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USD Daily Review November 4, 2019

USD Daily Review for November 4, 2019

GBP/USD Rate Recovery to Persist If BoE Alters Forward Guidance

Fresh updates from the Bank of England (BoE) may fuel the recovery in GBP/USD if the central bank alters the forward guidance for monetary policy.


US Dollar Outlook: Implied Volatility & Trading Ranges for Next Week

Check out the latest US Dollar options-implied trading ranges on major USD currency pairs with ISM Services PMI, initial jobless claims, consumer credit and sentiment data due for release next week.


Canadian Dollar Outlook: USD/CAD Slams into Resistance- Loonie Levels

The Canadian Dollar is on the defensive into open of November trade with USD/CAD driving into downtrend resistance. Here are the levels that matter on the Loonie charts.


US Dollar Gives Back NFP Gains After ISM Manufacturing PMI Miss

The US Dollar pivoted back to session lows and erased all earlier NFP-related gains following the October ISM Manufacturing PMI report that missed expectations.


US Dollar Bounces on NFP: EUR/USD, GBP/USD, USD/JPY

A weak US Dollar caught a bounce after the release of Non-Farm Payrolls but sellers came right back into the mix to take advantage of that run.


US Dollar Rises on Strong NFP Report

US Bureau of Labor Statistics reported total nonfarm payroll (NFP) employment expanded by a 128k jobs in October, beating expectations of 89k. Alongsi


Forex Today: Dollar under pressure, to keep on falling

Here is what you need to know Monday, November 4th: An upbeat US employment report was offset by a poor ISM Manufacturing PMI, which indicated contrac


US Dollar Index technical analysis: DXY on life support, ends the week on its lows

The Index is ending near 97.16 and the 50 SMA on the weekly chart. DXY is trading in a bull channel and the market is trading in the lower range of the channel


AUD/USD technical analysis: Aussie ends the week in the green above the 0.6900 handle.

The Aussie is trading in a downtrend below its 200-day simple moving average (DMA) on the daily chart. This Friday the Aussie made no significant advance while


USD/JPY hits fresh highs near 108.30, still heads for a weekly loss

The USD/JPY pair printed a fresh daily high during the American session at 108.31. It failed to extend the rally on top and it was trading at 108.20,


GBP/USD technical analysis: Cable trading at daily lows after the London close

GBP/USD in October soared above its main daily simple moving averages (DMAs) and reached levels not seen since mid-May 2019. Buyers want a daily close above th


EUR/USD technical analysis: Fiber trading in a triangle

On the daily chart, the Euro is trading in a bear trend below its 200-day simple moving average (DMA). This Friday, the spot is pressuring the October highs ne


US Dollar technical analysis: DXY remains under pressure at multi-month lows

The US Dollar Index (DXY) is trading below its main daily simple moving averages (DMAs) after a dramatic drop in October.


USD/CAD erases gains after US manufacturing data, back to 1.3150

The USD/CAD pair jumped toward 1.3200 after the release of the US employment report but then reversed and retreat further following the ISM Manufactur


AUD/USD looks to end week above 0.69 supported by broad USD weakness

The AUD/USD fell to 0.6890 area during the early trading hours of the American session after the Greenback gathered strength on the back of the upbeat


EUR/USD technical analysis: Euro pressuring the 1.1165 resistance

On the daily chart, the Euro is trading in a bear trend below the 200-day simple moving average (DMA). This Friday, the spot is challenging one more time the O


EUR/USD rebounds to 1.1170 post-ISM, looks to Fedspeak

The single currency is finishing the week on a positive footing, lifting EUR/USD to the 1.1170 region on the back of mixed US data releases. EUR/USD s


Hundreds of millions of dollars were shipped from Russia to Venezuela to sidestep US sanctions | Markets Insider

Hundreds of millions of dollars have been shipped from Russia to Venezuela, Bloomberg reported. Bloomberg analyzed data from ImportGenius which found that…


S&P 500 Notches Record High, The VIX Record Short, Dollar Nears Break (Trading Video)

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USD/JPY and AUD/USD Forecast November 4, 2019

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


USD/ZAR Forecast November 4, 2019

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


EUR/USD and GBP/USD Forecast November 4, 2019

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


When are the Australian Retail Sales/ Inflation and how could they affect AUD/USD?

Markets eagerly look forward to the key Australian economic releases due to be reported shortly in the lead up to the Reserve Bank of Australia (RBA)


AUD/USD consolidate gains to 0.6915 ahead of Aussie Inflation/Retail Sales data

Amid a lack of fresh catalysts before second-tier data, the AUD/USD pair takes the rounds to 0.6915 during early Monday morning in Asia.


EUR/USD Correction Remains in Focus Ahead of ISM Non-Manufacturing

EUR/USD trades near the October-high (1.1180) ahead of the ISM Non-Manufacturing survey, with the Dollar susceptible to the weakness in business sentiment.


US Dollar Outlook: SGD, PHP, IDR, MYR May Gain on Capital Inflows

The US Dollar may continue weakening against the SGD, PHP, IDR and MYR as long as US-China trade deal hopes keep rising, fueling capital flows into emerging market assets.


US Dollar, Yen Sank as S&P 500 Hit Record. AUD 2018 Trend Line Eyed

The anti-risk US Dollar and Japanese Yen fell as China PMI, US jobs data and trade deal hopes pushed the S&P 500 to another record. The AUD/USD downtrend may be overturned.


GBP/USD: Mildly bid ahead of UK PMI, trade/Brexit headlines in play

With the increasing odds of a Tory leadership post-December election, GBP/USD holds on to recovery gains while taking the bids to 1.2940.


USD/INR technical analysis: 100/200-day SMAs question bearish engulfing on daily chart

Despite flashing a bearish candlestick formation on the daily chart, the USD/INR pair has a long to please bears as it takes the rounds to 70.66.


USD/CHF technical analysis: Repeated bounces off 50% Fibo. keeps bullish bias intact

With its yet another bounce off 50% Fibonacci retracement of August-October advances, USD/CHF nears 100-day Simple Moving Average (SMA).


EUR/USD: Trade optimism may bolster bullish setup

The US-China trade optimism will likely bolster the bullish technical setup in EUR/USD, yielding a rise to the 200-day average at 1.1195. The pair is


USD/JPY technical analysis: Holding 2.5-month rising trendline

USD/JPY found bids below the support of the trendline connecting Aug. 26 and Oct. 3 lows on Friday. So far, however, Friday’s defense of the trendline


USD/CNH technical analysis: Hits 2.5-month low, slow descent continues

USD/CNH pair fell to 7.02582 a few minutes ago. That was the lowest level since Aug. 14. The offshore Yuan (CNH) has gained ground in a slow and stead


USD/CAD technical analysis: Struggles near 23.6% Fibo, 1.3224/32 becomes key resistance

Following its U-turn from 1.3200, USD/CAD clings to 23.6% Fibonacci retracement of May-July downside while taking rounds to 1.3140 during early Monday.


NZD/USD remains bid despite NZ’s Treasury’s downward revision of neutral interest rate

NZD/USD continues to march higher despite the decision by New Zealand’s Treasury to revise lower its estimate for neutral interest rate by 75 basis po


EUR/USD technical analysis: Under pressure, 1.1184 is key resistance

EUR/USD is reporting marginal losses at press time, marking a weak follow-through to Friday’s bullish candle. The pair is currently trading at 1.1163,


USD/IDR technical analysis: Immediate upside restricted around 14,032/40 amid bearish MACD

Despite bouncing off during the post-Indonesia inflation release, on Friday, USD/IDR fails to clear the key resistance confluence.


AUD/USD drops on Australian retail sales data

The bid tone around the Australian Dollar weakened, leading to a drop in the AUD/USD pair after the official data showed the Australian consumer spend


US Dollar Index clings to gains around 97.20 ahead of data

The US Dollar Index (DXY), which gauges the buck vs. a basket of its main competitors, is posting decent gains at the beginning of the week in the 97.


Gold hangs above USD 1510 despite a strong risk tone

Interestingly today gold is only 0.15% lower today as stocks push higher and the dollar index trades 0.15% to the good. Historically gold struggles m


USD/CAD clings to modest gains above 1.3150 despite rising crude oil prices

The USD/CAD pair fell toward the 1.3120 earlier in the day as the CAD capitalized on rising crude oil prices and gathered strength against its rivals.


GBP/USD pushes lower as we head toward the BoE rate decision later this week

Cable is trading 0.14% lower today as a mixture of USD strength and mild GBP weakness moved GBP/USD lower. On the hourly chart below, there has been


EUR/USD Technical Analysis: inability to surpass 1.1180 should give way to some consolidation

EUR/USD Overview Today last price 1.1163 Today Daily Change 26 Today Daily Change % -0.03 Today daily open 1.1166 Trends Daily SMA20 1.1083 Daily SMA


AUD/USD retreats to 0.6900 area after mixed data, US-China trade headlines

The AUD/USD pair came under modest bearish pressure in the early trading hours of the Asian session following the mixed macroeconomic data releases fr


US Dollar Index Technical Analysis: immediate target aligns at the 200-day SMA above 97.40

Dollar Index Spot Overview Today last price 97.3 Today Daily Change 18 Today Daily Change % 0.09 Today daily open 97.21 Trends Daily SMA20 97.96 Dail


USD/JPY climbs higher toward 108.50 on upbeat market mood

The USD/JPY pair lost 50 pips last week and started to retrace its drop on Monday. As of writing, the pair was trading at fresh session highs at 108.4


EUR/USD bounces off lows near 1.1150 on PMIs

The single currency has managed to reverse some initial pessimism, helping EUR/USD to rebound from earlier lows in the 1.1150 region to the current 1.


Have a nice trading!

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