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USD Daily Review October 3, 2019

USD Daily Review for October 3, 2019

EUR/USD Holds Channel Support, EUR/JPY Losses Deepen as Global Growth Concerns Rise

Flaring concerns about the US-China trade war are weighing on the US Dollar, in turn sending EURJPY and EURUSD rates in different directions.

 

Japanese Yen Price Outlook: USD Reversal Risks Deeper USD/JPY Losses

USD/JPY marked an outside-day reversal off resistance yesterday- threating a deeper correction in price. Here are the levels that matter on the USD/JPY weekly chart.

 

Australian Dollar Price Outlook: AUD/USD Re-Tests Decade Lows

Can sellers breakthrough this time? AUD/USD is re-testing a key zone of support that built in August around fresh 10-year lows.

 

Precious metals now in the hands of the US Dollar gods

Precious metals, such as Gold and Silver, were picking up a bid mid-week ahead of the Nonfarm Payrolls showdown this Friday where there will be consid

 

US Dollar Index technical analysis: DXY ends Wednesday down near the 99.00 handle

 

AUD/USD steadies near 0.6700, looks to close the day flat

The AUD/USD pair rebounded modestly in the second half of the day on Wednesday and retraced its daily drop that caused the pair to touch its lowest le

 

EUR/USD technical analysis: Fiber is challenging the 1.0960 resistance level

 

USD/CAD has popped out of consolidation, but has it the legs?

USD/CAD has popped higher out of the recent consolidation and has taken on the 200-day moving average on the 1.33 handle to complete a 50% man reversi

 

EUR/USD technical analysis: Fiber clings to weekly highs into the London close

 

USD/JPY hits fresh weekly lows near 107.00 as Wall Street tumbles

The USD/JPY pair dropped further during the American session and bottomed at 107.16, hitting the lowest level in a week. It remains near the lows, und

 

US Dollar Index technical analysis: DXY under pressure nearing three-day lows

 




USD/JPY technical analysis: Greenback extends losses against Yen, sub-107.40 level

 

GBP/USD technical analysis: Cable trading at daily highs, above the 1.2300 handle

 

USD/JPY and AUD/USD Forecast October 3, 2019

For additional up-to-date Forex Trading information: News (https://www.dailyforex.com/forex-news/page-1), Technical Analysis (https://www.dailyforex.com/fore…

 

EUR/USD and GBP/USD Forecast October 3, 2019

For additional up-to-date Forex Trading information: News (https://www.dailyforex.com/forex-news/page-1), Technical Analysis (https://www.dailyforex.com/fore…

 

US Dollar Price Volatility Report: EU Tariffs & ISM Services

The US Dollar is teed up for heightened volatility with the USTR announcing it will move forward with implementing tariffs on $7.5 billion of goods from the EU and the ISM Services PMI report on deck.

 

NZD/USD stays on the recovery mode, eyes on NZ second-tier data, trade news

With the US Dollar (USD) paring its gains against major currencies, the NZD/USD pair holds on to recovery gains while taking the bids to 0.6270.

 

GBP/USD technical analysis: Cable rolling into the Asian session near the 1.2300 handle.

 

US Dollar Uptrend on SGD Reinforced by Singapore PMI Contraction

The US Dollar could gain against SGD after Singapore PMI contraction reinforced MAS easing bets. The Singapore Dollar is vulnerable if US-EU trade war fuels demand for liquidity.

 

USDCAD Rate Reacts to Uncertainty Surrounding USMCA

USD/CAD reacts to the uncertainty surrounding the United States-Mexico-Canada Agreement (USMCA), with recent price action bringing the September-high back on the radar.

 

Canadian Dollar Tumbles With Crude Oil, USD/CAD Clears Resistance

The Canadian Dollar, crude oil prices and stocks tumbled as markets feared another trade war front opening. USD/CAD took out resistance in its most aggressive rise in over 7 months.

 

EUR/USD: Bounce stalls at key hurdle despite the drop in the US yields

EUR/USD is trading in the red at 1.0955 ahead of the London open, having faced rejection near 1.0967 (38.2% Fib Retracement of 1.1110/1.0943) in the A

 

GBP/USD: Sidelined amid Brexit drama, eyes on UK Services PMI, politics

In additional to contrasting Brexit signals, markets cautious trading ahead of the key data/events also limits GBP/USD moves.

 




AUD/USD technical analysis: Nearing key resistance at 0.6719

AUD/USD is flashing green at press time despite the weak Australian trade data. The currency pair needs to rise above key resistance at 0.6719 to conf

 

GBP/USD technical analysis: Indecisive near key support

The GBP/USD pair defended the widely followed 50-day moving average on Tuesday and Wednesday with Doji candles. A Doji represents indecision in the ma

 

AUD/USD shrugs off downbeat Australia trade balance data

Even after witnessing disappointing trade balance data, AUD/USD remains on the road to recovery while flashing 0.6715 quote amid early Thursday.

 

USD/CNH technical analysis: Looks heavy due to Wednesday’s Gravestone Doji

USD/CNH is looking south, having created a gravestone Doji on Wednesday. The Gravestone Doji has appeared following a rally from 7.0309 to 7.16 and in

 

USD/IDR technical analysis: 61.8% Fibo, 50-bar SMA challenge bearish MACD

Irrespective of the bearish MACD-backed retracement, USD/IDR remains above near-term key supports while trading near 14,200 amid Asian session on Thursday.

 

USD/JPY on a knife’s edge as risks mount

USD/JPY is trading on the 107 handle, with bulls barely holding on by the skin of their teeth as the US Dollar falls out of favour with investors, wei

 

US Dollar, Stock Markets Brace for Key US Data, EU-US Trade War

The US Dollar and local equity markets will be anxiously watching for the release of critical US data after ISM manufacturing reports printed a decade-low reading amid a cross-Atlantic trade dispute.

 

GBP/USD technical analysis: Under pressure below 100-hour EMA, 9-day-old falling trendline

Not only failures to cross multi-day old descending trend-line and 100-hour EMA but lower high formation and bearish MACD also lures GBP/USD sellers.

 

USD/CHF technical analysis: Bulls await upside break of 61.8% Fibo.

Despite successfully trading above key support confluence, the USD/CHF pair fails to provide a daily closing above 61.8% Fibonacci retracement level.

 

US Dollar Index comes under pressure near 99.00, looks to data

The Greenback, when gauged by the US Dollar Index (DXY), has come under renewed downside pressure and is now looking to test the key support at 99.00

 

GBP/USD Price Outlook: Unfazed by PMI Warning Signal

GBP/USD Price Outlook: Unfazed by PMI Warning Signal

 

USD/CAD climbs to near 1-month tops, closer to mid-1.3300s

The Canadian Dollar lost some additional ground against its American counterpart and pushed the USD/CAD pair to one-month tops, around the 1.3335-40 r

 




USD/CHF fades a knee-jerk bullish spike, quickly retreats back below parity mark

The USD/CHF pair faded a knee-jerk bullish spike to over 2-1/2 month tops and quickly retreated around 40 pips during the early European session on Th

 

EUR/USD Technical Analysis: Targets the 21-day SMA at 1.1000 in the near term

EUR/USD Overview Today last price 1.096 Today Daily Change 33 Today Daily Change % 0.00 Today daily open 1.096 Trends Daily SMA20 1.1004 Daily SMA50

 

US Dollar Index Technical Analysis: Testing support at the 200-hour SMA below 99.00

Dollar Index Spot Overview Today last price 99.02 Today Daily Change 24 Today Daily Change % -0.01 Today daily open 99.03 Trends Daily SMA20 98.64 Da

 

Eurozone Retail Sales rise 2.1% in Aug, beat estimates – EUR/USD unfazed

Eurozone Retail Sales rebounded in August, according to the latest data published by the EU’s statistics agency, Eurostat, on Thursday. Retail Sales i

 

Have a nice trading!




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