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USD Daily Review October 7, 2019

USD Daily Review for October 7, 2019

US Dollar Price Volatility Report: Trade Wars, Powell & Inflation Eyed

The US Dollar faces another week of high-impact event risk surrounding trade war developments, commentary from Fed Chair Powell and economic data releases. Here’s where USD pairs might head next.


Japanese Yen Price Outlook: Weekly Reversal Threatens More USD Losses

USD/JPY marked an outside-weekly reversal off confluence resistance this week- bulls on notice. Here are the levels that matter on the USD/JPY weekly chart.


US Dollar Bounces as NFP Misses Target: Powell on Deck

It was another bad US data print but USD strength has shown thus far, perhaps owed to the extremely low expectations that have begun to build.


US Dollar Rises on Mixed NFP, Fed Rate Cuts Still Expected

US Dollar Boosted on Mixed NFP, Fed Rate Cuts Still Expected


GBP/USD technical analysis: Cable swinging back and forth, ends the week virtually unchanged


US Dollar Index technical analysis: DXY ends the week under pressure below the 99.00 handle


EUR/USD technical analysis: Euro ends the week below the 1.1000 handle


AUD/USD has diverged from commodity prices – CIBC

Analysts at CIBC, point out that there is a new driver in AUD/USD, but the same direction. According to them, the pair has diverged from commodity pri


GBP/USD ends week slightly higher, in the middle of the range

The GBP/USD pair ended the week modestly higher and far from the lows. It was about to finish the week hovering around 1.2320/30, flat on Friday after


EUR/USD remains on track to wrap up the week with small gains below 1.10

After closing the previous three trading days in the positive territory, the EUR/USD fluctuated in a relatively narrow band on Friday despite the high


US Dollar Index technical analysis: DXY trading below 99.00 after the US NFP


USD/JPY retreats below 107.00 despite Wall Street rally, consolidates weekly losses

The USD/JPY pair jumped to 107.12 after the release of the US employment report but it failed to hold on top of 107.00 and dropped to 106.80. As of wr


GBP/USD technical analysis: Cable off daily lows, trading just above the 1.2300 handle


EUR/USD technical analysis: Euro trading mixed after the US NFP, sub-1.0985 level


USD/JPY and AUD/USD Forecast October 7, 2019

For additional up-to-date Forex Trading information: News (, Technical Analysis (…


EUR/USD and GBP/USD Forecast October 7, 2019

For additional up-to-date Forex Trading information: News (, Technical Analysis (…


AUD/USD: Traders sit tight in anticipation of trade talks

We are closed in Sydney and China today, and meanwhile, AUD/USD is a touch soft in the open on Monday as we await trade talks to recommence this week.


US Dollar May Gain on Singapore Dollar, Rupee if Trade Talks Falter

The US Dollar may rise if US-China trade talks falter, ignite risk aversion. Ahead, the Singapore Dollar may fall on the MAS. The Indian Rupee could weaken on industrial production.


US Dollar May Rise vs Nordic FX Ahead of FOMC Minutes, Trade Wars

The US Dollar may rise vs the sentiment-linked NOK and SEK as the Fed prepares to release the FOMC meeting minutes against the backdrop of volatile trade war developments.


AUD/USD Rate Rebound Rattled by Fears of Prolonged US-China Trade War

Signs of a prolonged US-China trade war may continue to rattle the recent rebound in AUD/USD as it puts pressure on the RBA to further embark on its rate easing cycle.


New Zealand Dollar Downtrend May End as NZD/USD Clears Resistance

The New Zealand Dollar could rise as sentiment improves in Asia trade after the latest US NFPs report sent the S&P 500 higher. NZD/USD may close above key descending resistance.


GBP/USD in search of a firm direction; stuck in a familiar trading range

The GBP/USD pair extended its sideways consolidative price action through the Asian session on Monday and remained well within a broader trading range


When are the German Factory Orders and how could they affect EUR/USD?

The German data scheduled for release at 06:00 GMT is expected to show the pace of decline in the Factory Orders moderated somewhat in August. Factory


USD/TRY risk reversals hit lowest since Jan. 31

Risk reversals on USD/TRY (TRY1MRR), a gauge of calls to puts on Turkey’s currency, fell to the lowest level since Jan. 31 on Friday, indicating the i


GBP/USD technical analysis: Remains confined in range near 1.2330-40 confluence region

Barring a knee-jerk reaction last Thursday, the GBP/USD pair has been oscillating well within a broader trading range held over the past one week or s


USD/JPY off lows, still depressed below 107.00 handle

The USD/JPY pair remained on the defensive at the start of a new trading week, albeit has managed to hold its neck comfortably above near one-month lo


AUD/USD technical analysis: Surrenders early gains, conflicting signals on hourly chart

AUD/USD is currently trading at 0.6754, representing marginal losses on the day, having hit a high of 0.6765 in the early Asian trading hours. The pai


NZD/USD: Bulls attacking the 21-DMA

NZD/USD is currently trading between a 21 pip range, currently at 0.6319 between a high of 0.6321 and 0.6300 having taken on the 21-DMA. The bird has


NZD/USD to drop to 0.59 by the end of March 2020 – ANZ

Analysts at Australia New Zealand (ANZ) bank expect the New Zealand Dollar to drop to 0.59 by the end of March 2020 on lower interest rates and uncert


USD/JPY: A very busy week ahead to bring pair to life

USD/JPY is a touch lower in the open this week despite a risk-on session into the close. USD/JPY is currently trading at 106.79 and is lower by -0.10%


USD/CAD reverses an early dip to 1.3300 mark, back near 1-month tops

The USD/CAD pair reversed an early dip to the 1.3300 neighbourhood and is currently placed at session tops, well within the striking distance of one-m


US Dollar Index directionless, parked near 98.80

The Greenback, in terms of the US Dollar Index (DXY), is trading within a tight range in the 98.80 region at the beginning of the week. US Dollar Inde


EURUSD Price Outlook Remains Weak After Fresh Bearish Data

The latest economic data from Germany and the Eurozone continues to point to ongoing economic weakness in the zone, leaving the single currency further biased to the downside.


USD/TRY advances to 5.76 on geopolitical jitters

The Lira is sharply lower vs. its American peer at the beginning of the week, lifting USD/TRY to fresh multi-week highs in levels just shy of 5.7600.


USD/JPY struggles to find enough momentum to break above 107

The USD/JPY pair lost nearly 100 pips last week and started the new week in a quiet manner. As of writing, the pair was trading at 106.85, losing 0.1%


GBP/USD remains depressed near 1.2300 handle

The GBP/USD pair dropped to a fresh session low in the last hour, albeit showed some resilience below the 1.2300 round-figure mark. Following a modest


CFTC Positioning Report: USD net longs remained on the rise

These are the main highlights of the CFTC Positioning Report for the week ended on October 1st: USD net longs extended the uptrend and are now in leve


USD/CHF slides farther below mid-0.9900s, fresh session low

The USD/CHF pair failed to capitalize on the attempted intraday bounce and is currently placed at the lower end of its daily trading range, just below


EUR/USD Technical Analysis: Scope for some consolidation ahead of further losses

EUR/USD Overview Today last price 1.0967 Today Daily Change 29 Today Daily Change % -0.10 Today daily open 1.0978 Trends Daily SMA20 1.0999 Daily SMA


US Dollar Index Technical Analysis: The bullish view remains intact above the 55-day SMA at 98.29

Dollar Index Spot Overview Today last price 98.95 Today Daily Change 22 Today Daily Change % 0.12 Today daily open 98.83 Trends Daily SMA20 98.69 Dai


Have a nice trading!

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