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Foreign Exchange

News Reviews USD 

USD Daily Review June 26, 2019

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USD Daily Review for June 26, 2019 US Dollar Price Volatile as Fed Comments Collide with Trump The DXY Index has seen prices whipsaw this afternoon amid a flurry of comments from US policymakers.   Sterling Dollar Price Chart: GBP/USD Recovery Fails at Yearly Open Sterling turned from yearly open resistance today & leaves the recent advance vulnerable into the June close. Here are the levels that matter on the GBP/USD price chart.   US Dollar Price Action Setups in EUR/USD, USD/JPY, USD/CAD, AUD/USD This is a walk-through of the…

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GBP News Reviews 

GBP Daily Review June 26, 2019

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GBP Daily Review for June 26, 2019 EUR/GBP drops and test the vicinity of 0.8900 on EUR selling The now selling mood around the shared currency is dragging EUR/GBP to test the proximity of the 0.8900 handle, although meeting quite decent contenti   Sterling Dollar Price Chart: GBP/USD Recovery Fails at Yearly Open Sterling turned from yearly open resistance today & leaves the recent advance vulnerable into the June close. Here are the levels that matter on the GBP/USD price chart.   GBP/USD: Net-Long Positions decrease by 20.2% from Last…

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EUR News Reviews 

EUR Daily Review June 26, 2019

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EUR Daily Review for June 26, 2019 EUR Futures: bullish with caution Open interest in EUR futures markets rose for the third session in a row on Monday, this time by around 5.8K contracts, while volume contracted by aro   EURUSD Chart Analysis: Euro May Turn Lower From 3-Month High The Euro has advanced to a three-month high against the US Dollar, but technical positioning warns that a downturn may be in the cards ahead.   EUR/GBP drops and test the vicinity of 0.8900 on EUR selling The now selling…

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JPY News Reviews 

JPY Daily Review June 25, 2019

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JPY Daily Review for June 25, 2019 EUR/JPY technical analysis: Reversal from 12-day top signals 200-HMA re-test Having failed to clear the late-June 13 top drags the EUR/JPY pair to short-term key support confluence as it takes the rounds to 121.95 on early Tuesday.   USD/JPY technical analysis: Offered near 5-day MA, hits fresh 5.5-month low on risk-off The bid tone around the anti-risk Japanese Yen has strengthened amid risk aversion in the Asian stock markets. USD/JPY is currently trading at 107.03,   GBP/JPY technical analysis: Aims for immediate resistance-line,…

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AUD News Reviews 

AUD Daily Review June 25, 2019

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AUD Daily Review for June 25, 2019 AUD/USD: Bulls dominate near fortnight top, 50-DMA Extending its week-long upward trajectory, the AUD/USD pair is trading near a fortnight top while quoting 0.6966 amid the early Asian session on Tuesday.   AUDUSD Rate Approaches Monthly High with US & China to Meet at G20 Recent price action in AUDUSD brings the monthly-high (0.7022) on the radar as the exchange rate extends the series of higher highs and lows from the previous week.   AUD/USD consolidates recent gains to 2-week tops, just above…

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News Reviews USD 

USD Daily Review June 25, 2019

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USD Daily Review for June 25, 2019 Forex Volatility: EURUSD, AUDJPY & USDCNH Eye Data, G20 Summit Currency volatility shows signs of creeping higher as traders digest the latest monetary policy stances from global central banks while speculation over US-China trade war progress at the upcoming G20 summit mounts.   Canadian Dollar Price Outlook: Loonie Gains Slam USD/CAD into Support An outside-weekly reversal in the Canadian Dollar cleared the monthly range last week. Here are the levels that matter on the USD/CAD price charts into the June close.   EUR/USD:…

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GBP News Reviews 

GBP Daily Review June 25, 2019

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GBP Daily Review for June 25, 2019 GBP/USD refreshes session lows, once again fails near 1.2760 supply zone The GBP/USD pair quickly retreated around 40-45 pips during the early European session and dropped to fresh session lows, around the 1.2630-20 region   EUR/GBP forecast at 0.90 over the summer – Danske Bank Analysts at Danske Bank, expect the EUR/GBP pair to trade near 0.90 over the summer but the risk of moving towards 0.91 has clearly diminished as the   GBP/USD technical analysis: Cable holding above 1.2700 handle GBP/USD is…

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EUR News Reviews 

EUR Daily Review June 25, 2019

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EUR Daily Review for June 25, 2019 Euro Nervously Eyes G20 Summit Outcome, Italy Budget Dispute With a relatively light economic docket in the US and Europe, the Euro may find itself focusing on lingering fundamental risks and themes including the G20 summit and a budget dispute with Italy.   Weekly Euro Forecast: Last Week of June Awaits Euro Inflation Data Euro gains have been largely built upon crumbling US Dollar; elsewhere, speculation that the ECB will introduce new stimulus soon has weighed on the Euro. The upcoming June Eurozone…

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JPY News Reviews 

JPY Daily Review June 24, 2019

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JPY Daily Review for June 24, 2019 USD/JPY technical analysis: 107.77/81 caps latest bounce off 23.6% Fibo. Oversold levels of 14-day relative strength index (RSI) played its role in fetching the USD/JPY pair upwards towards near-term important resistance.   GBP/JPY technical analysis: Short-term resistance-line questions 200-HMA breakout GBP/JPY breaks 200-HMA but is yet to cross 12-day long resistance-line as it takes the rounds to 136.85 during early Monday.   USD/JPY sticks to modest gains, lacks follow-through beyond mid-107.00s The USD/JPY pair struggled to register any meaningful recovery and remained well…

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AUD News Reviews 

AUD Daily Review June 24, 2019

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AUD Daily Review for June 24, 2019 AUD/USD eases from tops, still well bid near mid-0.6900s The AUD/USD pair remained well bid through the early European session and remained well within the striking distance of near two-week tops set earlier   Forex Volatility: EURUSD, AUDJPY & USDCNH Eye Data, G20 Summit Currency volatility shows signs of creeping higher as traders digest the latest monetary policy stances from global central banks while speculation over US-China trade war progress at the upcoming G20 summit mounts.   USD Suffers as Key Support Breaks,…

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