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USD Daily Review July 9, 2018

USD Daily Review for July 9, 2018

Weekly Trading Forecast: US and China Ensure Trade Wars, Dollar and Pound Look for Guidance

Risk trends have yet to turn septic despite the material step higher in trade wars.


Dollar Starts to Lose Traction as China Trade War Takes Effect, Next the World?

The Dollar took a notable spill to close out this past week as employment data came in close to expectations, local capital markets (like the


EUR/USD Weekly Technical Forecast: Euro Recovery Gathers Pace

EUR/USD Weekly Technical Forecast: Euro Recovery Gathers Pace


GBP/USD: Cable Opens Q3 on a Bright Note, but Brexit Risks Loom Large

Traders are going to want to be careful with exposure in the British Pound this weekend as we encounter another batch of Brexit risk. If


EUR/USD Breaks Out of Holding Pattern on Lackluster U.S. NFP Report

EUR/USD stands at risk of staging a larger advance following the U.S. Non-Farm Payrolls (NFP) report as it extends it the bullish sequence from earlier


US Dollar Falls Through Support, EUR/USD to post-ECB Highs After NFP

This morning’s NFP report came out in a rather mixed manner, but one might not know that by looking at the US Dollar, which is


US Dollar Falls on Overall Soft NFP Report as Wage Data Misses Forecasts

US Dollar Falls on Overall Soft NFP Report as Wage Data Misses Forecasts


USD/JPY to test 100 on a 12M horizon – Mizuho Bank

Analysts from Mizuho Bank, see the USD/JPY pair moving to the downside on a 12 month period. They expect the Bank of Japan to keep its policy unchange


GBP/USD poised to end week higher with eyes on Brexit plans

The GBP/USD pair rose on Friday boosted by the decline of the US dollar that extended losses following the NFP report…


US Dollar headed for a weekly close below 94

The US Dollar Index, which tracks the greenback against a basket of six major currencies, extended its losses in the second half of the day as the mac


NZD/USD retreats from session highs, looks to close the week above 0.68

The NZD/USD pair advanced to a 10-day high at 0.6840 as the greenback came under pressure following the NFP report in the early NA session. However, t


EUR/USD firm near 1.1750, consolidates gains

The EUR/USD pair broke to the upside after the release of the US employment report. It peaked at 1.1764, the highest level since June 14. During the l


Market wrap: US dollar underperformed all the majors – Westpac

Analysts at Westpac Banking Corporation explained that markets read the US jobs data as mixed (strong job growth but disappointing unemployment and ea


NZD/USD Technical Analysis: 2009 Support Breaks, Where to Next?

New Zealand Dollar prices have broken below a key long-term 2009 ascending trend line. Near-term support appears to be holding for now as the pair


GBP/USD stumbles at 1.33 as Brexit continues to fracture the UK’s parliament

The GBP/USD is hesitating near the 1.3300 major level As Monday’s Brexit revelations roil Sterling traders and force the GBP back down as the chasm be


NZD/USD Technical Analysis: Rally could stall on bearish divergence of the hourly RSI

1-hour chart Spot Rate: 0.6835 Daily High: 0.6845 Daily Low: 0.6830 Trend: Bearish Resistance R1: 0.6851 (June 15 low) R2: 0.6874 (50% Fib R


AUD/USD to remain caught in the cross-fire of US trade policy – ANZ

Analysts at Australia and New Zealand Bank (ANZ) offered their view on the AUD/USD pair for the coming week, in its FX strategy report. Key Quotes:


USD/JPY risk reversals hit three-week high

The USD/JPY one-month 25 delta risk reversals (JPY1MRR) hit a three-week high of -1.10 on Monday, indicating the markets are not overly concerned with


EUR/USD has rebounded on improving Euro-area data – Nordea

Analysts at Nordea Markets noted the single currencies rebound but look for fading opportunities. Key Quotes: “EUR/USD has rebounded on improving Eu


USD/JPY: bulls testing the 21-hour SMA in Tokyo

USD/JPY is turning higher in Tokyo in a slow start to the week following a goldilocks nonfarm payrolls that sent the greenback somewhat lower on profi


USD/CNY fix projection 6.6395 – Nomura

Analysts at Nomura offered their model’s projection for today’s USD/CNY fix. Key Quotes: “Our model1 projects the fix to be 59 pips higher than the


EUR/USD and GBP/USD Forecast July 9, 2018

The Euro rose slightly in early Asian trading on Monday, as it looks like we are ready to continue going higher. If we can break above the highs from the Fri…


EUR/USD moves higher, 1.1800 appears closer

The upbeat momentum remains well and sound around the shared currency at the beginning of the week, now lifting EUR/USD to test the area of multi-week


GBP/USD pushing up from 1.33 as trader shake off Brexit shake up

The GBP/USD is looking to find some bullish momentum for Monday’s upcoming London trading session, after spending the early week trading window on the


US Dollar flirting with daily lows in sub-94.00 levels

The greenback, in terms of the US Dollar Index (DXY), has started the week on the back footing and is now poking with session lows in the 93.90 region


USD/JPY stapled to 110.50 for the new week

The USD/JPY is trading sideways for Monday, cycling around the 110.50 level. The Dollar-Yen pairing is drifting for the new trading week as the USD a


AUD/USD on the rise as copper prices bolster the Aussie

The AUD/USD is bumping higher in Monday’s trading, currently sitting near 0.7460 as the Aussie gets a boost from rising copper prices against the US D


EUR/USD remains firm near 1.1800 ahead of Draghi

The European currency keeps trading on a firm fashion at the beginning of the week and is pushing EUR/USD to test levels last seen in mid-June. EUR/U


GBP/USD heading back towards 1.3300 amid UK political woes

The GBP/USD pair stalled the Asian rally near 1.3360 and reversed nearly 30-pips in Europe, now heading back towards the 1.3300 demand zone, as market


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