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USD Daily Review August 10, 2017

USD Daily Review for August 10, 2017

EUR/USD: Consolidation Phase: Levels & Targets – Credit Suisse

Credit Suisse FX Technical Strategy Research notes that EUR/USD has found an initial cap at the low of 2010 at 1.1876 and is currently correcting gains.”We allow for this phase of consolidation to extend, however, we view it as corrective and once it has run its course look for an extension above 1.1876 to target the recent high at 1.1911.Exte

 

USD/JPY: Sits In Bullish Cloud, Stuck In Triangle; Levels To Watch – BofAML

Bank of America Merrill Lynch Technical FX Strategy Research notes that USD/JPY has fallen into the bullish portion of the Ichimoku cloud, and is also coiling between converging trend lines.”We believe a breakdown below the coil and cloud at 108.84 could lead to a deeper decline to trend line support at about 106.While a break higher initially

 

Haven Flows Overtake USD Gains; Gold Price Attempts Bullish Breakout

Uncertainty over the gravity of the geopolitical tensions between U.S. and North Korea left traders unsure what to do. So they bought Gold.

 

RBNZ Preview: NZD/USD Outlook Mired by Bearish Sequence

NZD/USD may continue to exhibit a bearish behavior should the Reserve Bank of New Zealand (RBNZ) toughen the verbal intervention on the local currency.

 

Bullish USD? USD/NOK Pivots At Common Wave Relationship

The downward trend in USD/NOK paused at the 1.618 extension. The higher probability move is a bounce higher towards 8.10.

 

USD/JPY Price Analysis: Break Below 110 Raises Risk-Off Fears

Quietly, JPY strength has become a persistent theme at the same time that open interest in VIX futures reaches record highs. A bigger move may

 

Trading Outlook for USD-pairs, Euro & Sterling Crosses, Gold & More

In this webinar, we discussed the technical outlook on several USD-pairs, noted a couple of set-ups in EUR &GBP-crosses, and touched on precious metals and

 

USD/CHF Technical Analysis: The Down-Trend Continues

Swissy is falling after running into prior swing resistance, opening the door for short-side continuation strategies.

 

Global Risks Jump as USD/JPY Cracks, S&P 500 Marks Key Reversal

Now that AUD/JPY and NZD/JPY have slid back, even stalwart pairs like CAD/JPY and EUR/JPY have seen their bullish technical postures break down.

 

How is the Ongoing Russia Inquiry Hurting the U.S. Dollar?

In truth, it was inevitable that the seemingly invincible American Dollar (USD) would depreciate at some point during this year.

 

Dollar lifted by JOLT data

The dollar shook off earlier pressure to jump to more than a one-week high on Tuesday, after data showed U.S. job openings increased to a record high in June.

 




A French entrepreneur is intent on a multi-billion dollar dealmaking spree in the US

Patrick Drahi, no stranger to telecoms mergers, is back on the acquisition trail.

 

Forex: Top FX Headlines: Global Risks Jump as USD/JPY Cracks, S&P 500 Marks Key Reversal: 8/9/17

– A bearish daily key reversal in the S&P 500 yesterday, coupled with further strength from the Japanese Yen, suggests markets are shifting into a ‘risk off’…

 

Trading Outlook for USD-pairs, Euro & Sterling Crosses, Gold & More

In this webinar, we discussed the technical outlook on several USD-pairs, noted a couple of set-ups in EUR &GBP-crosses, and touched on precious metals and e…

 

Currency In Play: North Korea tension rockets, Dollar gains capped

Joined today by Ed Matts from Matrix Trade we take a look at the latest trending news in the FX markets. Looking at EURUSD, GBPUSD, USDJPY and many more of t…

 

USD/JPY and AUD/USD Forecast August 10, 2017

The US dollar fell initially during the day on Wednesday, as people are reacting Korean Peninsula and all of the news. Ultimately, this market looks to be fi…

 

EUR/USD and GBP/USD Forecast August 10, 2017

The EUR/USD pair initially fell during the day on Wednesday, but found enough support underneath the 1.17 level to bounce and form a nice-looking hammer. If …

 

SPX Fails Bullish and Bearish Breaks, USD and Yen Reversing?

Sentiment and market positioning seem to be in a ‘pick your poison’ paradox. The backdrop for speculative appetite reads both as stretched and faulty, a

 

USD/CAD Price Analysis: Counter Trend Price Target In Sights

After an impressive run from mid-May, USD/CAD has traded higher for the month of August, but the retracement higher may be running out of steam.

 

Fed Members Split on Tightening, Bullard Weighs in On Equities and USD

Federal Reserve members Charles Evans and James Bullard weighed in on the future on FOMC policy today, showing a divide in the pace considered appropriate

 

NZ Dollar and Bond Yields Ultimately Gain on RBNZ Rate Hold

The New Zealand Dollar and local bond yields gained despite the RBNZ holding rates and projecting concerns over inflation and the level of the currency.

 

New Zealand Dollar Dominates AsiaPacific Market Action

The Reserve Bank of New Zealand selected a higher rhetorical gear in its quest for a lower New Zealand Dollar exchange rate.

 

AUD/USD Technical Analysis: Sellers Take Aim Below 0.78

The Australian Dollarlooks vulnerable to deeper losses having turned lower after finding resistance below the 0.81 figure against its US counterpart.

 




US Dollar May Rise on PPI Data, RBNZ Threatens FX Intervention

The US Dollar may rise as a pickup in wholesale inflation boosts Fed rate hike prospects. Its Kiwi cousin sank after the RBNZ threatened to

 

Currency In Play: Trump North Korea stance sees USD rise

 

Have a nice trading!




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