Category: USD

USD Daily Review for July 31, 2019 EUR/USD: Traders Remain Net-Long Suggesting Prices May Fall Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/USD-bearish contrarian trading bias.   GBP/USD: Retail Data shows 76.8% of Traders are Net-Long Positioning is less net-long than yesterday but more net-long from last week. The combination of current sentiment and recent changes gives us a further mixed GBP/USD trading bias.   Canadian Dollar Outlook: USDCAD Eyes GDP Data and FOMC Decision…

USD Daily Review for July 29, 2019 Euro Zone Economy Struggles With EuroDollar Sliding To A Two-Year Low The Eurozone economy is presenting the ECB with several headaches. Just what can Mario Draghi do? The Euro will decline against the U.S. Dollar where the economy is far better condition.   Weekly Trading Forecast: Dollar and Dow Dialed in to Fed, NFPs and Trade Wars After a week of dovish ECB, a US GDP beat and unexpected headlines from President Trump; we now move into a second week of heavy scheduled…

USD Daily Review for July 26, 2019 US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD and AUD/USD It’s been a busy day across the FX space and next week looks to continue the volatility as the Federal Reserve prepares for their first rate cut in a decade.   USD/MXN Rate Outlook Hints at Higher Spot Prices Spot USDMXN looks set to resume its bullish ascent as fundamental themes appear likely to tilt back in favor of the US Dollar and combines with an attractive technical backdrop.   EUR/USD Reverses on…

USD Daily Review for July 25, 2019 Swiss Franc Price Chart: USD/CHF Coils – Breakout Imminent The Swiss Franc virtually unchanged against the Dollar in 2019 with price now straddling the yearly open. Here are the levels that matter on the Swissy charts (USD/CHF).   EUR/USD: Traders Remain Net-Long Since 01 July Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/USD-bearish contrarian trading bias.   Gold Price Target Hit: XAU/USD Rally Vulnerable Near-term Gold prices pulled…

USD Daily Review for July 24, 2019 US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD and AUD/USD US Dollar strength has been the theme since the NY Fed walked back comments from John Williams last week. The ECB is on Thursday, and the FOMC is next Wed.   USD/CNH Implied Volatility Plummets Despite Trade War Risks USDCNH 1-week implied volatility dropped to its lowest level since August 2017, suggesting positive US-China trade war developments ahead or that downside risks are underpriced.   Gold Prices Continue to Exhibit Strength Despite the…

USD Daily Review for July 23, 2019 This Is Why Microsoft Is A Trillion-Dollar Company Second-quarter earnings have gotten off to a good start with very strong earnings from the big banks.   USD/CAD: Canadian Dollar Rally at Risk of Reversing? The recent stretch of Canadian Dollar strength could be in jeopardy with spot USDCAD ripping higher off critical technical support and spot EURCAD catching bid while spot CADJPY begins to drift lower.   Most Volatile Currencies This Week – EURUSD, USDTRY Most Volatile Currencies This Week – EURUSD, USDTRY…

USD Daily Review for July 22, 2019 Weekly Technical Forecast: Dow Eases Back from Record, Dollar Struggles to Light Fuse, Gold Holds Its Break There is a clear inconsistency in both activity level and bearing across the standard benchmarks of the speculative markets. With the Dollar suffering a jolt without a trend, Dow and other indices hanging just shy of record highs and gold breaking higher in stages; we are seeing more volatility that   Dollar Outlook: USD 2018 Uptrend In Focus on Aussie as Yen Gains? The Dollar uptrend…

USD Daily Review for July 19, 2019 Libra Can Create A Trillion Dollar Market Even Without The U.S. Libra can bring billions of people in third-world countries into the world economy, and the trillion-dollar marketplace it would create could be the future of Facebook.   US Dollar Price Action Setups in EUR/USD, GBP/USD, USD/CAD, AUD/USD The US Dollar will likely remain center-stage as the Federal Reserve’s first rate cut in over a decade is expected in less than two weeks.   EUR/USD Price Outlook: Support Grind at 1212 Ahead of…