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USD Daily Review July 3, 2018

USD Daily Review for July 3, 2018

Bullish USD/JPY Sequence Keeps March-High on Radar

USD/JPY appears to be making another run at the March-high (111.40) as it extends the series of higher highs & lows from the previous week.

 

EUR/USD: Testing Support As Retail Remains Long

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

 

US Dollar Trying to Shake the Bears But Patterns Point to EURUSD Rally

Using Elliott Wave Theory our analysis for EURUSD and US Dollar Index points towards shorter-term USD weak moves to retrace a portion of the 2018

 

Weekly Technical Perspective on the US Dollar (DXY)

The US Dollar has failed to breach resistance for the past five weeks. Here are the targets & invalidation levels that matter on the DXY

 

NZD/USD Rate Risks Further Losses as Oversold Signal Persists

Recent price action keeps the downside targets on the radar for NZD/USD especially as the Relative Strength Index (RSI) pushes deeper into oversold territory.

 

US AM Digest: USD Acts as Safe Haven, EUR Down on German Politics

US AM Digest: USD Acts as Safe Haven, EUR Down on German Politics

 

UK Market Look Ahead: FTSE, GBPUSD, EURGBP | Webinar

Bank of England governor Mark Carney will speak on Thursday ahead of a potentially fractious Brexit meeting at Chequers on Friday.

 

EUR/USD short squeeze underway as EU politics back on line, (compromise migration agreement reached)

EUR/USD bulls pile in a short squeeze under way onGerman Chancellor Merkel and Interior Minister Seehofer reaching a compromise agreement. A brea

 

USD/JPY: last minute attempt from the bulls with eyes on 111 handle again

Despite the sell-off in global stocks, USD/JPY has been in chop between the European lows of 110.60 and the Asian, overnight, highs of 111.06 with bul

 

USD/JPY upside bias intact but limited by 111.00

The USD/JPY pair is rising for the fifth consecutive day but still remains unable to extend the move above 111.00. The greenback is among the top perf

 

US Dollar Index consolidates daily gains below 95

After starting the week with a bullish gap, the US Dollar Index, which tracks the greenback against a basket of six currencies, extended its upside to

 




USD/MXN climbs above 20.00 after elections

The Mexican peso is falling against the US Dollar after the victory of AMLO. The left candidate won by a wide margin and also secured…

 

EUR/USD: bulls eye the 1.17 handle on a squeeze on built up short positioning, but plenty of political risk to play out yet

On lighter desks ahead of the independence day holidays, EUR/USD has been on the backfoot at the start of this week following Germany’s interior minis

 

USD/CAD advances to session tops above 1.32, struggles to push higher as oil recovers

The USD/CAD pair broke above the 1.32 mark in the early trading hours of the NA session and touched a new session top at 1.3225 as the upbeat PMI data

 

NZD/USD: the worst performer and downside targets are set on 0.6675

The dollar is the strongest currency out there today so far, underpinned by US data, (US June ISM manufacturing index 60.2 vs 58.5 expected, Markit US

 

AUD/USD bulls sent packing, a break of 0.73 the figure on the cards

AUD/USD has been sent packing to the depths of the 0.73 handle in an extension of the downside from yesterday’s closing highs in NY at 0.7409. AUD/USD

 

GBP/USD remains weak below 1.3150

The GBP/USD pair remains in negative territory for the day and near YTD lows on a stronger US Dollar across the board and amid risk…

 

USD/JPY and AUD/USD Forecast July 3, 2018

The US dollar initially fell during trading on Monday against the Japanese yen but has found a bit of support based upon the previous downtrend line which is…

 

AUD/USD Technical Analysis: Ready for a Bounce to Channel Top?

Ahead of the RBA rate decision, AUD/USD is struggling to get a daily close below 2017 support. The pair may turn higher ahead and test

 

Wait-and-See RBA Policy to Keep AUD/USD Rate Under Pressure

The Reserve Bank of Australia (RBA) meeting may keep AUD/USD under pressure as the central bank is expected to keep the official cash rate (OCR)

 

AUD/USD sees little action as RBA sticks to the script

The AUD/USD remains mildly bid around 0.7340, having defended 0.7327 (61.8% Fib R of Jan 2016 low – Jan 2018 high) yesterday. The currency pair is se

 

USD/JPY fades spike above 111.00, treasury yield curve flattest since 2007

The USD/JPY pair failed to scale the long-term falling trend line, likely due to flattening of the Treasury yield curve. As of writing, the currency

 

GBP/USD close to the 1.31 barrier with a thin Tuesday on the docket

The GBP/USD pairing is trading near 1.3130 ahead of Tuesday’s London market session after a day of declines on Monday. The Sterling saw little in the

 




EUR/USD: Last week’s indecisive market makes this week’s close pivotal

The EUR/USD pair created a doji candle last week, signaling indecision in the marketplace and this week’s close will likely set the tone for the next

 

USD/CNY: Yuan breaches 6.7 for the first time in nearly a year

The Yuan extends its downward spiral and broke the key 6.70 support area versus its American rival for the first time since September 2017, now recove

 

NZD/USD Technical Analysis: Flirting with double bottom bullish breakout

15-min chart Spot Rate: 0.6715 Daily High: 0.6718 Daily Low: 0.6688 Trend: Bullish above 0.6717 Resistance R1: 0.6717 (double bottom neckline)

 

When is the RBA rate decision, and how could it affect the AUD/USD?

RBA Rate Decision overview The Reserve Bank of Australia’s (RBA) latest rate decision, due today at 04:30 GMT, is widely expected to see the central

 

USD/CHF: A break 1.0000 targets 1.0057 – Commerzbank

Karen Jones, Analysts at Commerzbank, notes that the USD/CHF pair holds its near-term uptrend, but needs a break above 1.0000 for further upside. Key

 

EUR/USD sees 1.1650 ahead of a thin Tuesday

The EUR/USD is trading into 1.1650 ahead of Tuesday’s European markets, and market sentiment continues to twist in the new week. The Euro capitulated

 

GBP/USD extends recovery towards 1.3150 ahead of UK PMI

The GBP/USD pair is seen extending its recovery mode on the 1.31 handle, as we head towards the European opening bells, but the renewed upside may soo

 

USD/CNH Technical Analysis: Offshore Yuan has hit most oversold levels since 2015

Daily chart Spot Rate: 6.7241 Daily HIgh: 6.7329 Daily Low: 6.6795 Trend: Overbought, pullback likely (Yuan oversold) Resistance R1: 6.7573 (J

 

EUR/USD reverses quickly to 1.1650 post-Eurozone data

The EUR/USD pair extended its break higher in the European session and hit daily highs at 1.1673 before reversing 20-pips rapidly, following the relea

 

Have a nice trading!




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