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USD Daily Review August 6, 2018

USD Daily Review for August 6, 2018

EUR/USD Weekly Technical Outlook: Will the Euro Cooperate and Break 11500?

In the week ahead, all eyes will be on whether the euro can break 11500 or not; a break would likely bring in heavy selling

 

When Apple, Emerging Markets and Dollar Pairs Try to Break Away

There are always ‘outliers’ that will deviate from the deeper themes, but their ability to go it their own is always fraught

 

US Dollar May Retreat as Rally Struggles to Find Fresh Fodder

The US Dollar may turn back after four consecutive weeks on the upside as the rally runs out of fresh catalysts to inspire continued near-term

 

USD/JPY Outlook Mired by Lackluster Non-Farm Payrolls (NFP) Report

Fresh developments coming out of the U.S. economy may continue to drag on USD/JPY should the data prints rattle bets for four Fed rate-hikes in

 

Weekly Technical Perspective on Euro vs US Dollar (EUR/USD)

Euro is challenging the lower bounds of a multi-month consolidation pattern early in the month. Here are the key price levels that matter on the

 

Bearish EUR/USD Series Remains Intact Even as NFP Report Disappoints

EUR/USD struggles to hold its ground following the Fed rate decision, with the exchange rate at risk of making a run at the 2018-low as

 

US Dollar Pulls Back After NFP Miss: Can Bulls Continue to Drive?

This morning’s Non-Farm Payrolls report out of the United States came in below expectations, and this helped to bring a pullback to the US Dollar.

 

Charts for Next Week: EUR/USD, AUD/USD, Euro-Crosses, Gold Price & More

Looking ahead to next week, there are a few charts of interest as they near major decision points; Euro and Aussie near big support levels,

 

United States CFTC USD NC net positions fell from previous $181.9K to $170.3K

United States CFTC USD NC net positions fell from previous $181.9K to $170.3K

 

EUR/USD heads for lowest weekly close in a year

The EUR/USD pair failed to rise above 1.1600 amid a reversal of the US dollar and weakened near the end of the week, moving closer to the 5-week low i

 

Risk of further EM outflows into the USD – Rabobank

“Traditionally, the JPY and the CHF are the choice safe haven currencies,” Rabobank analysts note. Key quotes “We have argued many times that on pap

 




Interest rate differentials to support modest appreciation in USD/JPY towards 115 – Rabobank

“The July 31 Bank of Japan policy meeting had a polarising impact on the market. Market hawks judged that the Bank may relax its commitment to its cur

 

USD/JPY edges lower toward 111, looks to record modest gains for the week

The USD/JPY pair came under a renewed selling pressure in the NA session and extended its losses to touch a fresh daily low at 111.10. As of writing,

 

U.S. dollar dips in to negative territory after jobs report

The U.S. dollar weakened slightly after the July jobs report came in below expectations. The nonfarm-payroll report showed that 157,000 jobs were crea

 

EUR/USD and GBP/USD Forecast August 6, 2018

The EUR/USD pair was very noisy during trading on Friday, reaching down below the 1.16 level again, and bouncing from the previous symmetrical triangle. It i…

 

NZD/USD: below the 21-hr SMA, risks to the downside, 0.6720 on the table

NZD/USD has been subject to external dominating themes as the RBNZ meeting loomed around the corner, albeit with little anticipation in the markets co

 

EUR/USD: range-bound with a downward bias – Nordera

Analysts at Nordera research offered some FX quickies for those of a tactical persuasion. Key Quotes: “EUR/USD: range-bound with a downward bias.

 

USD/CAD Soars After Saudi Arabia Freezes Trade With Canada

The Canadian Dollar sharply fell against its US counterpart after Saudi Arabia announced that it halted trade with Canada. More downside momentum may come next.

 

Japanese Yen Technical Analysis: USDJPY Tests Key Channel Support

The Japanese Yen has the upper hand against the US Dollar but its bulls have yet to force a key break lower for USD/JP. They

 

USD/JPY searching for some lift from 111.00

The USD/JPY is trading into 111.30 as Monday’s Asian market session begins to wrap it up, and the US Dollar is seeing some mild lift from recent lows

 

EUR/USD: Focus on Italy-German bond yield differential

The EUR/USD is on the defensive, having witnessed a pennant breakdown on Thursday and the fears of Italian fiscal crisis may accentuate the negative t

 

GBP/USD trying to hang onto the 1.30 level ahead of a quiet Monday

The GBP/USD opens the new trading week testing towards the downside of the 1.3000 major technical level, kicking around the psychological handle in Mo

 

NZD/USD Review: Indecisive market

The NZD/USD pair created a doji candle on Friday, signaling indecision in the marketplace and was last seen trading largely unchanged on the day at 67

 




USD/CNH Technical Analysis: Bear flag breakdown seen in the 15-minute chart

15-minute chart Spot Rate: 6.8290 Daily High: 6.8551 Daily Low: 6.8237 Trend: Bearish Resistance R1: 6.8560 (July 27 high) R2: 6.9124 (Friday

 

USD/CNY is flashing red as the PBOC introduces reserve requirement ratio

The People’s Bank of China’s (PBOC) decision to reintroduce a strategy to halt CNY decline is boding well for the battered Chinese currency for the se

 

Senior PBOC Adviser Sheng: USD/CNY won’t break 7.00

The Economic Observer, a weekly Chinese newspaper, highlighted key comments from Sheng Songcheng, a senior adviser to the People’s Bank of China (PBO

 

USD/JPY: big speculative long position having to rethink its game plan to the 113 handle

Despite an upbeat tone on Wall Street and a risk on attitude due to the Chinese intervention that calmed volatility, USD/JPY fell away on a deteriorat

 

GBP/USD facing 1.29 as hard Brexit fears give the GBP a hard time

The GBP/USD is trading into the bearish side as the new trading week begins to unwind, and traders are remaining on edge as Brexit concerns return to

 

EUR/USD flirting with session lows in the mid-1.1500s

The bearish sentiment remains unchanged around the single currency at the beginning of the week and is now dragging EUR/USD to fresh lows in the mid-1

 

Turkish Lira hits record low of 5.1174 against the US dollar

Turkish Lira (TRY) has begun the week on a negative note. The USD/TRY rose to a record high of 5.1174 and may extend the rally as the 14-day relativ

 

EURUSD Negative Momentum Building, Looking to Break Crucial Support

EURUSD Negative Momentum Building, Looking to Break Crucial Support

 

GBPUSD Looking to Burst Support on Negative Brexit Talk

The British Pound remains under pressure after talk over the weekend on a likely no-deal Brexit from the UK international trade secretary.

 

EUR/USD meets fresh supply, 1.1508 back on sight

The EUR/USD pair sold-off once again near the 1.1570 supply zone, as awful German industrial data outweighed upbeat Eurozone Sentix investor confidenc

 

US Dollar clings to gains around 95.30

The US Dollar Index (DXY), which gauges the buck vs. its main competitors, is prolonging the upside bias above 95.00 the figure, although some strong

 

Dollar firm as steady jobs data strenghten rate expectations

The dollar held its footing against a basket of its major rivals on Monday after U.S. job data reinforced investors’ expectations the Federal Reserve will gradually raise interest rates this year.

 

Have a nice trading!




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