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DailyFX - Daily Briefings

Daily Briefings
  1. USDOLLAR Breaks October Downtrend, GBP’s GDP Rally Fizzles
    GBPUSD's rally after the Q3 UK GDP report was short-lived today.
  2. Pound to Fall on Ebbing BOE Rate Hike Bets if 3Q UK GDP Underperforms
    The British Pound is likely to decline if a soft set of third-quarter UK GDP figures erodes Bank of England interest rate hike expectations.
  3. GBP/USD at Risk for Fresh Monthly Lows on Slowing U.K. GDP
    A marked slowdown in the U.K.’s 3Q Gross Domestic Product (GDP) may spur fresh monthly lows in GBP/USD as it drags on interest rate expectations.
  4. British Pound Could Close Out Week with a Bang on UK GDP
    With much of the FX market checking out through the final 24 hours of trade this week in deference to the heavy docket next week, there is one major that is still on the line for a possible fundamental shake up.
  5. WTI Bounces From 80.00 Floor, Gold Remains Vulnerable Ahead Of US Data
    WTI rebounded in recent trade as bears booked profits amid reports of Saudi supply cuts, meanwhile gold remains exposed to positive US data over the session ahead.
  6. GBPJPY Long Scalps at Risk Ahead of UK GDP- 174 in View
    A weekly opening range break on GBPJPY has triggered long-scalps ahead of tomorrow’s key event risk. Here are the updated targets & invalidation levels.
  7. EUR/USD Pivots at Last Week’s Low - Surprise PMIs End EZ Data Drought
    Has Euro-Zone economic weakness bottomed out in the near-term? If so, the Euro may find a lift.
  8. Yen May See Greater Impact from Eurozone PMIs Than the Euro
    Eurozone PMI figures may mean more for the Japanese Yen than the Euro if soft outcomes feed global slowdown fears and trigger market-wide risk aversion.
  9. Dollar Advances Across the Board as Sentiment Breaks, CPI Steady
    A fever of risk appetite in the equities market broke this past session and September inflation statistics for the US printed a steady – if below target – pace. How did the Dollar respond?
  10. Crude Plummets To Critical Barrier, Gold Slumps On US CPI Surprise
    WTI is pressing against a key technical floor following a dramatic plunge on the back of bearish inventories figures, meanwhile gold awaits guidance from US data.
  11. USDOLLAR at Key Resistance - Reaction to Provoke EUR/USD, AUD/USD
    The USDOLLAR Index continues to edge higher from its mid-October lows, but hasn't yet cleared a necessary level to reengage USD longs elsewhere.
  12. EUR/USD Risks Larger Rebound on Slowing U.S. Inflation (CPI)
    Another downtick in the U.S. Consumer Price Index (CPI) may generate a larger rebound in EUR/USD as it dampens bets of seeing the Fed normalize policy sooner rather than later.
  13. Pound at Risk on Status-Quo BOE Minutes, US Dollar May Rise on CPI
    The British Pound may fall if minutes from October’s BOE meeting show the hawks unable to expand their ranks. The US Dollar may rise if inflation data tops forecasts.
  14. Dollar Untroubled by Risk Swell, Rises As Peers Weaken
    Investor sentiment – in the form of volatility readings and equity indexes – improved markedly this past session while rate forecasts for the Fed posted comparatively little progress
  15. Crude Oil Recovers Ahead Of Inventories, Gold Awaits Cues From US CPI
    The precious metals may be afforded some breathing room with an expected slide in upcoming US inflation data unlikely to bolster hawkish FOMC bets.
  16. AUD/USD Risks Bearish Break on Slowing Australia CPI- 0.8600 on Tap?
    The AUD/USD may fail to retain the wedge/triangle formation from earlier this month should Australia’s 3Q Consumer Price Index (CPI) report drag on interest rate expectations.
  17. NZDCAD Outside Reversal Day Favors Short Scalps Sub-9050
    An outside reversal candle off key resistance today shifts our focus to the short-side of NZDCAD. Here are the updated targets & invalidation levels.
  18. USD Attempts to Fight the Correction - Levels in EUR/USD, USD/JPY
    The buck is facing new headwinds after last week's FOMC minutes, but there is technical evidence that the US Dollar is fighting the correction.
  19. Aussie Dollar Edges Higher on China GDP, Yen May Rise on US Data
    The Australian Dollar edged higher after China’s third-quarter GDP data registered modestly better than expected. The Yen may rise as US news-flow fuels risk aversion.
  20. Chinese Renminbi, Global Markets Await Chinese GDP
    Though the US Dollar has opened the trading week lower, the market’s motivations are more likely a rebalancing in the face of anticipation of volatility rather than a fundamental shift in view for the currency itself.

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