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USD Daily Review July 10, 2018

USD Daily Review for July 10, 2018

US Dollar May Be Set For Strong Rebound after Four Days of Declines

After being offered on the back of NFP and Trade War rhetoric, the US Dollar may have found support. Now, traders should watch the follow

 

AUD/USD Technical Outlook: Trading the Aussie Price Recovery

AUD/USD rebounded off key support last week with price up more than 3.2% off the yearly low. Here are the targets & invalidation levels that

 

EUR/USD: Retail Traders Reduce Net-Long Positions As Euro Strengthens

The combination of current sentiment and recent changes gives us a further mixed EURUSD trading bias.

 

USD/JPY Outlook Hinges on Fed Chairman Powell Testimony

Fresh comments from Fed officials may sway the near-term outlook for USD/JPY as the central bank appears to be on course to implement additional rate-hikes

 

US AM Digest: GBP Gains Survive For Now, USD Drop Continues

US AM Digest: GBP Gains Survive For Now, USD Drop Continues

 

US Dollar Continues Q3 Slump While EUR/USD, Stocks Jump After NFP

The US Dollar’s Q3 pullback is continuing into a second week, and this comes alongside a bump-higher in global stocks along with risk currencies such

 

USD/JPY: headed for a break to 161.8% of May low & 76.4% of the May drop

USD/JPY is up to test the descending channel’s resistance at 110.90 with a bid from the lows of 110.34, supported by the 21-D SMA. USD/JPY is now test

 

GBP/USD recovers above mid-1.32s as confidence vote fears ease

The GBP/USD pair fluctuated wildly on Monday as investors continued to react to political developments in the U.K. After advancing to its highest leve

 

EUR/USD: bulls tire and daily cloud base, (1.1737), under threat

EUR/USD gave up the pre-North America games falling below the 21-hr SMA at 1.760, where previously, EUR/USD has made a London session high of 1.1790.

 

USD/CAD recovers above 1.31 as US Dollar approaches 94

The USD/CAD pair spent the first half of the day moving sideways in a tight 20 pip range below the 1.31 mark amid a lack of fresh fundamental catalyst

 

Dollar to go lower over the medium to long term – JP Morgan

Analysts at JP Morgan Historically explained that there has been an inverse relationship between commodity prices and the U.S. dollar, as commodities

 




EUR/USD and GBP/USD Forecast July 10, 2018

The EUR/USD pair has gone back and forth during the trading session on Monday, showing signs of volatility around the 1.1750 level. However, we are not at th…

 

Post-NFP EUR/USD Breakout Eyes June High

EUR/USD appears to be on track to extend the advance from earlier this month as it carves a fresh series of higher highs & lows.

 

AUD/USD Stages Larger Rebound While Retail Shorts Jump 32%

AUD/USD appears to be on the cusp of a larger recovery as the exchange rate breaks out of its recent range and carves a fresh

 

US Dollar Weakens But Not Enough to Complete the Wave

Using Elliott Wave Theory our analysis for US Dollar Index and EURUSD hints at additional USD weakness. Nasdaq bearish patterns suggest a turn would need

 

AUD/USD looking to reclaim 0.75 as bullish tone solidifies

The AUD/USD is trading near 0.7460 heading through the overnight session after lifting to a high of 0.7483 on Monday. The Aussie appears to be running

 

NZD/USD: turning away from 21-D SMA and testing key support line

NZD/USD has been consolidating above the descending the prior channel’s resistance and above the 4hr 100 & 10 SMA at 0.6830 and 0.6838 but remains bel

 

The USD was mixed against G10 FX on Monday – TDS

Analysts at TD Securities, (TDS), the markets opened the week on a positive note. Key Quotes: “Markets opened the week on a positive note with North

 

NZD/USD Focuses on Risk Trends After Credit Spending Data

The New Zealand Dollar was positively impacted by risk trends rather than better-than-expected local credit spending data which offered little to RBNZ policy bets.

 

Australian Dollar Inches Lower After Business Confidence, China CPI

The Australian Dollar weakened very slightly following the release of business confidence data, which, although far from gloomy, showed that retail continues to struggle

 

Dollar and S&P 500 Stable Despite Trade Wars, Pound Up-Ended by Political Risk

Despite the US-China trade war, risk assets such as the S&P 500 rose on Monday. On the other hand, Sterling fell due to political risk

 

EUR/USD risk reversals hit one-month high

The EUR/USD one-month 25 delta risk reversals (EUR1MRR) rose to a one-month high of -0.6 vs. the recent low of -1.1 seen on June 19. The rise from -1

 

USD/JPY Review: Dollar-Yen pair seeing gains, claiming the 111.00 barrier

The USD/JPY is climbing into 110.10 as the US Dollar recovers across the broader market, grinding higher against the majority of G10 currencies in Tue

 




AUD/USD Technical Levels: Potential double top bearish reversal on hourly chart

Hourly chart Spot Rate: 0.7475 Daily High: 0.7484 Daily Low: 0.7460 Trend: Bearish below 0.7456 Resistance R1: 0.7495 (50-day moving average)

 

GBP/USD staggering near 1.32 ahead of the UK’s first-ever monthly GDP reading

The GBP/USD is trading down near 1.3240 ahead of Tuesday’s London market session, and the Sterling continues to be plagued by Brexit concerns. Prime

 

EUR/USD: Above 50-day MA, holds rising trendline ahead of German ZEW survey release

The EUR/USD closed above the 50-day moving average (MA) for the first time since April 19 and traded flat-lined around 1.1750 in Asia. The post-payro

 

USD/CAD Technical Levels: Pullback over

15-minute chart Hourly chart Spot Rate: 1.3110 Daily High:.3117 Daily Low: 1.101 Trend: Bullish Resistance R1: 1.3123 (100-hour MA) R2: 1.

 

NZD/USD: flirting with key resistance

The NZD/USD is mildly bid in Asia and is looking to scale the key resistance at 0.6851 (May 16 low) in a convincing manner. A daily close above the k

 

GBP/USD Review: Brexit concerns continue to edge higher ahead of UK’s first monthly GDP

The GBP/USD pairing is weakening further heading into Tuesday’s London market session, touching into 1.3230. Brexit concerns are once again at the fo

 

EUR/USD probing session lows near 1.1740 ahead of German ZEW

After testing the vicinity of the 1.1800 key barrier at the beginning of the week, EUR/USD appears to have lost some upside momentum and has returned

 

AUD/USD Review: Greenback bounce capping off the Aussie’s rise

The AUD/USD is sifting backwards into 0.7460 after climbing through the early Asia session, marking in a high of 0.7483, but a rebound in the Dollar i

 

GBPUSD Price Recovery Likely as UK Political Fears Subside

The British Pound is rallying after falling on the shock resignation of two senior UK government ministers over Brexit, and its bounce will likely continue.

 

EUR/USD drops to session lows near 1.1720 on ZEW

The shared currency remains on the defensive on Tuesday and is now dragging EUR/USD to the 1.1720/10 band, or fresh session lows. EUR/USD weaker post

 

Have a nice trading!




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