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USD Daily Review November 5, 2018

USD Daily Review for November 5, 2018

US Dollar Likely to Rise as the Midterm Elections Outcome Emerges

Midterm elections are set to overshadow a monetary policy announcement form the Federal Reserve. Their outcome seems likely to be supportive for the US Dollar.


USD/CAD Rate Carves Lower Highs & Lows Ahead of Fed Meeting

Price action ahead of the Federal Reserve meeting raises the risk for a larger pullback in USD/CAD as the exchange rate carves a fresh series


Australian Dollar Shows Some Rare Resilience, May Hold Up

There are still few fundamental reasons to like the Australian Dollar more than its US cousin. However the market is now very short and may


AUD/USD, AUD/JPY 2018 Downtrend Under Fire. EUR/AUD Price at Risk

AUD/USD and AUD/JPY prices may have made upside progress, but they are still confined by trend-defining resistance lines. Meanwhile EUR/AUD could be in for more


NZD/USD Rate Rebound Vulnerable to Dovish RBNZ, Hawkish Fed

Recent price action in NZD/USD raises the risk for a larger correction as the exchange rate breaks out and initiates a fresh series of higher


USD Rises on Strong NFP Report, Wages Grow at Fastest Pace Since 2009

USD Rises on Strong NFP Report, Wages Grow at Fastest Pace Since 2009


US: Stronger dollar and trade tensions likely weighing on exports – Wells Fargo

US trade deficit reached $54 billion in September. According to analysts from Wells Fargo, a stronger dollar and trade tensions likely weighed on expo


EUR/USD: Outlook no longer dominated just by US dollar strength – Rabobank

Analysts at Rabobank, point out that while a better tone in risk appetite may dull the outlook for the US dollar, they warn the Euro may struggle to g


Dollar inches into positive territory after stronger-than-expected jobs report

The U.S. dollar on Friday trimmed early losses and briefly turned positive after a stronger-than-expected jobs report Friday. In October, 250,000 new


EUR/USD and GBP/USD Forecast November 5, 2018

The Euro rallied significantly during the trading session on Friday, but then turned around of form a massive shooting star. The Euro has been struggling as …


Yuan, Aussie Dollar Suffer as Chinese October PMI Underwhelms

The offshore Chinese Yuan weakened against the US Dollar after the release of disappointing October PMI services and composite figures, possibly showing the impact of


Fed Rate Hike Bets, US China Trade Deal Doubts May Sink AUD/USD

Market mood deteriorated as near decade high US wage growth and US China trade deal skepticism sent S&P 500 lower. Asia Pacific stocks may tumble


GBP/USD weakening from 1.3000 as Brexit headlines fail to keep bulls on track

The GBP/USD is trading near the 1.3000 handle but to the downside heading into Monday’s London market session, with little data on the docket and plen


EUR/USD: Trapped in a falling wedge ahead of the US midterm elections

Trapped in a falling wedge pattern, the EUR/USD is currently trading at 1.1384. The currency pair was solidly bid Friday and looked set to take out t


GBP/USD falls back below 1.30 on conflicting Brexit reports

The British Pound is witnessing a solid two-way business in Asia. The currency pair found bids in early Asian in response to a Sunday Times report st


AUD/USD slips back under 0.7200 as China PMI sinks to 28-month low

The AUD/USD is faltering back towards 0.7185 following China’s latest PMI results, which signals a continuing slowdown within China’s domestic economy


EUR/USD looks to regain 1.1400 ahead of data

The singular currency has started the week on a consolidative fashion and is now prompting EUR/USD to navigate below the 1.1400 handle ahead of the op


NZD/USD: Headed north – Westpac

Imre Speizer, Research Analyst at Westpac, suggests that the NZD/USD has been stuck in a 0.65000.6600 range since mid-October, with technicals not ind


GBP/USD Technical Analysis: Cable sticking to 1.3000 as Brexit headlines flip-flop

The GBP/USD is trading back up above the 1.3000 handle after waffling following an over-eager bullish gap to open the week’s action, and the gap is he


CoT Update for EUR/USD, AUD/USD, Gold Price & More

Last week, large speculators did a little shuffling; EUR, AUD, and gold positioning hanging around extremes.


EUR/USD Weekly Technical Outlook: Euro in Conflict as New Week Arrives

Last week, the Euro bounced off big support but is already in a battle with resistance and negative trend conditions.


GBPUSD Technical Outlook: Mildly Supportive Charts

GBPUSD turned three cents higher at the back end of the week and is now looking for support if it is to make a move


EUR/USD drops to 2-day lows near 1.1370

The better tone surrounding the greenback is now forcing EUR/USD to ease further ground and challenge 2-day lows around 1.1370. EUR/USD now looks to


US Dollar Index around 96.50 ahead of US data

The US Dollar Index (DXY), which gauges the greenback vs. its main competitors, is trading within a sideline theme at the beginning of the week around


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