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USD Daily Review November 29, 2019

USD Daily Review for November 29, 2019

US Dollar Index Technical Analysis: DXY parked below the key 98.50 resistance

DXY (US Dollar Index) is trading in an uptrend above the main daily simple moving averages (DMAs). This Thursday, DXY turns slightly negative, however still ha


EUR/USD sleeping near 1.1000, likely waking up when November ends

The EUR/USD pair remains steady trading above 1.1000 on a quiet session amid US holidays. It is posting minor daily gains as it remains close to Novem


NZD/USD: Bears in control ahead of the RBNZ event

In G10 FX, commodity currencies are broadly weaker with NZD/USD -0.06% at the time of writing, after US President Trump signed a bill supporting Hong


GBP/USD pulls away from weekly highs, trades sideways near 1.2900

The GBP/USD pair climbed to its highest level in a week at 1.2951 during the Asian trading hours after the closely-watched YouGov MRP Poll showed that


USD/JPY recovers to 109.50 area in quiet session

The USD/JPY pair lost its traction during the Asian trading hours as the market mood soured after US President Trump signed the Hong Kong Human Rights


AUD/USD Technical Analysis: Aussie prints fresh five-week lows, nearing 0.6760 level

The aussie is trading in a downtrend below the main daily simple moving averages (DMAs). The spot is under pressure, hitting new November lows.


USD/MXN jumps above 19.60 to highest since early October

The USD/MXN rose from near 19.50 to 19.65, reaching the highest level in a month. Afterward pulled back modestly and it is trading at 19.61, posting g


USD/CHF steadies below parity after upbeat Swiss GDP data

After coming within a touching distance of the critical parity mark, the USD/CHF pair retreated slightly as the upbeat data from Switzerland helped th


USD/JPY Technical Analysis: Greenback clings to six-month highs against yen, near 109.50 level

USD/JPY is trading above the 109.00 handle and the 200-day simple moving average (DMA) on the daily chart. The market is trading at levels not seen si


US Dollar Index sticks to daily gains above 98.30

The US Dollar Index (DXY), which gauges the buck vs. a bundle of its main competitors, is managing well to keep the business in the positive territory


EUR/USD looks supported around 1.10 post-German CPI

After a brief test of daily lows in the 1.10 neighbourhood, EUR/USD is now managing to regain some traction amidst marginal gains. EUR/USD ignores Ger


USD/CAD Technical Analysis: Pivots around 200-DMA, just below 1.3300 handle

The USD/CAD pair has been pivoting around the very important 200-day SMA, well within 70-75 pips broader trading range over the past one week or so. G


EUR/USD Technical Analysis: Euro hovering above the 1.1000 handle in the New York session

The euro/dollar currency, on the daily time frame, is trading in a bear trend below the main daily simple moving averages (DMAs). This Thursday, the market is


USD/JPY and AUD/USD Forecast November 29, 2019

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


USD/ZAR Forecast November 29, 2019

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


EUR/USD and GBP/USD Forecast November 29, 2019

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


GBP/USD Technical Analysis: Sluggish above 200-HMA, 50% Fibonacci

GBP/USD stays modestly changed around 1.2915 during the Asian session on Friday. The pair seesaws around 200-HMA and 50% Fibonacci retracement.


AUD/USD recovers from multi-week low ahead of second-tier Aussie data

AUD/USD pulls back from October 17 low to 0.6770 amid initial Friday trading in Asia. Pessimism surrounding the US-China trade relations.


NZD/USD: Under pressure around 0.6420 after NZ Building Permits amid trade war fears

NZD/USD registers the third consecutive negative day while taking rounds to 0.6420 during initial Friday morning in Asia.


USD/JPY Technical Analysis: Set to rise to the 111.00 handle

USD/JPY is trending up above the 109.00 figure and the 200-day simple moving average (DMA) on the daily chart. The spot is trading at levels not seen since la


New Zealand Building Permits (MoM) October: -1.1% versus -2.5% expected, NZD/USD unchanged

Early Friday morning in Asia, Statistics New Zealand released October month Building Permit figures.


Australian Dollar Could Fall Sharply if RBA QE Becomes ‘Live’

The Australian Dollar has wilted through November partly thanks to its lack of monetary policy support. At least one major domestic bank thinks it has even less than markets reckon.


GBP/USD struggles to remain strong as British media criticizes UK PM Johnson

GBP/USD stays modestly changed around 1.2910 ahead of the London open on Friday.


USD/INR cheers less phase-one negatives of Hong Kong Act, eyes on India GDP

USD/INR takes the bids to 71.72 during the pre-European session trading on Friday. The quote benefits from the lack of a negative response to Hong Kong Act.


EUR/USD trades near 1.10, eyes monthly loss

EUR/USD is currently trading just above 1.10, representing a 1.27% drop on the monthly opening rate of 1.1151. The pair is on track to end November on


USD/JPY: Off higs, BOJ’s Kuroda calls for structural reforms

USD/JPY is currently trading at session lows near 109.46, having hit a high of 109.60 three hours ago. The pair is pulling back, possibly tracking the


USD/INR Technical Analysis: Trapped in a bearish channel, focus on India’s GDP

USD/INR on Thursday jumped 0.35% to 71.2490, snapping the three-day losing streak. The pair, however, is still trapped in a bearish channel, as seen i


USD/KRW remains bid after BOK stands pat on interest rates

Korean Won (KRW) is not impressed by the Bank of Korea’s status quo rate decision. The central bank kept the seven-day repurchase rate unchanged at 1.


USD/CAD Technical Analysis: Snapping two-month losing streak, 50-month MA is key support

USD/CAD is currently trading at 1.3285, representing a 0.92% gain on the monthly opening price of 1.3164. The pair is on track to post a monthly gain


AUD/USD Technical Analysis: Short-term falling wedge keep buyers hopeful

AUD/USD stays under pressure while taking rounds to 0.6765, close to the six week low, during the Asian session on Friday.


US Dollar, Rupee Forecast: USD/INR and Nifty Brace for India GDP

The USD/INR uptrend may resume as India GDP slows to a 2013 low on a teetering banking sector that threatens the Nifty 50. The Rupee has struggled despite US-China trade deal bets.


USD/JPY in search of a firm direction, stuck in a range around mid-109.00s

The USD/JPY pair extended its sideways consolidative price action on Friday and remained confined in a narrow trading band around mid-109.00s. The pai


EUR/USD looks for direction near 1.10 ahead of key data

EUR/USD keeps orbiting around the 1.10 handle at the end of the week amidst anaemic trade conditions and marginal volatility. EUR/USD focused on EMU d


AUD/USD recovers further from multi-week lows, still below 0.6800 handle

The AUD/USD pair gained some positive traction on the last day of the week and recovered farther from six-week lows set in the previous session. With


Forex Today: Soggy Black Friday mood, GBP/USD retreats, EZ inflation awaited

Here is what you need to know on Friday, November 29, Black Friday: Currency movement has been subdued amid the Thanksgiving holiday in the US. Nevert


US Dollar Index remains sidelined around 98.30

The greenback keeps navigating the area of weekly highs in the 98.30/40 band at the end of the week when gauged by the US Dollar Index (DXY). US Dolla


EUR/USD Price Ignores Better-Than-Expected Euro-Zone Inflation Data

The latest set of Euro-Zone inflation data showed price pressures in the single-block picking up, beating market expectations. EUR/USD however failed to follow this uptick and remains glued to the …


Australian Dollar Technical Forecast: AUD/USD & AUD/NZD Eyes Critical Levels

Australian Dollar Technical Forecast: AUD/USD & AUD/NZD Eyes Critical Levels


When is the Canadian GDP report and how could it affect USD/CAD?

Friday’s economic docket highlights the release of monthly Canadian GDP growth figures for October, scheduled to be published at 13:30 GMT. Statistics


India FX Reserves, USD: $448.6B (November 22) vs $448.25B

India FX Reserves, USD: $448.6B (November 22) vs $448.25B


AUD/USD loses recovery momentum ahead of 0.6800, trades around 0.6780

The AUD/USD pair continued to push lower during the Asian trading hours on Friday and touched its worst level since mid-October at 0.6762 but staged a


USD/CAD edges back closer to 1.3300 handle, focus shifts to Canadian GDP

The USD/CAD pair edged higher during the early European session on Friday, with bulls making a fresh attempt to reclaim and build on the momentum beyo


EUR/USD unchanged around 1.10 post-EMU CPI

The price action around EUR/USD remains apathetic on Friday despite the better-than-expected results from the EMU and German dockets. EUR/USD holding


Have a nice trading!

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