Category: USD

USD Daily Review for February 8, 2019 How To Buy A 7.6% Yield For 88 Cents On The Dollar The last time we had this Fed setup, these safe 6%+ paying bonds jumped 20% in the year ahead!   Japanese Yen Weekly Price Outlook: Pending USD/JPY Range Break Dollar is virtually unchanged vs the Japanese Yen a month into 2018 with price holding a well-defined range. Here are the levels that matter on   USD in Demand By Default, CAD Drops, GBP Short Covered – US Market Open USD in…

USD Daily Review for February 7, 2019 EURUSD Bullish Bias, Position Pending Resistance Breakthrough EURUSD has faced months of congestion but a dovish shift from the Federal Reserve may serve to spur buying pressure for the Euro.   GBPUSD: Sentiment Suggests Bearish Trading Bias Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBPUSD-bearish contrarian trading   EUR/USD Suggests a Bearish Bias Traders are further net-long than yesterday and last week, and the combination of current sentiment…

USD Daily Review for February 6, 2019 FX Price Action Setups in USD/JPY, AUD/USD and USD/CAD Risk on has taken hold across equities, but many FX markets remain in some state of mean reversion. In this webinar, the US Dollar was   Canadian Dollar Price Outlook: USD/CAD Testing Key Trend Support Price continues to trade within a descending channel with the decline eyeing slope support. Here are the targets & invalidation levels that matter on the   AUDUSD Bulls Push the Bid from Key Support as USDJPY Re-Tests 110.00 While…

USD Daily Review for February 5, 2019 EUR/USD: Traders Remain Net-Short The combination of current sentiment and recent changes gives us a further mixed EURUSD trading bias.   USD/JPY Carves Bullish Series, RSI Breaks Out Following Upbeat NFP USD/JPY carves a fresh series of higher highs & lows following the upbeat NFP report, while the RSI breaks out of the bearish formation from   EUR/USD Holds Resistance, AUD/USD in Focus Ahead of RBA Both the Dow and S&P 500 have found resistance at key areas on the chart while focus…

USD Daily Review for February 4, 2019 Weekly Technical Forecast: Whether The Dows Trend or Dollar Range, Conviction Looks Wanting Risk-leaning assets enjoyed a strong charge through this past week. Global indices, commodities and emerging market assets were all buoyed by a welcome return of   Weekly Fundamental Forecast: Markets Look for Footholds to Keep Stocks, Oil Rising and Dollar Steady As we transition into the first trading week of February, we leave behind the most optimistic January in over 30 years punctuated by a dovish   US Dollar May…

USD Daily Review for February 1, 2019 Euro Credit Accelerates While U.S. Dollar Credit Slows The latest divergence between U.S. dollar and euro credit to EMDEs is part of a longer trend. Over the past five years, euro credit has expanded at an average annual rate of 10%, compared with 4% for US dollar credit. The gap between the two currencies was even larger for bank loans.   AUD/USD Flash-Crash Rebound Eyes December-High Ahead of RBA The AUD/USD flash-crash rebound appears to be on track to test the December-high (0.7394)…

USD Daily Review for January 31, 2019 FOMC Leaves Rate Range Unchanged, Dollar Dives Before Powell Presser The US government shutdown will have a direct impact on how the Federal Reserve operates at the start of 2019.   US Dollar Set to Be the Rudder of Risk Sentiment Post FOMC | Podcast All eyes are on USD in the wake of the January FOMC meeting while developments in China could lead to further PBoC accommodation and credit   Canadian Dollar Price Outlook: USD/CAD to Threaten January Lows The US Dollar…

USD Daily Review for January 30, 2019 USD/JPY Outlook Mired by Lower Highs & Lows, Bearish RSI Formation The recent series of lower highs & lows raises the risk for a further depreciation in USD/JPY especially as the RSI responds to the bearish   US Dollar Sentiment Turns Sour | Webinar Confidence in the US Dollar is waning as trade concerns, signs of a global economic downturn and disappointing corporate earnings combine to reduce demand for   Breaking: UK lawmakers accepts Brady amendment, GBP/USD extends losses to 1.3070 British lawmakers…

USD Daily Review for January 29, 2019 EUR/USD: 53.8% of Traders Are Net-Long Recent changes in sentiment warn that the current EURUSD price trend may soon reverse higher despite the fact traders remain net-long.   EUR/USD remains on track to finish the day with modest gains above 1.14 The EUR/USD pair started the week on a positive note and rose to a fresh 13-day high of 1.1443 before going into a consolidation phase in the NA sessi   NZD/USD pulls away from multi-week highs, trades below 0.6850 ahead of trade…

USD Daily Review for January 28, 2019 Weekly Technical Forecast: Equities Continue to Drive Higher as the Dollar Slides While broad ranges carved out by markets over the previous three months are still standing, a rise in volatility raises the stakes and probability of   EUR/USD Weekly Technical Forecast: Euro Breakdown a Fake-out? The Euro broke support on Thursday with the help of the ECB but was reversed on Friday casting a shadow on the bear-flag breakdown.   Dollar Ends Week With Its Worst Drop in 4 Months, Still Not…