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USD Daily Review November 6, 2019

USD Daily Review for November 6, 2019

USD Spikes, Gold Sinks as ISM Services PMI Tops Estimates

The ISM Services/Non-Manufacturing PMI for October crossed the wires with a print of 54.7 vs estimates of 53.4 and prior reading of 52.6.

 

US Dollar Gains, EUR/USD Suffers, AUD/USD at Potential Turning Point – US Market Open

US Dollar Gains, EUR/USD Suffers, AUD/USD at Potential Turning Point – US Market Open

 

US Dollar Prices Continue Support Bounce: USD/CHF, GBP/USD, AUD/USD

The US Dollar has continued to bounce after last week’s test of two-month-lows, but the data has yet to begin and this morning’s services ISM report looms.

 

When is the New Zealand Q3 employment data and how could it affect NZD/USD?

Early Wednesday in Asia, at 22:45 GMT Tuesday world over, the global market sees the quarterly employment data from the Statistics New Zealand.

 

Forex Today: King Dollar returns

Here is what you need to know Wednesday, November 6th: Mounting hopes that the US and China will reach a trade agreement underpinned the greenback, la

 

USD/MXN rises to test 19.25, critical short-term resistance

The USD/MXN pair is rising for the second-day in-a-row on Tuesday and it continues to trade in the 19.00/19.25 range, but now closer to the upper limi

 

USD/CHF prints fresh highs above 0.9930 on US data and trade deal optimism

The USD/CHF pair continued to rise after the beginning of the American session and peaked at 0.9933, the highest level since last Wednesday. It is mov

 

USD/JPY steadies above 109, looks to register highest daily close since May

The combination of broad-based USD strength and upbeat market mood on Tuesday allowed the USD/JPY pair to build on Monday’s gains. As of writing, the

 

USD/CAD climbs to daily highs above 1.3170 on broad-based USD strength

The USD/CAD pair fell to 1.3110 area during the European trading hours as rising crude oil prices allowed the commodity-related loonie to continue to

 

AUD/USD erases post RBA gains as dollar strength continues

AUD/USD was 0.75% higher on the session at one point today as commodities traded higher. Also overnight we had the latest from the RBA who left rates

 

Gold continues to sell off as the dollar rallies

Gold has lost around 1.50% of its value today as it seems investors are positioning away from safe havens. The US 10 year yield is also climbing alon

 




EUR/USD technical analysis: Euro trades at five-day low as US ISM Non-Manufacturing PMI comes better-than-expected

On the daily chart, the Euro is trading in a downtrend below its 200-day simple moving average (DMA) while challenging the 100 DMA. This Monday, the ISM Non-Ma

 

USD/JPY pushes past 109.00 as data inspires another rally

USD/JPY has a lot to be happy about today as the good ISM non-manufacturing data beat expectations of 53.5 to print at 54.7. Elsewhere today, equitie

 

Breaking: ISM Non-Manufacturing PMI rebounds to 54.7, EUR/USD extends slide to 1.1080

 

The Chinese yuan is above the key psychological level of 7-per-dollar for the first time in 3 months. Here’s why that’s a big deal for markets. | Markets Insider

China’s yuan surged beyond the key psychological level of 7-per-US dollar Tuesday, reaching its strongest level in three months.The currency move arri…

 

US Dollar Resistance Test: GBP/USD, USD/CHF, USD/CAD, AUD/USD

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EUR/USD and GBP/USD Forecast November 6, 2019

For additional up-to-date Forex Trading information: News (https://www.dailyforex.com/forex-news/page-1), Technical Analysis (https://www.dailyforex.com/fore…

 

USD/JPY and AUD/USD Forecast November 6, 2019

For additional up-to-date Forex Trading information: News (https://www.dailyforex.com/forex-news/page-1), Technical Analysis (https://www.dailyforex.com/fore…

 

New Zealand Dollar Sinks on Worse than Expected Jobs Data

New Zealand unemployment rate rises to 4.2% vs expectations of 4.1%, prompting further expectations for a rate cut at next week’s RBNZ meeting

 

NZD/USD extends declines amid downbeat Q3 employment data

With the weaker than expected employment data keeping another rate cut from the Reserve Bank of New Zealand (RBNZ) on cards, NZD/USD drops to 0.6378.

 

AUD/USD looks for fresh direction to extend the recovery amid recent challenges to risk-on

Despite rising to challenge late-October highs during the previous day, AUD/USD buyers catch a breath amid mixed fundamental signals.

 

Gold Price Prediction, AUD/USD Outlook Using Trader Positioning

Trader positioning hints that gold prices may turn lower while the US Dollar could weaken against the Australian Dollar. XAU/USD, AUD/USD face key psychological barriers though.

 

AUD/USD Analysis: RBA Meeting Fails to Foster Break of October High

The monthly opening range for AUD/USD suggests the correction from the yearly low (0.6671) is nearing an end as the exchange rate pullbacks ahead of the October-high.

 




US Dollar Price Volatility Report: FOMC Rate Cut Odds Plunge

The rebound in USD price action is gaining traction following solid economic data that has caused an unwinding of front-loaded FOMC rate cut bets, but the US Dollar still faces serious headwinds.

 

Japanese Yen May Rise as the US Dollar Reversal Speeds Up in Asia

The US Dollar and Japanese Yen may rise during Asia trade as fading Fed rate cut bets offer a contrasting narrative to US-China trade deal hopes. The Australian Dollar is vulnerable.

 

USD/CNH Technical Analysis: Below 7.00 for first since Aug. 5

USD/CNH is trading below 7 for the first time since Aug. 5. The offshore Yuan (CNH) is being quoted less than 7 per US dollar for the first time since

 

AUD/USD: Range play continues even as Aussie bond yields hit 3.5-month high

The AUD/USD pair remains trap in a narrow range despite the uptick in the Aussie government bond yields. The pair is currently trading largely unchang

 

USD/JPY reverts to 109.00 despite dismal Japanese service sector data

USD/JPY is feeling the pull of gravity, despite the weak Japanese macro data. The currency pair is currently trading at 109.04, having hit a low of 10

 

NZD/USD Technical Analysis: Flashing red for third day, eyes rising wedge breakdown

NZD/USD is currently trading at 0.6367, representing a marginal loss on the day, having dropped 0.37% and 0.42% on Monday and Tuesday, respectively. O

 

Trader Positioning Bets: US Dollar, Gold, AUD/USD Outlook with Daniel Dubrovsky – NOV 06, 2019

In this webinar, DailyFX Analyst Daniel Dubrovsky discusses traders’ positioning as a key element of market analysis to determine the prevailing and future p…

 

AUD/USD remains on the defensive below 0.6900 handle

The AUD/USD pair extended the overnight pullback from the 0.6925-30 supply zone and is currently placed near the lower end of a one-week-old trading r

 

USD/JPY slips below 109.00 handle, fresh daily lows

The USD/JPY pair edged lower through the Asian session on Wednesday and has now slipped below the 109.00 handle, eroding a part of the overnight stron

 

German Factory Orders rise 1.3% MoM in Sept vs. +0.1% expected, EUR/USD little changed

 

Forex Today: Chinese tariff demands may break trade talks, USD marches forward, Fed speakers eyed

Here is what you need to know on Wednesday, November 6: – Trade: The US and China are nearing an agreement on Phase One of the trade deal. However, ta

 

US Dollar Index flirting with tops near 98.00

The US Dollar Index (DXY), which gauges the greenback vs. a basket of its main rivals, is looking to extend the positive performance to the 98.00 regi

 




USD/CAD flirts with technical pattern high

Yesterday was a strange day for the Canadian dollar as it started well with oil trading higher and commodities currencies outperforming. Then in the a

 

USD/JPY steadies near 109 following two-day rally

The USD/JPY pair gained nearly 100 pips in the first two days of the week and reached a fresh five-day high of 109.25 but struggled to preserve its bu

 

USD/CHF stays in tight consolidation channel above 0.99

The USD/CHF pair gained more than 40 pips on Tuesday boosted by the broad USD strength and the upbeat market sentiment. With the market action turning

 

AUD/USD Technical Analysis: Turns positive for the day, back around 0.6900 handle

The AUD/USD pair reversed an early dip and turned higher for the second consecutive session on Wednesday, with bulls making a fresh attempt to build o

 

GBP/USD is static this morning but holds at relatively high levels

As we head to this weeks BoE meeting GBP/USD is trading flat today. On Tuesday, GBP/USD didn’t suffer as much as the rest of the USD denominated pair

 

EUR/USD Technical Analysis: extra losses now point to the 55-day SMA near 1.1040

EUR/USD Overview Today last price 1.1088 Today Daily Change 26 Today Daily Change % 0.14 Today daily open 1.1072 Trends Daily SMA20 1.1096 Daily SMA5

 

USD/CAD in search of a firm direction, holds steady above mid-1.3100s

The USD/CAD pair lacked any firm directional bias and was seen oscillating in a narrow trading band, around mid-1.3100s through the early European ses

 

Have a nice trading!




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