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USD Daily Review October 29, 2018

USD Daily Review for October 29, 2018

Weekly Technical Forecast: Equities Suffer Key Technical Breaks, Dollar Uncertain of Its Role, Volatility Rising

Volatility was the technical hallmark of the past week. The US equity indices were undoubtedly offering up the most dramatic charts with critical breaks on


US Dollar Aims Higher on Liquidity Appeal Amid Market Rout

The US Dollar looks likely to continue upward after hitting a 17-month high as its unrivaled liquidity continues to attract demand amid broad-based risk aversion.


Dollar Advancing to 16-Month Highs Depends on Its Preferred Correlation

The DXY Dollar Index has distorted the path of a bearish reversal pattern. However, decision between a continued climb to 16-month highs or retreat to


USD/CAD Rate Threatens Bearish Trend Ahead of U.S. NFP Report

USD/CAD rallies to fresh monthly highs even as the Bank of Canada (BoC) delivers a hawkish rate-hike, and topside targets remain on the radar as


GBPUSD Weekly Technical Outlook: Short-Term Chart Looks Oversold

GBPUSD is attempting to bounce off its seven-week low and the short-term chart is deep in oversold territory, but longer-term Sterling still looks weak


Australian Dollar Might Get Some Respite If Inflation Holds Up

The Australian Dollar remains very short of fundamental support but, with AUD/USD close to 2018 lows again, may not be hammered any harder this week


AUD/USD Price Sets Up for a Rise, GBP/AUD Risks Extending Reversal

In the final moments of last week, AUD/USD set itself up for a reversal following a hammer on the weekly chart, meanwhile GBP/AUD prices are


United States CFTC USD NC net positions climbed from previous $226.8K to $239.4K

United States CFTC USD NC net positions climbed from previous $226.8K to $239.4K


USD/CAD erases all of its daily gains, turns flat near 1.3070

After rallying to its highest level since September 11 at 1.3160 earlier today, the USD/CAD pair reversed its course in the second half of the day and


GBP/USD accelerates recovery as US dollar tumbles

The GBP/USD pair rebounded on Friday, during the US session and moved off the 2-month low it reached earlier at 1.2775. The trend continues to point t


USD/JPY and AUD/USD Forecast October 29, 2018

The US dollar fell against the Japanese yen on Friday, as we continue to see a bit of a flight to safety overall. However, you can see that the 100 EMA has o…


AUD/USD bearish below 10 and 21-D SMAs

The greenback was mostly lower on Friday despite a good Q3 GDP number and the commodity complex benefitted. AUD/USD rallied from a 0.7021 low to 0.710


Asia Stocks Mixed As Global Politics Eyed, USD Keeps Risk-Off Bid

It was a rather directionless start to the week overall for Asia Pacific equity. German and Brazilian politics were to the fore, with established orders


Malaysian Ringgit, Emerging Markets at Risk to China PMI, USD Gain

The Malaysian Ringgit may be at risk to the 2019 government budget as emerging markets are vulnerable to weaker Chinese Manufacturing PMI. More declines in


GBP/USD Technical Analysis: Looking for further upside from 1.2800

GBP/USD, M5 The previous week saw the Sterling take several steps lower against the US Dollar as Brexit headlines continue to derail investor sen


Bullish bets on the US dollar hit four-week low: CFTC – Reuters News

Speculators trimmed the net long bets on the US dollar slightly in the latest week to a four-week low, according to calculations by Reuters and Commod


AUD/USD Technical Analysis: 0.7100 remains a question mark

AUD/USD, M5 The last two weeks shows the AUD/USD struggling to fight back from a new yearly low, and last week’s pickup to close out the action l


USD/JPY Technical Analysis: Bear flag breakdown on the daily chart

Daily chart Spot Rate: 111.97 Daily High: 112.05 Daily Low: 111.77 Trend: Bearish Resistance R1: 112.19 (lower edge of the flag) R2: 112.44 (


GBP/USD holding above 1.2800 ahead of UK budget speech, US consumer spending data

The GBP/USD is trading softly up in early Monday trading, testing the waters near 1.2830 ahead of a tense day that sees the latest annual budget speec


EUR/USD: Risk-off and political uncertainty in Germany may keep EUR under pressure

The EUR/USD picked up a bid on Friday, courtesy of broad-based losses in the greenback. However, the technical setup still remains bearish as 5, 10,


Ex- Franklin Templeton star fund manager Mobius: Yuan could weaken past 7 vs. USD

In an interview with Bloomberg TV, Mark Mobius, the former Franklin Templeton star fund manager and the veteran emerging-markets investor, warned abou


USD/CHF Technical Analysis: Dollar making another run for 1.0000

The previous twenty-four hours saw the USD/CHF fail to hold ground above the 1.0000 major technical handle, and the pair is looking to regain its comp


NZD/USD Technical Analysis: 50-day EMA could be put to test again

Hourly Chart Spot Rate: 0.6532 Daily High: 0.6535 Daily Low: 0.6514 Trend: Bullish Resistance R1: 0.6534 (10-day EMA) R2: 0.6588 (50-day EMA)


USD/CNH Technical Analysis: Bullish case strengthens on falling wedge breakout

Hourly Chart Spot Rate: 6.9624 Daily High: 6.9630 Daily Low: 6.9495 Trend: Bullish Resistance R1: 6.9761 R2: 6.9861 (December high) R3: 7.00


Yen, US Dollar May Rise as Commodity Currencies Fall with Stocks

The Yen and US Dollar may rise while commodity bloc currencies fall with stocks amid another wave of selling across the risky asset spectrum.


EUR/USD around 1.1400 focused on Italy, Germany

After bottoming out in the 1.1330 region last Friday, EUR/USD has managed to regain some attention and is now lingering over the key 1.1400 handle. E


USD/JPY: Bears continue to guard 112.00 ahead of US PCE

Despite several attempts to regain the 112 handle in Asia, the USD/JPY extends its consolidation just below the last heading into the European markets


North Sea Oil And Gas Exploration Still Attracting Billions Of Investment Dollars

Chevron’s divestment sparked many negative headlines for the North Sea but industry data suggests there are plenty of takers for the maturing hydrocarbon prospect.


USD Outperformance on Merkel Exit, Fed QT and Month-End Rebalancing

USD Outperformance on Merkel Exit, Fed QT and Month-End Rebalancing


EURUSD Struggling to Stay Above 1.1400, Sentiment Negative

EURUSD currently changing hands just above 1.1400 but with little momentum to the upside. The Italian budget debate continues to weigh, along with renewed German


USD/CHF stays near parity ahead of PCE inflation data

After spending the majority of the Asian session in a tight range near 0.9980, the USD/CHF pair gained traction in the early European morning and rose


GBP/USD edges higher to 1.2850, daily highs

The better tone in the risk-associated complex is helping the Sterling to gather further ground and pushes GBP/USD to daily highs in the mid-1.2800s.


EUR/USD volatile around 1.14, looks to German headlines

The European currency is trading in quite a volatile fashion at the beginning of the week, prompting EUR/USD to swing between 1.1420 and 1.1360 so far


USD/CAD: Recovery capped near 1.3115, US PCE eyed

The bid tone around the US dollar weakened last hour, sending the USD/CAD back below the 1.31 handle. The sellers continue to lurk above the last, kee


US Dollar Index moves higher to 96.70 ahead of US PCE

The US Dollar Index (DXY), which gauges the greenback vs. a basket of its main rivals, is now picking up pace and tests fresh tops in the vicinity of


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