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USD Daily Review January 11, 2018

USD Daily Review for January 11, 2018


EUR/USD: Neutral (since 09 Jan 18, 1.1965): In a 1.1870/1.2050 range.We just turned neutral on EUR yesterday and there is no change to the view (see update here). As highlighted, improved shorter-term downward momentum suggests immediate downward pressure but we continue to view any weakness as part of a broader 1.1870/1.2050 consolidation range an


China Sinks the Dollar, Trump Hits CAD and BoJ the S&P 500

This past session, the S&P 500 posted its first day-over-day loss in seven sessions – so the first decline of 2018. This misstep was not


EUR/USD Rate Outlook: Bullish RSI Formation Curbs Risk for Double-Top

Recent price action curbs the risk for a double-top in EUR/USD as the Relative Strength Index (RSI) extends the bullish formation carried over from late-2017.


GBP/USD Monthly Range-Break Appears Imminent

The British Pound looks vulnerable as price carves the January opening range just below the 2017 highs. Here are the updated targets & invalidation


USD/JPY Rate Snaps 2018 Opening Range; November-Low on the Radar

USD/JPY may continue to give back the rebound from late last year as the pair snaps the opening range for 2018.


Why Impact on USD of Surge in Treasury Yields Might be Limited

Treasury note yields jumped Wednesday on a report that China may halt its purchases of US Government debt. However, the effect on USD may be


DailyFX US AM Digest: US Dollar Back Near Yearly Lows

In tandem, bonds, stocks, and the US Dollar are all falling.


Dollar Drops on Reports that China May Slow or Halt Treasury Purchases

The U.S. Dollar has wiped away post-NFP gains after a report began to circulate indicating that China may be further scale back purchases of U.S.


Dollar Shrugs Off Mixed Import Prices and Declining Export Prices

2017 marked the largest calendar-year increase for import and export prices in six years.


Technical Analysis for USD/JPY, Euro & GBP Crosses, Gold & More

Today, we looked at specific set-ups in a couple of major USD-pairs, but spent most of the time on EUR & GBP cross-rates; also peeked


The Canadian dollar and Mexican peso are getting whacked after report says Canada is convinced Trump will pull the US out of NAFTA

Both currencies are down about 0.9% versus the US dollar.


Dollar strengthens against peso, loonie on report that Trump will announce pullout of Nafta

The U.S. dollar spiked against its Canadian counterpart USDCAD, -0.0399% and the Mexican peso USDMXN, -0.0259% on a Reuters report that Canada is incr


Forex: Top FX Headlines: USD Dunks on Early Signs of Another ‘Taper Tantrum’: 1/10/18

– US Dollar selling off – alongside US Treasuries and US equities – as report shows Chinese government considering slowing or halting purchases of US debt. -…


USD/JPY and AUD/USD Forecast January 11, 2018

The US dollar fell significantly against the Japanese yen during the trading session on Wednesday, slicing through an uptrend line, breaking down below the b…


EUR/USD and GBP/USD Forecast January 11, 2018

The EUR/USD pair rallied significantly during the trading session on Wednesday, slicing through the 1.20 level at one point. However, we get back quite a bit…


USD Steadies, US Treasury Yields Fall as China Denies Policy Change

The US Dollar has stabilized and US Treasury yields are easing Thursday after China denied a report that it is halting or cutting its purchases


NZD/USD Technical Analysis: False Breakout Below 0.73 Figure?

The New Zealand Dollar appears poised to continue building higher against its US namesake after breaking resistance capping prices since late July 2017.


Have a nice trading!

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