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USD Daily Review March 8, 2018

USD Daily Review for March 8, 2018

Canadian Dollar Rate Forecast: Dovish Bank of Canada and Trade Concerns

The Canadian Dollar is falling to a key psychological support level of 1.30 CAD to USD with views accumulating that weakness could persist lifting the


Net-Long USDJPY Positions Increase by 8% From Last Week

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


Euro May Rally Against the Dollar

The combination of current sentiment and recent changes gives us a stronger EURUSD-bullish contrarian trading bias.


GBP/USD: Cable Bounce From Six-Week Lows Finds Resistance Sub-1.4000

GBP/USD continues to wrestle between a longer-term theme of strength to go along with shorter-term indications of weakness. With sellers showing-up at a familiar level,


USD/CHF Rallies to Confluent Resistance as Bearish Trend Takes a Break

USD/CHF has pulled back in the longer-term bearish trend after fresh two-year lows printed in February. But with prices finding resistance at a confluent area,


USD/CAD Resilience to Persist as BoC Sticks to Wait-and-See Approach

The near-term resilience in USD/CAD may persist following the Bank of Canada (BoC) meeting as the bullish momentum appears to be gathering pace.


Euro, Yen Primed for ECB, BoJ: Stocks, USD Fall on Cohn Departure

The remainder of this week brings two rate decisions of note before we get to Non-Farm Payrolls on Friday. The big question surrounding both the


US Dollar Back in Downtrend as Trade War Rhetoric Intensifies

Meanwhile, the Canadian Dollar remains weak ahead of the Bank of Canada rate decision today.


Mexican peso, Canadian dollar pare losses as White House says ‘carve-outs’ from tariffs possible

The Mexican peso USDMXN, -0.1222% and the Canadian dollar USDCAD, +0.1864% snapped back against the U.S. dollar on Wednesday, after the White House sa


USD/JPY and AUD/USD Forecast March 8, 2018

The US dollar has rallied a bit during the trading session on Wednesday, as we continue to try to build up a bit of a base in this region. I believe that the…


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

The EUR/USD pair went back and forth during the trading session on Wednesday, showing signs of exhaustion in both directions. The 1.24 level seems to be a bi…


The EUR/USD 1 Minute Versus 1 Month ECB Response

There is little chance that the European Central Bank is planning to change its monetary policy mix of a 0.00 percent benchmark and persistent 30


EUR/USD Reversal Pattern on the Horizon? Is Volatility Underpriced?

EUR/USD could form a reversal pattern over the next coming days. Implied volatility seems well founded ahead of the ECB, but could it be underpriced


EUR/USD Technical Analysis: Euro Down Move Ready to Resume?

The Euro has managed a five-day winning streak against the US Dollar but gains may prove to be corrective, giving way to downward resumption.


Keep Vigilance on the Dollar as Trump Signs Tariffs and Euro with ECB

Despite a remarkably quiet S&P 500 and Dow, trade war pressure grew on Wednesday as threats rose, Cohn resigned. The signing ceremony for US tariffs


Euro Turns to ECB for Directional Cues: EUR/GBP, EUR/USD in Ranges

Today’s meeting will produce one of the four each year that sees a new set of Staff Economic Projections.


Detailed European Central Bank (ECB) Exit Strategy to Keep EUR/USD Bid

Fresh updates coming out of the European Central Bank (ECB) may keep EUR/USD bid should the Governing Council show a greater willingness to move away


Dollar General to give up to 8 weeks parental leave and adoption assistance benefit

Dollar General Corp. DG, -4.33% announced Thursday new parental leave and adoption assistance benefits, effective April 1. The new parental-leave bene


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