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USD Daily Review November 8, 2019

USD Daily Review for November 8, 2019

Bitcoin Forecast: USD/CNH Decline May Fuel BTC/USD Bears

A substantial improvement in US-China trade relations could have an adverse impact on Bitcoin as USD/CNH falls under pressure.


USD/CAD Following BOC Rate Odds; NZD/USD Awaits RBNZ Rate Cut – Central Bank Watch

Elsewhere, rate cut odds for the Reserve Bank of Australia have dropped, giving AUD/USD room to trade higher in recent weeks.


Euro Forecast: EUR/USD Reversal Gathers Pace; EUR/JPY Maintains Flag

EUR/USD has been under renewed pressure in recent days, while EUR/JPY has continued to hold within its sideways consolidation from mid-October.


USD Price Outlook: US Dollar Back to Resistance, GBP/USD Dips on BoE

The US Dollar is putting in another test at the 98.00 level, and that short-term resistance doesn’t appear as though it’ll hold for much longer.


USD/MXN drops for the second-day in-a-row, remains in range

The USD/MXN pair is trading at 19.10, slightly above the Asian session low. The pair retreated all the way down from 19.17 amid an improvement in mark


AUD/USD technical analysis: Aussie trades at two-day highs, ignoring DXY strength

The Aussie is trading in a downtrend below its 200-day simple moving average (DMA) on the daily chart. This Thursday the Aussie is holding above the 0.6900 han


USD/CHF extends rally to 0.9975, highest since mid-October

The USD/CHF pair broke to the upside after trading sideways around 0.9925 for hours. It climbed to 0.9975, reaching a three-week high. Near the end of


USD/JPY advances to highest level since May near 109.50

The USD/JPY started the day below the 109 handle on Thursday and spent the Asian session in a calm manner but rose sharply during the European trading


GBP/USD technical analysis: Cable under bearish spell below the 1.2900 handle

In October, the Cable jumped to levels not seen since mid-May 2019. The Cable is trying to break to the downside from a triangle pattern.


GBP/USD technical analysis: Cable didn’t like it below 1.28

Today at the Bank of England (BoE) meeting the vote split surprised markets as MPC members Saunders and Haskel turned dovish. The vote ended up 7-2 i


AUD/USD fails to hold above 0.6900 as DXY extends rally

After advancing to a daily high of 0.6913 during the European trading hours, the AUD/USD pair turned south in the second half of the day and erased a


AUD/USD technical analysis: Aussie erasing parts of daily gains, trading below the 0.6900 handle

The Aussie is trading in a bear trend below the 200-day simple moving average (DMA) on the daily chart. This Thursday the Aussie is trading back below the 0.69


USD/JPY technical analysis: Prices moves higher with rising wedge formation

USD/JPY is pushing higher as a strong bout of risk sentiment enters the market. Stocks are pushing to all-time highs and safe-haven assets are falling


EUR/USD tumbles under 1.1050, to lowest in three weeks as US dollar soars

The EUR/USD pair accelerated to the downside and now has fallen more than fifty pips from the daily high. As of writing trades at 1.1035, the lowest l


US Dollar Index technical analysis: DXY climbing to three-week highs, trading above the 98.00 handle

DXY (US Dollar Index) is trading in a bull trend above the 100 and 200 DMAs. This Thursday the Greenback is breaking above the 98.00 handle, trading now at it


McDonald’s new CEO didn’t own any shares of the company before last week. Now he owns half a million dollars’ worth. | Markets Insider

Last week Chris Kempczinski was the US president of McDonald’s and didn’t own any shares in the company. One week later, Kempczinski became the fast-food…


US Dollar Breaks Out, USD Price Action Setups: GBP/USD, USD/CAD

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Using Trader Sentiment to Spot a Potential AUDUSD Breakout

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EUR/USD and GBP/USD Forecast November 8, 2019

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


USD/JPY and AUD/USD Forecast November 8, 2019

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


EUR/USD Technical Analysis: Resting above 50-day MA support

EUR/USD is currently holding above the 50-day average support at 1.1039 with the daily chart reporting a bearish bias. Notably, the double top breakdo


NZD/USD: Bounce from 50-day MA stalls near 0.6365 despite hopes of US-China deal

NZD/USD bounced up from the 50-day moving average during the US trading hours, but the recovery rally now looks to have stalled near 0.6365. The Kiwi


US Dollar Index technical analysis: DXY ends Thursday at its highest in three weeks, nearing 98.30 key level

DXY (US Dollar Index) is trading in a bull trend above its 100 and 200-day simple moving average DMAs. This Thursday the Greenback broke above the 98.00 handl


Australian Dollar Gains on China Trade Data May Not Hold

The Australian Dollar rose as China reported better-than-expected import and export data but uncertainly about the Sino-US trade deal may cap upside potential.


EUR/USD Losses to Persist Amid Shift in Federal Reserve Rhetoric

EUR/USD may continue to give back the advance from the yearly-low (1.0879) as a growing number of Fed officials tame speculation for another rate cut in 2019.


GBP/USD Price at Turning Point, Trade Uncertainty to Boost Yen?

The British Pound sits at a potential turning point versus the US Dollar after the BoE. The anti-risk Japanese Yen may recover losses as developments jawboned US-China trade hopes.


US Dollar Price Volatility Report: USD/JPY, AUD/USD, USD/CAD

USD/JPY, USD/CAD and AUD/USD price action comes into focus for Friday’s trading session with US consumer sentiment data, a Canadian jobs report and US-China trade headlines expected to stir volatil…


GBP/USD in post-BOE bearish consolidation above 1.2800

The recovery attempts in GBP/USD continue to face stiff resistance near 1.2825 region, leaving the spot in a downside consolidation phase above the 1.


EUR/USD defends key support, focus on US Treasury yields

EUR/USD fell for the fourth straight day on Thursday but defended the widely-tracked 50-day average support. A bounce could be seen as Treasury yields


China Trade Balance USD came in at $42.81B, above expectations ($40.83B) in October

China Trade Balance USD came in at $42.81B, above expectations ($40.83B) in October


AUD/USD keeps losses after above-forecast China data

A better-than-expected China trade balance is struggling to put a bid under the Aussie Dollar – a G-7 proxy for China. The nation’s trade balance wide


China Trade Balance USD below expectations ($40.83B) in October: Actual ($0.43B)

China Trade Balance USD below expectations ($40.83B) in October: Actual ($0.43B)


Dollar Index technical analysis: Double bottom breakout

Dollar Index, which tracks the value of the greenback against majors, closed 0.18% higher on the day at 98.13, confirming a double bottom breakout on


US Dollar Attracts Investors as Global Market Mood Improves

The US Dollar enjoyed support from haven demand through most of 2019. Investors may now be attracted by its yield advantage as global market mood improves.


GBP/USD struggles near two-week lows, just above 1.2800 handle

The GBP/USD pair nursed the previous session’s post-BoE losses to two-week lows, with bears still awaiting a sustained break below the 1.2800 round fi


USD/JPY consolidates in a range, comfortably above 109.00 handle

The USD/JPY pair seesawed between tepid gains/minor losses through the Asian session on Friday and is currently placed in the neutral territory, aroun


US Dollar Index remains bid above 98.00, focus stays on trade

The US Dollar Index (DXY), which gauges the greenback vs. a basket of its main rivals, is prolonging the upside momentum beyond the 98.00 handle. US D


GBP/USD Price Outlook Driven Lower by Latest US Treasury Yield Surge

The interest rate differential between US and UK government bond yields continues to weigh on GBP/USD and is helping to push the pair towards recent support levels.


Euro Outlook: EUR/USD Turns to US Data After Ugly EU Forecast

EUR/USD may fall if US confidence data underscores a resilient optimism in the consumer and leads capital to flow in the Greenback on the back of improving fundamentals.


USD/CHF technical analysis: The pair completes a technically perfect pattern retest

USD/CHF has been pushing higher as risk sentiment in financial markets is improving. It seems that as the trade war rhetoric improves more and more in


When is the Canadian jobs report and how could it affect USD/CAD?

Statistics Canada is scheduled to publish the monthly jobs report for October later this Friday at 13:30 GMT. According to consensus estimates, the nu


India FX Reserves, USD climbed from previous $442.58B to $446.1B in November 1

India FX Reserves, USD climbed from previous $442.58B to $446.1B in November 1


GBP/USD – Cable falls as comments from SNP’s Sturgeon inspires more losses

GBP/USD has taken a dive this morning after some USD strength. Now the moves are accelerating after the comments from the Scottish National Party lea


USD/JPY clings to small daily gains above 109.30 as risk rally loses momentum

The USD/JPY pair capitalized on the upbeat market mood on Thursday and climbed to its highest level since late May at 109.49 but has gone into a conso


AUD/USD technical analysis: Choppy price action of late – price may now be breaking lower

AUD/USD has been stronger lately due to the improved trade outlook helping China. If China becomes stronger then AUD normally does due to the fact th


NZD/USD flirting with weekly lows, around mid-0.6300s

Having touched a daily high near the 0.6385 region, the NZD/USD pair met with some fresh supply and is currently placed near the lower end of its week


USD/CAD technical analysis: The pair is testing the psychological 1.32 resistance again

USD/CAD is pushing higher in early EU trade and is now looking to take on the 1.32 resistance level. The pair is already trading 0.18% higher and has


EUR/USD Technical Analysis: rising odds for a test of 1.1000 (and below)

EUR/USD Overview Today last price 1.1046 Today Daily Change 12 Today Daily Change % 0.00 Today daily open 1.1046 Trends Daily SMA20 1.1102 Daily SMA5


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