News Reviews USD 

USD Daily Review October 22, 2019

USD Daily Review for October 22, 2019 Canadian Dollar Price Outlook: USD/CAD Nearing Confluent Support Zone USD/CAD has put in a stark bearish trend over the past couple of weeks, and Canadian elections are currently taking place which can keep the CAD on the move.   Brexit Latest: GBP/USD Tops 1.30 as Bercow Blocks Meaningful Vote (Again) GBP/USD extends its advance after the UK government was forced to request another Brexit delay over the weekend while Speaker John Bercow just blocked MPs from another meaningful vote.   Gold Price Outlook:…

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USD Daily Review October 21, 2019

USD Daily Review for October 21, 2019 Gold Weekly Outlook: Trade War Fears Battle US Dollar Weakness Gold remains stuck in a range as a range of conflicting forces battle and fail to take control of price action.   US Dollar Outlook Mired by Growing Bets for October Fed Rate Cut Data prints coming out of the US economy may continue to drag on the Dollar as fears of a looming recession boosts bets for another Fed rate cut.   Australian Dollar Could Wilt if Brexit Delayed, Growth Risks Hang…

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USD Daily Review October 18, 2019

USD Daily Review for October 18, 2019 Euro Price Outlook: EUR/USD Soars Through Resistance- Breakout Targets Euro has broken above multi-month resistance with the rally taking price to levels not seen since August. Here are the levels that matter on the EUR/USD weekly chart.   US Dollar Price Outlook: USD Plummets into Multi-Year Trend Support The US Dollar is testing multi-year uptrend support with the index down more than 1.8% off the yearly highs. Here are the levels that matter on the DXY weekly chart.   Gold Prices Remain Subdued…

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USD Daily Review October 16, 2019

USD Daily Review for October 16, 2019 Canadian Dollar at Risk Ahead of CPI: USD/CAD, CAD/JPY, GBP/CAD Canadian Dollar price action hinges on upcoming inflation data slated for release during Wednesday’s trading session, which stands to weigh materially on BOC monetary policy outlook.   EUR/USD’s Bottoming Effort, EUR/JPY’s Bullish Triangle Breakout Continue No news may be good news for the Euro over the coming days, given how generally disappointing economic data releases have been otherwise.   GBP/USD Volatility Spikes Amid Key Brexit Talks, NZD/USD Eyes CPI – US Market Open…

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USD Daily Review October 15, 2019

USD Daily Review for October 15, 2019 Australian Dollar Price Outlook: AUD/USD, AUD/JPY, GBP/AUD The Australian Dollar has climbed substantially so far this month, but the Aussie could be at risk of reversing lower if recent US-China trade talk progress fails to materialize into a formal agree…   GBP/USD Dips, USD/TRY Extends Rally, AUD/USD at Lows – US Market Open GBP/USD Dips, USD/TRY Extends Rally, AUD/USD at Lows – US Market Open   Will Risk Trends Extend Charge and EURUSD Reverse with Trade War News? This past week reflected a…

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News Reviews USD 

USD Daily Review October 14, 2019

USD Daily Review for October 14, 2019 Will Risk Trends Extend Charge and EURUSD Reverse with Trade War News? This past week reflected a strong charge in risk-leaning assets like the Dow under the auspices of an impending US-China trade deal. Progress was found between these two key players through Friday,…   US Dollar (USD) Weekly Outlook: US-China Trade Talks are Key The US dollar is on the back foot and is trading at lows seen three-weeks ago as optimism builds that the US and China will find some common…

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News Reviews USD 

USD Daily Review October 11, 2019

USD Daily Review for October 11, 2019 US Dollar Catches Support After Another Core CPI Print at 2.4% The US Dollar caught support this morning after another Core CPI print at 2.4%. But will this dissuade the FOMC from rate cuts at the meeting later this month?   US Dollar Rallies as US Inflation Report Alleviates Immediate Recession Fears Headline September US CPI missed expectations at 1.7% y/y, but given fears of an even deeper setback, traders are looking at the US inflation report as a relief.   EUR/USD Price…

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USD Daily Review October 10, 2019

USD Daily Review for October 10, 2019 US Dollar Gyrates as FOMC Minutes Underscore Divided Fed The FOMC minutes from the September Fed meeting just crossed the wires, which revealed central bank officials have split outlook regarding balance sheet growth & future monetary policy decisions.   US Dollar Gains Limited Ahead of FOMC Minutes – Key Levels for DXY Index & USD/JPY The DXY Index has made little progress in recent days, and as a result, prices have begun to coil ahead of the September FOMC minutes.   US Dollar…

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