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USD Daily Review May 8, 2018

USD Daily Review for May 8, 2018

GBP/USD: Oversold Cable Tests Key Support Ahead of BoE Super Thursday

This week’s BoE rate decision was long expected to bring a rate hike. But as the backdrop deteriorated through April, those expectations got kicked further


EURUSD: Slight Mixed Bias as Price Tests 2018 Lows

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


FX Setups for Week of May 7, 2018: GBP/USD, NZD/USD

The US Dollar is holding on to gains after a really strong three-week stretch. This has produced oversold conditions in GBP/USD along with a slew


US Dollar Index (DXY) Forecast: USD Strengthens As FX Foes Flop

A recent slump in the European Union has left currency traders with a default view of US Dollar strength that shows little signs of slowing


US Dollar Bid as EUR/USD Sets 2018 Low; CPI, BoE, RBNZ On Deck

US Dollar strength has continued, and this theme moves into the spotlight as we near the release of April inflation figures out of the US.


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

The US dollar initially spent Monday rallying against the Japanese yen, as we had formed a nice hammer on Friday. However, by the end of the day we get back …


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

The Euro fell again on Monday, as the US dollar continues to show strength in the Forex markets, with higher interest rates coming in and of course better ec…


Slowing Australia Retail Sales to Keep AUD/USD Rate Under Pressure

A marked slowdown in Australia Retail Sales may keep AUD/USD under pressure as it dampens the outlook for growth and inflation.


Can AUD/USD Sustain Decline on Worse-Than-Expected Retail Sales?

Even though the Australian Dollar depreciated on worse-than-expected local retail sales data, positive RSI divergence on a daily AUD/USD chart warns that prices may soon


NZD/USD Technical Analysis: Bounce May Yield Short Trade Setup

The New Zealand may be readying an attempt at recovery against its US counterpart. The move might offer up an opportunity to sell into the


USD stands tall; EURUSD briefly dips below 1.19 on softer EZ data

Data released this morning showed that In April Y/Y chinese imports jumped to 21.5% and exports rose to 12.9% both figures were higher than expected and previous readings.


US Dollar, Market Sentiment at the Mercy of Fed Chair Powell

The fate of the US Dollar and that of overall broader market sentiment across financial markets hinges on a much-anticipated speech from Fed Chair Jerome


Mixed Messages From Market Sentiment Indicators as USD Strength Persists

Market confidence indicators are broadly neutral, leaving traders free to concentrate on specific trending markets such as the US Dollar and oil.


Bearish EURUSD Outlook as Correction Looks to Continue

Bearish EURUSD Outlook as Correction Looks to Continue


EURUSD Continues to Break Lower; US CPI Looms

EURUSD weakness is likely to continue with little in the market to provide any support for the pair. And the next leg lower may be


Mixed Messages From Market Sentiment Indicators as USD Strength Persists

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