News Reviews USD 

USD Daily Review August 23, 2017

USD Daily Review for August 23, 2017 EUR/USD: ‘Buy The Rumor, Sell The Fact’ Into Jackson Hole – ING ING FX Strategy Research notes that given the Jackson Hole line-up, with President Draghi not due to speak until late Friday after European trading hours, it seems that some market participants may be slightly wary of being caught short euros in case the ECB chief does spring a surprise policy announcement.”We now see greater risks of a &lsquo   USD Setups with a Longer-Term Focus Ahead of Jackson Hole Markets have…

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News Reviews USD 

USD Daily Review August 22, 2017

USD Daily Review for August 22, 2017 USD: A Challenging September Before Better Prospects In Q4 – BNPP BNP Pariabs FX Strategy Research notes that the USD will face a challenging US legislative calendar in September.”An increase in the Federal debt ceiling must be passed by early October in order to avoid a technical default on US debt……Focus on fiscal policy in September is likely to mean less attention will be paid to the monetary policy   AUD/USD Elliott Wave Analysis: Symptoms of a Top An Elliott Wave model we…

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USD Daily Review August 21, 2017

USD Daily Review for August 21, 2017 USD/CAD to Eye 2017-Low on Dovish Fed as Focus Shifts to Jackson Hole Headlines coming out of the Fed Economic Symposium may push USD/CAD back towards the August-low amid narrow bets for another 2017 rate-hike.   Becalmed Australian Dollar May Need Left-Field Impetus The Australian Dollar may struggle for direction this week as neither the domestic nor the international economic news schedules have very much to offer investors.   US Politics and Fed Symposium Converge on EUR/USD The Euro may ultimately prove the…

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News Reviews USD 

USD Daily Review August 18, 2017

USD Daily Review for August 18, 2017 Tech Targets: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD – UOB EUR/USD: Neutral (since 07 Aug 17, 1.1785): Bearish if NY closing below 1.1680.While EUR touched a low of 1.1680 yesterday, it rebounded strongly and quickly to end the day well above this level. As highlighted, only a NY closing below 1.0680 would indicate that EUR has moved into a bearish phase. This scenario is not ruled out just yet even though   Webinar: Central Bank Weekly: Will the FOMC Help the US Dollar Turn…

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News Reviews USD 

USD Daily Review August 17, 2017

USD Daily Review for August 17, 2017 USD: FOMC Minutes: Balance Sheet Runoff Likely To Formally Announced Next Month – CIBC CIBC Research comments on today’s FOMC minutes from the July meeting.Despite the recent run of soft inflation readings, FOMC members appear comfortable moving forward with further tightening. The minutes of the July meeting indicate that many participants still view the recent weakness in consumer prices as transitory, and that most expect infl   EUR/USD: Support From Unhedged Equity Flows May Be Fading In 1-3 Month – Danske Danske Bank…

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USD Daily Review August 16, 2017

USD Daily Review for August 16, 2017 NZD/USD: Decline To Extend Further Before A Base; USD/CAD: Corrective Rally Underway – BofAML Bank of America Merrill Lynch FX Technical Strategy Research notes that while the weekly chart of NZD/USD shows spot is in an uptrend and retracing the 2014-2015 decline, its short-term charts point to further decline.”Now it is starting to decline due to its whipsaw around the 200wk and Fibonacci resistance and overbought conditions…We thin   Trading Around the U.S. Dollar: Price Action Setups The U.S. Dollar was in a…

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News Reviews USD 

USD Daily Review August 15, 2017

USD Daily Review for August 15, 2017 USD/CAD: Buy Dips Near 1.2650 Or On A Break Of 1.2740 Targeting 1.29 – TD TD FX Strategy Research notes that USD/CAD failed to make a convincing break of the key 1.274, briefly marking some time below 1.27.”This week the focus shifts back to local data, with July CPI likely to get close attention. TD expects a dovish print against market expectations, which is liable to benefit USDCAD.This could intensify the recent   Cautious ECB Minutes to Derail EUR/USD Continuation Pattern Cautious remarks…

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USD Daily Review August 14, 2017

USD Daily Review for August 14, 2017 EURUSD Looking to Further Test Big-picture Resistance The euro last week started out on a weak note, but then recovered to bring top-side levels back into focus as the new week is   US Dollar Torn Between Geopolitical Fears, Fed Policy Bets The US Dollar is torn between the influence of Fed policy speculation and geopolitical risk as key economic news prints against a backdrop of fiery   USD/CAD Rebound to Unravel on Less-Hawkish FOMC Minutes USD/CAD may exhibit a more bearish behavior…

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