Tag: USD

USD Daily Review for November 13, 2019 Australian Dollar Outlook: AUD/USD, AUD/NZD Levels Ahead of RBNZ The Australian Dollar has enjoyed a boost from a recent improvement in US-China trade tensions but could look to the neighboring RBNZ for early direction this week.   US Dollar Resistance Test: Trade or Fade USD, EUR/USD, AUD/USD The US Dollar has clawed back half of last month’s losses, and a couple of big drivers sit on the docket for the next two days in the US.   Canadian Dollar Outlook: USD/CAD Breakout Fizzles-…

USD Daily Review for November 12, 2019 Australian Dollar Outlook: AUD/USD, AUD/NZD Levels Ahead of RBNZ The Australian Dollar has enjoyed a boost from a recent improvement in US-China trade tensions but could look to the neighboring RBNZ for early direction this week.   USD/CAD Following BOC Rate Odds; NZD/USD Awaits RBNZ Rate Cut – Central Bank Watch Elsewhere, rate cut odds for the Reserve Bank of Australia have dropped, giving AUD/USD room to trade higher in recent weeks.   Brexit Latest: GBP/USD Surges as Nigel Farage Boosts Boris Johnson’s…

USD Daily Review for November 11, 2019 US Dollar Outlook Bullish on CPI, Fed Comments, Trade Talks The US Dollar may rise in the week ahead if US CPI and retail sales data cool the need for Fed rate cuts against the backdrop of improving US-China trade talks.   US Dollar Outlook: USD Implied Trading Ranges for Next Week USD/JPY, USD/CAD, USD/MXN, AUD/USD, NZD/USD and GBP/USD are the primary US Dollar currency pairs that appear at risk of experiencing heighted volatility next week – USD levels to watch.   Japanese…

USD Daily Review for November 8, 2019 Bitcoin Forecast: USD/CNH Decline May Fuel BTC/USD Bears A substantial improvement in US-China trade relations could have an adverse impact on Bitcoin as USD/CNH falls under pressure.   USD/CAD Following BOC Rate Odds; NZD/USD Awaits RBNZ Rate Cut – Central Bank Watch Elsewhere, rate cut odds for the Reserve Bank of Australia have dropped, giving AUD/USD room to trade higher in recent weeks.   Euro Forecast: EUR/USD Reversal Gathers Pace; EUR/JPY Maintains Flag EUR/USD has been under renewed pressure in recent days, while…

USD Daily Review for November 7, 2019 Sterling Price Outlook: British Pound Breakout Stalls-GBP/USD Levels Sterling is on the defensive ahead of the BoE decision with British Pound holding a three-week price range. Here are the levels that matter on the GBP/USD weekly chart.   USD/CNH Above 7.0, Gold Pops on US-China Trade Deal Delay USD/CNH spiked back above the taboo 7.0000 price level while gold prices jumped and equities slid in response to reports that the phase one US-China trade agreement could be breaking down.   US Dollar Slips,…

USD Daily Review for November 6, 2019 USD Spikes, Gold Sinks as ISM Services PMI Tops Estimates The ISM Services/Non-Manufacturing PMI for October crossed the wires with a print of 54.7 vs estimates of 53.4 and prior reading of 52.6.   US Dollar Gains, EUR/USD Suffers, AUD/USD at Potential Turning Point – US Market Open US Dollar Gains, EUR/USD Suffers, AUD/USD at Potential Turning Point – US Market Open   US Dollar Prices Continue Support Bounce: USD/CHF, GBP/USD, AUD/USD The US Dollar has continued to bounce after last week’s test…

USD Daily Review for November 5, 2019 US Dollar Technical Outlook: EUR/USD, GBP/USD, USD/CAD, USD/JPY The US Dollar has grasped on to support at two-month-lows after last week’s FOMC and NFP outlays. Can USD bears break-through?   EUR/USD Awaits ECB Lagarde’s First Speech, US Signal No Auto-Tariffs – US Market Open EUR/USD Awaits ECB Lagarde’s First Speech, US Signal No Auto-Tariffs – US Market Open   GBP/USD slides further below 1.2900 on stronger US Dollar The GBP/USD pair dropped further under 1.2900 and printed a fresh daily low at 1.2875.…

USD Daily Review for November 4, 2019 GBP/USD Rate Recovery to Persist If BoE Alters Forward Guidance Fresh updates from the Bank of England (BoE) may fuel the recovery in GBP/USD if the central bank alters the forward guidance for monetary policy.   US Dollar Outlook: Implied Volatility & Trading Ranges for Next Week Check out the latest US Dollar options-implied trading ranges on major USD currency pairs with ISM Services PMI, initial jobless claims, consumer credit and sentiment data due for release next week.   Canadian Dollar Outlook: USD/CAD…

USD Daily Review for November 1, 2019 Post-Fed USD Price Action Setups: EUR/USD, GBP/USD, AUD/USD, USD/JPY Today brought the Fed’s third rate cut for this year, and questions abound about what the bank might do at their final rate decision of 2019 in December.   US Dollar Whipsaws on Powell Presser, FOMC Firms Language The Federal Reserve just revealed its third straight 0.25% interest rate cut, but firmer language in the FOMC policy statement sent the US Dollar surging only to pivot lower during Fed Chair Powell…   FOMC Rate…