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USD Daily Review August 8, 2018

USD Daily Review for August 8, 2018

US Dollar Technical Analysis: Big Test At Long-Term Resistance

The US Dollar has continued to strengthen as the trade war saga drags. Despite strength, we see 95 as key resistance that may break on

 

US Dollar Pulls Back Shy of Yearly Highs to Catch Support at 95.00

The US Dollar started the week at a key resistance hurdle, and bulls were unable to make much ground. But after 95.00 support came into

 

XAU/USD Technical Outlook: Gold Prices Digest Recent Losses

Gold prices are in consolidation just above long-term support after registering fresh yearly lows. These are the targets & invalidation levels that matter for XAU/USD.

 

USD/JPY: Sentiment Prompts a Bearish Bias as Support is Tested

Recent changes in sentiment warn that the current USDJPY price trend may soon reverse higher despite the fact traders remain net-long.

 

US Dollar Drops After Failed Test at Yearly Highs

The US Dollar is falling after a failed test to take out the 95.53 area of resistance on DXY. With a relatively quiet economic calendar

 

Global market wrap: dollar regains losses in NY in range bound markets – ANZ

Analysts at ANZ explained that the USD traded a touch weaker throughout the European trading session, but losses were pared through the New York sessi

 

US Dollar makes a U-turn at 95, looks to close the day flat

The US Dollar Index, which tracks the greenback against a basket of six major currencies, touched a daily low at 95 in the early NA session but revers

 

AUD/USD retreats from 1-week highs as US dollar recovers momentum

The Aussie outperformed during the Asian session following the RBA meeting and a rally in Chinese equities. Also, a decline of the US dollar…

 

GBP/USD headed back towards 2018 lows/key Fib support level

GBP/USD has been heading below the 21-hr SMA at 1.2951 and is set on a southerly trajectory on political angst over no-Deal Brexit concerns following

 

USD/CAD surges to fresh weekly high above 1.3050

After finding a short-term support below the 1.30 mark, the USD/CAD pair gained traction in the NA session and advanced to its highest level since Jul

 

EUR/USD bulls looking to reload longs for a breach of 1.1620

EUR/USD has been capped at the 1.16 handle, having made a temporary high of 1.1608 and from a low of 1.1551. EUR/USD has recovered up to the 100-hr SM

 




USD/TRY: Forecast revised higher but a short-term correction is possible – Danske Bank

Analysts at Danske Bank revised their forecast for USD/TRY higher after recent developments but in the short-term they see some potential for a correc

 

USD/JPY rebounds from 111.00 but still faces pressure

The USD/JPY pair bottomed earlier today at 110.97, the lowest level in a week and then bounced to the upside, following the beginning of the US…

 

USD/CAD: threatening the 100-D SMA first time since mid-April – Scotiabank

Analysts at Scotiabank explained that OIS is pricing roughly 20bpts of tightening for the October BoC meeting and slightly more than one full 25bpt hi

 

US Dollar Pulls Back Shy of Yearly Highs, Catches Support at 95.00

-Subscribe to DailyFX: https://www.youtube.com/DailyFXNews?sub_confirmation=1 -Visit DailyFX: https://www.dailyfx.com Welcome to DailyFX where subscribers ge…

 

EUR/USD and GBP/USD Forecast August 8, 2018

The Euro rallied significantly during the trading session on Tuesday, reaching towards the 1.16 level again. There is a certain amount of significant memory …

 

AUD/USD Review: bounce back into 0.7400 stalls within consolidation

The AUD/USD is trading just above the 0.7400 technical level after finding support through Tuesday’s London market session, and now the Aussie faces a

 

NZD/USD: bulls committed to the key support level, Kiwi under-performing

NZD/USD has been rejected at the 100-hr SMA and week’s opening previous resistance level around the 0.6750 mark. The bird has suffered a sell-off down

 

Crude Oil, Gold Prices Echo Sentiment-Driven Swings in US Dollar

Crude oil and gold price action has reflected the influence of market sentiment trends on Fed policy expectations and thereby on the US Dollar.

 

NZD/USD Technical Analysis: Support Under Fire as RBNZ Nears

The New Zealand Dollar has dropped to the bottom of monthly range support before the RBNZ monetary policy announcement.

 

S&P 500 Within Reach of Its Record High, Dollar Eases Back from its Own Break

Risk trends were generally uneven Tuesday, but the S&P 500 crawled relentless back towards a record high

 

Post-RBA AUD/USD Rebound Faces Range Resistance

AUD/USD now stands at risk of threatening the range bound price action carried over from the previous month as it quickly approaches the July-high (0.7484).

 

NZD/USD Technical Analysis: Bull breakout on the hourly chart has exposed 200-hour MA hurdle

Hourly chart Spot Rate: 0.6750 Daily High: 0.6756 Daily Low: 0.6730 Trend: Bullish Resistance R1: 0.6756 (previous day’s doji candle high) R2

 




EUR/USD is looking to re-enter pennant, fear gauge drops

The EUR/USD rose above 1.16 in Asia and is now challenging the resistance (former support) of the lower end of the pennant, currently located at 1.162

 

NZD/USD Review: bounce into 0.6750 on RBNZ inflation call

The NZD/USD is knocking above 0.6750 after the Reserve Bank of New Zealand (RBNZ) pushed their inflation expectations ever-so-slightly higher than the

 

AUD/USD: Comatose after RBA Governor Lowe’s speech and China trade data release

AUD/USD has hardly moved post-China trade data release. At press time, the currency pair is trading at 0.7429. The descending 10-week MA, currently l

 

China Trade Balance USD came in at $28.05B below forecasts ($39.33B) in July

China Trade Balance USD came in at $28.05B below forecasts ($39.33B) in July

 

USD/CAD Technical Analysis: Bullish continuation pattern

The pennant breakout seen in the USD/CAD 15-minute chart indicates a resumption of the rally from the previous day’s low of 1.2965 and has opened the

 

USD/JPY sees little action after BOJ Summary showed split over 10-year yield target

The USD/JPY pair is trading in a sideways manner around 113.37 in Asia, having defended a key rising trendline support for the eighth time in the last

 

USD/CNH hits 5-day low

The Chinese yuan is showing signs of life. The USD/CNH pair (offshore yuan exchange rate) is printed a five-day low of 6.8056 earlier today and was l

 

EUR/USD: Upside stalls near 1.1630, Fedspeak eyed

The rebound in the EUR/USD pair from multi-week troughs fizzed near 1.1630 region, as the bulls take a breather and await the US CPI figures for the n

 

GBP/USD Review: Brexit remains front-and-center, traders await UK GDP figures

The GBP/USD is trading into 1.2950, bolstered by a step back by the US Dollar, but Brexit concerns and a dovish Bank of England (BoE) are hanging clos

 

Trading Outlook for USD/JPY, Yen-crosses, AUD/USD, Gold & Others

Today, we focused on a few USD pairs along with a couple of JPY-crosses, gold; along with a few other pairs and markets.

 

USDJPY Analysis: Bears Find Hope as BoJ Show Divide on QQE Measures

USDJPY Analysis: Bears Find Hope as BoJ Show Divide on QQE Measures

 

NZD Technical Analysis Overview: NZDUSD & NZDJPY Focus Ahead of RBNZ

NZD Technical Analysis Overview: NZDUSD & NZDJPY Focus Ahead of RBNZ

 




EUR/USD looks to regain the 1.1600 handle and above

After climbing as high as the 1.1630 area in early trade, EUR/USD met some serious selling interest that dragged it back to the 1.1590/80 zone, or dai

 

Trading Outlook for USD/JPY, Yen-crosses, AUD/USD, Gold & Others

Today, we focused on a few USD pairs along with a couple of JPY-crosses, gold; along with a few other pairs and markets. -Subscribe to DailyFX: https://www.y…

 

Have a nice trading!




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