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USD Daily Review June 8, 2018

USD Daily Review for June 8, 2018

Dollar-Yen Rate Snaps Bullish Sequence Ahead of May-High

The dollar-yen exchange rate may continue to consolidate ahead of the FOMC rate decision on June 13 as it snaps the bullish series carried over


EUR/USD Rate Risks Larger Recovery as Bullish RSI Signal Takes Shape

EUR/USD stands at risk of staging a larger rebound as the pair breaks out of a narrow range, while the RSI snaps the bearish formation


USD/JPY Technical Outlook: Decision Time for the Japanese Yen

Yen weakness as taken USD/JPY into confluence resistance ahead of major event risk next week. These are the updated targets & invalidation levels that matter.


AUD/USD Forecast: Higher-Lows to Keep Trendline Resistance on Radar

Recent price action in AUD/USD raises the risk for a larger recovery as the exchange rate breaks out of narrow range and extends the higher-lows


EUR/USD Squeezed as Euro Recovers, but Can it Become Something More?

The single currency continues to recover as we approach the one-two combo of next week’s FOMC and ECB rate decisions, set for Wednesday and Thursday.


US Dollar Losing Streak Hits Fourt Days with G7 in Focus

EUR/USD’s sixth gain in seven days continues to lead to ongoing weakness in the DXY Index.


USD/JPY and NZD/USD Forecast June 8, 2018

The US dollar fell against the Japanese yen during the trading session on Thursday, as the 200 day simple moving average continues to cause issues. Beyond th…


EUR/USD and GBP/USD Forecast June 8, 2018

The Euro rallied a bit during the trading session on Thursday but found enough resistance at the 1.1850 level to cause some issues and pull back a bit. I thi…


EUR/USD Technical Analysis: Euro Upswing Keeps Downtrend Intact

The Euro has mounted a spirited recovery against the US Dollar since finding a bottom near the 1.15 figure but the overall trend points firmly


Upbeat Canada Employment Report to Weigh on USD/CAD Exchange Rate

A 22.0K rebound in Canada Employment may trigger a pullback in USD/CAD as it boosts bets for an imminent Bank of Canada (BoC) rate-hike.


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