Open interest has increased by 1863, making in total 59065. Commercials were net sellers. Their net position changed by -428 totalling -44890. Major holders of open interest where longs of large traders with 89.0%, having next commercials with 78.5% in shorts. Signal: bearish.
Read MoreUSD Daily Review for October 4, 2019 Canadian Dollar Price Outlook: USD/CAD Approaching Range Extremes USD/CAD is testing the upper bounds of a multi-week range in price heading into US Non-Farm Payrolls. Here are the levels that matter on the USD/CAD weekly chart. How Gold, Oil, Stocks & USD Perform During FOMC Rate Cut Cycles Fed Chair Powell and the FOMC have already lowered US interest rates twice this year and the central bank is likely to cut again. How have assets historically performed during rate cut cycles? …
Read MoreUSD Daily Review for October 3, 2019 EUR/USD Holds Channel Support, EUR/JPY Losses Deepen as Global Growth Concerns Rise Flaring concerns about the US-China trade war are weighing on the US Dollar, in turn sending EURJPY and EURUSD rates in different directions. Japanese Yen Price Outlook: USD Reversal Risks Deeper USD/JPY Losses USD/JPY marked an outside-day reversal off resistance yesterday- threating a deeper correction in price. Here are the levels that matter on the USD/JPY weekly chart. Australian Dollar Price Outlook: AUD/USD Re-Tests Decade Lows Can sellers breakthrough…
Read MoreUSD Daily Review for October 2, 2019 US Dollar Price Outlook: USD Testing Major Trend Resistance into Q4 The US Dollar is testing multi-year uptrend resistance into the open of October trade- do the bulls have it? Here are the levels that matter on the DXY weekly chart. USD Dominates, GBP/USD, AUD/USD Heading Lower – US Market Open USD Dominates, GBP/USD, AUD/USD Heading Lower – US Market Open US Dollar Starts Q4 at Two-Year-Highs: Can USD Bulls Maintain? The US Dollar is at fresh two-year-highs to start Q4,…
Read MoreUSD Daily Review for October 1, 2019 AUD/USD: Australian Dollar Price Outlook & RBA Decision Preview The Australian Dollar is geared up for heightened volatility with the October RBA rate decision on deck for Tuesday alongside several other high-impact economic data releases. US Dollar Price Outlook: EUR/USD, GBP/USD, AUD/USD, USD/CAD The US Dollar has pushed up to a fresh two-year-high on the final trading day of Q3. Will USD bulls be able to hold the bid through the Q4 open? Euro Suffers as US Dollar Hits 2019 Peak,…
Read MoreUSD Daily Review for September 30, 2019 EUR/USD Technical Analysis: The recent decline opens the door for a breakdown of 1.0900 EUR/USD Overview Today last price 1.0925 Today Daily Change 24 Today Daily Change % 0.03 Today daily open 1.0922 Trends Daily SMA20 1.1016 Daily SMA5 US Dollar Index Technical Analysis: Keeps the firm note. The 2019 high near 99.40 appears closer Dollar Index Spot Overview Today last price 99.22 Today Daily Change 17 Today Daily Change % 0.03 Today daily open 99.19 Trends Daily SMA20 98.57 Dai …
Read MoreOpen interest has increased by 1351, making in total 57202. Commercials were net sellers. Their net position changed by -499 totalling -44462. Major holders of open interest where longs of large traders with 88.0%, having next commercials with 80.1% in shorts. Signal: bearish.
Read MoreUSD Daily Review for September 27, 2019 GBP/USD technical analysis: Drops to 2-week lows, now seems poised to test sub-1.2300 levels The GBP/USD pair failed to capitalize on its early uptick to the 1.2380 region and has now drifted into the negative territory for the second consecut US Dollar Index Technical Analysis: The Greenback looks firm and sets sails for 2019 highs Dollar Index Spot Overview Today last price 99.04 Today Daily Change 22 Today Daily Change % 0.00 Today daily open 99.04 Trends Daily SMA20 98.53 Dai …
Read MoreUSD Daily Review for September 26, 2019 NZD/USD surrenders post-RBNZ gains, holds steady above 0.6300 handle Having failed to capitalize on the post-RBNZ spike to one-week tops, the NZD/USD pair now seems to have stabilized and was seen consolidating in a ran USD/JPY technical analysis: Intraday positive move stalls near 100-SMA on 4-hourly chart The USD/JPY pair showed some resilience below the 107.00 handle and managed to find decent support near 38.2% Fibo. level of the 104.45-108.48 recent EUR/USD Technical Analysis: A test of 1.0925 is likely while…
Read MoreUSD Daily Review for September 25, 2019 Breaking: GBP/USD spikes to 1.2480 as UK Supreme Court states ruling is unanimous on judiciability GBP/USD spikes to 1.2480 as UK Supreme Court states ruling is unanimous on judiciability. More to come … USD/JPY clings to modest gains near 107.70 region, fresh session tops The greenback edged higher against its Japanese counterpart, lifting the USD/JPY pair back closer to session tops during the early European session on EUR/USD attempts a recovery post-IFO, still below 1.10 The single currency debates between gains…
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