Category: USD

USD Daily Review for April 11, 2019 US Dollar Pares Early Losses Following March Fed Minutes Release The US Dollar is rebounding higher in response to details found in the Federal Reserve’s publication of its March FOMC meeting minutes.   GBPUSD: 69.7% of Traders Are Net-Long The combination of current sentiment and recent changes gives us a further mixed GBPUSD trading bias.   EURUSD: Traders Increase Their Net-Short Positions Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a…

Read More

USD Daily Review for April 10, 2019 Currency Volatility: EURUSD Traders Eye ECB Meeting, Fed Minutes EURUSD overnight implied volatility jumped to its highest level in over a month as forex traders gear up for potentially sharp reactions to the latest ECB meeting and Fed minutes expected tomorrow.   GBPUSD Struggles Ahead of EU Summit Despite Vote for Brexit Extension GBP/USD struggles to hold its ground ahead of the EU Summit even though the UK votes to delay Brexit, with the exchange rate still threatening the bull trend from late-2018.…

Read More

USD Daily Review for April 9, 2019 AUDUSD April Range in Focus Ahead of RBA Financial Stability Review The April opening range is in focus for AUD/USD as the Reserve Bank of Australia (RBA) prepares to release the semi-annual Financial Stability Review (FSR).   US Dollar Weekly Forecast: ECB Meeting, US Inflation, Fed Minutes on Tap The US Dollar will deal with several important data releases over the coming week, including US inflation data and the Fed meeting minutes.   GBPUSD Outlook Mired Ahead of Brexit Summit by Bearish RSI…

Read More

USD Daily Review for April 8, 2019 Weekly Technical Forecast: Dollar, Equities and Crude Oil Advance Together The markets seem to be awash in speculative enthusiasm. Risk-leaning assets like equities and crude oil marked meaningful advances this past week, but the breadth out to carry trade and even the Dollar as a carry currency speaks to the depth of the march. Yet, the threat of stall and   Euro Outlook Bearish, EURUSD May Fall on ECB. Brexit Deadline Near The Euro outlook is bearish as EUR/USD might fall on the…

Read More

USD Daily Review for April 5, 2019 Top 5 Events: March Canadian Jobs Report & USDCAD Price Outlook Markets are expecting the Canadian labor market to cool off after exceptionally strong gains in January and February.   USDJPY: Traders Net-Short Increased by 61% from Last Week Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USDJPY-bullish contrarian trading bias.   Top 5 Events: March US Nonfarm Payrolls & EURUSD Price Outlook Markets are expecting the weak February…

Read More

USD Daily Review for April 4, 2019 Second Quarter 2019 Forecasts for the US Dollar, Pound, Gold, Equities, and More The first quarter of 2019 produced significant technical reversals across multiple asset crosses, setting up what should be a crucial second quarter of 2019.   US Dollar Q2 Forecast: Dollar Either Principal Safe Haven or Falling Star Through March, the Dollar (via DXY)closedits fourth consecutive quarter of advance, that is the longest series of gains on that time frame since the similar stretch through the first quarter of 2009.  …

Read More

USD Daily Review for April 3, 2019 Brexit Latest: GBPUSD Moves Above 1.3100 as UK PM May Seeks Extension UK PM May will seek another short-term extension to the Brexit deadline (currently April 12) while calling for   Near-term Trade Setups in EUR/USD and NZD/USD An update on near-term trade setups we’ve been tracking in EUR/USD and NZD/USD. These are the targets and invalidation levels that matter this week.   GBPUSD: Traders Net-Long Increased by 33.1% from Last Week Positioning is less net-long than yesterday but more net-long from last…

Read More

USD Daily Review for April 2, 2019 AUDUSD Weakness on RBA Decision Could Bolster ASX 200 The ASX 200 will look to a rate decision from the Reserve Bank of Australia for price action cues. Dovish leanings in a nearby economy could suggest the RBA will follow suit.   GBPUSD Technical Analysis: Morning Star Bounce into Key Resistance A wild month of March has seen GBPUSD build into an approximate 400-pip range following a generally strong outing in January and February. Can bulls continue to drive?   XAUUSD: Spot Gold…

Read More

USD Daily Review for April 1, 2019 Gold Price Outlook Bearish as USD May Rise on Soft Econ Data, RBA Gold prices could be weighed down if the US Dollar rises in risk aversion on soft economic data. Other hazards for the precious metal include a more dovish RBA and Brexit updates.   US Dollar Weekly Technical Outlook: USD Starting to Look Exhausted The recent batch of poor US data prints have been brushed aside by a resurgent US dollar in the past few days, but the recent push higher…

Read More