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USD Daily Review May 15, 2018

USD Daily Review for May 15, 2018

Tactically Bullish EUR/USD on Confluence of Technical Support, Stretched RSI

Tactical trades look to take advantage of short-term extremes and event risks and are often held for only a few weeks. Currently, a set-up may


Gold Prices Bounce to Resistance while Dollar Index Corrects

Gold prices bounced last week into $1320 resistance zone. We are anticipating another retest of $1302 while Dollar Index corrects its up trend.


Canadian Dollar Rate Forecast: Oil and Key Data May Help CAD Further

The Canadian Dollar appears favorable when compared to other currencies as it is better positioned to gain than other commodity currencies thanks to Crude Oil


US Dollar Index (DXY) Forecast: Consumer Data Week Opens Weak for USD

After the enthusiasm for the short-squeeze to continue evaporated last week on weak(er) inflation data, traders now brace for retails sales data and potential repositioning


EUR/USD Risks Larger Recovery as ECB Starts to Alter Forward Guidance

EUR/USD may stage a larger advance over the coming days as European Central Bank (ECB) officials show a greater willingness to move away from the


Argentine peso drops almost 9% to lowest ever against U.S. dollar

Argentina’s troubled currency USDARS, +8.6685% dropped to a new historic low against the U.S. dollar on Monday, following reports that establishing a


EUR/USD and GBP/USD Forecast May 15, 2018

The Euro rallied initially during the trading session on Monday but turned around to form a bit of a shooting star. By doing so, it put serious doubt into th…


AUD/USD Awaits Trade Talks Post China Retail Sales, Jobless Rate

With the RBA meeting minutes and Chinese retail sales/industrial production data now behind us, the Australian Dollar looks to risk trends and ongoing trade talks


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

The Euro may be ready to resume the down move started in mid-April against the US Dollar after brief corrective bounce from support above the


Asia AM Digest: AUD Awaits RBA Mintues, USD Had Last Minute Rise

The Australian Dollar looks to incoming RBA meeting minutes and China industrial production. Meanwhile, the US Dollar put in an advance towards the end of


Euro May Fall on German GDP, US Dollar Eyes Fed Senate Hearings

The Euro may fall as soft German GDP data cools bets on ECB tightening. The US Dollar eyes confirmation hearings for two aspiring Fed officials.


Lackluster U.S. Retail Sales Report to Fuel EUR/USD Rebound

Fresh updates to the U.S Retail Sales report may fuel a larger rebound in EUR/USD as household spending is expected to narrow in April.


EURUSD Brushes Off Slowing Eurozone Growth

See our Q2 EUR forecast to learn what will drive the currency through the quarter. The Euro and DAX saw a largely muted reaction after a raft of Euro


EURUSD Low to be Retested as US Treasury Yields Jump

The US dollar is back in bullish mode as US Treasury yields hit fresh multi-year highs, underpinning the greenback against a weak Euro.


AUD/USD Technical Analysis: Deeper Down Move Seen Ahead

The Australian Dollar may be on the cusp of another push lower against its US counterpart following a brief corrective recovery to retest former chart


Asian Stocks Slip Back Despite Wall St Gains, Dollar Turns Up Again

Asian stocks failed to track their US peers higher in a session quite short of economic news to provide new cues. The Dollar tracked up


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