Tag: USD

USD Daily Review for August 19, 2019 Trading Forecast: EURUSD and Dow Bearings Rest on Jackson Hole, Trump Scheduled event risk is starting to give way to sentiment and systemic fundamental concerns a prospect that threatens volatility at a time of year when quiet is supposed to prevail. Trade wars are finding guidance from headlines that President Trump regularly tops, while recession fears are tied more closely to   Top Market Charts for Next Week: Dollar, Gold, Oil, Dow and More An unexpected buoyancy in volatility is the common feature…

USD Daily Review for August 16, 2019 USD/JPY: US Dollar Price Action Eyes Consumer Sentiment Survey USDJPY forex traders gear up for potentially sizable swings in spot prices with high-impact event risk surrounding Friday’s release of August Consumer Sentiment data on deck.   FX Price Action Setups in EUR/USD, USD/CAD, EUR/JPY and GBP/JPY The headlines have remained busy and this morning brought another item of importance around the potential for more ECB QE.   Silver Price Targets: XAG/USD Hits Trend Resistance at Yearly Highs Silver prices rallied to fresh yearly…

USD Daily Review for August 15, 2019 USD/MXN: Peso Eyes Mexico Central Bank Interest Rate Decision The Mexican Peso is at risk with the country’s central bank slated to release its latest monetary policy update which could reveal an interest rate cut. Where might USDMXN head next?   Crude Oil Price Triangle Persists – Downside Break May Help USD/CAD With the US economy in the spotlight thanks to speculation that bond markets are signaling a recession in 2020, crude oil prices are losing ground once more.   Near-term Trade Setups…

USD Daily Review for August 14, 2019 US Dollar Price Action Setups in EUR/USD, USD/CAD, USD/CHF and Gold It’s been a busy morning across global markets and the volatility doesn’t appear ready to yet go away. This webinar looks at numerous setups.   GBP/USD & GBP/JPY Stem the Bleeding on Latest Brexit News Attempts by new UK Prime Minister Boris Johnson to reframe the Brexit negotiations appear to be falling on deaf ears in Brussels.   EUR/USD: Retail Trader Data shows that 52% of Traders are Net-Long Yet traders are…

USD Daily Review for August 13, 2019 Fintech Debt Investors Follow Equity Dollars Into Latin America Fintech firms in Latin America are having a moment with the equity investing titans of the world, and debt investors are taking note.   EUR/USD Rate at Risk Ahead of US Inflation, Eurozone ZEW Data EURUSD overnight implied volatility jumps to multi-week highs as forex traders turn to Tuesday’s release of ZEW Eurozone Economic Sentiment Survey and US inflation data for the currency pair’s next direction.   USD/CNH: Watch Chinese Yuan, PBoC for US-China…

USD Daily Review for August 12, 2019 Weekly Trading Forecast: Dollar, Equities and Gold Still Dialed Into Trade Wars There was a healthy mix of fundamental fuel this past week, but scheduled event risk and themes like systemic growth gave way to the more headline-worthy trade wars. That is likely to remain the case moving forward even if there are few opportunities for linear escalation of this systemic financial   DXY Weekly Price Outlook: Is the Reign of King Dollar Over? Is the US Dollar reversal from key uptrend resistance…

USD Daily Review for August 2, 2019 EUR/USD: Expect US NFP Jobs Data to Spark Forex Volatility Spot EURUSD forex traders might expect elevated periods of volatility around monthly US nonfarm payrolls data.   FX Price Action Setups in GBP/USD, USD/CAD and USD/JPY It’s been messy since yesterday’s FOMC rate cut and tomorrow brings Non-Farm Payrolls out of the US. Look for volatility to continue.   US Dollar Rises on Non-Committal Fed, GBP & EUR Extends Losses – US Market Open US Dollar Rises on Non-Committal Fed, GBP & EUR…

USD Daily Review for August 1, 2019 US Dollar Rallies to Fresh Yearly Highs as Fed Cuts Rates by 25-bps With a contingent of the market holding out for a 50-bps rate cut, the US Dollar is gaining ground as dovish policy bets are unwound.   US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/JPY, USD/CHF The US Dollar has held lower-high resistance ahead of the FOMC’s widely-expected rate cut. But what’s in store for the rest of 2019?   Japanese Yen Price Chart: USD/JPY Breakout Trade Levels for FOMC An…