News Reviews USD 

USD Daily Review October 20, 2017

USD Daily Review for October 20, 2017 Flightless Bird NZD Sinks To Bottom While USD Stays Strong: SW Report Political surprises have become less surprising in the last few years, but New Zealand provided a new government that could change how NZD trades going   USD Price Action Setups Ahead of ECB (EUR/USD) The U.S. Dollar saw sellers come-back ahead of a key zone of resistance; but bearish continuation remains an unclear prospect just yet. In this webinar,   USD/CAD Battle Lines Drawn Ahead of Canada CPI Price has carved…

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USD Daily Review October 19, 2017

USD Daily Review for October 19, 2017 EUR/USD Opening Monthly Range in Focus Ahead of ECB Meeting EUR/USD may threaten the monthly opening range ahead of the next ECB meeting on October 26 as the central bank shows a greater willingness to   Long Positions Leave Mixed Trading Bias on Australian Dollar The combination of current sentiment and recent changes gives us a further mixed AUDUSD trading bias.   GBP/USD Technical Analysis: Clinging to Longer-Term Support Zone The British Pound went from a high-flying up-trend to a troubling sell-off, and…

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USD Daily Review October 18, 2017

USD Daily Review for October 18, 2017 Tech Targets: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD – UOB EUR/USD: Neutral (since 14 Sep 17, 1.1890): Recovery has room to extend higher to 1.1930. No change in view.The rapid and sharp pull-back in EUR last Friday came as a surprise. However, as highlighted in recent updates, as long as the key short-term support at 1.1760 support is intact, there is room for the current recovery to extend higher to 1.19   USD/CHF Testing Make-or-Break Resistance Price has rallied back to a familiar resistance…

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USD Daily Review October 17, 2017

USD Daily Review for October 17, 2017 Citi Trade Of The Week: Buy GBP/USD Currency investors should consider buying GBP/USD* this week, advises CitiFX Research in its weekly FX pick.Citi recommends buying GBP/USD around 1.3293, with a target of 1.3550, and a stop of 1.3150.”We anticipate an extension of recent weakness in USD…..GBP should represent an attractive target for USD….With expectations on US monetary a   AUD/USD Technical Forecast: Sideways to Higher Trading AUD/USD forecast using Elliott Wave hints at prices being supported and a possible move to 82 cents….

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USD Daily Review October 16, 2017

USD Daily Review for October 16, 2017 EUR: Outlook Brightening Up As Political Cloud Is Lifting; Staying Long EUR/USD – Credit Agricole Credit Agricole CIB FX Strategy Research expects the political jitters in the wake of the Catalan independence referendum to start abating in the coming days.”In particular we think that the Catalan leaders will not proclaim official independence on the basis of the referendum result alone and, instead, call snap elections for early 2018. This   USD: Soft Sept Retail Sales & CPI A Headwind For USD Today –…

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USD Daily Review October 13, 2017

USD Daily Review for October 13, 2017 GBP Volatility Leads The Day, USD Struggling At Top: SW Report After the FOMC minutes release showed persistent concern among Fed members about low inflation, the USD has failed to hold gains achieved earlier in the   Price Action Setups Around the U.S. Dollar Ahead of CPI Tomorrow brings a pivotal CPI print out of the United States as US markets continue to grapple with the prospect of near-term rate hikes out   USD In Focus Ahead of CPI as Euro Bulls, Cable…

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USD Daily Review October 12, 2017

USD Daily Review for October 12, 2017 USD: FOMC Minutes Didn’t Add Much To Dec Hike Call – CIBC CIBC Research comments on today’s FOMC minutes from the September meeting:”The Fed minutes couldn’t really add that much to the rate outlook, since we already have a “dot” forecast that shows that all but four FOMC members expect to hike before year end.At that time, the Fed hadn’t seen much signs of a pick-up in wages, b   EUR/USD Topside Targets Back on Radar Amid Failure to Test August-Low EUR/USD bounces…

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USD Daily Review October 11, 2017

USD Daily Review for October 11, 2017 Tech Targets: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD – UOB EUR/USD:Neutral (since 14 Sep 17, 1.1890): Risk of a sustained down-move has eased.While a clear break below 1.1660 is not ruled out, the recent downward pressure that resulted in low of 1.1667 last Friday is beginning to show signs of waning. From here, a move above 1.1780 would suggest that 1.1667 is short-term low and that EUR has moved into a c   GBP/USD Technical Analysis: The Sliding Scales of Support The British Pound…

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