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USD Daily Review January 3, 2018

USD Daily Review for January 3, 2018

Dollar hits 3-month low to start 2018

The U.S. dollar slid to a 3-month low on Tuesday to start 2018 as expectations dimmed on the impact of the U.S. tax reform. The drop also continued the trend of a weaker dollar affected by other currencies rallying in 2017.

 

EUR/USD: ‘Embrace The Strong EUR’ In 2018 Ahead Of Next Major Catalyst – ING

ING FX Strategy Research discusses the EUR outlook in 2018 and maintains a strong bullish bias on EUR/USD targeting a move towards 1.25.”Our message to investors in 2018 is to embrace the strong euro; the next major catalyst for a move higher will be when markets position for higher ECB deposit rats – and this story could see EUR/USD rallying

 

Japanese Yen Could Rally Against the Dollar

The combination of current sentiment and recent changes gives us a stronger USDJPY-bearish contrarian trading bias.

 

EUR/USD Rate Outlook Supported by Bullish RSI Behavior

EUR/USD may continue to exhibit a bullish behavior as the RSI appears to be pushing into overbought territory for the first time since the summer

 

DailyFX US AM Digest: US Dollar Starts 2018 the Way it Ended 2017

The first trading day of 2018 is off to a poor start for the US Dollar.

 

Peter Thiel’s Founders Fund made a bet on bitcoin that’s now worth hundreds of millions of dollars

News of the firm’s investments sent bitcoin prices up 12% on Tuesday.

 

McDonald’s is top restaurant pick at Instinet on fresh beef, Dollar Menu, Subway troubles

McDonald’s Corp. MCD, +0.64% is Instinet analysts’ top U.S. restaurant pick for 2018 based on the rollout of fresh beef; the new Dollar Menu with $1,

 

Dow opens up more than 100 points as dollar sinks

The Dow Jones Industrial Averaged on Tuesday traded more than 100 points as Wall Street looked to kick off 2018 on solid footing. The Dow DJIA, +0.42%

 

USD/JPY and AUD/USD Forecast January 3

The US dollar fell significantly during the trading session on Tuesday, reaching down to the 112 level. This is an area that has been supportive several time…

 

EUR/USD and GBP/USD Forecast January 3

The EUR/USD pair gapped higher at the open on Tuesday, slicing through the 1.20 level as traders have returned from the holidays. It looks as if the market i…

 

Japanese Yen Technical Analysis: USD/JPY Weakness Not Yet Proven

The Japanese Yen is benefitting from general US Dollar weakness as a new year gets under way. USD/JPY could be set for more falls but

 




Asia AM Digest: US Dollar on the Defensive as 2018 Gets Underway

The US Dollar fell as 2018 got underway, losing ground against all of its major currency counterparts. The move may not reflect lasting forces however.

 

GBP/USD Continues to Move Higher, Brexit Levels in View

A combination of a strong British and a weak US dollar has seen GBP/USD rally back to levels last seen 18 months ago and client

 

Lackluster ISM Manufacturing Survey to Fuel EUR/USD Rally

Another batch of mixed U.S. data prints may fuel the near-term rally in EUR/USD as it dampens bets for an imminent Fed rate-hike.

 

Have a nice trading!




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