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USD Daily Review October 30, 2019

USD Daily Review for October 30, 2019

Canadian Dollar Outlook: USD/CAD Plummets into Support- Loonie Stall?

The Canadian Dollar offensive has stalled with a three-week breakdown taking price into initial support. Here are the levels that matter on the USD/CAD weekly charts.

 

US Dollar Drops on Consumer Confidence Miss Ahead of FOMC

USD price action came under pressure following a disappointing Consumer Confidence report for October which sent the US Dollar Index to session lows.

 

GBP/USD Muted, USD/JPY Rejects 200DMA, EUR/CAD Tests 7-Year Trendline – US Market Open

GBP/USD Muted, USD/JPY Rejects 200DMA, EUR/CAD Tests 7-Year Trendline – US Market Open

 

GBP/USD technical analysis: Cable rolling into the Asian session below the 1.2900 handle

Brexit optimism sent GBP/USD on a rollercoaster this Tuesday. However, the Currency pair is about to end the day virtually unchanged. Breaking: UK election wil

 

USD/JPY technical analysis: Greenback parked below the 109.00 handle and 200-DMA

USD/JPY is hovering near multi-month highs near the 109.00 handle The level to beat for bulls is the 109.11 resistance.

 

AUD/USD sticks to modest daily gains above 0.6860 ahead of CPI data

The AUD/USD pair fell to 0.6840 area during the European trading hours but gained bullish momentum in the second half of the day supported by the broa

 

USD/CAD jumps toward 1.3100 ahead of BoC and FOMC

The Canadian Dollar weakened across the board during the American session on the day before the central bank meetings. The USD/CAD pair rose from 1.30

 

EUR/USD month end flows and critical events ahead send traders to the sidelines

EUR/USD had been on the verge of a test to the 200-hour moving average located around 1.1120 but has run into offers ahead of the target. EUR/USD is c

 

US Dollar Index technical analysis: DXY off daily lows, trading near 97.70 level

The US Dollar Index (DXY) is trading down on Tuesday after failing to breach the 97.90 resistance. Support is seen at the 97.60 and 97.45 price levels. The mai

 

GBP/USD rises further toward 1.2900 after US data

The GBP/USD pair rose further and spiked to 1.2897, reaching the highest level since Thursday and then pulled back modestly. As of writing trades at 1

 

EUR/USD technical analysis: Euro clings to daily highs above the 1.1100 handle

This Tuesday, the Fiber is picking up some steam challenging the 1.1109 resistance. Support is seen at the 1.1092 and 1.1075 price levels.

 




Gold rebounds from weekly lows on USD weakness, trades around $1,490

The XAU/USD pair came under strong selling pressure during the European trading hours and fell to a fresh weekly low of $1,483.70. With the Greenback

 

BOJ: Buy the dips in USD/JPY – Rabobank

Analysts at Rabobank highlight that a steady policy from the BoJ this week could lead to a modest move lower in the value of USD/JPY…

 

Pre-FOMC Price Action Setups Across the US Dollar

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USD/JPY and AUD/USD Forecast October 30, 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 30, 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…

 

FOMC Rate Decision: US Dollar Vulnerable Around Fed Meetings

Fed meetings tend to cause above-average volatility in the US Dollar. Here’s how EUR/USD, GBP/USD, USD/JPY, USD/CAD, AUD/USD and USD/CHF typically respond to FOMC rate decisions.

 

When is the Aussie CPI data and how could it affect AUD/USD?

Early Wednesday in Asia, the Australian Bureau of Statistics (ABS) will roll out third quarter (Q3) inflation numbers for Australia.

 

US Dollar Index technical analysis: DXY rolling into the Asian session below 97.70 level

The US Dollar Index (DXY) is trading above the 200-day simple moving average (DMA) after a sharp decline in October. This Tuesday, the buck found resistance a

 

AUD/USD stays on the front-foot ahead of Aussie CPI, Fed rate decision

Following its rise to be the winner of the day, the AUD/USD pair holds on to recovery gains while trading around 0.6865 during initial Wednesday.

 

BRL, USD Brace for BCB, FOMC Rate Decisions Amid Trade War Perils

The US Dollar may rise vs the Brazilian Real and emerging market FX if the post-FOMC rate decision press briefing spooks markets and puts a premium on liquidity over returns.

 

Australian Dollar Finds Support As 3Q CPI Data Match Expectations

The Australian Dollar had wilted into this important release, suggesting that some in the market were looking for more weakness. In the end inflation was as expected, still below target.

 

US Dollar May Rise if FOMC, US GDP Data Spooks Equity Markets

The US Dollar may rise at the expense of equity markets if US GDP data and gloomy FOMC commentary undermine confidence in global growth prospects.

 




US Dollar Price Volatility Report: Fed & Q3 GDP on Deck

The US Dollar will be in focus during Wednesday’s trading session which is far from lacking in scheduled event risk with the latest FOMC rate decision, Q3 US GDP report and more on deck.

 

Canadian Dollar May Fall on USD/CAD Reversal Cues, Trade War Fears

The Canadian Dollar may weaken on US economic slowdown spillover fears following soft housing and consumer confidence data. The Japanese Yen may gain on US-China trade war woes.

 

FOMC Rate Decision: US Dollar Vulnerable Around Fed Meetings

Fed meetings tend to cause above-average volatility in the US Dollar. Here’s how EUR/USD, GBP/USD, USD/JPY, USD/CAD, AUD/USD and USD/CHF typically respond to FOMC rate decisions.

 

USD/CHF technical analysis: Clings to 23.6% Fibo, eyes on Swiss ZEW data, Fed rate decision

Given the monthly falling resistance line and 21-day EMA confusing USD/CHF traders on a key day, the quote seesaws near 0.9940.

 

USD/CAD holds on to recovery gains ahead of the BOC/Fed plays

With the Oil weakness conquering overall risk-aversion to please the buyers, USD/CAD recovers to 1.3090 while heading into the European session on Wednesday.

 

USD/INR technical analysis: 100/200-bar SMA confluence restricts latest recovery

Despite bouncing off monthly lows during the previous day, USD/INR is still trading below key near-term SMA confluence while taking rounds to 71.00.

 

GBP/USD: Breakout remains elusive even as UK heads for December election

GBP/USD’s struggle for a flag breakout continues even though the UK parliament on Tuesday backed a general election on December 12. The House of Commo

 

EUR/USD: Correction has likely ended, focus on German CPI and Fed rate decision

EUR/USD’s correction from recent highs near 1.1180 has likely ended and that level could come into play again if the German inflation beats estimates

 

NZD/USD technical analysis: 0.6342/36 becomes a tough nut to crack for sellers

Despite witnessing a pullback during the last one week, NZD/USD refrains from breaking the key support confluence while taking rounds to 0.6355.

 

USD/TRY ticks higher as the US House of Representatives approved sanctions on Turkey

Turkish Lira is facing selling pressure and USD/TRY is gaining altitude at press time, as the US House of Representatives on Tuesday approved biting s

 

AUD/USD technical analysis: Aussie’s rise stalls at Tuesday’s high of 0.6871

The AUD/USD pair failed to take out Tuesday’s high of 0.6871 and is currently trading at 0.6864. The hourly chart is reporting a bearish divergence of

 

USD/IDR technical analysis: Looks sidelined inside the triangle below 200-bar SMA

USD/IDR keeps following an immediate trading range while taking rounds to 14,043 during early Wednesday.

 




USD/JPY bears in control in technically bearish short-term set-up

USD/JPY is attempting to base in the 108.80s although the bulls lack conviction in a technically bearish set-up as markets begin to discount the optim

 

EUR/USD technical analysis: Bullish hammer suggests scope for retest of recent highs

EUR/USD’s pullback has ended and the pair could soon challenge recent highs near 1.1180, according to technical charts. The common currency carved out

 

What Do Other Traders Buy Sell Bets Say About Price Trends: CAD, USD, JPY With Daniel Dubrovsky

In this webinar, DailyFX Analyst Daniel Dubrovsky discussed traders’ positioning as a key element of market analysis to determine the prevailing and future p…

 

USD/JPY side-lined below 109.00 ahead of FOMC decision

The USD/JPY pair is seen in a phase of consolidation in early Europe, having failed to regain the 109 handle on several occasions in the Asian trades

 

US Dollar Index steady around 97.70 ahead of FOMC

The Greenback, when gauged by the US Dollar Index (DXY), is trading within a tight range around 97.70 ahead of the key FOMC event later today. US Doll

 

Canadian Dollar Price Outlook: USD/CAD Volatility Soars on BoC and Fed Risk

Canadian Dollar Price Outlook: USD/CAD Volatility Soars on BoC and Fed Risk

 

Breaking: US GDP beats with 1.9%, USD ticks up

— more to come The US economy was expected to have slowed down in the third quarter of 2019 to 1.7% annualized. Investing and manufacturing were have

 

AUD/USD steadies near 0.6870 ahead of key macro events in US

The AUD/USD pair continued to push higher for the third straight day on Wednesday and touched its highest level in eight days at 0.6876. With the trad

 

EUR/USD Technical Analysis: A surpass of the 100-day SMA allows for a test of 1.1180

EUR/USD Overview Today last price 1.1116 Today Daily Change 17 Today Daily Change % 0.04 Today daily open 1.1112 Trends Daily SMA20 1.1055 Daily SMA5

 

US Dollar Index Technical Analysis: Correction lower could extend further and test the 200-day SMA near 97.40

Dollar Index Spot Overview Today last price 97.65 Today Daily Change 13 Today Daily Change % -0.03 Today daily open 97.68 Trends Daily SMA20 98.2 Dai

 

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