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USD Daily Review January 31, 2017

USD Daily Review for January 31, 2017

GLOBAL MARKETS-Trump travel curbs weaken stocks, dollar vs yen

(Adds oil settlement prices)* U.S. stocks retreat as Trump orders spark concern overagenda* Dollar dips vs yen as investors react to Trump t

 

Dollar drops vs. yen as investors react to Trump executive actions

The dollar fell more than 1 percent against the Japanese yen on Monday following a weekend of negative headlines relating to U.S. President Donald Trump’s executive orders on immigration.

 

GLOBAL MARKETS-Trump travel curbs weaken stocks, dollar vs yen

* U.S. stocks retreat as Trump orders spark concern overagenda* Dollar dips vs yen as investors react to Trump travel ban* Gold edges higher

 

FOREX-Dollar drops vs yen as investors react to Trump travel ban

* Dollar falls 1 pct vs yen as investors seek safe haven* Trump immigration actions prompt risk-off trade* Mexican peso hits highest level of

 

GLOBAL MARKETS-Trump travel curbs weaken stocks, dollar vs yen

(Adds U.S. market opening, byline, dateline; previous LONDON)* U.S. stocks sell off as Trump orders spark concern overagenda* Dollar dips vs

 

EUR/USD: Poor Performance Of Shorts To Stay For Some More Weeks – Barclays

US policy uncertainty and Fed-ECB monetary policy divergence are likely to continue alternating as drivers of the EURUSD in the short term.This week, the FOMC meeting could remind markets that risks are titled in the long-run towards a stronger dollar, through the possibility of more rate hikes, but the White House unpredictability has led investor

 

BoJ On Hold But It’s Now Just A ‘Secondary Engine’ For USD/JPY – Deutsche Bank

We think the BoJ will likely decide to maintain current policy tomorrow. Japan’s economy is improving gradually, and share prices and the USD/JPY have also recovered much of the ground lost during Trump trading. We think the BoJ will be able to generate bull pressure on the USD/JPY if it continues to cap growth in long-term JGB yields unde

 

EUR/USD, GBP/USD: Looking For Attractive Levels To Add To USD Longs – TD

We recently revised our Fed call, looking for two hikes this year and three next year but don’t expect this week’s meeting to be market moving. This could favor a bit more range trading in the early half of the week but like buying into the USD pullbacks.This leaves us looking for attractive levels to add fresh longs in the USD.&nb

 

NZD: 5% Overvalued Vs USD, Between 5% to 10% Overvalued Vs AUD – BTMU

The New Zealand dollar stands out alongside the US dollar as one of the most overvalued G10 currencies according to our long-term model framework.We estimate that it is currently around 5% overvalued relative to the US dollar, and between 5% and 10% overvalued against the Australian dollar.It supports our outlook that there is limited further upsid

 

EUR/USD, USD/JPY: Wrong To Read Too Much Into ‘Micro-Gyration’ – SocGen

The US President’s isolationist policies are more likely to be inflationary than anything else and it’s easier to see that affecting sentiment in the Treasury market than the FX market in the first instance. As the week progresses, economic data are likely to be what markets look at, as opposed to the political headlines. And there

 

Citi Trade Of The Week: Sell GBP/USD

Currency investors should consider selling GBP/USD this week, advises CitiFX in its weekly FX pick to clients.Sell at 1.2548, target 1.2310, stop loss 1.2685,” Citi advises. *Citi weekly trades provide short term guidance on where they see 1-2 week opportunities in G10 FX markets. Unless Citi explicitly extends them, they will be clo

 




Australian Dollar Outlook Improves as Crowd Changes Direction

Why and how do we use the SSI in trading? View our video and download the free trading guide here AUDUSD – The ratio of long to short positions in th

 

US Dollar Turns to a Sell versus the Japanese Yen

Why and how do we use the SSI in trading? View our video and download the free trading guide here USDJPY – The ratio of long to short positions in th

 

The Crowd Continues to Sell EUR/USD; We Remain Bullish

Why and how do we use the SSI in trading? View our video and download the free trading guide here EURUSD – The ratio of long to short positions in th

 

EUR/USD Carves Bearish Harami (Inside-Day), RSI Tracks 2015 Trend

EUR/USD stands at risk for further losses as it carves a bearish harami (inside-day) candle going into the end of the month.

 

Trump travel curbs slam stocks, hit dollar vs. yen

Major world equity markets fell on Monday and the dollar slipped against the safe-haven yen after new U.S. immigration curbs stirred concerns about the impact of U.S. President Donald Trump’s policies on global trade and the economy.

 

EUR/USD Trades Lower on German CPI Data

The EUR/USD has opened Monday’s trading lower, after German CPI figures were released under expectations. EUR German CPI (YoY) (JAN P) was expected at

 

EUR/USD Slips Lower on German Inflation Uptick

Another rise in German inflation is set to spark more discussions over the suitability of the ‘one-size fits all’ ECB monetary policy.

 

Weekly Strategy Webinar: Dollar Crosses Brace for Key Event Risk

https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/scalping_report/2017/01/30/Forex-Weekly-Strategy-Webinar-Dollar-Crosses-Brace-for-Key-E…

 

AUD/USD: A Triangle Sideway above 0.7500

Elizabeth Belugina, the leading analyst at FBS, will provide technical and fundamental analysis for the main currency pairs and commodities and share her tra…

 

USD/JPY: Will depend on data, and good support at 112.30

Elizabeth Belugina, the leading analyst at FBS, will provide technical and fundamental analysis for the main currency pairs and commodities and share her tra…

 

GBP/USD: Best support area at 1.2430

Elizabeth Belugina, the leading analyst at FBS, will provide technical and fundamental analysis for the main currency pairs and commodities and share her tra…

 

EUR/USD: Spining top on weekly chart assign uncertainty

Elizabeth Belugina, the leading analyst at FBS, will provide technical and fundamental analysis for the main currency pairs and commodities and share her tra…

 




USD/JPY and AUD/USD Forecast January 31, 2017

The USD/JPY pair fell during the day on Monday, as the 115 level has offered quite a bit of resistance. With this, the market should then reach down towards …

 

EUR/USD and GBP/USD Forecast January 31, 2017

The EUR/USD pair broke down significantly at the open on Monday, but found enough support underneath the 50-day exponential moving average to turn things aro…

 

Trade of the week: short EUR/USD 30 January 2017

IG chief market analyst Chris Beauchamp has chosen to short the most traded currency pair with confidence that the US dollar will reignite its impressive 201…

 

EM ASIA FX-Asian currencies firmer as Trump policy worries dent dollar

(Adds text, updates prices) * Most Asian currencies edge higher against the dollar * Baht hits highest since Nov. 10 as exporters sell dollars

 

Dollar slips amid Trump’s hardening policy defence, yen benefits

The dollar slipped against the yen on Tuesday, as the Japanese currency benefited from its safe-haven status, with the appetite for risk curbed by U.S. President Donald Trump’s hardening defence over his immigration policies.

 

Asian shares rattled by Trump policy worries, dollar soft

Asian shares slipped on Tuesday as stringent curbs on travel to the U.S. ordered by President Donald Trump brought home to investors that he is serious about putting his controversial campaign pledges into action.

 

FOREX-Dollar wobbles on Trump woes, yen benefits from risk aversion

* Dollar/yen extends loss after dropping more than 1 pctovernight* BOJ meeting drawing less attention as Trump dominatesheadlines* Market s

 

Tech Targets: EUR/USD, USD/JPY, AUD/USD, NZD/USD – UOB

EUR/USD: Neutral: In a 1.0600/1.0800 range.EUR dipped briefly to a low of 1.0617 yesterday but rebounded quickly. Indicators are mostly neutral which suggest further broad sideway consolidation in the coming days, likely within a 1.0600/1.0800 range.AUD/USD: Neutral: In a 0.7480/0.7630 range.The current movement in AUD is deemed as a sideways conso

 

GBP/USD Whipsaws After UK Consumer, Business Confidence Data

The British Pound fell slightly before correcting higher following a mixed set of consumer and business confidence figures from GfK and Lloyds Bank.

 

Black market naira at 499 per dollar, 39 percent discount on Nigeria rate

Nigeria’s naira was quoted as lowas 499 to the dollar on the black market on Tuesday, 39 percentweaker than on the official market, where the central bank hasbeen selling the greenback to support the local currency.

 

Rethink on Trump hits dollar and world stocks

The U.S. dollar headed for its worst start to a year since 2008 on Tuesday while world stock losses, already the biggest in six weeks, grew after widespread protests against President Donald Trump’s stringent curbs on travel to the United States.

 

Trump dooms dollar to worst January since 2008

The dollar was on course for its worst start to a year since 2008 on Tuesday as concerns over the broader shape of policy under President Trump outweighed the expectations of higher U.S. inflation which dominated the end of last year.

 




Dollar nervous as Trump defends immigration ban

The dollar fell against the yen on Tuesday, as the Japanese currency was boosted by its safe-haven status, as appetite for risk curbed by U.S. President Donald Trump’s hardening defence over his immigration policies.

 

Forex: Top FX Headlines: US Dollar Hanging on by a Thread – What’s Next?: 1/31/17

– JPY-crosses (AUD/JPY, NZD/JPY, USD/JPY) remain in consolidation patterns; patience required. – DXY Index breakdown heavily contingent on EUR/USD price action.

 

Have a nice trading!




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