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USD Daily Review February 6, 2018

USD Daily Review for February 6, 2018

Weekly Technical Perspective on AUD/USD, USD/CAD, AUD/NZD and Bitcoin

A broader technical picture offers perspective on price with respect to trend. Here are the updated targets & invalidation levels that matter on the weekly


GBP/USD Back to 1.4000 as Super Thursday Looms Large

This Thursday brings the first Super Thursday since the BoE’s rate hike, which was the first in a decade. But, with inflation remaining brisk, will


USD/CHF Runs into Fibonacci Resistance After Test of Two-Year Support

While much of the FX market’s attention is fixated on EUR/USD, perhaps a cleaner but related move has developed in the U.S. Dollar against the


USD/JPY Rebound Remains in Play Following Above-Forecast ISM Survey

USD/JPY appears to be regaining its footing as the ISM Non-Manufacturing survey unexpectedly climbs to 59.9 from a revised 56.0 in December.


Dollar Unfazed by Highest Non-Manfucturing Reading Since 2005

Despite recording the 102nd month of consecutive growth, the US non-manufacturing index was not enough to push the dollar higher.


US Yields, VIX Rise as Equities Take a Hit: USD Range-Bound

Last week ended on a sour note for equities, and that weakness appears to have seeped into this week. A rather full economic docket should


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

The EUR gap lower at the open on Monday, turned around to fill that gap, and has rolled over to show signs of exhaustion. It looks as if the US dollar is try…


USD/JPY and NZD/USD Forecast February 6, 2018

The US dollar has fallen significantly against the Japanese yen on Monday, reaching down towards the 109 handle. It looks as if there could be a bit of suppo…


AUD/USD Risks Further Losses with RBA Expected to Stay on Hold

The Reserve Bank of Australia (RBA) rate decision may fuel the recent series of lower highs & lows in AUD/USD should the central bank merely


Elliott Wave Webinar: USD Index May Need to Hold Its Breath Once More

The weakness in USD Index may have one more dip coming when analyzing through Elliott Wave Theory. After this dip, USD Index may stage its


Australian Dollar Shrugs Off RBA After Breakneck Volatility

The Australian Dollar showed a relatively tame response to a status-quo RBA policy announcement having plunged amid market-wide risk aversion earlier.


NZD/USD Technical Analysis: Aiming to Test Below 0.72 Figure

The New Zealand Dollar turned lower as expected, breaking the rising trend guiding the currency higher against its US counterpart since early December.


Selling Turns Panicked for US Equities, VIX Soars and Dollar Readies

Markets were already carrying forward the pain from the past week with global indices awash in red while other assets higher up the risk curve


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