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USD Daily Review November 5, 2019

USD Daily Review for November 5, 2019

US Dollar Technical Outlook: EUR/USD, GBP/USD, USD/CAD, USD/JPY

The US Dollar has grasped on to support at two-month-lows after last week’s FOMC and NFP outlays. Can USD bears break-through?


EUR/USD Awaits ECB Lagarde’s First Speech, US Signal No Auto-Tariffs – US Market Open

EUR/USD Awaits ECB Lagarde’s First Speech, US Signal No Auto-Tariffs – US Market Open


GBP/USD slides further below 1.2900 on stronger US Dollar

The GBP/USD pair dropped further under 1.2900 and printed a fresh daily low at 1.2875. Near the end of the session holds around the lows with the bear


AUD/USD dips below 0.6900 as investors gear up for RBA rate call

The AUD/USD pair lost its traction after edging higher during the Asian trading hours and dropped below the 0.69 mark in the American session pressure


USD/MXN rebounds again near 19.00, approaches 19.20

The USD/MXN pair is rising on Monday but remain in the recent consolidation range, holding close to monthly lows. Earlier today, the improvement in ma


EUR/USD falls to daily lows near 1.1140 as focus shifts to Lagarde speech

The EUR/USD pair inched higher at the start of the week and touched a daily top of 1.1176 in the early trading hours of the European session boosted b


USD/CAD remains directionless near mid-1.31s as oil rally caps upside

The USD/CAD pair struggles to make a decisive move in either direction on Monday as the surging crude oil prices help the commodity-sensitive CAD stay


EUR/USD technical analysis: Fiber at daily lows ahead of ECB’s Lagarde speech, trading near 1.1140 level

On the daily chart, the Euro is trading in a downtrend below its 200-day simple moving average (DMA). This Monday, the market is trading off the October highs


GBP/USD heads lower as we wait to hear who is replacing House Speaker Bercow

GBP/USD is been trending lower throughout the session as the dollar has been grinding higher. On the thirty-minute chart below, it seems that price h


USD/JPY extends gains to the 108.50 area

The USD/JPY pair rose further during the American session and printed a fresh daily high at 108.50. The Greenback is rising for the second-day in-a-ro


AUD/USD to resume its downtrend towards 0.66 – Rabobank

Analysts at Rabobank expect the RBA to re-embark on further easing next year, as the government’s reaction to growing pressure to spend is set to have…


GBP/USD technical analysis: Cable challenging 1.2900 handle, drifting down in the New York session

In October, the Cable skyrocketed above the main daily simple moving averages (DMAs) and hit levels not seen since mid-May 2019. Bulls need a daily close above


USD/CHF consolidates daily gains below 0.9900 mark

The USD/CHF pair, which lost more than 80 pips last week, gained traction on Monday as the upbeat market mood made it tough for the CHF to find demand


US Dollar Index pushes higher to 97.35/40, daily highs

The Greenback, in terms of the US Dollar Index (DXY), is advancing further at the beginning of the week and is now approaching to the critical 200-day


Weekly Trade Levels: US Dollar, EUR/USD, AUD/USD, USD/CAD & Gold Webinar …


EUR/USD and GBP/USD Forecast November 5, 2019

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


USD/JPY and AUD/USD Forecast November 5, 2019

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


Australian Dollar (AUD): RBA Meeting Preview & Aussie Outlook

The Australian Dollar comes into focus with another RBA decision due Tuesday at 2:30 GMT which follows the central bank’s previous decision to cut rates by 0.25% last month and third time this year.


US Dollar ASEAN Outlook Bearish Amid Singapore, China, India PMI

The US Dollar may fall as Singapore, Indonesia, India and China data underpin the need for a US-China trade deal. USD ASEAN-based index fell under key rising support, losses ahead?


Australian Dollar Whipsaws As RBA Leaves Rates On Hold, As Expected

The Australian Dollar market wasn’t looking for a change in record-low borrowing costs this month and didn’t get one. The Reserve Bank left the possibility of further reductions on the table though.


US Dollar Price Volatility Report: ISM Services PMI Eyed

USD price action shifts focus to the October ISM Services/Non-Manufacturing PMI report release due Tuesday at 14:00 GMT and forex traders’ reaction to FOMC rate cut odds.


USD/JPY and AUD/USD Soar as US Mulls Lifting Some Chinese Tariffs

The Japanese Yen fell and the Australian Dollar rose after reports crossed the wires that the US is mulling removing some tariffs against China, raising the prospect of a trade deal.


USD/INR technical analysis: Struggles between 50, 100-day SMA

Following its trading range between the key moving averages, USD/INR declines to 70.72 while heading into the European session on Tuesday.


EUR/USD: Bearish outside day despite easing US-China trade tensions

The EUR/USD pair is looking heavy, having carved out a bearish outside day (candle pattern) on Monday despite the trade optimism and the risk-on mood


Indonesia GDP grows 5.02% YoY in Q3, USD/IDR stays on the backfoot

Given the better than forecast Gross Domestic Product (GDP) numbers Indonesian growth during Q3, USD/IDR drops to 14,018.


AUD/USD remains flat after status quo RBA decision

AUD/USD is seeing little action in response to the Reserve Bank of Australia’s (RBA) decision to maintain the status quo on interest rates. The RBA ke


AUD/USD stays below 0.6900 after RBA leaves rate unchanged at 0.75%

The Reserve Bank of Australia (RBA), at its November monetary policy meeting held this Tuesday, maintained its official cash rate (OCR) at a record lo


USD/JPY technical analysis: Extending gains, trapped in a rising wedge

USD/JPY continues to gain altitude amid the US-China trade optimism and the uptick in the equities. The pair is currently trading at session highs abo


USD/CHF remains above 100-day SMA as bulls cheer risk-on, USD strength

In addition to increasing hopes of an initial trade deal between the US and China, broad US Dollar (USD) strength also helps USD/CHF to take the bids.


AUD/USD unmoved by China Caixin Services PMI

China’s service sector gauge missed expectations by a big margin, but so far, it has failed to move the needle on the Aussie Dollar, a G-7 proxy for C


Euro Price Chart: EUR/USD Uptrend on Verge of Collapse

EUR/USD is now coming closer to breaking below a key uptrend which could precede a selloff. Industrial data from the US may catalyze or stave off the break.


AUD/USD climbs to session tops, further beyond 0.6900 handle

The AUD/USD pair built on its post-RBA intraday positive move, with bulls making a fresh attempt to build on the momentum further beyond the 0.6900 ha


When is the UK Services PMI and how could it affect GBP/USD?

The UK economy will release its October Services PMI later in the European session at 0930 GMT, which is expected to come in at 49.7, down from Septem


Forex Today: Trade optimism lifts commodity currencies, dollar gains against majors, top-tier US figure awaited

Here is what you need to know on Tuesday, November 5: Market mood: The atmosphere is upbeat amid optimism that US-Sino trade talks are advancing towar


US Dollar Index clings to gains near 97.60 ahead of data

The Greenback, when tracked by the US Dollar Index (DXY), is looking to extend the positive start of the week and advances to the 97.60/65 band, or 4-


EUR/USD Price Technical Outlook – Further Upside Remains Blocked

The recent EUR/USD rally off its multi-month low continues to struggle to push through a longer-dated technical indicator that has capped its upside for the last four months.


Brexit Briefing: GBP/USD Price Still Below 1.30, Commons Speaker Elected

The GBP/USD price remains below psychologically-important resistance at 1.30 as a new Speaker of the House of Commons is elected to steer the Westminster Parliament through future Brexit debates.


GBP/USD eases from tops, up little around 1.2900 mark

The GBP/USD pair climbed to fresh session tops, further beyond the 1.2900 handle in the last hour, albeit quickly retreated few pips thereafter. The B


AUD/USD technical analysis: Bulls challenge 0.6925-30 supply zone, 61.8% Fibo. level

The AUD/USD pair continued gaining some positive traction through the mid-European session on Tuesday and is currently challenging the upper bound of


EUR/USD Technical Analysis: Downside pressure targets the 1.1070 region

EUR/USD Overview Today last price 1.1124 Today Daily Change 28 Today Daily Change % -0.04 Today daily open 1.1128 Trends Daily SMA20 1.1091 Daily SMA


NZD/USD continues to recover Monday’s losses, trades around 0.6430

The NZD/USD pair erased 30 pips on Monday but gained traction during the Asian trading hours on Tuesday and started to recover its losses. As of writi


USD/JPY continues to rise as risk sentiment remains key

USDJPY is once again trading higher which could mean a three-day winning streak. It’s hard to say when this will “top out” as the softer trade war st


US Dollar Index Technical Analysis: The surpass of the 200-day SMA should allow for extra gains

Dollar Index Spot Overview Today last price 97.52 Today Daily Change 18 Today Daily Change % -0.02 Today daily open 97.54 Trends Daily SMA20 97.88 Da


USD/CHF rises to near one-week tops, retakes 0.9900 mark

The USD/CHF pair climbed to near one-week tops in the last hour, with bulls looking to extend the momentum further beyond the 0.9900 round figure mark


USD/CAD under pressure this morning with support levels in focus

USD/CAD is moving swiftly lower this morning even as the greenback holds firm elsewhere. Commodities currencies are pushing higher as PMI’s improve a


GBP/USD technical analysis: Pivots around 200-hour EMA, moves little post-UK PMI

The GBP/USD pair struggled to capitalize on its intraday uptick to levels just above the 1.2900 handle and refreshed session lows in the last hour. Bu


AUD/USD Trading Prep for the Week Ahead: RBA, US-China Trade War, Technical Analysis

In this webinar, DailyFX Sr Strategist Ilya Spivak discusses the technical and fundamental #AUDUSD outlook for the week ahead. Some of the topics discussed i…


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