News Reviews USD 

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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GBP News Reviews 

GBP Daily Review August 16, 2017

GBP Daily Review for August 16, 2017 Rising Threat of Above-Target U.K. CPI to Foster GBP/USD Rebound A pickup in both the headline and core U.K. CPI may foster a near-term rebound in GBP/USD as it puts pressure on the BoE to   British Pound May Fall on CPI as Euro Looks Past German GDP Data The British Pound may fall as soft CPI data cools BOE rate hike prospects while the Euro looks past a pickup in second-quarter German economic   Webinar: A Look at the Latest UK Inflation…

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EUR News Reviews 

EUR Daily Review August 16, 2017

EUR Daily Review for August 16, 2017 British Pound May Fall on CPI as Euro Looks Past German GDP Data The British Pound may fall as soft CPI data cools BOE rate hike prospects while the Euro looks past a pickup in second-quarter German economic   Webinar: DailyFX European Desk Round Table: USD Staging Turnaround versus EUR, GBP Join DailyFX strategists Christopher Vecchio, Martin Essex, and Nick Cawley for a discussion on the major influences out of Europe impacting FX markets.   Euro Tests Support as USD Moves Through Resistance:…

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JPY News Reviews 

JPY Daily Review August 15, 2017

JPY Daily Review for August 15, 2017 Tech Targets: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD – UOB EUR/USD: Neutral (since 07 Aug 17, 1.1785): EUR to remain underpinned as long as above 1.1750.There is not much to add as we continue to expect EUR to stay underpinned as long as 1.1750 is intact. However, as highlighted yesterday, upward momentum is not strong and the month-to-date high near 1.1910 is unlikely to yield so easily. On a shorter-term   USD/JPY Price Analysis: Strong Bounce on YTD Low Zone, US Data Jumps As…

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AUD News Reviews 

AUD Daily Review August 15, 2017

AUD Daily Review for August 15, 2017 AUD/USD Longer Term Correction Resuming? After AUDUSD broke to new highs, it has stalled. One Elliott Wave model counts the advance as being complete and at risk of a longer   USD/JPY and AUD/USD Forecast August 15, 2017 The US dollar shot higher during the session on Monday, testing the uptrend line that had recently given way. The question now will be whether we can break a…   Tech Targets: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD – UOB EUR/USD: Neutral (since 07 Aug 17,…

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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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GBP News Reviews 

GBP Daily Review August 15, 2017

GBP Daily Review for August 15, 2017 GBP Weak Ahead of Data Deluge and Heightened UK Political Risks GBP/USD continues to point to the downside as the market braces itself for UK inflation and jobs data as well as the release of the   EUR/USD and GBP/USD Forecast August 15, 2017 The EUR/USD pair fell slightly during the day on Monday, as we continue to digest gains. It looks like we are going to try to break above the 1.18 handle, an…   Tech Targets: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD…

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EUR News Reviews 

EUR Daily Review August 15, 2017

EUR Daily Review for August 15, 2017 Cautious ECB Minutes to Derail EUR/USD Continuation Pattern Cautious remarks from the European Central Bank (ECB) may stoke a larger correction in EUR/USD as it fails to fill the gap from January-2015 (1.2000   Gold Price Pivots Below $1296; EUR/USD Still in Uptrend Gold price technical pattern hints at a medium term trend towards $1345 while EURUSD may retest 1.19.   How Does the UK’s Interest Rate Compare With its European Counterparts? In truth, we should have seen it coming. While initial speculation…

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