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USD Daily Review November 27, 2019

USD Daily Review for November 27, 2019

Canadian Dollar Outlook: Is USD/CAD Headed for a Reversal Lower?

USD/CAD has enjoyed a remarkable rally throughout November but is nearing longstanding technical resist which has worked to stall previous rallies. Does this mean USD/CAD is due for a reversal lower?


Gold Price Forecast: XAUUSD Grinds at Support, Will Bulls React?

Gold prices have been pulling back for three months now. Have bulls thrown in the towel, or are they waiting in the wings for another topside push?


NZD/USD: A top performer on busy event calendar, testing trendline resistance

NZD/USD has been a top performer on Tuesday, bar the US dollar, popping to market highs following the Reserve Bank of New Zealand’s Finacial Stability


US Dollar Index Technical Analysis: DXY hovering below the critical 98.50 resistance

DXY (US Dollar Index) is trading in an uptrend above its main daily simple moving averages (DMAs). This Tuesday, DXY lost some ground, trading in a tight range


EUR/USD: Bulls step in and commit to the 1.10 handle

EUR/USD has moved up from its worst levels in over a week as bulls commit to the 1.10 handle following German confidence figures. Germany’s IFO record


AUD/USD hold to daily gains but remains limited under 0.6800

The AUD/USD pair rose to 0.6790 during the America session and as of writing trades at 0.6785, steady consolidating a modest daily gain of ten pips. A


USD/JPY recovers above 109 as 10-year US T-bond yield rebounds from daily lows

The USD/JPY pair retreated to 108.90 area during the European trading hours but staged a rebound in the second half of the day and was last seen tradi


GBP/USD crumbles on cracks in Tory lead and firm US dollar

GBP/USD is off on the day, losing -0.36% at the time of writing having fallen from a high of 1.2903 to a low of 1.2834 on the day so far. GBP/USD has


USD/CAD drops to session lows near 1.3280 on oil recovery

After spending a large portion of the day moving sideways above the 1.3300 mark, the USD/CAD pair lost its traction during the American trading hours


GBP/USD Technical Analysis: Downside calling, trading sub-1.2900 figure

GBP/USD is fighting for the 1.2900 handle as the market is consolidating in November. However, the spot keeps an underlying bullish momentum while trading abov


USD/MXN hits weekly highs on top of 19.50

The Mexican peso is falling against the US dollar for the second day in a row. The greenback remains strong versus most of the Emerging market currenc


USD/JPY Technical Analysis: Greenback clings to daily gains near the 109.00 handle

USD/JPY is trading just above the 109.00 handle and the 200-day simple moving average (DMA) on the daily time frame. In the last three months, the spot has be


AUD/USD to edge down towards 0.65 on a 12-month view – Rabobank

According to analysts at Rabobank, the chances that the RBA will cut the cash rate again from its present level of 0.75% are high and such move…


Dollar Tree plummets 17% after slashing its profit forecast over trade-war issues (DLTR) | Markets Insider

Dollar Tree reported third-quarter earnings Tuesday that fell short of Wall Street’s expectations. The company also slashed its full-year profit…


Dollar Tree stock slumps 8% premarket after profit falls short of estimates

Dollar Tree Inc. shares slid 8% in premarket trade Tuesday, after third-quarter profit fell short of estimates. The company said it had net income of $255.8…


US Dollar Back to Resistance: Trade or Fade EURUSD, GBPUSD, AUDUSD, USDCAD

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US Dollar Outlook: Euro, DXY Charts & More

In today’s session, we took a look at the US Dollar Index, Euro, and other compelling short-term charts of interest. -Subscribe to DailyFX: https://www.youtu…


EUR/USD and GBP/USD Forecast November 27, 2019

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


USD/JPY and AUD/USD Forecast November 27, 2019

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


EUR/USD Technical Analysis: Euro enters Asia holding above the 1.1000 handle

On the daily chart, the euro/dollar currency pair is trading in a downtrend below its main daily simple moving averages (DMAs). This Tuesday, the market climb


AUD/USD Technical Analysis: Aussie rolls into the Asian session clinging to modest daily gains near 0.6790 level

The aussie is trading in a downtrend below the main daily simple moving averages (DMAs) on the daily time frame chart. The market is holding above the Novembe


Australian Dollar Slips as China Industrial Profits Tank Again

The Australian Dollar is like all other markets focused on US-China trade headlines. However terrible weakness in Chinese industrial profits set it back.


USD/CAD Rate Fails to Test October, RSI to Offer Bearish Signal

The Relative Strength Index (RSI) may offer a bearish signal for USD/CAD as the oscillator threatens the upward trend from earlier this month.


USD/JPY Climb Resumes on US-China Trade Deal Bets, GBP/USD Sinks

The USD/JPY rose and may continue climbing as US-China trade deal bets boosted the S&P 500. This is as the British Pound fell against the US Dollar on UK General Election polling.


USD/INR rebounds from key support near 71.40, will it last?

The USD/INR pair reverses early loses, after having hit two-week lows at 71.405 in the opening trades. At the press time, the cross trades near 71.47


USD/CAD Technical Analysis: Again bounces off 10-day SMA, multi-month-old trendline in focus

USD/CAD registers another U-turn from 10-day Simple Moving Average (SMA) while taking the bids to 1.3280 during the pre-European session on Wednesday.


EUR/USD: Volatility gauge hits record low, focus on US data

EUR/USD’s one-month ATM volatility, which measures the calculated or implied mid-rate volatility for an at-the-money (ATM) option for a specific expir


USD/INR: Rupee likely to extend Tuesday’s rally

Indian Rupee is likely to remain better bid on Wednesday, according to technical charts. The uptick in China’s Yuan could also bode well for the India


USD/IDR Technical Analysis: Choppy between 100-day EMA, 23.6% Fibo.

While repeating its seven-week-old formation of trading under 100-day Exponential Moving Average (EMA), USD/IDR takes rounds to 14,095.


EUR/USD technical analysis: 5-day MA caps upside in Asia

EUR/USD is currently trading at 1.1017, representing marginal losses on the day, having faced rejection at the descending (bearish) 5-day moving avera


AUD/USD Exposed to Dovish Guidance as RBA Identifies Roadmap for QE

AUD/USD tracks the range-bound price action from earlier this week, but the Australian Dollar may face a more bearish fate as the RBA endorses a dovish forward guidance.


AUD/USD remains depressed below 0.6800 handle, focus shifts to US macro data

The AUD/USD pair came under some renewed selling pressure on Wednesday and remained well within the striking distance of over one-month lows set earli


US Dollar Index firmer near 98.40 ahead of US data

The greenback, measured by the US Dollar Index (DXY), is extending the gradual upside and flirts at the same time with 2-week highs in the 98.40 regio


EUR/USD Price Probing Support Ahead of US Data Releases

EUR/USD remains just above 1.1000 in thin trading conditions with support at 1.0981 likely to be tested if US data releases this afternoon confirm the strength of the US economy.


US Dollar Eyes PCE, GDP Data as S&P 500 Shows Signs of Topping

The US Dollar along with equity markets will be closely watching the release of key data and how it may impact the Fed outlook right as the S&P 500 registers another all-time high.


When is the US GDP report and how could it affect EUR/USD?

Wednesday’s US economic docket highlights the release of Preliminary (revised) US Q3 GDP growth figures, scheduled to be published at 13:30 GMT. The s


USD/JPY continues to hold above 109 as focus shifts to US data dump

The USD/JPY pair continues to move sideways above the 109 handle after closing the previous two days with modest losses as the trading action remains


EUR/USD Technical Analysis: The 1.10 area keeps holding the downside

EUR/USD remains in the area of 2-week lows around the key 1.10 handle. Above the 55-day SMA at 1.1041 the downside pressure should alleviate and allow


USD/CAD stays flat near 1.3270 ahead of key US data

The USD/CAD pair closed the previous day with a loss of 30 pips as the commodity-related loonie gathered strength on the back of rising crude oil pric


US Dollar Index Technical Analysis: Upside ready to tackle the 98.50 area

DXY keeps the constructive bias unchanged above the key 98.00 mark on Wednesday. Further upside impetus should now target monthly tops in the 98.50 re


GBP/USD rebounds from weekly lows, back above mid-1.2800s

The GBP/USD pair quickly reversed an early European session dip to weekly lows and has now moved back above mid-1.2800s, back closer to the top end of


USD/CHF remains capped below parity mark ahead of US macro data

The USD/CHF pair traded with a mild positive bias through the early European session Wednesday, albeit remained well within a three-day-old trading ra


USD/INR drops to three-week lows near 71.30 ahead of US data

The USD/INR pair extends its three-day losing streak in Europe, having witnessed a temporary bounce to near 71.50 in early trades. The spot hit fresh


Have a nice trading!

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