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USD Daily Review November 7, 2018

USD Daily Review for November 7, 2018

EUR/USD: Weekly Long Positions Climb 13%

The combination of current sentiment and recent changes gives us a further mixed EURUSD trading bias.


Euro Holds Support, GBP Rises, USD Eyes Midterm Elections – US Market Open

Euro Holds Support, GBP Rises, USD Eyes Midterm Elections – US Market Open


USD/JPY looks to close record highest daily close in a month near mid-113s

Although the greenback stayed relatively calm, as expected, ahead of the midterm elections in the U.S., the USD/JPY pair continued to push higher and


NZD/USD at a cross-roads: It’s now all about (US elections) NZ jobs

There has been a switch-up in sentiment towards global trade based upon a few tweets from Trump that seemed to have sparked a paring back of speculati


USD/CAD steadies in upper-half of daily range above 1.3130

The USD/CAD pair rose to a fresh 5-day high at 1.3145 on Tuesday as the commodity-sensitive struggled to find demand amid the ongoing crude oil sell-o


USD/MXN slides further below 20.00, to the lowest in a week

The Mexican peso is rising for the fourth-day in-a-row against the US dollar. The recovery in Mexican assets after the sell-off of a week ago, some we


Trading the US Election: Dollar bias is to the downside – TDS

Analysts at TD Securities explained that polls suggest a number of individual close races in the US midterm elections, but most poll aggregators, bett


USD/JPY: en route to 114.74 recent highs

USD/JPY is currently trading at 113.42 and edging its way higher following a surge in the greenback from 96.15 to a high of 96.37 while US stocks cont


USD/CAD breaks 1.3130 and extends gains

The USD/CAD pair rose further during the US session amid lower crude oil prices and a modest rebound of the greenback. The loonie is among the worst p


AUD/USD: commodities bleeding, weighing on the outlook, watch US election result for possible dollar upside

In a speech made at an expo that was designed to demonstrate goodwill amid mounting frictions with the U.S. and others, Xi largely echoed previous pro


USD/JPY: Greenback bulls parked below 113.55 resistance ahead of the US mid-term elections

USD/JPY is trading up 0.13% near the 113.55 resistance this Tuesday. Bulls have been trying to break this level since late October but so far all atte


EUR/USD rejected from 1.1430, erases daily gains

The EUR/USD pair failed to hold to gains after hitting earlier today at 1.1437, the highest level since Friday. It retreated from the top and it was t


EUR/USD and GBP/USD Forecast November 7, 2018

The Euro has gone back and forth during the trading session on Tuesday, as we have no true directionality until we can get several questions answered when it…


NZD/USD Price Confirms Trend Reversal on New Zealand Jobs Report

NZD/USD prices are soaring above resistance ahead of the 2018 US midterm results and the RBNZ rate decision thanks to a very impressive third quarter


AUD/USD Technical Analysis: searching for 0.7250 in risk-on markets

AUD/USD M5 Hourly candles see the Aussie picking up firmer support from the 38.2% Fibo retracement level at 0.7185, with the 50-hour EMA providin


EUR/USD pushes higher above 1.14 as DXY shows volatility ahead of first exit polls

The EUR/USD pair gained some traction in the last hour and rose to the 1.1430 area as markets are nervously waiting for the midterm election exit poll


GBP/USD teasing 1.3100 ahead of US election results

The GBP/USD is testing into the high side ahead of the first round of voting results in the US mid-term elections, and risk appetite is pinned in the


USD/PHP Extends Fall, Uptrends Hold in USD/SGD, USD/IDR, USD/MYR

Most ASEAN bloc currencies staged a comeback against the US Dollar, especially the Philippine Peso. But dominant uptrends remain intact in USD/SGD, USD/IDR and USD/MYR.


How Does a Lost Carry Currency Like the Kiwi Dollar Rally Like This?

One of the best performing currencies over the past week is the New Zealand Dollar – neither a good carry nor habor from risks


Japanese Yen Technical Analysis: USDJPY Uptrend Weakens

The Japanese Yen has staged a little fightback against the US Dollar but Midterm noise could well be helping it and it might not be


NZD/USD Technical Analysis: Kiwi Dollar Aiming Above 0.68

The New Zealand Dollar looks poised to probe above the 0.68 figure against its US counterpart as a rapid recovery clears another layer of chart


What Will the Dollar, S&P 500 and Risk Trends Follow After the US Elections?

Risk trends spent Tuesday in a wait-and-see holding pattern ahead of US election results, but trends will likely arise elsewhere


Asia Stocks Await US Midterm Results as US Dollar Sits on Support

Asia Pacific benchmark stock indexes await the results of the 2018 US midterm elections. The US Dollar is sitting right on support and may rise


GBP/USD making an early run for 1.3150 as US election results spark risk appetite

The GBP/USD is trading into the 1.3150 region as broader markets whip under the risk-off/risk-on pressures from US midterm elections, and Brexit conce


EUR/USD: Seeing bear-to-bull trend change on projections of split US Congress

The EUR/USD printed a two-week high of 1.1471 in Asia and was last seen trading at 1.1460 – up 0.30 percent higher on the day. The American dollar wa


Breaking News: EUR/USD challenges highs as Democrats clinch the House

Democrats have growing chances to emerge as winners in the House as a dramatic night in US politics unfolds. More and more networks are calling t


NZD/USD consolidates near 3-month highs on stronger NZ jobs, weaker USD

The NZD bulls are seen regaining poise, driving the NZD/USD back to the test the midpoint of the 0.67 handle, as the US dollar is turning back lower a


EUR/USD rises back to 1.1430 as Congress is likely heading for a spit

The EUR/USD has bounced off the 200-hour exponential moving average (EMA) of 1.14 and is currently trading at 1.1438. The dollar is being offered aga


AUD/USD cycling near lows amidst US election swings, ceiling remains at 0.7250

The AUD/USD is testing into the low end in early Wednesday trading, falling back from an early high above 0.7250 before turning about-face into 0.7215


EUR/USD trims gains and returns to 1.1440

The upside momentum in the European currency is losing some traction on Wednesday, motivating EUR/USD to retreat from earlier peals in the vicinity of


GBP/USD Technical Analysis: Brexit hopes keeping the Cable pinned above 1.3100

GBP/USD M5 This week has marked an easy gainer for the Cable, lifting from opening prices near 1.3020, and sequential higher lows and providing a


EUR/USD Technical Analysis: Sticking above 1.1400 for now

EUR/USD M5 This week sees the Fiber trying to make a bullish run, but so far has remained capped by last Friday’s peaks as overzealous bidders ge


EURUSD Analysis: Resistance Curbs Further Upside, Eyes on FOMC

EURUSD Analysis: Resistance Curbs Further Upside, Eyes on FOMC


GBPUSD Price: Important Bullish Price Zone Nears

GBPUSD continues to push higher and is closing in on a confluence of technical indicators that, if broken, could open the way to higher longer-term


USD Price Lower in Europe After US Mid-Term Elections, May Fall Further

The USD price is dropping in Europe after the US Democrats won control of the House and could extend its losses on concerns about US


US Dollar May Turn Higher as Markets Digest Midterms Outcome

The US Dollar may turn higher after a bit of knee-jerk weakness as markets digest midterm election results that increase scope for a bipartisan infrastructure


GBP/USD extends the bounce towards 1.3200 on split US Congress

The bulls are extending control heading into the mid-European session, with the GBP/USD firmly higher above the midpoint of the 1.31 handle, as the US


US Dollar Index tumbles further near 95.80

The US Dollar Index (DXY), which tracks the greenback vs. its main competitors, remains under heavy pressure this week and is now testing lows in the


‘Welcome to gridlock’: Stock traders cheer, dollar investors jeer US midterm results

US stocks set to gain, Chinese stocks and dollar slip, Europe stocks rally. “Trump may now fall back on policy areas that do not require Congress.”


Dollar losses build in wake of midterm election results

The U.S. dollar came under pressure Wednesday, in the wake of midterm election results that saw Democrats take hold of the House and Republicans keep


Have a nice trading!

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