News Reviews USD 

USD Daily Review June 26, 2019

USD Daily Review for June 26, 2019 US Dollar Price Volatile as Fed Comments Collide with Trump The DXY Index has seen prices whipsaw this afternoon amid a flurry of comments from US policymakers.   Sterling Dollar Price Chart: GBP/USD Recovery Fails at Yearly Open Sterling turned from yearly open resistance today & leaves the recent advance vulnerable into the June close. Here are the levels that matter on the GBP/USD price chart.   US Dollar Price Action Setups in EUR/USD, USD/JPY, USD/CAD, AUD/USD This is a walk-through of the…

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News Reviews USD 

USD Daily Review June 25, 2019

USD Daily Review for June 25, 2019 Forex Volatility: EURUSD, AUDJPY & USDCNH Eye Data, G20 Summit Currency volatility shows signs of creeping higher as traders digest the latest monetary policy stances from global central banks while speculation over US-China trade war progress at the upcoming G20 summit mounts.   Canadian Dollar Price Outlook: Loonie Gains Slam USD/CAD into Support An outside-weekly reversal in the Canadian Dollar cleared the monthly range last week. Here are the levels that matter on the USD/CAD price charts into the June close.   EUR/USD:…

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USD Daily Review June 24, 2019

USD Daily Review for June 24, 2019 Weekly Technical Forecast: Where to After a SPX Record, Gold 6-Year High, Dollar Breakdown? There were a range of remarkable technical developments this past week across the financial spectrum. A jump in risk-leaning assets pushed the S&P 500 back into record territory but gold defied popular convention by mounting its own rally to its own six-year highs. Then there is the Dollar which posted   Australian Dollar Week Ahead: AUDUSD, AUDJPY Near-Term Reversals? The Australian Dollar may see near-term gains versus the US…

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USD Daily Review June 21, 2019

USD Daily Review for June 21, 2019 Fed Fuels Gold & Currency Volatility Shockwave as USD Drops In the aftermath of the Federal Reserve’s latest dovish shift in monetary policy, what might spiking implied volatility measures suggest about the next direction in USD and gold prices?   FX Price Action Setups in EUR/USD, GBP/USD, USD/JPY and USD/CAD Yesterday’s FOMC meeting has brought large reverberations through global markets. The big question – can it continue?   Euro Price Outlook: EUR/USD Breakout Levels Well-Defined Post-Fed The post-FOMC rally has Euro eyeing multi-month…

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USD Daily Review June 20, 2019

USD Daily Review for June 20, 2019 US Dollar Sinks After June Fed Meeting Signals Potential Rate Cuts The Federal Reserve expectedly announced no change to the Federal Funds rate, but a dissenting Fed official and waning inflation sent the US Dollar lower and stocks higher as rate cut odds soared.   Japanese Yen Technical Outlook: USD/JPY, EUR/JPY, GBP/JPY While risk markets have come back to life in the month of June, the anti-risk Yen has continued to be bid. Is this highlighting a harboring theme of risk aversion that…

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USD Daily Review June 19, 2019

USD Daily Review for June 19, 2019 Pre-FOMC Price Action Setups in USD/JPY, AUD/USD, Crude Oil and Gold Tomorrow brings the FOMC, and there’s little expectation for any actual moves. The driver, and the devil, will be in the details, however.   Kiwi Price Outlook: New Zealand Dollar Counter-Offensive, First Test A defense of the yearly lows in Kiwi has the recovery testing initial resistance targets ahead of the Fed. Here are the levels that matter on the NZD/USD price charts.   EURJPY, EURUSD Rates Hit by Selling Pressure after…

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USD Daily Review June 18, 2019

USD Daily Review for June 18, 2019 Canadian Dollar Price Outlook: USD/CAD Recovery Eyes Trend Resistance The US Dollar recovery has put Loonie on the defensive with price now approaching a key inflection zone. Here are the levels that matter on the USD/CAD price charts.   US Dollar Bounces at Support While Gold Prices Stuck Below Resistance US Dollar bounces at nine-month support line. Gold price Elliott wave outlook towards lower levels on the inability to break through resistance.   USD, Gold & Stock Price Volatility Eye Looming Fed Meeting…

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USD Daily Review June 17, 2019

USD Daily Review for June 17, 2019 US Dollar Weekly Technical Forecast Ahead of FOMC The Dollar rallied off support last week, but it is still questionable as to whether it can pick up more momentum from here or not; Fed meeting this week.   AUDUSD Chart Shows Bears in Control – Technical Outlook Spot AUDUSD risks printing fresh multi-year lows after a hard rejection of the 0.7000 price level last week.   GBPUSD Rate Outlook Hinges on Bank of England (BoE) Forward Guidance The Bank of England (BoE) meeting…

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