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USD Daily Review August 11, 2017

USD Daily Review for August 11, 2017

USD/CAD: Where To Target Ongoing Positioning Squeeze In The Very Short-Term – TD

TD Research notes that USD/CAD has retraced about a quarter of the move from early May and this reflects extreme market positioning, some lost data momentum in Canada and a more supportive technical backdrop emerging for the USD.”Indeed, regarding the latter, the 5dma has now crossed against both the 10 and 25dma, adding a tailwind to USDCAD.


EUR/USD Finds Support at the Former Resistance Level

The EUR/USD price break higher has caught many traders off guard. Using Elliott Wave Theory, the pattern appears incomplete to the upside.


US Dollar Bounces, But Bulls Lack Boldness To Hold Exposure

While many traders anticipate a USD revival, the bounce in the US Dollar Index is having a difficult time holding gains above 94.08.


Wheat prices fall to 2-month low as USDA raises global production estimate

Wheat futures prices on Thursday logged their lowest settlement in about two months after the U.S. Department of Agriculture raised its global wheat p


Webinar: Central Bank Weekly: RBNZ Hits NZD; What’s Next from ECB & Fed for EUR & USD?: 8/10/17

DailyFX Senior Currency Strategist Christopher Vecchio discusses the major central banks’ monetary policies and their implications for FX markets over the ne…


USD/JPY and AUD/USD Forecast August 11, 2017

The US dollar fell during the day on Thursday, breaking below the bottom of the hammer from Wednesday and even breaking down below what could have been a ver…


EUR/USD and GBP/USD Forecast August 11, 2017

The EUR/USD pair fell initially during the day on Thursday, but found enough support at the 1.17 level to turn around and form a hammer. The hammer is a very…


S&P 500, VIX and Dollar Shape the Conversation of True Risk Reversal

Have we seen the official start of the long-overdue reversal in exaggerated speculative exposure – otherwise known as ‘risk appetite’?


NZD/USD Technical Analysis: Kiwi Drops Most in 7 Months

The New Zealand Dollaraccelerated lower against its US counterpart as expected, suffering the largest drop since January and hitting the lowest level in a month.


EUR/USD Bull-Flag Unfolds Ahead of U.S. CPI Report

An uptick in the U.S. CPI may stoke a near-term pullback in EUR/USD as signs of rising inflation puts pressure on the FOMC to further


Trading Outlook for USD, ‘Risk Pairs’, Equity Indices, Gold & More

In this webinar, we discussed USD, the mild risk-off environment and how it pertains to various risk currency pairs, indices, and the possibility of a big up…


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