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USD Daily Review August 2, 2018

USD Daily Review for August 2, 2018

EUR/USD: Provides No Clear Trading Signal

The combination of current sentiment and recent changes gives us a further mixed EURUSD trading bias.

 

Weekly Technical Perspective on the British Pound (GBP/USD)

Cable closed fractionally lower after rebounding off slope support last month- BoE / NFPs on tap. Here are the key price levels that matter on

 

USD/JPY: Net-Shorts Increase As Price Climbs Higher To 111.90

The combination of current sentiment and recent changes gives us a further mixed USDJPY trading bias.

 

Weekly Technical Perspective on the Australian Dollar (AUD/USD)

Aussie opens August trade just above critical support with major event risk on tap. Here are the technical price levels that matter on the AUD/USD

 

US Dollar, Equities Unfazed by ISM Manufacturing Miss

The US Dollar and equities showed little sign of surrendering early gains on Wednesday, despite a miss on the important economic indicator.

 

US Dollar Holds Support Ahead of FOMC; BoE, NFP on Deck

Today at 2 PM brings the August rate decision out of the Federal Reserve. Expectations are minimal for any new information, and this puts focus

 

USD Firms Ahead of FOMC, AUD and NZD Slide on China Woes – US Market Open

USD Firms Ahead of FOMC, AUD and NZD Slide on China Woes – US Market Open

 

Preview for August FOMC Meeting and Outlook for US Dollar

The Federal Reserve will use today’s meeting to pave the path towards its next rate hike in September.

 

US Dollar stays in daily range as Fed doesn’t offer any surprises, eyes on tariffs announcement

The US Dollar Index, which tracks the greenback against a basket of six major currencies, dropped to 94.53 with the initial reaction to the FOMC state

 

EUR/USD rises marginally after FOMC decision

The EUR/USD pair rose from moved to the upside after the Federal Reserve released its statement. The pair peaked at 1.1675 up from 1.1660. It was…

 

Dollar pares some gains after Fed update on economy

The U.S. Dollar retraced some of its gains on Wednesday, after the Federal Reserve gave its August policy update. The central bank left interest rates

 




USD/JPY and NZD/USD Forecast August 2, 2018

The US dollar has initially tried to rally during the trading session on Wednesday going into the Federal Reserve meeting but has rolled over to form a bit o…

 

USD/JPY Strength Sputters as Fed Keeps Key Interest Rate on Hold

USD/JPY initiates a bullish sequence even as the Fed keeps the interest rate on hold, with the exchange rate still at risk of making a

 

NZD/USD: a period of consolidation is expected ahead of nonfarm payrolls

The FOMC was as expected, a non-event with only a couple of tweaks in the statement characterizing economic activity as strong, and remains on track t

 

AUD/USD knocks lower after Aussie Trade Balance shows declining imports

The AUD/USD is trading down into 0.7375 after slipping from the 0.7400 major level on a tricky Australian Trade Balance release that saw both Imports

 

USD/CAD Technical Analysis: Bullish RSI divergence seen in the hourly chart

Hourly chart Spot Rate: 1.3010 Daily High: 1.3013 Daily Low: 1.2994 Trend: Bullish Resistance R1: 1.3033 (previous day’s doji candle high) R2

 

GBP/USD sticking to the 1.31 level as the BoE’s UK rate hike decision looms

The GBP/USD is trading into the 1.3100 technical level, twisting to the bearish side in early Thursday trading but remaining well within the week’s ti

 

EUR/USD continues its struggle to find a direction

The EUR/USD could be in for a big move soon, having spent more 1.5-month in the narrowing price range or pennant pattern. As of writing, the top end

 

USD/JPY Technical Analysis: Path of least resistance is to the upside

Hourly chart Spot Rate: 111.62 Daily HIgh: 111.73 Daily Low: 111.54 Trend: Bullish Resistance R1: 111.73 (session high) R2: 112.15 (previous

 

USD/CNH Technical Analysis: Signs of bullish exhaustion

Hourly chart Spot Rate: 6.8220 Daily High: 6.8348 Daily Low: 6.8156 Trend: Bullish exhaustion Resistance R1: 6.84569 (previous day’s high) R2

 

AUD/USD in stasis around 0.74, upbeat Aussie trade data fails to lift spirits

Australia June trade surplus bettered estimates, but the upbeat data has failed to put a bid under the Aussie dollar, leaving the AUD/UD pair flat lin

 

USD/JPY: now awaits the nonfarm payrolls, but risk sour, yen bid

USD/JPY traded as low as 111.49 post the Fed from high of 112.11. Currently, the pair is steady in the Tokyo open at around 111.65. The Japanese yen s

 

USD/CNY fix projection: 6.7935 – Nomura

Analysts at Nomura offered their model’s projection for today’s fix in USD/CNY. Key Quotes: “Our model1 projects the fix to be 358 pips lower than t

 




Asia/Pacific Stocks Decline on Trade War Fears. GBP, USD Eye BoE

Asia/Pacific benchmark indexes traded lower on increased trade war concerns between the US and China. Ahead, the British Pound and US Dollar await Bank of

 

AUDUSD Elliott Wave Forecasts a Bounce Towards 76 to 78 Cents

The current Elliott Wave for AUD/USD suggests a rally may form soon pushing AUDUSD back towards 76 cents.

 

Trade Wars in Focus for the Nikkei 225, Fed Offers Little to USD

Trade wars are in focus for stocks as more us tariffs on Chinese goods are on hold after the federal reserve bank underwhelmed hawks and

 

Risk Trends Struggle Despite Apple, Fed a Dud for Dollar, Pound Ready for BoE Hike

Despite Apple’s strong earnings, market-wide risk trends still struggle. The top event risk over the next 24 hours is the Bank of England rate decision,

 

GBP/USD Review: freezing as UK rate hike comes in for a landing

The GBP/USD has completely stalled out near the 1.3100 major technical level as the Bank of England (BoE) gets set to deliver their latest rate call t

 

EUR/USD flirting with session lows in sub-1.1650 levels

The downbeat sentiment around the European currency remains well and sound on Thursday and is now forcing EUR/USD to recede to the 1.1650/45 band, or

 

Three Things To Keep An Eye Today: Trade War, BOE Rate Decision & Dollar Index

Fed left the powder dry last night while the Bank of England is eager to fire today. But the BOE needs to make sure it isn’t jumping the gun because the risk is huge

 

GBP/USD moves above 1.3100 on BoE, focus now on Carney

GBP/USD managed to rebound from session lows in the 1.3070 region today to levels beyond 1.3100 the figure in the wake of the BoE meeting. GBP/USD no

 

EUR/USD finds support near the 1.1600 handle

The continuation of the bid tone around the greenback has forced EUR/USD to recede towards the 1.1600 handle, where it seems to have found some suppor

 

Have a nice trading!




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