US DOLLAR PRICE ACTION: GBP/USD, AUD/USD & USD/JPY IN FOCUSThe US Greenback wobbled all through Monday’s buying and selling s
US DOLLAR PRICE ACTION: GBP/USD, AUD/USD & USD/JPY IN FOCUS
The US Greenback wobbled all through Monday’s buying and selling session with USD value motion largely sidelined in mild of the upcoming FOMC price resolution due later this week. Seeking to Tuesday, nonetheless, the buck may get a jolt from US client confidence knowledge set to cross the wires at 14:00 GMT.
Although the buyer confidence report for October isn’t prone to deter the Fed from offering its third consecutive 25-basis level rate of interest lower anticipated this Wednesday, a print materially above or beneath consensus estimates may have a large impression on the buck – significantly USD/JPY.
The US Greenback may additionally swing in response to high-impact event risk out of Australia and the UK with Aussie CPI knowledge and ongoing Brexit drama slated for Tuesday, which brings AUD/USD and GBP/USD into focus.
US DOLLAR INDEX PRICE CHART: DAILY TIME FRAME (MARCH 14, 2019 TO OCTOBER 28, 2019)
Chart created by @RichDvorakFX with TradingView
As talked about beforehand, USD value motion is on tempo to complete the day roughly flat on steadiness. Correspondingly, DXY US Greenback Index chart outlook stays unchanged within the absence of a brand new technical growth. The US Greenback has gravitated greater towards its 100-day simple moving average because the buck makes an attempt to reverse a few of its current…