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USD Daily Review July 2, 2018

USD Daily Review for July 2, 2018

EUR/USD Weekly Technical Outlook: Strong Euro Thesis Growing Legs

The euro held major support on third test; can it gain traction or will it be yet another false start in the week ahead?


Third Quarter Forecasts for Dollar, Euro, Oil, Equities and More

The second quarter has come to a close, and a market of volatility and uncertain trends now transitions into the latter half of 2018.


EUR/USD Rate Carves Holding Pattern Within Bearish Trend

EUR/USD may continue to consolidate over the coming days as the exchange rate appears to be stuck in a near-term holding pattern.


USD/JPY Bullish Series Faces Range Resistance

USD/JPY appears to be making another attempt to test the May-high (111.40), with the pair approaching the upper end of the near-term range.


GBPUSD: Traders Remain Long Despite Falling Price

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


US Dollar, EUR/USD, GBP/USD: Q3 Ushers in Divergent CB Themes vs USD

The second quarter saw quite a bit of change in the FX market, as previously robust trends pulled back and started to reverse as Central


Asia open: lower dollar as a foundation for today’s open – TDS

Analysts at TD Securities, (TDS), explained offered a snapshot of Friday’s closing session ahead of Asia’s open. Key Quotes: “Markets closed the wee


Mexico: Elections and USD/MXN – Nordea Markets

On Sunday, Mexicans will vote at presidential and parliamentary elections. According to Morten Lund, Research Analyst at Nordea Markets…


EUR/USD rallies on Friday to erase weekly losses

The EUR/USD rose sharply on Friday on the back of an improvement in market sentiment coming from the EU summit and amid a bearish correction of …


USD/CAD looks to close the week more than 100 pips lower near mid-1.31s

The USD/CAD, which lost more than 100 pips on Thursday, extended its losses on Thursday amid a combination of a weaker greenback and a stronger loonie


USD/BRL: Long-term prospects for BRL look brisker – Danske Bank

According to analysts from Danske Bank, the outlook for the Brazilian real is modestly positive. They see USD/BRL at 3.75 in 3M, at 3.65…


USD/JPY sticks to daily gains above mid-110s despite USD weakness

Despite the broad-based selling pressure witnessed on the USD, the USD/JPY pair preserves its daily gains and remains on track to end the week with a


GBP/USD rises further, prints fresh highs above 1.3200

The GBP/USD pair rose further during the American session on the back of a decline of the US Dollar and amid an improvement of risk appetite. It print


EUR/USD set to head lower in months ahead – Rabobank

According to analysts from Rabobank, the EUR/USD pair will drop in the months ahead based mostly on a stronger US Dollar…


EUR/USD and GBP/USD Forecast July 2, 2018

The Euro pulled back slightly during the trading session on Friday but found enough buyers underneath the turn around and push to the upside. It looks as if …


USD/JPY and AUD/USD Forecast July 2, 2018

The US dollar initially fell during the trading session on Friday but turned around the show signs of strength and we broke above the downtrend line that has…


EUR/USD: downside limited in political confusion over Seehofer’s ‘resignation’, not a done deal

EUR/USD has opened the week with bears cheering the weekend’s political news whereby the interior minister and Leader of the Christian Social Union, M


IDR Awaits CPI, Foreign Reserves. USD/PHP May Fall – ASEAN Weekly

The Indonesian Rupiah and Philippine Peso look to local inflation data, but their direction will probably be more influenced by the US Dollar. Meanwhile, USD/PHP


AUD/USD Range Trade Likely To Presage Further Falls

AUD/USD seems to have found a base but the factors which have driven it lower this year remain very much in place and seem likely


USD/JPY backs off from 1.5-month high as S&P 500 futures turn red, Asian stocks report losses

The USD/JPY is trading at 110.80, having clocked a session high of 111.06 – the highest level since May 22. The decline from 111.06 to 110.80 could b


EUR/USD recoils from Friday’s bull run ahead of the European Manufacturing PMIs

The EUR/USD is facing downside pressure for the new week, trading back from Friday’s highs and testing into 1.1650 ahead of the next European market s


GBP/USD: Daily RSI divergence seen ahead of UK manufacturing PMI release

The GBP/USD jumped 1 percent on Friday and closed above 1.32, validating the positive divergence of the 14-day relative strength index (RSI). At press


NZD/USD backing away from 0.68 as market sentiment hangs in the breeze

The NZD/USD is trading into near-term support in Monday trading, testing near 0.6770 after opening the week with a bullish gap into 0.6788. The Kiwi


EUR/USD seen weaker at 1.1200 in Q3 2018 – BAML

In its latest client note, the strategists at Bank of America Merrill Lynch (BAML) expect the EUR/USD pair to fall further in the coming quarter amid


AUD/USD: Put bias intact despite bull divergence of the daily RSI

The AUD/USD pair closed above 0.74 on Friday, confirming a bullish price-RSI divergence. However, the risk reversals retain the bearish bias. The one


USD/JPY clips the 111.00 key barrier for early Monday

The USD/JPY pair has broken the 111.00 major level early on Monday as the US Dollar continues last week’s moves against the Japanese Yen, and the USD/


AUD/USD: steady on Chinese data, traders await further key events

AUD/USD currently stands at 0.7390 having traded at a high of 0.7405 and a low of 0.7389. For the first scheduled event from the calendar for China th


GBP/USD on the defensive with UK PMI in the barrel

The GBP/USD is trading down into 1.3170 ahead of the London market session, and Brexit concerns are again coming front and center of traders’ concerns


EUR/USD extends the drop near 1.1640 ahead of Eurozone PMIs

The offered tone around the Euro is seen growing bigger in early Europe, knocking-off the EUR/USD pair below the midpoint of the 1.16 handle, as the E


USD/CAD recovering after last week’s slide past 1.3150

The USD/CAD is trading higher for Monday, lifting into 1.3170 as the US Dollar rebounds across the broader market. Friday’s Dollar sell-off looks to h


CoT Weekly Update – USD Relative Speculative Extremes Persist

Large shifts recently have several currencies at relative extremes versus the US dollar, gold too.


EURUSD Latest: Euro Under Pressure From German Fallout, Trade Wars

The single currency is likely to come under further selling pressure in the weeks ahead as German politics come to a head while US-EU trade


GBP/USD set to rebound towards the 20-DMA at 1.3274 – Commerzbank

In the view of Karen Jones, Analysts at Commerzbank, argues that the divergence of the daily RSI implies a loss of downside momentum and hence a corre


EUR/USD attempts a bounce from 1.1625 post-Eurozone PMI

The EUR/USD pair is seen making minor recovery attempts from daily lows at 1.1626, as the US dollar faded its renewed uptick versus its main competito


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