Day: October 29, 2019

October 29
2019

US Dollar Mixed Ahead of October Federal Reserve Meeting

The US dollar is trading mixed against multiple currencies on Tuesday ahead of the Federal Reserve kicking off its two-day October policy meeting where it is widely expected the central bank will cut interest rates for the third time in 2019. While the buck did find refuge in positive housing data, investors’ attention will be on quarterly gross domestic product (GDP) numbers, manufacturing data, and the October jobs […]

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October 29
2019

EUR/USD Recovers After Falling Intraday

EUR/USD fell intraday but has recovered by now, trading near the opening level. The sense of optimism on markets about the US-China trade negotiations was helpful to the US dollar. But the positive influence was negated by the outlook for an interest rate cut from the Federal Open Market Committee at this week’s meeting. As for today’s macro releases in the United States, they were disappointing, with the consumer confidence demonstrating a surprise decline. S&P/Case-Shiller home […]

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October 29
2019

USD/JPY Might Make the Next Move Towards 110.27

The US dollar versus the Japanese yen currency pair seems to be governed by the bulls. The question is now: are the bulls tired or they are just preparing an all-in towards 110.27? Long-term perspective After confirming the support of 105.52 — via the false piercing that printed the low of 104.44 — the price began an ascending movement that, eventually, ended the bearish trend that started at 112.20. The price paused at the double resistance made possible […]

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