USDollar Forecast NY 2 Nov

USDollar weakness, Yen strength and decrease in the US 10Y T-Note Yield continued throughout the London session. Polls indicate a very close race between Clinton and Trump which is driving risk sentiment. USDollar is currently at support – the next level of support is quite a bit below. Nikkei is currently at support and 10Y is currently at resistance. No indication of reversal of trend at the time of writing this report. News releases for today – besides ADP Nonfarm Employment Change (Oct) and crude oil inventories we have the FOMC rate statement later today. We could see some bullishness in Dollar and Yen weakness ahead of this meeting.

Dxy H4

Dxy H1

US 10Y H4

Nikkei H4

Nikkei H4