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USD Daily Review November 8, 2018

USD Daily Review for November 8, 2018

EUR/USD Rate Outlook Hinges of Fed Forward-Guidance

EUR/USD remains bid ahead of the Federal Reserve meeting, with the exchange rate at risk for a near-term rebound amid the failed attempt to test


NZD/USD Correction to Face Dovish RBNZ Forward-Guidance

The Reserve Bank of New Zealand (RBNZ) meeting may curb the NZD/USD correction should the central bank endorse a dovish forward-guidance for monetary policy.


GBP/USD: Cable Bulls Rush Back to the Bid, Find Fibonacci Resistance

A brutal October has led into a very bullish November, at least so far, for the British Pound. But with prices nearing a big zone


Gold Price Outlook: XAU/USD Carves Range inside Key Resistance

Gold has carved out a well-defined weekly/monthly opening-range just below key resistance. These are the targets & invalidation levels that matter on the XAU/USD charts.


NZDUSD Outlook: RBNZ May Spark Larger Short Squeeze

NZDUSD Outlook: RBNZ May Spark Larger Short Squeeze


US Dollar in Holding Pattern After Midterms, Ahead of FOMC Tomorrow

The DXY Index is working on a doji candle as attention shifts away from US midterm elections to the November FOMC meeting.


Sentiment Data Point to Higher EURUSD, GBPUSD After US Elections

Retail trader sentiment data suggest gains for both the Euro and the British Pound against the US Dollar after the US mid-term elections.


US Dollar Tests Trend-Line Support After Mid-Terms; FOMC Ahead

One major risk event is now in the rearview with yesterday’s mid-term elections, and another is on the horizon with today’s FOMC rate decision. The


NZD/USD drops modestly after RBNZ, holds near 0.6800

The NZD/USD pair remained around 0.6780/90 following the decision of the Reserve Bank of New Zealand to keep rates unchanged as expected. The kiwi pea


When is the RBNZ and how might it affect NZD/USD?

RBNZ overview The RBNZ is expected to leave the Official Cash Rate (OCR) at 1.75% at its policy meeting today, however, this meeting will garner far


EUR/USD bulls find it tough at the top, losing sight of 61.8% fibo

EUR/USD had been sliding since the markets digested the results of the midterms while the DXY drifts back some ground lost. DXY has drifted higher fro


AUD/USD: has eroded the 0.7240 2018 channel, eyes now to 0.7474 9th July high

AUD/USD has rallied from 0.72 the figure and the heels of the Kiwi that came out with some very impressive jobs data yesterday. The dollar was also on


USD/JPY trims losses, consolidates around 113.30

The USD/JPY pair trimmed losses during the American session amid a recovery of the US Dollar across the board, following US election results. The pair


DailyFX: FOMC Preview& USD Outlook

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USD JPY and AUD USD Forecast November 8, 2018

The US dollar has gone back and forth during the trading session on Wednesday in reaction to the election results, which have been erratic to say the least. …


EUR/USD and GBP/USD Forecast November 8, 2018

The Euro went back and forth rather wildly during trading on Wednesday, mainly in reaction to the midterm elections in America. Ultimately though, I think tr…


AUD/USD coiling beneath 0.7300, but risks are mounting

The AUD/USD is finding itself splashing around near 0.7275 after a run at the 0.7300 level on Wednesday following a decline in the US Dollar following


EUR/USD to Rise Further? FOMC, Italy and Brexit May Bring Losses

EUR/USD has mounted a spirited recovery but an intact downtrend and fundamental headwinds from Brexit and Italy could mean that this upswing will be short-lived.


What Will the Dollar and Dow Glean from a Hawkish Fed Hold?

Markets are particularly sensitive to the FOMC rate decision, with little scope for a hawkish surprise but much to lose on a dovish outcome.


AUD/USD Technical Analysis: Upswing Corrective Within Down Trend

The Australian Dollar has mounted a spirited recovery against its US counterpart but gains appear to be corrective within a broader downtrend.


GBP/USD trying to put in a floor at 1.3100 before stretching higher

The GBP/USD is continuing to hold just above the 1.3100 key technical level after seeing impressive gains recently, fueled largely by Brexit optimism


EUR/USD: Indecisive breakout, focus on the FOMC rate decision

The EUR/USD closed at 1.1426 yesterday, confirming a falling wedge breakout. That breakout, however, is looking indecisive, as the pair charted its w


USD/CNY options reflect bullish invalidation

The USD/CNY one-month 25 delta risk reversals (CNY1MRR) gauge, which shows the implied volatility premium for CNY puts over CNY calls, has dropped sha


AUD/USD is attempting gains above 100-day EMA after China trade data release

The AUD/USD jumped 10 pips to a session high of 0.7280 after China data showed the trade surplus widened to CNY 233.63 billion in October from the pre


China Trade Balance USD below expectations ($35B) in October: Actual ($34.01B)

China Trade Balance USD below expectations ($35B) in October: Actual ($34.01B)


EUR/USD: Put value hits lowest since Aug. 1

The EUR/USD one-month 25 delta risk reversals (EUR1MRR) have risen to -0.575 – the highest level since Aug. 1. The data indicates that the demand or


NZD/USD remains trapped by 0.6800 as Kiwi holds onto gains

The NZD/USD is trapped below the 0.6800 level, trading tightly near yesterday’s highs as the Kiwi seeks to extend recent gains fueled by risk-on Dolla


Gold is flashing green amid gains in the dollar index

Gold is flashing red in Asia, possibly due to gains in the US dollar – gold’s biggest nemesis. At press time, the yellow metal is trading at $1,225 –


GBP/USD Technical Analysis: Bolstered at 1.3130 on Brexit hopes

GBP/USD M5 Over the past week, the Cable has lifted firmly on rising hopes for a successful Brexit negotiation, with yet another key self-imposed


EURUSD Outlook Still Positive Technically After Mixed EU Forecasts

The European Commission and the ECB have published mixed reports on the prospects for the Eurozone economy but the technical outlook for EURUSD remains constructive.


USDJPY Outlook: Bulls Remain Amid Crucial Support and FOMC Decision

USDJPY Outlook: Bulls Remain Amid Crucial Support and FOMC Decision


NZD/USD: Guided by the RBNZ – Westpac

In view of Imre Speizer, Research Analyst at Westpac, NZD/USD has had a good run in November, rising almost 4c since the Oct low of 0.6425. Some of th


US Dollar Index within a tight range near 96.20 ahead of FOMC

The greenback, in terms of the US Dollar Index (DXY), is alternating gains with losses in the second half of the week and is now gyrating around the 9


AUD/USD: Bullish view for the week ahead – Westpac

Sean Callow, Research Analyst at Westpac, suggests that they are sticking with the their bullish view on the AUD/USD pair for the week ahead, even tho


Have a nice trading!

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