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USD Daily Review June 5, 2018

USD Daily Review for June 5, 2018

Counter Trend Patterns Working in USDJPY and EURUSD

Our Elliott Wave analysis is suggesting USD weakness in USDJPY and EURUSD while Crude Oil may continue is correction.

 

EUR/USD Rate Outlook Mired by Renewed Greek Fears

Growing uncertainties surrounding the monetary union may continue to sap the recent rebound in EUR/USD as it dampens bets for a more detailed ECB exit

 

Sentiment Gives EURUSD Mixed Signal

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

 

AUD/USD Technical Outlook: Aussie Rebound Testing Key Resistance Hurdle

AUDUSD is up more than 3% from the yearly low with price now testing resistance ahead of the RBA. These are the updated targets &

 

GBP/USD: Cable Bounce From 2018 Lows Builds into Bear Flag

The British Pound has bounced from fresh 2018 lows set just last week, building into a bullish channel in the process. At this point, that

 

GBPUSD Price Action to be Impacted by Slew of BoE Speakers

GBPUSD Price Action to be Impacted by Slew of BoE Speakers

 

US Dollar Drops to Support, AUD/USD Fresh Monthly Highs Ahead of RBA

The US Dollar has kicked off the week with a support check, falling after a hold of resistance following last week’s NFP report. With the

 

US AM Digest: AUD Sees Largest Rise Since August 2017; USD Underperforms

US AM Digest: AUD Sees Largest Rise Since August 2017; USD Underperforms

 

USD Threatens June Correction- Dollar Crosses in Focus

https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/scalping_report/2018/06/04/USD-Threatens-June-Correction-Dollar-Crosses-in-Focus-DXY.ht…

 

EUR/USD and GBP/USD Forecast June 5, 2018

The EUR/USD pair tried to rally during the trading session on Monday but gave back most of the gains to form a shooting star. Because of this, I think that w…

 

USD/JPY and AUD/USD Forecast June 5, 2018

The US dollar initially fell during the trading session on Monday but found enough support below to turn around and form a hammer. This tells me that the mom…

 




S&P 500 Gap Higher Lacks Heft, EUR/USD Threatens a Turn, RBA on Tap

S&P 500 Gap Higher Lacks Heft, EUR/USD Threatens a Turn, RBA on Tap

 

GBPUSD Cheers Hat-trick of PMI Surveys Signalling UK GDP Rebound

GBPUSD Cheers Hat-trick of PMI Surveys Signalling UK GDP Rebound

 

EURUSD Chart: Ominous Death-Cross Portends Lower Prices

The daily EURUSD chart is showing a death-cross formation, a technical signal that normally means lower prices ahead.

 

US Dollar May Rise as Services ISM Data Boosts Fed Rate Hike Bets

The US Dollar may find its way higher after four days of losses as the unwinding of Italy-linked risk aversion and upbeat ISM data boosts

 

Have a nice trading!




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