News Reviews USD 

USD Daily Review May 11, 2018

USD Daily Review for May 11, 2018 US Dollar Price Action Setups After CPI-Fueled Pullback The US Dollar has finally started to pull back. But is this a retracement in a move of bullish continuation, or are we seeing the   USD/CAD Bearish Series Takes Shape Ahead of Canada Employment Report Recent price action in USD/CAD raises the risk for a further decline in the exchange rate as it carves a fresh series of lower highs   Canadian Dollar Rate Forecast: Loonie Strength Emerges On Soft USD The Canadian Dollar…

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USD Daily Review May 10, 2018

USD Daily Review for May 10, 2018 Wait-and-See RBNZ to Keep NZD/USD Under Pressure The Reserve Bank of New Zealand (RBNZ) interest rate decision may keep NZD/USD under pressure should Governor Adrian Orr & Co. stick to the status   USD/CAD Rate Outlook Mired by Failed Attempt to Test 2018-High USD/CAD struggles to retain the advance from earlier this month, with the pair at risk for further losses following the failed attempt to test the   US Dollar Index (DXY) Forecast: Did You Feel The Bears Tremble? The US Dollar…

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USD Daily Review May 9, 2018

USD Daily Review for May 9, 2018 US Dollar Pulls Back from 2018 Highs: Price Action Strategy The US Dollar rally has continued up to fresh 2018 highs, and with a bit of a pullback during today’s US session, setups open-up on   USDJPY: Trades Off of 110 Resistance Level With Mixed Bias The combination of current sentiment and recent changes gives us a further mixed USDJPY trading bias.   AUD/USD Rate Eyes 2017-Low as RSI Dips Back Into Oversold Territory The AUD/USD rate stands at risk of making a…

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USD Daily Review May 8, 2018

USD Daily Review for May 8, 2018 GBP/USD: Oversold Cable Tests Key Support Ahead of BoE Super Thursday This week’s BoE rate decision was long expected to bring a rate hike. But as the backdrop deteriorated through April, those expectations got kicked further   EURUSD: Slight Mixed Bias as Price Tests 2018 Lows The combination of current sentiment and recent changes gives us a further mixed EURUSD trading bias.   FX Setups for Week of May 7, 2018: GBP/USD, NZD/USD The US Dollar is holding on to gains after a…

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USD Daily Review May 7, 2018

USD Daily Review for May 7, 2018 US Dollar Has Scope to Extend Rally on CPI Data, Powell Speech The US Dollar has scope to continue building higher after enjoying the most aggressive three-week rally in nearly two years against its major currency counterparts.   Why EUR/USD and GBP/AUD Qualify as Appealing Trade Opportunities It would seem a rudimentary consideration of trading FX that traders pursue naturally – without concerted thought or strategy.   Dollar Ends Week Steady and S&P 500 Strong, BoE Top Event Risk Ahead Friday’s charge for…

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USD Daily Review May 4, 2018

USD Daily Review for May 4, 2018 Where Is The Dollar Index Heading Next? The dollar index has moved many lines in the sand and it has reached an interesting level. The Fed is dovish, at least this is the sentiment among traders but the dollar index is moving higher but there is one particular direction for the dollar index which is very interesting.   GBPUSD Price Set to Fall The combination of current sentiment and recent changes gives us a stronger GBPUSD-bearish contrarian trading bias.   Canadian Dollar Rate…

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USD Daily Review May 3, 2018

USD Daily Review for May 3, 2018 The US dollar is making a huge comeback It was only a few weeks ago that the dollar was falling and companies were celebrating how that lifted earnings. But the greenback has rebounded as investors bet on more Fed rate hikes. Will that wind up being a problem for Wall Street?   US Dollar Drops as FOMC Turns Hawkish on Inflation, Dovish on Growth The Federal Reserve kept its main overnight rate on hold at 1.50-1.75% as expected, while upgrading its outlook for…

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USD Daily Review May 2, 2018

USD Daily Review for May 2, 2018 USDJPY Price Unclear Based on Sentiment The current USDJPY price trend may soon reverse higher despite the fact traders remain net-long.   EURUSD Price Could Fall Lower as Dollar Strength Persists The combination of current sentiment and recent changes gives us a stronger EURUSD-bearish contrarian trading bias.   Canadian Dollar Rate Forecast: CAD May Still Be A Beast After All Despite a setback after the BoC signaled caution, the loonie remains strong on a broad basis and may best be played against GBP…

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USD Daily Review May 1, 2018

USD Daily Review for May 1, 2018 EURUSD and USDJPY Patterns Suggest USD Trend Remains Incomplete US Dollar found strength last week and this trend has more room to grow. EURUSD and USDJPY Elliott Wave patterns imply continued USD strength.   USD/CAD Rebound Stalls, Bearish Series Unfolds Ahead of BoC Rhetoric USD/CAD stands at risk of giving back the advance from earlier this month as a bearish sequence takes shape in the exchange rate.   US Dollar Price Action Strategy Ahead of FOMC, NFP The first week of May brings…

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