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USD Daily Review November 28, 2019

USD Daily Review for November 28, 2019

GBP/USD: British Pound Spikes as YouGov Poll Predicts Tory Majority

The British Pound surged above the 1.2920 mark to print fresh intraday highs after the latest UK election poll predicted Boris Johnson’s Conservative Party will hold a commanding 68-seat majority.


Bitcoin Price Chart Turns Bullish, What Does This Mean for BTC/USD?

Bitcoin has fallen further since last week, but a bullish pattern on the 4-hour price chart could suggest the cryptocurrency is due for a resurgence in the near term.


EUR/USD Re-Tests Confluent Support as USD Grinds at Resistance

Both the US Dollar and EUR/USD are testing big areas on the chart, and mean reversion would be a typical approach going into a holiday. But this isn’t typical.


GBP/USD Volatility Spikes Ahead of Key UK Election Poll – US Market Open

GBP/USD Volatility Spikes Ahead of Key UK Election Poll – US Market Open


US Dollar Climbs on GDP, Durable Goods & Jobs Data; Spending Ahead

USD price action spiked toward intraday highs as US Dollar outlook improves following rosy data reports that underscored the robustness of the US economy and a less-dovish Fed.


USD/JPY seesaws near May high amid broadly positive trade/political sentiment

Given the recently positive trade/political news favoring market sentiment, USD/JPY stays around 109.50 during the initial Asian session on Thursday.


AUD/USD stays under 10-day SMA ahead of Australia Q3 Private Capex numbers

AUD/USD keeps it below 10-day Simple Moving Average (SMA) while trading near 0.6775 on early Thursday morning in Asia.


Forex Today: Dollar the strongest, trading dull

Here is what you need to know Thursday, November 28th: The US celebrates Thanksgiving, with markets closed on Thursday, and due to close earlier on Fr


USD/JPY reaches for higher grounds, highest since May 2019 testing a key 38.2% Fibo

USD/JPY has rallied in the latter part of the North American session ahead of the Thanksgiving holidays and end-of-month. End of month flows could wel


GBP/USD rises above 1.2900 on expectations of a Tory majority

The GBP/USD pair broke a multi-hour range, climbing to 1.2912, the highest intraday level since last Friday. Near the end of a quiet session, it remai


USD/CAD pares daily losses on oil selloff, trades around 1.3280

The USD/CAD pair dropped to 1.3260 area during the early trading hours of the American session before staging a rebound in the last couple of hours wi


NZD/USD holds above the 21 4-HR MA

NZD/USD is currently trading at 0.6420, down 0.11% on the day with the price slipping from a high of 0.6433 to a low of 0.6413. The US dollar has been


EUR/USD Technical Analysis: Euro under pressure near 1.1000 handle after the London close

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


USD/CHF fresh daily-highs into month-end, solid above 200-DMA and confluence level

USD/CHF is currently trading tucked in below parity having made a high of 1.0000, (the highest level since mid-October), in a move from the day’s low


USD/JPY trades at fresh multi-week highs, closes in on 109.50

After spending the majority of the day moving sideways near the 109 handle, the USD/JPY pair gained traction during the American trading hours and ros


Indian Rupee Price News and Forecast: USD/INR extends slide to new three-week lows

The USD/INR dropped further to 71.22 hitting the lowest intraday level since November 11. The pair remains near the lows, on its way to the third…


AUD/USD Technical Analysis: Aussie sidelined near November lows

The aussie is trading in a bear trend below its main daily simple moving averages (DMAs) on the daily chart. The market is trapped in a range, currently holdi


EUR/USD and GBP/USD Forecast November 28, 2019

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


USD/JPY and AUD/USD Forecast November 28, 2019

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


USD/MXN Forecast November 28, 2019

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


USD/JPY, AUD/USD, NZD/USD Brace. Trump Signs HK Bill in Thin Trade

The USD/JPY, AUD/USD and NZD/USD dropped after Donald Trump signed the HK Bill, fueling trade war woes. Volatility may be amplified by the US Thanksgiving holiday and low liquidity.


Euro Forecast: EUR/USD Selloff Ahead of Key EU, German Data?

EUR/USD is on the verge of breaking below key support which may precede an aggressive selloff. Eurozone confidence data and German CPI statistics may be the catalysts.


GBP/USD probes weekly high as YouGov poll joins US-China trade war fears

In addition to the YouGov polls, political tension between the United States (US) and China, over Hong Kong bill, keeps the GBP/USD pair on the bids.


USD/CHF Technical Analysis: Steps back from six-week-old trendline ahead of Swiss GDP

Following its failure to cross the near-term rising trend line, USD/CHF steps back to 0.9990 while heading into the European session on Thursday.


USD/INR bounces off 13-day low amid fresh risk aversion wave

Given the increasing odds of a trade war between the United States (US) and China, Asian traders adhere to risk aversion and propels USD/INR.


EUR/USD: Bulls need a big beat on German CPI

EUR/USD is operating on slippery grounds and will likely have a hard time defending key support, unless German inflation data, due at 13:00 GMT, blows


EUR/USD: 1.0989 to be a notable interim pivot – TD Securities

The TD Securities Analysts provide key levels for trading the EUR/USD pair in the day ahead, adding that the downside remains more compelling below th


USD/JPY Technical Analysis: Multi-week-old rising trendline questions break of 61.8% Fibo.

With an upward sloping resistance line stopping the USD/JPY pair from extending its 61.8% Fibonacci retracement breakout, the quote pulls back.


USD/CAD could rise to 1.36 in Q1, 2020 – JPMorgan

JPMorgan expects weak Canadian growth and the resulting dovish Bank of Canada (BOC) expectations to power USD/CAD higher to 1.36 in the first quarter


Trump signs pro-democracy bill, USD/CNH spikes up – ING

Robert Carnell, Chief Economist Head of Research, Asia-Pacific, at ING Bank talks about the emerging signs of stabilization, especially after Trump si


USD/INR charts three-day losing streak, nears 50-day MA support

USD/INR fell 0.31% on Wednesday, confirming a three-day losing streak, the longest since Oct. 23. The Rupee extended Tuesday’s rally amid trade optimi


AUD/USD struggles near multi-week lows, just above mid-0.6700s

The AUD/USD pair dropped to fresh six-week tops during the Asian session on Thursday, albeit now seems to have found some support ahead of mid-0.6700s


USD/CHF consolidates below the parity mark, moves little post-Swiss GDP

The USD/CHF pair lacked any firm directional bias on Thursday and remained confined in a narrow trading band, below the parity mark post-Swiss GDP fig


Forex Today: Sterling surges as poll backs Boris, dollar bulls thankful, Trump angers China

Here is what you need to know on Thursday, November 28: UK elections: YouGov’s highly-anticipated MRP poll has shown a landslide 65-seat majority for


US Dollar Index parked around 98.30, looks to trade

The greenback, in terms of the US Dollar Index (DXY), is clinging to the weekly gains in the 98.30/40 band. US Dollar Index focused on trade The index


EUR/USD Price Continues to Struggle Ahead of German Inflation Data

The euro continues to trade just above 1.1000 against the US dollar as traders wait for the latest look at German inflation.


Brexit Briefing: Most Accurate Election Poll Predicts Conservative Majority, GBP/USD Rises

Brexit Briefing: Most Accurate Election Poll Predicts Conservative Majority, GBP/USD Rises


GBP/USD retreats from 1-week tops, approaching 1.2900 mark

The GBP/USD pair failed to capitalize on its early uptick to one-week tops and is currently placed near the lower end of its daily trading range, just


NZDUSD consolidates daily gains, trades around 0.6430

The NZD/USD pair gained traction during the Asian trading hours as the upbeat macroeconomic data releases from New Zealand allowed the NZD to gather s


Palladium Price News and Forecast: XPD/USD corrects amid risk off sentiment, outlook bullish

Palladium is trading just above $1,800, marginally lower as American traders are off for the Thanksgiving holiday. Just before the holiday, President


EUR/USD Technical Analysis: The corrective upside could test 1.1040

EUR/USD has managed to rebound from the key support area around 1.0990. The ongoing recovery could extend to the key 55-day SMA near 1.1040. Above thi


US Dollar Index Technical Analysis: Immediate target remains at the 98.50 area

DXY has been rejected from the vicinity of 98.50 on Wednesday, sparking the ongoing corrective downside. If the dollar surpasses the key 98.50 zone, t


USD/CAD bulls eyeing a move beyond 1.3300 handle amid sliding oil prices

The USD/CAD pair refreshed daily tops during the early European session on Thursday, with bulls making a fresh attempt to extend the momentum further


Have a nice trading!

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