News Reviews USD 

USD Daily Review August 4, 2017

USD Daily Review for August 4, 2017 Weak! The U.S. dollar has plunged on Trump’s watch President Trump regularly points to the incredibly-strong stock market as proof that his economic policies are working. But what about the dramatically-weaker U.S. dollar?   USD: Follow The Momentum For Now Before Turning Contrarian & Long – BofAML Bank of America Merrill Lynch FX Strategy Research notes that despite the weakness of the USD this year, the currency remains overvalued by about 10 percent compared with its long-term equilibrium and about 12 percent above…

Read More
News Reviews USD 

USD Daily Review August 3, 2017

USD Daily Review for August 3, 2017 Fed Speakers Urge Interest Rate Caution Allowing EUR/USD To Crack 1.19 EUR/USD traded to the highest level in 30-months on Wednesday and is working toward 1.2000 as arguments abound for trend continuation.   Euro Begins to Trend Higher Against Australian and Canadian Dollars The EUR is already at multi-months highs against the USD, GBP, JPY and CHF. Now it is starting to look strong against the CAD and   EUR/USD RSI Clings to Overbought Territory Ahead of NFP Report EUR/USD may continue to…

Read More
News Reviews USD 

USD Daily Review August 2, 2017

USD Daily Review for August 2, 2017 EUR/USD Rally Vulnerable Ahead of NFP- Pullback to Offer Opportunity Price is testing near-term slope resistance with the immediate long-bias at risk below these levels. Here are the updated targets & invalidation levels that matter.   AUD/USD Risks Larger Pullback as RBA Ramps Up Verbal Intervention AUD/USD stands at risk for a near-term correction as the Reserve Bank of Australia (RBA) toughens the verbal intervention on the local currency.   EUR/USD and GBP/USD Forecast August 2, 2017 The EUR/USD pair fell during the…

Read More
News Reviews USD 

USD Daily Review August 1, 2017

USD Daily Review for August 1, 2017 USD: Stage Set For A Corrective Rebound But No Obvious Trigger Yet – BTMU BTMU FX Strategy Research notes that the USD has continued to trade at weaker levels following the release of the latest US GDP and Employment Cost Index reports which proved weaker than expected.Overall, BTMU notes that the reports will continue to dampen expectations for further Fed tightening this year and leave the US dollar offered.However, BT   EUR/USD Cracks Above 1.18 May Still Be Undervalued, Metals On A Tear…

Read More
News Reviews USD 

USD Daily Review July 31, 2017

USD Daily Review for July 31, 2017 Tech Targets: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD – UOB EUR/USD: Bullish (since 19 Jul 17, 1.1550): Longs to exit rest of long position at 1.1800.While EUR registered a fresh high of 1.1776 yesterday, the rapid pull-back from the top and the subsequent weak daily closing do not bode well for our current bullish view. We are aware of the current severely overbought conditions and in order to maintain the   Weekly Trading Forecast: Dollar to Clarify Reversal Ambitions, RBA and BoE Ahead The…

Read More
News Reviews USD 

USD Daily Review July 28, 2017

USD Daily Review for July 28, 2017 USD: July FOMC Was More Of An Excuse Than A Reason To Sell; What’s Next? – Credit Agricole Credit Agricole CIB FX Strategy Research suspects that the July FOMC statement was more of an excuse than a reason to push the USD lower. “Technical factors likely played a role as the EUR/USD rallied through the previous highs of 1.1712 and AUD/USD broke the psychologically important 0.80 level. It is also possible that while overall position   USD: No Trigger For Rebound Beside Being…

Read More
News Reviews USD 

USD Daily Review July 27, 2017

USD Daily Review for July 27, 2017 Fed Forces USD To 14-Month Lows, Inventory Draw Lifts Crude Oil The DXY turnaround was short lived, and it looks like the trend followers win again after an unsurprising FOMC announcement showed a Fed not interested   Long U.S. Dollar vs. GBP, JPY The U.S. Dollar has put in another spurt of weakness after the July FOMC rate decision. But with a slate of high-impact data on the   US Dollar Falls as FOMC Holds Rates, Raises Concern Over Low Inflation Despite a…

Read More
News Reviews USD 

USD Daily Review July 26, 2017

USD Daily Review for July 26, 2017 Canada’s Dollar Has Rallied 10% In Two Months. The Housing Market Lurks, Waiting To Snuff It Out Lurking in the background of the Canadian dollar rally is the robust housing market, which preoccupies the thoughts of the country’s central bankers and citizens alike.   EUR/USD Meets 2015 High, Crude Oil Tests Resistance Off Higher Low EUR/USD found the 2015 high early in the session, before the USD firmed up on US healthcare vote. USD/JPY rose on higher US Yields and   FOMC on…

Read More
News Reviews USD 

USD Daily Review July 25, 2017

USD Daily Review for July 25, 2017 US Dollar Remains a Sell versus Japanese Yen We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests USDJPY prices may continue to fall.   British Pound at Risk of Turnaround versus US Dollar Recent changes in sentiment warn that the current GBPUSD price trend may soon reverse lower despite the fact traders remain net-short.   US Dollar Doldrums Takes DXY to Levels from Brexit Day The markets await the Fed, but now the best thing going…

Read More