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USD Daily Review November 7, 2019

USD Daily Review for November 7, 2019

Sterling Price Outlook: British Pound Breakout Stalls-GBP/USD Levels

Sterling is on the defensive ahead of the BoE decision with British Pound holding a three-week price range. Here are the levels that matter on the GBP/USD weekly chart.


USD/CNH Above 7.0, Gold Pops on US-China Trade Deal Delay

USD/CNH spiked back above the taboo 7.0000 price level while gold prices jumped and equities slid in response to reports that the phase one US-China trade agreement could be breaking down.


US Dollar Slips, Canadian Dollar Dragged Down by Soft Crude Oil Prices – US Market Open

US Dollar Slips, Canadian Dollar Dragged Down by Soft Crude Oil Prices – US Market Open


AUD/USD drops to weekly lows near 0.6870 on US-China trade headlines

The AUD/USD pair came under renewed bearish pressure in the last hour with the latest headlines surrounding the United States (US)-China trade dispute


USD/CHF technical analysis: Greenback hanging near the November highs against CHF

On the daily chart, USD/CHF is trading in a range below its 200-day simple moving average (DMA). The market is holding just above the 50 SMA today at the 0.991


USD/JPY slumps below 109 on fresh US-China trade worries

After spending the majority of the day moving sideways near the 109 handle, the USD/JPY pair came under strong bearish pressure in the last hour as th


GBP/USD could test the previous wave low support of 1.2860

In a pretty quiet session for GBP/USD the market is looking to test the 1,2860 support zone. If breached it could open the pair up for a further move


USD/JPY technical analysis: The Greenback might be heading towards the 110.00 handle

USD/JPY is challenging the 109.00 handle and the 200-day simple moving average (SMA) on the daily chart. In both September and October, the market has been con


Canadian Ivey PMI misses expectations sending USD/CAD higher

After the US beat on the ISM non-manufacturing PMI on Tuesday Canadian dollar traders were looking to see what kind of strength there is in the Canad


GBP/USD technical analysis: Cable getting ready for something nasty?

In October, GBP/USD soared above the main daily simple moving averages (DMAs) and reached levels not seen since mid-May 2019. The Cable is currently trapped in


USD/JPY and AUD/USD Forecast November 7, 2019

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


USD/CAD Forecast: Will the Bank of Canada (BOC) Capitulate?

The Canadian Dollar (CAD) seems at risk since the Bank of Canada (BOC) softened up language in its latest monetary policy update and could open up the door to the central bank’s first rate cut sinc…


Gold struggles around 50-day EMA amid US-China trade jitters, USD strength

While broad strength of the US dollar (USD) exerts downside pressure on gold prices, uncertainty surrounding the US-China trade relations favors the rise.


EUR/USD technical analysis: Euro ends Wednesday near three-week lows, trading sub-1.1072 swing low

The Euro, on the daily chart, is trading in a bear trend below the 100 and 200-day simple moving averages (DMAs). This Wednesday the market consolidated Tuesda


NZD/USD clings to 21-day SMA as US-China trade uncertainty prevails

Amid a lack of clarity over when, where and how the much-awaited trade deal between the United States (US) and China will be signed, NZD/USD holds steady.


EUR/USD and GBP/USD Forecast November 7, 2019

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USD/MXN Forecast November 7, 2019

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British Pound Forecast: GBP/USD, EUR/GBP Eye BoE, UK Election

The British Pound will be bracing for the Bank of England rate decision and subsequent press briefing as the campaign season kicks off with Brexit uncertainty looming.


Canadian Dollar, Crude Oil Prices Sank. USD/CAD Uptrend May Extend

The Canadian Dollar sank with crude oil prices and the USD/CAD uptrend was prolonged as expected. Ahead, the anti-risk Japanese Yen may gain at the expense of the Australian Dollar.


USD/INR clinches three-week tops above 71.00 on RBI rate cut calls, USD strength

The USD/INR pair extends its rebound from five-week lows into a fourth day on Thursday, hitting fresh three-week highs of 71.12 some minutes ago. The


EUR/USD logs longest daily losing streak in two months

EUR/USD has charted the longest daily losing streak in two months ahead of the data in Germany, which is expected to show the factory activity contrac


AUD/USD Technical Analysis: 100-day EMA limits downside risk

Following its break of a three-week-old ascending support line, AUD/USD slips to 0.6868 during early Thursday.


USD/JPY Technical Analysis: Flashing red below 200-day MA, down 20+ pips in Asia

USD/JPY is currently trading at 108.74, representing a 24-pip loss on the daily open of 108.98. The currency pair is losing altitude amid the moderate


GBP/USD to fall 2% on Labour Party wins majority – Reuters

Sterling would bounce around 3% if Prime Minister Johnson’s ruling Conservative Party gets a majority in parliament on Dec. 12 but will fall 2% if the


USD/CAD Technical Analysis: 50% Fibo, 200-bar SMA again challenge bulls

Following its successful reversal from 100-bar SMA, USD/CAD again confronts 1.3195/3200 key resistance region during early Thursday in Asia.


NZD/USD: Previous week’s gains have been erased

NZD/USD has pretty much erased the gains seen last week despite the easing of US-China trade tensions. The currency pair is currently trading at 0.635


EUR/USD Technical Analysis: Double top breakdown confirmed

EUR/USD’s bounce from 1.0879 has likely ended and the bears seem to have regained control, a bearish chart pattern indicates. On Wednesday, the pair c


AUD/USD keeps losses despite big beat on Australian trade surplus

AUD/USD is struggling to pick up a strong bid despite a better-than-expected Australian trade data. The country’s trade surplus widened to A$7,180 mil


USD/JPY jumps to session tops, back above 109.00 handle

The USD/JPY pair rallied around 50 pips in the last hour and refreshed session tops in the last hour, with bulls looking to extend the momentum furthe


German Industrial Production drops 0.6% MoM in Sept, misses estimates (EUR/USD unmoved)


US Dollar Index sticks to gains around 98.00

The greenback, in terms of the US Dollar Index (DXY), is prolonging the optimism so far this week, managing to retake the key area around the 98.00 ma


Dovish BoE Sends GBP/USD Lower, 2 Voters Call for Rate Cuts

Dovish BoE Sends GBP/USD Lower, 2 Voters Call for Rate Cuts


Canadian Dollar Forecast: USD/CAD Price Remains Vulnerable

USD/CAD is finding it hard to break back above the 1.3200 area and short-term trading is now confined between the 20- and 50-day moving averages.


Brexit Briefing: GBP/USD Muted on Rocky Start to UK Election Campaign

Brexit Briefing: GBP/USD Muted on Rocky Start to UK Election Campaign


GBP/USD drops to fresh 1-1/2 week lows post-BoE announcement

The selling pressure around the British Pound re-emerged post-BoE announcement and dragged the GBP/USD pair to fresh 1-1/2 week lows, around the 1.282


Breaking: BOE sends GBP/USD plunging

— more to come Follow all the BOE updates in the live coverage


NZD/USD climbs higher toward 0.6400 dominated by US-China trade headlines

The NZD/USD pair gained traction on Thursday as the latest headlines surrounding the United States (US) – China trade dispute helped antipodeans gathe


EUR/USD Technical Analysis: the bullish attempt could test the 100-day SMA near 1.1120

EUR/USD Overview Today last price 1.1091 Today Daily Change 37 Today Daily Change % 0.20 Today daily open 1.1069 Trends Daily SMA20 1.1101 Daily SMA5


US Dollar Index Technical Analysis: initial hurdle remains at 98.00

Dollar Index Spot Overview Today last price 97.83 Today Daily Change 20 Today Daily Change % -0.13 Today daily open 97.96 Trends Daily SMA20 97.76 Da


USD/JPY sits near weekly tops, comfortably above 109.00 handle

The USD/JPY pair built on its goodish intraday bounce and is currently placed near the top end of the weekly trading range, around the 109.20 region.


EUR/USD is looking to break an intraday resistance level

EUR/USD is trading higher this morning after China and the US agreed to phased rollback of extra trade war tariffs. The softening of the trade war to


Have a nice trading!

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