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USD Daily Review July 11, 2018

USD Daily Review for July 11, 2018

US Dollar Pullback Can Cut Both Ways: USD Price Action Setups

The US Dollar has spent most of the new quarter retracing the Q2 bullish trend. But it appears as though we’ve hit an inflection point,


Weekly Technical Perspective on the British Pound (GBP/USD)

BREXIT headlines seem to have shaken the Pound but has the outlook really changed? Here are the key price levels that matter on the GBP/USD


USD/JPY Technical Outlook: Price Rally Approaching Critical Resistance

Price is up nearly 3% off the May lows with the pair now approaching key weekly resistance. Here are the targets & invalidation levels that


USD/JPY: Net-Short Positions Rise 11.9% As Price Tests Resistance

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USDJPY-bullish contrarian trading


USD/CAD Rebound Stalls Ahead of Bank of Canada (BoC) Meeting

The recent rebound in USD/CAD appears to stalling ahead of the Bank of Canada (BoC) meeting as data prints coming out of Canada boost bets


US Dollar Strength Comes Back – But Can it Continue?

The US Dollar has seen a return of bullish price action since this week’s open, breaking the tide thats been showing since the end of


EUR/USD Triangle Remains Intact as DXY Eyes Short-term Bottom

EUR/USD triangle since mid-May has failed to yield a break to the topside, giving the DXY Index room to recover.


USD/MXN tumbles below 19.00 to lowest in 2 months

The USD/MXN pair approached the 19.30 area earlier today but then reverses sharply. It eared daily gains and broke below 19.00, reaching…


Gold steadies near $1255 as US Dollar goes into consolidation below 94

The tory ounce of the precious metal dropped to a fresh weekly low at $1247 earlier today but retraced the majority of its daily losses in the NA sess


EUR/USD: technicals are indecisive, bulls need a close above 50-D SMA to target 1.1853/55

EUR/USD has been up to 1.1769 in NY trade, extending the rise from 1.1508 and through the descending 50-D SMA at 1.1736, albeit lacking conviction as


AUD/USD: eyes on the 50-D SMA, 0.7493

AUD/USD has been consolidating above the descending channel’s prior resistance and between the 50 and 21-D SMAs. The pair has recovered from the Asian


Buy USD/CAD, target 1.3500 – TDS

Analysts at TD Securities, (TDS), said that they have entered a long USD/CAD position (spot ref: 1.3115) in their FX Model Portfolio with a target of


An unauthorized copy of an investing bible that Wall Streeters pay thousands of dollars for was up for grabs on Kindle for $9.99

A Kindle copy of “Margin of Safety,” written by the billionaire value investor and hedge fund manager Seth Klarman, briefly sold for $9.99. Hard copies of the out-of-print book, which is considered a bible of value investing, sell for thousands of dollars.


Alphabet stock dips after report of another multibillion-dollar EU antitrust fine

Alphabet Inc. GOOGL, -0.01% GOOG, -0.10% shares dipped slightly in Tuesday’s session after a report that the European Union’s antitrust division is pr


US Dollar Pullback Can Cut Both Ways: USD Price Action Setups

The article accompanying this webinar can be found at the following link:…


Forex: Top FX Headlines: EUR/USD Triangle Remains Intact as DXY Eyes Short-term Bottom: 7/10/18

– GBP/USD remains in its two-month descending channel as UK PM May looks to weather the recent resignations from her cabinet. – EUR/USD triangle since mid-Ma…


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

The Euro fell initially during the trading session on Tuesday but found enough support near the 1.17 level to turn around of form a hammer. The 50 day EMA lo…


NZD/USD: bulls losing grip below the 21-D SMA

NZD/USD is currently trading at 0.6820 with a high of 0.6842 overnight made in NY, being hit up upon fresh trade war angst headlines that are hurting


AUD/USD loses sight of 0.75 as trade fears return

The AUD/USD is sharply lower heading into Wednesday’s Asia trading session, knocking back into 0.7425 on the back of headlines that the US is again ra


USD/JPY back below the 111 handle on fresh trade war angst

USD/JPY is losing the 111 handle in early Asia on the back of trade war noise whereby the Trump administration is reportedly planning to publish a lis


Australian Dollar Under Pressure Despite Upbeat Westpac Confidence

The Australian Dollar remains under pressure as upbeat local Westpac confidence data was overshadowed by trade war fears. AUD may fall to 2017 support on


AUD/USD Review: Pair grinding into 0.74 as trade tensions grip global markets

The AUD/USD is steadily driving towards the 0.7400 level heading through the Asia trading window after headlines that the US is seeking further tariff


USD/CNH Technical Analysis: Falling wedge breakout, eyes recent highs

Hourly chart Spot Rate: 6.6809 Daily High: 6.6916 Daily Low: 6.6455 Trend: Bullish Resistance R1: 6.6916 (session high) R2: 6.72 (May 2017 lo


EUR/USD: Flirting with confluence of key MAs ahead of Draghi speech

Currently, the EUR/USD is reporting moderate losses around 1.1728 (confluence of 5-day MA and 50-day MA). The currency pair was dragged lower by the


GBP/USD circling 1.3250, churning on Brexit concerns, revamped trade concerns

The GBP/USD is cycling around 1.3250 through the week’s action, with Tuesday contracting into an inside day after Monday’s bearish push following the


USD/JPY fades the drop to 110.77, reports gains despite risk-off sentiment

Currently, the USD/JPY pair is better bid above 111.00, having hit a low of 110.77 earlier today. The anti-risk JPY had picked up a bid in early Asia


AUD/USD Technical Analysis: Corrective rally loses momentum

Hourly chart Spot Rate: 0.7425 Daily High: 0.7459 Daily Low: 0.7407 Trend: Bearish Resistance R1: 0.7484 (July 10 high) R2: 0.7494 (50% Fib R


AUD/USD Review: improving indicators see the AUD take a breather from trade fear sell-off

The AUD/USD is catching some minor lift following a better-than-expected Westpac Confidence Survey, and the pair is trying to build a floor from 0.742


USD/JPY: retains a bullish stance despite losing the 111 handle

USD/JPY is holding its own below the 111 handle and is in a bullish position, edging its way up the chart of late and penetrating the 111 handle makin


EUR/USD sidelined around 1.1730 amidst risk-off trade

The selling bias prevails around the European currency on Wednesday and is now motivating EUR/USD to extend the sideline theme in the low-1.1700s. EU


GBP/USD Review: Inside day as the Sterling loses momentum on renewed Brexit fears

The GBP/USD is trading steadily ahead of Wednesday’s London market session, sticking close to 1.3250 after marking an inside day for Tuesday. This we


GBP/USD risk reversals hit 13-month low, show strong demand for Puts

The GBP/USD one month 25 delta risk reversals fell to -0.90 yesterday – the lowest level since June 14, 2017. The negative number indicates the impli


GBPUSD In Focus Ahead of Keynote Speech by Carney

Bank of England Governor Mark Carney could determine the future direction of GBPUSD today when he speaks at a conference on the global financial crisis.


AUDUSD Bears Eye 2018 Lows Amid Escalating US-China Trade War

AUDUSD Bears Eye 2018 Lows Amid Escalating US-China Trade War


US Dollar, Gold, JPY; Unfazed by US-China Trade War Escalation

US President Donald Trump upped the ante in the ongoing US-China trade war by announcing an additional USD200 billion worth of tariffs on Chinese goods,


EUR/USD breaks lower to test 1.1700 on resurgent US dollar demand

EUR/USD failed once again at higher levels and reversed nearly 30-pips to test the demand zone near the 1.1700 levels, as the US dollar catches fresh


US Dollar flirts with session highs near 94.30

The greenback, in terms of the US Dollar Index, is sticking to the positive territory for the time being and is hovering over the 94.30 region, or da


Trading Outlook for EUR/USD, USD/JPY, CHF/JPY, Gold Price, DAX & More

Today, we looked at a few USD charts, but with only interest on a couple; CHF/JPY is readying for a move, gold could be posting a higher low soon, while the …


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