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USD Daily Review October 31, 2018

USD Daily Review for October 31, 2018

US Dollar Drives to Fresh 2018 High: USD Price Action Setups

The US Dollar has finally crossed the 97.00 level, following a failed run in August as the currency trades at fresh one-year-highs. But now that


USD/JPY: Bullish Bias As Net-Short Exposure Outnumbers Net-Long

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USDJPY-bullish contrarian trading


GBP/USD: Weekly Long Positions Soar 24% to a 6-Month High

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBPUSD-bearish contrarian trading


Gold Price Outlook: XAU/USD Bulls Face First Test of Uptrend Support

A reversal off key resistance last week has gold prices testing initial up-trend support. These are the targets & invalidation levels that matter on the


GBP/USD Rate Eyes 2018-Low Ahead of Bank of England (BoE) Meeting

Recent price action in GBP/USD keeps the downside targets on the radar ahead of the Bank of England (BoE) meeting as the bearish momentum appears


USD and EURGBP Rises on Month-End Demand, Italy Stagnates – US Market Open

USD and EURGBP Rises on Month-End Demand, Italy Stagnates – US Market Open


EUR/USD, GBP/USD Pull Up Shy of 2018 Lows as USD Strength Continues

Dollar strength has continued into a fresh week, and the Greenback is slowing down just shy of the 2018 high. A busy calendar remains for


US Dollar on the Cusp of Fresh Yearly Highs

Weakness in the British Pound and the Euro is helping propel the DXY Index to near its highest level of 2018.


USD/CAD: slipping to key support on bullish rhetoric from BoC

The price has crumbled from the day’s highs of 1.3147 to a fresh low testing 1.31 the figure on an upbeat assessment of the economy’s outlook from bot


NZD/USD: Further downside pressure seen ahead – Rabobank

According to Jane Foley, Senior FX Strategist at Raobank, the NZD/USD pair will continue to face bearish pressure over the coming months. They forecas


USD/MXN hits fresh monthly highs above 20.00 as Mexican peso remains under pressure

The Mexican peso failed to hold to modest gains and dropped during the American session, reaching a fresh 4-month low against the US dollar. It remain


USD/CHF approaches 2018 peak above parity as DXY advances to 4-month highs

After taking a break above the parity mark in the early NA session, the USD/CHF resumed its rally and touched its highest level since July 13 at 1.005


EUR/USD loses its recovery momentum, retreats to 1.1350 area

Following a slump to a daily low at 1.1345 during the European trading hours, the EUR/USD pair staged a rebound in the early NA session but lost its m


GBP/USD bear’s grip tightening, August lows 100% retracement here we come

GBP/USD has been on a one-way street since 11th Oct highs at 1.3258 and Brexit is a major problem for the bulls, especially given the implications tha


NZD/USD steadies above mid-0.65s ahead of ANZ’s sentiment data

After closing the previous day flat, the NZD/USD pair took advantage of the improved market sentiment on Tuesday and rose to its highest level since O


EUR/USD: Short-term technicals are neutral/bearish – Scotiabank

Analysts at Scotiabank noted that EUR/USD short-term technicals are neutral/bearish. Key Quotes: “EUR/USD retains a soft tone on the daily charts bu


USD/CAD sideways, consolidating above 1.3100

The Canadian dollar is trading flat against the greenback on Tuesday amid limited price action across financial markets. The USD/CAD pair rose from th


AUD/USD surges to fresh weekly highs above 0.71 ahead of inflation data

The AUD/USD took advantage of the housing data in the early Asian session and started the day on a strong note. Although it looked like the pair was s


US Dollar Drives to Fresh 2018 High: USD Price Action Setups

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EUR/USD and GBP/USD Forecast October 31, 2018

The Euro has fallen rather significantly during the trading session on Tuesday, breaking down towards the hammer from just a few days ago. At this point, it …


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

Australian CPI overview Very early on Wednesday at 00:30 GMT will see 2018’s 3rd quarter inflation data dump for the Australian economy, and the head


USD/SGD Rise at Risk, Last Line of Defense Holds USD/PHP Uptrend

After closing at its highest since July 2017, USD/SGD is overshadowed by a bearish warning sign. Meanwhile, a last line of defense is keeping the


Can Dollar Forge Recovery Despite Trade Wars, Dollar Eyes Key Resistance

Risk trends steadied Tuesday with the Dow and S&P 500 putting in for a notable bounce amid a daunting tumble


US Dollar May Extend Rise. AUD Awaits CPI, China PMI. Yen Eyes BoJ

The US Dollar may extend upside progress after 16-month high. Australian Dollar looks to CPI data and Chinese Manufacturing PMI. The Japanese Yen may look


GBP/USD: Brexit still leading GBP bulls by the nosering, down to 1.2700

The GBP/USD is trading into the 1.2700 level as the British Pound continues to lose ground across the board, with disappointing economic data for the


USD/JPY: No response to the status quo BOJ

The USD/JPY is seeing little action after the status quo BOJ decision. The Japanese central bank voted 8 to 1 to leave unchanged its pledge to increa


USD/JPY Technical Analysis: May revisit former resistance-turned-support of 112.89

Currently, the USD/JPY is trading at 113.14, having clocked a three-week high of 113.33 earlier today. Both RSI and Stochastic are reporting overboug


NZD/USD Technical Analysis: Capped by the week’s highs and a firm 50-day MA

NZD/USD, M15 Moving further up the timeframes, H4 candles show that the Kiwi is currently firming up a sideways wedge pattern, and longer-term tr


When are the Eurozone flash CPIs and how could they affect EUR/USD?

Eurozone flash CPIs estimate overview Eurostat will publish the Eurozone’s inflation first estimate for October at 10.00 GMT today. Consumer prices a


GBP/USD Technical Analysis: Skidding across the floor at 1.2700

GBP/USD, M15 Looking further out, the Cable remains underneath a rock-solid declining trendline with the 50- and 200-hour moving averages pinned


EUR/USD Technical Analysis: Near-term support from 1.1330 holding for now

EUR/USD, M15 Moving further up the timeframes, the Fiber has seen a notable slowdown in downward momentum, rupturing a descending near-term trend


US Dollar Index challenges 2018 highs above 97.00, ADP eyed

The US Dollar Index (DXY), which tracks the buck vs. a basket of its main rivals, keeps the upside momentum well and sound beyond 97.00 the figure, or


When is the Canadian GDP report and how could it affect USD/CAD?

Canadian Monthly GDP Overview Wednesday’s economic docket highlights the release of monthly Canadian GDP growth figures for August, scheduled to be p


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