Tag: USD

USD Daily Review for April 22, 2019 Euro Fundamental Outlook: EURUSD Crumbles on Euro-Zone Growth Fears Markets are unforgiving, and the Euro is currently under the pump with very little currently in the way of support to help stem the ongoing sell-off.   US Dollar Weekly Technical Outlook: Big Test of Resistance Nearing The US Dollar Index remains confined within a big-picture wedge, a test of the top of this pattern is just on the horizon   US Dollar May Rise on Haven Flows as Markets Turn Defensive The US…

USD Daily Review for April 19, 2019 US Dollar Price Action Setups in EUR/USD, GBP/USD and AUD/USD The US Dollar began to show breakout tendencies ahead of a long weekend, making for a difficult backdrop to chase fresh themes.   Euro Weekly Price Outlook: EUR/USD Coils – Breakout Pending Euro turned just ahead of resistance this week with the price consolidation coiling into the April range. Here are the levels that matter on the EUR/USD weekly chart.   USDJPY: Traders Remain Net-Short Since March 31 The combination of current sentiment…

USD Daily Review for April 18, 2019 Near-term Trade Setups in USD/CAD and AUD/USD An update on near-term trade setups we’ve been tracking in Loonie (USDCAD) and Aussie (AUD/USD). These are the targets and invalidation levels that matter this week.   Next Brexit Steps to Prove Pivotal for EURGBP, GBPJPY, GBPUSD Prices Brexit is out of the headlines for now. All of that will change next week.   CAD Soars, Crude Oil Pushes Higher, GBPUSD Eyes 1.30 Support – US Market Open CAD Soars, Crude Oil Pushes Higher, GBPUSD Eyes…

USD Daily Review for April 17, 2019 FX Price Action Setups in EUR/USD, GBP/USD, AUD/USD and USD/CAD Congestion and digestion has continued across FX-pairs, leading to a series of setups across and around the US Dollar.   Currency Volatility: USDCAD and AUDUSD Traders Eye Upcoming Data Overnight implied volatility on USDCAD and AUDUSD forex option contracts jumps to weekly highs ahead of tomorrow’s barrage of economic data.   EURUSD: Sentiment Signals Prices May Continue to Fall Traders are further net-long than yesterday and last week, and the combination of current…

USD Daily Review for April 16, 2019 Kiwi Price Outlook: New Zealand Dollar Recovery could be Short-Lived Kiwi rebounded off key support last week but remains at risk while below the April open. Here are the targets and invalidation levels that matter on the NZD/USD charts.   Gold Holding Critical Support, EURUSD Eyes Rebound, GBPUSD Outperforms – US Market Open Gold Holding Critical Support, EURUSD Eyes Rebound, GBPUSD Outperforms – US Market Open   Weekly Technical Forecast: A EURUSD Reversal, USDJPY Break and S&P 500 Near Record, But Momentum? There…

USD Daily Review for April 15, 2019 Weekly Technical Forecast: A EURUSD Reversal, USDJPY Break and S&P 500 Near Record, But Momentum? There were a range of impressive technical moves this past week across the markets. Will we find momentum to supplant the tentative breaks and reversals already secured?   Euro Fundamental Outlook: Will Data Support EURUSD Break? Markets are likely to stay quite next week as Easter nears, but data releases through the week may well decide if EURUSD can retain the 1.1300 level in the short-term.   US…

USD Daily Review for April 12, 2019 Spot Gold Price Chart Reveals Plunge Towards Support as USD Rips Higher Spot gold is coming under pressure today, likely in response to a surging US Dollar following less-dovish remarks from Fed officials revealed in the latest FOMC minutes. Which key XAUUSD technical levels might be targeted next?   Canadian Dollar Price Outlook: USD/CAD Eyes Breakout as Loonie Coils Loonie is unchanged on the week as price narrows within a multi-month consolidation range. Here are the targets & invalidation levels that matter on…

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…

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.…