Despite Singapore GDP Rebound

The USD/SGD may rise despite a rebound in Singapore GDP as the focus remains on US-China trade war fears. This leaves the Singapore Dollar vulnerable to a trade deal delay.


Australian Dollar: AUD/USD Driven by Dovish RBA, US-China Tension

AUD/USD struggles to retain the rebound from earlier this week amid concerns surrounding the US-China trade negotiations.


AUD/USD, NZD/USD, USD/JPY Slide May Extend on Trade War Fears

The USD/JPY, AUD/USD and NZD/USD may decline after news passed that the US-China trade deal may be delayed, Trump wants China to step up efforts and the HK Bill could come into law.


USD/INR: Mildly positive as US-China row confronts Indian government measures

With the mixed sentiment surrounding the US-China deal keeping the USD on the front-foot, USD/INR finds it hard to extend earlier gains.


EUR/USD: Bearish hammer on D1 ahead of ECB minutes

EUR/USD is looking heavy ahead of the minutes of the European Central Bank’s (ECB) October policy meeting, which are expected to show the members stan


AUD/USD technical analysis: Off lows, but flag breakdown is still valid

AUD/USD has recovered from session lows, but the bulls are not out of the woods yet as a bearish pattern on the 4-hour chart is still valid. The curre


USD/JPY bounces from 200-day MA after Chinese Vice Premier Liu He’s remark on trade

USD/JPY eked out moderate recovery from the 200-day moving average support after China’s Vice Premier and trade negotiator Liu He noted that he is “ca


EUR/USD technical analysis: 50% Fib capping upside, bearish hammer on D1

EUR/USD’s recovery rally from recent lows below 1.10 has stalled around the key Fibonacci level and a pullback could be in the offing. The currency pa


USD/CAD Rate Approaches October High Ahead of BoC Fireside Chat

Fresh comments coming out of the Bank of Canada (BoC) may push USD/CAD to the October high (1.3348) as the central bank alters the outlook for monetary policy.


Forex Today: Trump’s trade deal in trouble, Boris bounces back, EUR/USD awaits ECB Minutes

Here is what you need to know on Thursday, November 21: Trade: Chinese Vice Premier Liu He has said that he is cautiously optimistic about reaching Ph


US Dollar Index recedes from tops, back below 98.00

The greenback, when tracked by the US Dollar Index (DXY), is struggling for direction in the proximity of 97.90 on Thursday. US Dollar Index focused o


Canadian Dollar Forecast: USD/CAD Multi-Week Highs Under Pressure

USD/CAD is printing a fresh six-week high as the Canadian dollar weakens. Markets are now starting to price-in the BoC cutting interest rates early next year, to get ahead of any potential downturn…


Euro Forecast: ECB Minutes May Catalyze EUR/USD Capitulation

The publication of the ECB meeting minutes may catalyze a selloff in the Euro and cause EUR/USD to capitulate as it tests key resistance.


US Dollar Index Technical Analysis: Weekly upside capped just above 98.00

The index is now prolonging the consolidation after the recent failure to extend the march north beyond the key barrier at 98.00 the figure. Immediate


USD/CAD holds steady near multi-week tops, above 1.3300 handle ahead of Poloz

The USD/CAD pair consolidated its recent gains to multi-week tops and was seen oscillating in a narrow trading band, around the 1.3300 handle through


NZD/USD edges higher beyond 0.6430 on renewed US-China trade optimism

The NZD/USD pair tested the 0.6400 mark for the second straight day on Thursday but didn’t have a difficult time reversing its direction. As of writin


AUD/USD refreshes session tops, retakes 0.6800 handle

The AUD/USD pair jumped to fresh session tops in the last hour, albeit seemed struggling to extend the momentum further beyond the 0.6800 round-figure


USD/INR Technical Analysis: Consolidates above 38.2% Fibo., 71.65-60 pivotal support

The USD/INR pair continued with its struggle to build on its attempted moves beyond the 72.00 handle and remained confined well within a three-day-old


USD/CAD Technical Analysis: Sustained move beyond descending trend-line awaited

The USD/CAD pair held steady near multi-week tops, just above the 1.3300 handle, with bulls still awaiting a sustained breakthrough a 5-1/2 month-old


Gold Price News & Forecast: XAU/USD is flirting with session lows

Gold prices have been holding steady on Thursday above $1470 supported by concerns that U.S. legislation in Hong Kong could increase tensions between the Unite


EUR/USD clings to gains near 1.1080 ahead of ECB

EUR/USD maintains the sideline theme in the upper end of the weekly range in the 1.1080/90 band amidst a steady greenback. EUR/USD focused on trade, E


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