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USD Daily Review October 30, 2018

USD Daily Review for October 30, 2018

NZD/USD Price Outlook: Kiwi Carries Breakout Potential

The October range remains intact ahead of the close with the broader short-bias at risk. Here are the targets & invalidation levels that matter on


Bearish EUR/USD Sequence Unravels Ahead of 2018-Low

EUR/USD appears to have marked a failed run at the 2018-low as the exchange rate struggles to retain the series of lower highs & lows


GBP/USD: Cable Hangs at September Support; Can it Hold the Lows?

The British Pound remains mired in a sell-off against the US Dollar, finding a bit of support at the September swing-lows. Can this hold the


Dovish Bank of Japan (BoJ) Forward-Guidance to Keep USD/JPY Bid

USD/JPY may stage a larger advance going into the Bank of Japan (BoJ) interest rate decision as it snaps the recent series of lower highs


US Dollar Breakout Holds Higher-Low Support Ahead of Busy Calendar

The US Dollar is continuing to find support after last week’s bullish breakout. A big week of drivers is ahead, as a loaded economic calendar


EUR Choppy as Merkel Begins Exit, Short Term Drivers Support USD – US Market Open

EUR Choppy as Merkel Begins Exit, Short Term Drivers Support USD – US Market Open


AUD/USD: key data this week from China and Australian CPI, 0.70 handle under pressure

Central bank divergence has been key engine on the dollar’s sustainability with such sentiment underpinned following the latest FOMC minutes. Similarl


NZD/USD doesn’t react to trade-war healines, looks to close flat near 0.6530

Despite the latest headlines surrounding the trade conflict between the United States and China, the NZD/USD pair continues to trade sideways in its d


EUR/USD to remain in a range around 1.15 on a 3M horizon – Danske Bank

According to analysts from Danske Bank, a EUR/USD appreciation on the medium to long-term is on the agenda, driven by an European Central Bank initiat


USD/BRL: Further recovery of the real for now until optimism fades – ABN AMRO

The Financial Markets Research Team at ABN AMRO, see the USD/BRL pair trading year-end around 3.7, following the presidential elections in Brazil. Ke


USD/JPY struggles to push higher, steadies around 112.50 as US stocks pare gains

The risk-positive environment amid the sharp drop witnessed in Italian government bond yields on Monday weighed on the demand for safe-havens such as


GBP/USD: Make or break time at 1.28 the figure; if bullish Brexit, Sterling is cheap

The pound has been offered since breaching 1.2850 in late London and at the start of the North America trade as the dollar and risk appetite firms up.


Weekly Strategy Webinar- Trade Levels for EUR/USD, GBP/USD, Gold, Crude Prices & More…


EUR/USD and GBP/USD Forecast October 30, 2018

The Euro has gone back and forth during the trading session on Monday, as traders came back from the weekend. We are most certainly at extraordinarily low le…


NZD/USD: holding above 50% Fibo on fragile grounds

NZD/USD has held up despite heightened trade war risks and US stocks closing in the red yet again as risk turns over in mid-US session. NZD/USD traded


Gold Prices Locked in Place as US Dollar, Treasury Yields Diverge

Gold prices are struggling for lasting direction as the US Dollar and Treasury bond yields diverge. Will a recovery in risk appetite break the standstill?


Japanese Yen Still Mired Against US Dollar On Daily Chart

The Japanese Yen has risen away from its 2018 lows against the Dollar but it has made little progress beyond that. It does not seem


EURUSD Elliott Wave Forecast Points Towards Temporary Correction

The Elliott wave forecast for EURUSD suggests that the current bear trend from September is temporary and a bullish wave may begin soon.


NZD/USD Technical Analysis: NZ Dollar Trying to Resume Down Trend

The New Zealand Dollar is attempting to resume the downward trend against its US counterpart after being rejected at six-month chart resistance.


USD: Risk aversion sentiment has intensified – Westpac

Richard Franulovich, Research Analyst at Westpac, suggests that the focal point for currency markets seems to have migrated several times as risk aver


GBP/USD: Hammond speech does little to bolster bulls, markets remain focused on Brexit

The GBP/USD is still trading into the 1.2800 major technical level after Monday’s action saw the Cable whipsaw into 1.2850 before stumbling down to 1.


EUR/USD: 5-day EMA is a key resistance, focus on Eurozone GDP & German CPI

The 5-day EMA of 1.1397 is the level to beat for the EUR bulls. This is because the key EMA acted as a stiff resistance in the last three days. The b


USD/JPY: upside is being capped by 21-day SMA

Currently, the USD/JPY pair is trading at 112.62, representing a 0.23 percent gain on the day. The gains are likely associated with the uptick in the


China Press: Yuan unlikely to weaken to beyond 7.0000 vs. USD

Reuters carried the latest headlines reported in the Chinese media, citing that the Chinese Yuan is unlikely to weaken to beyond 7.0000 against the US


NZD/USD mildly bid amid risk-off in Asian equities

The NZD/USD is reporting marginal gains in Asia, despite the risk-off tone in the Asian equities, but is still trapped in a no man’s land of 0.6565-0.


EUR/USD Technical Analysis: Declining resistance keeping the Fiber under bearish wraps

EUR/USD, M5 The past week has seen the Fiber move haltingly lower, but so far last Friday’s low at 1.1335 is holding as the current support for t


Traders: Major Chinese banks seen swapping Yuan for dollars in forwards

Reuters quotes three traders, as saying that the Chinese state-owned banks swapped Yuan for dollars in forwards on Tuesday, in an attempt to stem the


Technical Outlook for USD Index, EUR/USD, AUD/NZD, Gold Price & More

The DXY is trading around resistance while the Euro fails to attract buyers, AUD/NZD turned down from neckline resistance, while gold is also trading down


EURUSD Threatens to Test Crucial Support as Growth Tilts to Downside

EURUSD Threatens to Test Crucial Support as Growth Tilts to Downside


EUR/USD prints fresh lows in the 1.1350 region ahead of German data

Sellers remain in control around EUR/USD so far on Tuesday, which is now testing fresh weekly lows in the 1.1350/45 band. EUR/USD now looks to German


US Dollar Index challenging tops around 96.80

The US Dollar Index (DXY), which tracks the buck vs. a basket of its main competitors, is extending the upbeat mood on Tuesday to the 96.80/85 region.


Technical Outlook for USD Index, EUR/USD, AUD/NZD, Gold Price & More

The DXY is trading around resistance but the Euro is failing to attract buyers yet, AUD/NZD turned down from neckline resistance, while gold is also trading …


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