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USD Daily Review August 3, 2017

USD Daily Review for August 3, 2017

Fed Speakers Urge Interest Rate Caution Allowing EUR/USD To Crack 1.19

EUR/USD traded to the highest level in 30-months on Wednesday and is working toward 1.2000 as arguments abound for trend continuation.


Euro Begins to Trend Higher Against Australian and Canadian Dollars

The EUR is already at multi-months highs against the USD, GBP, JPY and CHF. Now it is starting to look strong against the CAD and


EUR/USD RSI Clings to Overbought Territory Ahead of NFP Report

EUR/USD may continue to exhibit a bullish behavior over the coming days as mixed data prints coming out of the U.S. economy drag on interest


Trading Outlook for USD, Euro, Cross-rates, Gold & More

In this webinar, we discussed at length the DXY, EURUSD, as well as looked at a few key cross-rates, gold/silver, and equity indices.


AUDUSD Options Point to Confinement Between Key Price Levels

Aussie has cooled off since running for most of July, options-projected one-week range levels are in confluence with important support and resistance levels.


With USD/JPY at Support, EUR/JPY May Now Breakout

Given EUR/USD strength, USD/JPY at support means EUR/JPY has a chance to extend gains outside of its symmetrical triangle.


Gold bucks weak U.S. dollar to settle marginally lower

Gold prices settled slightly lower on Wednesday, ignoring the weaker dollar, as the precious metal took a breather from its recent rally. Gold for Dec


FX Closing Bell August 02, Fed Speakers Urge Interest Rate Caution Allowing EUR/USD To Crack 1.19

#news @ForexYell EUR/USD traded to the highest level in 30-months on Wednesday and is working toward 1.2000. A look at the options market shows there is stil…


#CurrencyInPlay: Euro, GBP calm with dollar cautious ahead of key data

USD cautious ahead of ADP today, NFP on Friday EUR/USD found bids in the 1.1790 area, firmer around 1.1830 GBP/USD sidelined above 1.3200 driven by USD-dynam…


USD/JPY and AUD/USD Forecast August 3, 2017

The US dollar initially tried to rally during the day on Wednesday, but found enough resistance near the 111 level to turn things around. By doing so, we for…


EUR/USD and GBP/USD Forecast August 3, 2017

The EUR/USD pair rallied during the day on Wednesday, as we broke towards the 1.19 level. However, we did pull back a little bit later in the day, and by any…


EUR/USD: A Reversal Could Be On The Cards But Unwise To Be First To Sell – Nordea

Nordea FX Strategy Research argues that despite being long-term optimists on EUR/USD, the strong recent momentum of the pair has been surprising.”A lot of good news should already be in the price for the EUR, just as most bad news should be in the price for the USD (this suggests a reversal)….But given recent strong momentum, that the move a


New Zealand Dollar Falls on Housing Data, Tax Evasion Proposal

The New Zealand Dollar declined after data showed Auckland house prices fell while the government proposed measures to fight tax evasion, trimming RBNZ rate hike


GBP/USD, GBP/JPY and GBP/NZD Offer Best Standing for BoE Strategy

The Bank of England’s rate decision today fits the mold of an event that in current conditions can generate a surprising amount of volatility for


NZD/USD Technical Analysis: Three-Week Uptrend Broken

The New Zealand Dollarbroke support guiding the move higher against its US counterpart since mid-July, with sellers now threatening the longer-term trend from May lows.


BoE Preview: Fresh Forecasts to Influence GBP/USD Outlook

Fresh updates from the BoE may spark a bearish reaction in GBP/USD if the central bank shows a greater willingness to preserve the record-low rate


Dollar falls further as rate hike expectations diminish

The U.S. dollar extended its woes touching its lowest level against the euro in more than 2-1/2 years on Wednesday. Doubts whether the Federal Reserve will raise interest rates this year and expectations for European Central Bank hawkishness lifted the single currency and weighed on the dollar.


EUR/USD Technical Analysis: Topping Near 1.19 Figure?

The Euro has advanced to the highest level since January 2015against the US Dollar, with prices now attempting to secure a foothold above the 1.19


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