News Reviews USD 

USD Daily Review October 5, 2017

USD Daily Review for October 5, 2017 Strong ISM Services Provide Further Support For USD Turn: SW Report The US Dollar is set for a hectic first week of quarter trading with Fed speculation, NFP, and a possible trend shift in economic data   EUR/USD Outlook Mired Ahead of NFP Amid Mixed ECB Rhetoric EUR/USD may continue to face range-bound conditions ahead of the NFP report amid the mixed language coming out of the European Central Bank (ECB).   GBP/USD Technical Analysis: Is the Bullish Trend Ready to Resume? GBP…

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News Reviews USD 

USD Daily Review October 4, 2017

USD Daily Review for October 4, 2017 EUR/USD: Correction Is ‘Understandable’; What’s Next? – BTMU BTMU FX Strategy Research notes that the EUR weakened in September, the first calendar month of decline since February.”Given the 12.6% gain in the six-month period between, some correction is understandable…The positive investor sentiment in the euro-zone, in part fuelled by the election victory of Emmanuel Macron, may be somewhat undermine   Tech Targets: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD – UOB EUR/USD: Neutral (since 14 Sep 17, 1.1890): Pull-back has scope to extend further to…

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News Reviews USD 

USD Daily Review October 3, 2017

USD Daily Review for October 3, 2017 Tech Targets: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD – UOB EUR/USD: Pull-back has scope to extend lower to 1.1660.While the pull-back from the high of 1.2092 (early September) is clearly lacking in momentum, the weakness appears incomplete and there is room for further extension towards the major support at 1.1660. At this stage, a sustained move below this level is not expected. Only a move back above 1.1   USD/JPY Will Look To Sentiment, Intermarket Highlights for Direction Over the last two weeks to…

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News Reviews USD 

USD Daily Review October 2, 2017

USD Daily Review for October 2, 2017 Can The U.S. Dollar Get Its Groove Back? The U.S. Dollar Index just broke above a bearish channel that it’s been in since February.   What Does the Fourth Quarter Hold for the Dollar, Equities, Oil and Other Key Markets? The third quarter has drawn to a close with remarkable levels of inactivity despite an abundance of trends from key benchmarks   Appealing Technical Conditions for AUDUSD and Aussie Crosses Tee RBA Decision What would happen if a fallen-from-grace carry currency were to…

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News Reviews USD 

USD Daily Review September 29, 2017

USD Daily Review for September 29, 2017 Trading Around the U.S. Dollar (Sept. 28, 2017) The U.S. Dollar showed signs of life earlier in the week, but has since started to weaken after running into resistance. In this webinar, we   US Dollar Climbs To #2 Spot on SW Only To Find Month-End Resistance September has looked very similar to November as hopes of Tax reform spread through the market. Will optimism fade again or bring the next move?   USD/CAD Trading Forecast Stays Mixed The combination of current sentiment…

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News Reviews USD 

USD Daily Review September 28, 2017

USD Daily Review for September 28, 2017 USD: Trump Tax Plan Announcement But Where’s The Money? – BTMU BTMU FX Strategy Research notes that the move higher for the USD of late on the back of rising expectations of a Fed rate hike may also have been driven in part by some increased expectations over the pro-growth tax cutting plan being agreed between the Trump administration and Congress.”Much of the details are already known and hence we doubt   Strong Weak FX: US Dollar Shows Strength, CAD Weakens on BoC…

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News Reviews USD 

USD Daily Review September 27, 2017

USD Daily Review for September 27, 2017 Euro, GBP and USD Price Action Setups (Sept. 26, 2017) A quick blip of Dollar-strength is highlighting the potential for a deeper short squeeze in USD; but this can open the door to bigger picture   AUD/USD Sell-Off Approaching Key Support Hurdle A break of the monthly opening range has prices trading at a key near-term support zone. Here are the updated targets & invalidation levels that   Positioning Shifts Warn of Potential Move Lower in AUD/USD Recent changes in sentiment warn that…

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USD Daily Review September 26, 2017

USD Daily Review for September 26, 2017 EUR/USD: Where To Target S/T Corrections; USD/JPY: Where To Target S/T Rallies – SocGen Societe Generale Cross Asset Strategy Research notes that there’s a general sense in the response to the German vote that it could be good for German equities, but that doesn’t alter the FX conclusion.”It’s now or never for a euro-correction… The euro has done better than shifts in relative interest rates, short or long-term, nom   Tech Targets: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD – UOB EUR/USD: Neutral (since 14…

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News Reviews USD 

USD Daily Review September 25, 2017

USD Daily Review for September 25, 2017 Tech Targets: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD – UOB EUR/USD: Neutral (since 14 Sep 17, 1.1890):Pull-back has room to extend lower to 1.1770.EUR staged a strong rebound but as highlighted yesterday, as long as 1.1980 is not taken out, the immediate pressure remains on the downside, However, after the strong recovery, the odds for further extension towards 1.1770 have diminished. In the meanwhile, EUR   EURUSD Weekly Technical Analysis: Resolution of Range on Its Way The euro has further cemented key levels, lines…

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