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USD Daily Review May 16, 2018

USD Daily Review for May 16, 2018

EUR/USD Rate Outlook Hinges on Fed, ECB Comments as Rebound Falters

EUR/USD is back under pressure, with the pair facing a renewed risk of making a run at the December-low (1.1718) as the bearish momentum appears

 

EURUSD: Reversal May Help Euro Climb Above 1.186

The current EURUSD price trend may soon reverse higher despite the fact traders remain net-long.

 

USDJPY: Above 110.30 Price on Bullish Sentiment

The current USDJPY price trend may soon reverse higher despite the fact traders remain net-long.

 

GBP/USD Range Snaps, RSI Remains Extreme Ahead of BoE, FOMC Rhetoric

GBP/USD snaps the range from the previous week, with fresh comments from BoE and Fed officials likely to influence the exchange rate over the coming

 

GBPUSD: Price Tests 1.3500 with Bearish Bias

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

 

US Dollar Pacing to Fresh Yearly Highs as US Yields Jump

With the US Treasury 10-year yield at its highest level since July 2011, the DXY Index has hit a fresh high for 2018.

 

USD/JPY Rate Forecast: US Yields Pave the Way for Move Above 110

The Japanese Yen fell below 110 JPY per USD on Tuesday after US bond yields broke higher as the US yield curve steepened helping clarify

 

UPDATE 2: Close Short GBPUSD Position to Lock in Profit

Now would be a good time to close the position and take the profits made since my recommendation on April 26 to sell GBPUSD.

 

US AM Digest: USD Surges as 10yr Treasury Yield Hits Highest Level Since 2011

US AM Digest: USD Surges as 10yr Treasury Yield Hits Highest Level Since 2011

 

EUR/USD and GBP/USD Forecast May 16, 2018

The Euro broke down significantly against the US dollar during the day on Tuesday, as the 10-year yield reached above the vital 3.06% level. Ultimately, this…

 

What the Dollar and Emerging Market Currencies Can Tell Us About the Market

The Dollar is a stalwart and the world’s most liquid currency while emerging markets are the extreme on the risk spectrum.

 




Dow Turns an 8-Day Advance, Dollar Ratchets Up the Bullish Pressure

Speculative sentiment started off the week on shakey ground, but it started to genuinely slip through Tuesday’s session. Meanwhile, the Dollar staved off a more

 

USD marks fresh highs as US 10-Yr yields spike above 3%; US equities get nervous

US Dollar pursued fresh 5-month highs yesterday, as the dollar reacted to rises in yields. The benchmark 10-year Treasury yield marked the highest since 2011 as it went beyond 3%. Yields rise as treasury prices fall.

 

Euro Breakdown Favored vs Canadian Dollar, Confirmation Pending

The Euro sits at trend-defining support against the Canadian Dollar, with fundamental forces seemingly lining up in favor of a downward breakout.

 

Have a nice trading!




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