Tag: USD

USD Daily Review for February 19, 2019 Will The Japanification of Europe Help The U.S. Dollar? With the daily chaos in Washington and policy and political uncertainty in major money centers around the world, it is no wonder that divining the direction of currencies, has become for many a full-time profession. European economic woes may end up helping support the dollar.   Weekly Technical Forecast: Dollar, Equities, Crude and Gold All Extend Their Climb to Key Resistance There was a broad advance in the run of speculative-leaning equities, commodities and…

USD Daily Review for February 18, 2019 Weekly Technical Forecast: Dollar, Equities, Crude and Gold All Extend Their Climb to Key Resistance There was a broad advance in the run of speculative-leaning equities, commodities and currencies this past week. The pace was uneven, but the progress was   EURUSD Weekly Technical Forecast: Euro Flirting with Support Break The Euro flip-flopped last week as it tested important support, with character in price action showing signs of changing it may be on the cusp   Dollar Within Reach of Two-Year High but…

USD Daily Review for February 15, 2019 JPMorgan Announces ‘JPM Coin,’ A USD-Pegged Cryptocoin For Cross-Border Payments, Security, And More After years of bitcoin skepticism, Jamie Dimon-led JPMorgan launches first bank-backed cryptocurrency.   FX Price Action Setups in EURUSD, USDCHF and the US Dollar A number of price action setups were discussed in this webinar, with focus around the US Dollar and related pairs.   Sterling Weekly Price Outlook: GBP/USD Breakdown Facing Key Support A three-week decline in the British Pound has taken price back into critical support at the…

USD Daily Review for February 14, 2019 NZDUSD Elliott Wave Analysis: Triangle Takes Over NZDUSD appears to be carving a bullish triangle wave in Elliott wave terms. This implies sideways consolidation and eventual break higher while holding above .6423.   NZD/USD Rallies on Mixed RBNZ Guidance- Orr Testimony in Focus The testimony with RBNZ Governor Adrian Orr may continue to shake up NZD/USD as the central bank warns that the next move in the cash   GBPUSD: Cable Catches Support at Key Zone – Can Bulls Hold the Line? Cable…

USD Daily Review for February 13, 2019 GBPUSD: Prices May Continue to Fall Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBPUSD-bearish contrarian trading   Top 3 Things for USD Traders to Watch the Rest of this Week Don’t miss the top 3 things USD currency traders will have their eyes on the rest of this week as they aim to gauge the   Post-NFP USD/JPY Rally Gathers Pace as U.S. Averts Another Shutdown USD/JPY breaks…

USD Daily Review for February 12, 2019 EUR/USD Weekly Price Outlook: Euro Challenges 1.13 Support Pivot Euro is attempting to break below a critical support zone with price testing fresh nine-week lows. Here are the levels that matter on the EUR/USD   Bearish Impulse Hits S&P 500 Rally; EURUSD and DXY Diverge The SP 500 rally has pressed limits to an immediate extended third wave correction though short term evidence of bearish impulse builds. EURUSD has failed   EUR/USD: Traders Net-Long Increase from Last Week Traders are further net-long than…

USD Daily Review for February 11, 2019 New Zealand Dollar Weekly Technical Forecast: NZDUSD Forms a Wedge, NZDJPY Rests on Support Technical levels will dictate the depth of price action this week as the New Zealand Central Bank will offer commentary on its Official Cash Rate.   Range, Break or Trend Conditions for Dollar, Euro, Pound? We have seen some wild swings from the likes of the S&P 500 and oil recently, but these are not trend-type markets   What are the Chances of a S&P 500 Reversal, EURUSD Breakout,…

USD Daily Review for February 8, 2019 How To Buy A 7.6% Yield For 88 Cents On The Dollar The last time we had this Fed setup, these safe 6%+ paying bonds jumped 20% in the year ahead!   Japanese Yen Weekly Price Outlook: Pending USD/JPY Range Break Dollar is virtually unchanged vs the Japanese Yen a month into 2018 with price holding a well-defined range. Here are the levels that matter on   USD in Demand By Default, CAD Drops, GBP Short Covered – US Market Open USD in…

USD Daily Review for February 7, 2019 EURUSD Bullish Bias, Position Pending Resistance Breakthrough EURUSD has faced months of congestion but a dovish shift from the Federal Reserve may serve to spur buying pressure for the Euro.   GBPUSD: Sentiment Suggests Bearish Trading Bias Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBPUSD-bearish contrarian trading   EUR/USD Suggests a Bearish Bias Traders are further net-long than yesterday and last week, and the combination of current sentiment…

USD Daily Review for February 6, 2019 FX Price Action Setups in USD/JPY, AUD/USD and USD/CAD Risk on has taken hold across equities, but many FX markets remain in some state of mean reversion. In this webinar, the US Dollar was   Canadian Dollar Price Outlook: USD/CAD Testing Key Trend Support Price continues to trade within a descending channel with the decline eyeing slope support. Here are the targets & invalidation levels that matter on the   AUDUSD Bulls Push the Bid from Key Support as USDJPY Re-Tests 110.00 While…