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USD Daily Review May 7, 2018

USD Daily Review for May 7, 2018

US Dollar Has Scope to Extend Rally on CPI Data, Powell Speech

The US Dollar has scope to continue building higher after enjoying the most aggressive three-week rally in nearly two years against its major currency counterparts.


Why EUR/USD and GBP/AUD Qualify as Appealing Trade Opportunities

It would seem a rudimentary consideration of trading FX that traders pursue naturally – without concerted thought or strategy.


Dollar Ends Week Steady and S&P 500 Strong, BoE Top Event Risk Ahead

Friday’s charge for US equities was undoubtedly impressive. The final session’s rally proved the best daily performance for the benchmark S&P 500 in a month.


USD/JPY Risks Further Losses as Bearish Series Takes Shape

USD/JPY stands at risk for further losses as a bearish series takes shape following the lackluster updates to the U.S. Non-Farm Payrolls (NFP) report.


US Dollar to Fresh Highs on NFP; GBP/USD Primed for BoE Super Thursday

US Dollar bulls continue to persist, after a quick pullback on this morning’s NFP report was soundly met with buyer support. USD has moved up


USD/JPY and AUD/USD Forecast May 7, 2018

The US dollar fell initially against the Japanese yen during training on Friday as the jobs report came out and rocked the market as per usual. However, by t…


EUR/USD and GBP/USD Forecast May 7, 2018

The EUR/USD pair fell again during Friday trading, breaking down below the 1.1950 level. That of course is a negative sign, but we did recover a bit going in…


US Dollar May Resume Offensive on Assertive Fed Commentary

The US Dollar may return to the offensive as comments from Federal Reserve officials continue to build the case for significant interest rate hikes beyond


EUR/USD Weekly Technical Forecast: Fresh YTD Lows Keeps Lasting Bearish Trend Intact

EUR/USD Weekly Technical Forecast: Fresh YTD Lows Keeps Lasting Bearish Trend Intac


Most Asian Markets Gain As Oil HIts $70, US Dollar Inches Up Again

Asian equity markets made gains in most cases as a rising oil price supported energy names. Australian business confidence strengthened


Dollar stays firm despite mixed jobs data

The dollar hovered close to its 2018 highs on Monday as slightly downbeat U.S. jobs and wages data barely effected perceptions of strength in the U.S. economy. However, analysts are aware that renewed concerns about trade frictions could cloud its outlook.


Have a nice trading!

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