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USD Daily Review October 1, 2019

USD Daily Review for October 1, 2019

AUD/USD: Australian Dollar Price Outlook & RBA Decision Preview

The Australian Dollar is geared up for heightened volatility with the October RBA rate decision on deck for Tuesday alongside several other high-impact economic data releases.


US Dollar Price Outlook: EUR/USD, GBP/USD, AUD/USD, USD/CAD

The US Dollar has pushed up to a fresh two-year-high on the final trading day of Q3. Will USD bulls be able to hold the bid through the Q4 open?


Euro Suffers as US Dollar Hits 2019 Peak, AUD Eyes Possible RBA Surprise – US Market Open

Euro Suffers as US Dollar Hits 2019 Peak, AUD Eyes Possible RBA Surprise – US Market Open


Forex Today: dollar keeps taking advantage of uncertainty

Here is what you need to know on Tuesday, October 1st: EUR/USD fell to 1.0884, its lowest since May 2017 as the dollar retained its strength while di


USD/MXN rises to three-week highs above 19.70

The USD/MXN rose to 19.75 at the beginning of the American session reaching the highest level since September 6. It then pulled back but held on top o


USD/CHF renews multi-month highs, inches closer to parity

The combination of a broad USD strength, recovering market sentiment and a weakening CHF boosted the USD/CHF pair to its highest level since mid-June


AUD/USD: Steady in mid 0.67 handle ahead of critical RBA meeting

AUD/USD has come under pressure in recent sessions and is st to continue the prevailing bearish 2018 trend. The global economic backdrop is a wight on


GBP/USD: Speculative bears anticipating Brexit, trade war and BoE risks

GBP/USD is trading just below the 1.2300 handle having traded between 1.2283 and 1.2346 on the day on a week that holds little from the UK in the way


USD/JPY climbs to fresh daily highs above 108

After spending the majority of the day fluctuating in a relatively narrow band below the 108 handle, the USD/JPY turned north in the last hour and adv


EUR/USD rebounds modestly from tow-year lows, hovers around 1.0900

The EUR/USD pair dropped to 1.0883 reaching a fresh two-year low. Then it rebounded rising toward the 1.0915 area. Now it is hovering around 1.0900, h


NZD/USD rebound from multi-year lows, still in the red well below 0.6300 handle

The NZD/USD pair remained depressed through the early North-American session, albeit has managed to rebound around 20-25 pips from multi-year lows set


GBP/USD clings to modest daily gains, above 1.2300 handle

The GBP/USD pair trimmed a part of its modest intraday gains and quickly retreated around 25-30 pips from daily tops, albeit showed some resilience be


US Dollar Index records new 2019 high near 99.50

The US Dollar Index (DXY), which tracks the Greenback vs. a bundle of its main competitors, has extended the upside to the vicinity of 99.50, or fresh


USD/CAD advances beyond 1.3250 on uninspiring data from Canada

After edging lower toward the 1.3220 handle on Monday, the USD/CAD pair reversed its direction in the last hour and climbed to a fresh session high of


AUD/USD edges lower toward 0.6750 amid broad USD strength

The AUD/USD pair closed the previous week virtually unchanged and continues to have a difficult time setting its next short-term direction. Neverthele


EUR/USD breaches 1.09 on poor German CPI

The selling pressure around the shared currency has picked up pace in the wake of the German data on Monday, dragging EUR/USD to fresh yearly lows in


Gold Miner stocks sink as gold prices pulled lower by strength in U.S. dollar, equities

Shares of gold miners traded broadly lower Monday, as gold prices fell below a psychologically significant level on the back of a rallying U.S. dollar and…


USD/JPY and AUD/USD Forecast October 1, 2019

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


EUR/USD and GBP/USD Forecast October 1, 2019

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


USD/MXN Forecast October 1, 2019

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


Gold Price Foreacst: XAUUSD Grasps for Support Near 2-Month Low

Gold suffered a break beneath support on Monday and will now look for subsequent buoyancy as bulls look to stem the recent bleed.


US Dollar Price Volatility Report: WTO, Fed & ISM Manufacturing

The US Dollar jumped to fresh 2019 highs and looks to the upcoming WTO ruling in addition to Fed commentary and PMI data on deck to potentially fuel further upside.


NZD/USD seesaws near 4-year low after NZ NZIER business confidence data

With the private business sentiment gauge dropping to a multi-year low, NZD/USD extends its weakness forward while taking rounds to 0.6260.


Australian Dollar Whipsaws as RBA Cuts Rate, APAC Stocks Hold Up

AUD/USD made initial gains as Australia’s key interest rate falls again, to 0.75%. The RBA’s accompanying statement was no more dovish than recent editions.


RBA Preview: AUDUSD Vulnerable to 25bp Rate Cut, Dovish Guidance

The RBA interest rate decision may drag on AUD/USD as the central bank is expected to cut the official cash rate (OCR) by 25bp to a fresh record-low of 0.75%.


US Dollar Rose as Crude Oil Prices Broke Support, Eyeing August Low

Crude oil prices took out support, exposing August lows despite a pickup in risk appetite as the S&P 500 rose. The US Dollar rallied, taking the Euro to its weakest since May 2017.


AUD/USD pops and drops after RBA matches market consensus of a 0.25% rate cut

With the RBA matching most market consensus, AUD/USD stays little changed around 0.6750 ahead of the European opening on Tuesday.


Breaking: AUD/USD jumps to 0.6760 on expected RBA rate cut by 25 bps to 0.75%

AUD/USD jumps to 0.6760 on expected RBA rate cut by 25 bps to 0.75%


USD/INR technical analysis: 100-bar EMA, 38.2% Fibo. can question recent pullback

Despite bouncing off near-term key support-line, USD/INR stays below a confluence of 100-day EMA and 38.2% Fibonacci retracement on early Tuesday.


GBP/USD: All eyes on UK Manufacturing PMI, Brexit plan

Despite a slew of political headlines during the early Asian session, GBP/USD stays modestly unchanged, while being under pressure before key data/events.


EUR/USD registers biggest quarterly drop since Q2, 2018

EUR/USD is operating on slippery grounds, having registered the biggest quarterly drop in over a year in the third quarter. The currency pair closed a


USD/JPY technical analysis: Bulls again confront medium-term resistance-line

While taking bids to 108.22, USD/JPY trades near the highest in nearly two weeks on early Tuesday. The pair now confronts a downward-sloping trend-line.


USD/CHF technical analysis: Another attempt to defy 2-month-old rising wedge resistance

Sustained trading above 0.9948/50 confluence again propels USD/CHF to confront near-term key resistance-line.


Gold: Under pressure around 8-week low as Dollar Index nears record high

With the US Dollar (USD) strength outshining political pessimism surrounding the US and the UK, Gold prices keep it low nearing $1,470.


EUR/USD holding up despite inflation data weighing and strong USD

EUR/USD was somewhat robust overnight considering the US Dollar’s rise to fresh cycle highs in the DXY. The single currency traded between 1.0950 to 1


USD/JPY likely to drop to 102 by the end of the year – BNP Paribas

USD/JPY will likely drop to 102.00 by the end of the year, as the Bank of Japan (BOJ) has run out of ammo and will have a tough time matching easing e


EUR/USD Eyes Eurozone CPI and US ISM Data Amid Trade War Tensions

EUR/USD may wobble ahead of the release of Eurozone CPI data and US ISM reports, though EU-US trade war tensions may ultimately provide a boost to the US Dollar at the expense of the Euro.


Forex Today: EUR/USD fails to recover, Boris Johnson has new Brexit ideas, and a busy start to Q4

Here is what you need to know on Tuesday, October 1: EUR/USD continues struggling below 1.09 after falling below the round number — and to the lowest


US Dollar Index around 99.50 ahead of key data, new 2019 highs

The Greenback, when tracked by the US Dollar Index (DXY), keeps the rally well and sound and is now navigating the area of new YTD highs in the mid-99


Brexit Latest: GBP/USD Eyes UK PM Johnson’s Brexit Plan

Brexit Latest: GBP/USD Eyes UK PM Johnson’s Brexit Plan


Gold Price Slumps but Looks Oversold as US Dollar Continues to Soar

Gold has shed around $70/oz. in the last week despite a mildly supportive, political backdrop. The US dollar however continues to strengthen forcing the precious lower.


EURUSD Rate Searches for Support as ECB Calls for Fiscal Stimulus

EURUSD continues to search for support, with the exchange rate at risk of exhibiting a more bearish behavior amid the weakening outlook for the monetary union.


AUD/USD steadies around 0.6700 after RBA-inspired fall

After spiking to a session high of 0.6766 with the initial reaction to the Reserve Bank of Australia’s (RBA) monetary policy announcements during the


EUR/USD trims losses and returns near 1.09, focus on ISM

After bottoming out in the 1.0880/75 band earlier in the session, EUR/USD managed to regain some poise and is now flirting with the key barrier at 1.0


USD/CHF technical analysis: Rallies to 2-1/2 month tops, further beyond parity mark

The USD/CHF pair added to the overnight strong gains and continued gaining positive traction through the early European session on Tuesday. The pair c


GBP/USD recovers early lost ground to 3-week lows, back near 1.2300 mark post-UK PMI

The GBP/USD pair quickly reversed an early European session dip to over three-week lows and jumped to the top end of its daily trading range, around t


GBP/USD stays below 1.23 after UK Aug Manufacturing PMI rebounds to 48.3 in Sept

The UK manufacturing sector activity contraction unexpectedly slowed in the month of September, the latest survey report from IHS Markit showed this T


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