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USD Daily Review April 5, 2018

USD Daily Review for April 5, 2018

GBP/USD: Resistance at Prior Support as Bullish Trend Remains On-Hold

The British Pound has turned around after a strong breakout in March, and prices are continuing to find a bit of support above the 1.4000


USD/CHF Poses Topside Break Above Confluent Resistance

USD/CHF was in an aggressively bearish trend through the first half of Q1, setting a fresh two-year low in the process. But since that low


EUR/USD Tries to Dig-Out Support, S&P Bears Show at Fibonacci Resistance

The rocky start to Q2 for US stocks continues as yesterday’s rally was soundly met by sellers at Fibonacci resistance. In FX-land, the US Dollar


US Dollar Shrugs Off Trade War Headlines – For Now

For now, weakness in US equity market futures helping keep the US Dollar afloat; historically, trade tensions have led to USD weakness.


Top FX Headlines: US Dollar Shrugs Off Trade War Headlines – For Now: 4/4/18

– Overnight China announced retaliatory tariffs to the tune of $50 billion on imported US goods, scheduled to take place once the US tariffs on Chinese impor…


EUR/USD and GBP/USD Forecast April 5, 2018

The Euro went back and forth during the trading session on Wednesday, as we continue to be very noisy. The uptrend line is within reach now, and I think with…


USD/JPY and AUD/USD Forecast April 5, 2018

The US dollar initially fell during trading on Wednesday, but rallied quite nicely, right along with the US stock markets as fears of an escalating trade war…


Australian Dollar Heading for Uptrend After Trade Surplus Beat?

The Australian Dollar is slowly approaching the starting line for a possible uptrend. A larger-than-expected local trade surplus went unnoticed though but more event risk


Trade Wars and Trump Tweets Leverage Dow Volatility, Restrict Dollar

Headlines related to US President Trump’s pressure on Amazon and the progress of trade wars slowly erodes fragile confidence. US equity indices started with bad


USD/CAD Poised to Fall, How Far Can Implied Volatility Take it?

The Canadian Dollar could be on the verge of appreciating following confirmation of a bearish reversal pattern as we head into ongoing NAFTA talks and


USDJPY Benefits as US/China Trade War Fears Ease

USDJPY is proving to be one of the main beneficiaries of a cooling of trade tensions between the US and China.


Have a nice trading!

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