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USD Daily Review April 30, 2019

USD Daily Review for April 30, 2019

GBPUSD: 73.4% of Traders Remain Net-Long

Though traders are less net-long than yesterday and compared with last week, these changes are relatively small. As a result, the current sentiment suggests a bearish trading bias.


EURUSD: Net-Short Positions Increased by 20.4% from Last Week

Positioning is less net-long than yesterday but more net-long from last week. The combination of current sentiment and recent changes gives us a further mixed EURUSD trading bias.


Top 5 Events: April US Nonfarm Payrolls & EURUSD Price Forecast

The April US Change in Nonfarm Payrolls report is due on Friday at 12:30 GMT.


Top 5 Events: May Fed Meeting & USDJPY Price Forecast

The May Fed meeting will conclude on Wednesday, May 1 at 18:00 GMT.


Currency Volatility: GBPUSD, NZDUSD, USDTRY Weekly Outlook

Currency Volatility: GBPUSD, NZDUSD, USDTRY Weekly Outlook


Top 5 Events: February Canada GDP & USDCAD Price Forecast

The February Canada GDP report is due on Tuesday, April 30 at 12:30 GMT.


Weekly Technical Forecast: Key EURUSD, Nasdaq and Crude Oil Breaks Need Follow Through

We have experienced a number of key technical breaks just this past week alone. The Dollar broke to a near two-year high, the Nasdaq revived its charge to record highs and crude oil has put in for a tentative reversal.


US Dollar Price Outlook: USD Tests Support to Start Big Week of Data

The US Dollar broke-out last week amid a seeming lack of drivers, but this week’s calendar is loaded. Can Dollar bulls extend the move as USD holds higher-low support?


GBPUSD Holds 1.29, Crude Oil Bounces Off Support – US Market Open

GBPUSD Holds 1.29, Crude Oil Bounces Off Support – US Market Open


EUR/USD advances to 5-day highs, can it take out 1.12?

After posting its lowest weekly close since May of 2017 at 1.1150, the EUR/USD pair staged a recovery on Monday and rose to its highest level in five


EUR/USD: US Dollar weakness potential limited by ECB – Danske Bank

According to analysts from Danske Bank, the European Central Bank has introduced an easing risk premium on the euro which could increase, a negative f


USD/CAD bearish correction holds above key 61.8% Fibo, but WTI also supported

The Loonie is correlated to the oil market given Canada’s economic dependency of the market where the exportation of crude oil itself represents 10% o


EUR/USD Technical Analysis: Euro flirting with 1.1200 figure

EUR/USD daily chart EUR/USD is trading in a bear trend below its main simple moving average (SMAs). EUR/USD 4-hour chart EUR/USD is trading below its


AUD/USD: Plenty for traders to deal with this week ahead of the RBA (Will the RBA cut?)

First of all, we have Chinese April PMI data today, and then, U.S. ISM manufacturing, EU GDP, the FOMC and US jobs data at the end of the week, all of


USD/JPY Technical Analysis: Greenback bulls looking at the 112.05 resistance

USD/JPY daily chart USD/JPY is trading in a bull trend above its main SMAs. USD/JPY 4-hour chart USD/JPY is consolidating the recent gains above the 1


USD/CAD: Loonie should start finding better support – CitiBank

In their weekly strategy report, analysts at Citibank forecast the USD/CAD will trade around 1.33 in a 0-3M period and around 1.31 in 6-12M. They see


USD/JPY finds resistance ahead of 112, clings to gains amid rising T-bond yields

The USD/JPY pair started the week in a calm manner and spent the Asian session moving sideways near 111.60 before gaining traction in the second half


USD/CHF Technical Analysis: Greenback bulls looking to extend the trend towards 1.0300 figure

USD/CHF monthly chart USD/CHF is trading at its highest level since January 2017. USD/CHF is trading above its main monthly simple moving avearges (SM


USD/MXN rises back above 19.00 as Mexican peso weakens

The Mexican peso is falling against the US Dollar on Monday, following a 2-day rally. The USD/MXN found support at 18.90 and rose back above 19.00 and


USD/MXN Forecast April 30, 2019

The US dollar initially pulled back during the trading session on Monday, but found support again at the 18.90 pesos level, to turn and slam into the 19 peso…


EUR/USD and GBP/USD Forecast April 30, 2019

The Euro broke higher during the trading session on Monday, reaching towards the crucial 1.12 resistance barrier. This is an area that should cause quite a b…


AUD/USD remains positive around 0.7060 ahead of China PMI

The AUD/USD pair holds the strength by being around 0.7055 during the early Asian session on Tuesday while investors await China PMI.


NZD/USD: Traders await China/New Zealand data near 0.6670 immediate resistance-line

NZD/USD seesaws near five-week-old descending trend-line resistance, around 0.6670, at the start of Asian trading on Tuesday.


US Dollar Index Technical Analysis: DXY losing steam below the 98.00 mark

DXY daily chart The US Dollar Index (DXY) is trading in a bull trend above its main simple moving averages (SMAs). DXY is correcting down just below t


S&P 500 and Dollar Trip Crossing the Breakout Finish Line, What to Watch Now?

EURUSD is still holding below 1.1200 but the Dollar charged zero momentum and the Euro is now in the pull of the 1Q EZ GDP data run


Australian Dollar Wilts As China Manufacturing PMI Misses Forecasts

The Australian Dollar was hit hard by PMI data showing that China’s manufacturing sector grew very marginally in April


AUD/USD Technical Analysis: Aussie Outlook Bearish Despite Bounce

The Australian Dollar managed a bounce having found support below the 0.70 figure but overall positioning still seems to favor a bearish trend bias.


Euro Gains But Resistance May Sink EUR/USD, AUD/USD Eyes China PMI

The Euro gained as markets digested Italy avoiding a sovereign credit rating downgrade, EUR/USD may turn lower as resistance holds. AUD/USD may rise on China manufacturing PMI data.


GBP/USD struggles to break 2-week old resistance-line amid political uncertainty at UK

GBP/USD struggles to break 2-week old resistance-line amid political uncertainty at UK and Brexit developments on Tuesday.


EUR/USD revisits former support-turned-hurdle ahead of key Eurozone data releases

EUR/USD’s corrective bounce could be short-lived if the key German data, due for release today, print below estimates. The shared currency jumped 0.41


USD/JPY technical analysis: Falls back to 200-day MA, further losses likely

USD/JPY created an inverted bullish hammer at the 200-day moving average (MA) line on Monday. So far, however, the follow-through has been anything bu


USD/IDR technical analysis: Pulls back sharply from session highs, channel breakout elusive

USD/IDR has faded the spike to a session high of 14,298 and is currently reporting marginal gains at $14,200. Essentially, the pair has created a dail


AUD/USD slips 30 pips on below-forecast China PMI

The Aussie dollar is feeling the pull of gravity, courtesy of a weaker-than-expected China factory activity data published by the National Bureau of S


EUR/USD drops near 1.1170 ahead of key EMU data

The buying interest around the single currency seems to be losing some momentum on Tuesday and is motivating EUR/USD to probe the 1.1180/75 band ahead


USD/CNH technical analysis: Sellers keep lurking around 6.7480/85

Following its failure to cross a horizontal-line since April 25, USD/CNH is trading near 6.7430 ahead of the European open on Tuesday.


USD/INR risk reversals hit 4.5-month high on rising INR put demand

One-month 25 delta risk reversals (INR1MRR), a gauge of puts to calls on the Indian National Rupee (INR), has hit the highest level since mid-December


Sterling (GBP) Price Outlook – GBPUSD & EURGBP

Sterling is getting a lift in early turnover against the US dollar and the Euro, although the single-currency is getting a boost from positive economic data.


Copper Price Outlook: Support Holds as USD Drop Offsets Chinese PMI Miss

Copper Price Outlook: Support Holds as USD Drop Offsets Chinese PMI Miss


USD/TRY approaches 6.00 on further Lira weakness

The Turkish Lira remains in free-fall so far this week and it has lifted USD/TRY to new yearly highs beyond the 5.9800 handle earlier in the session.


Gold takes advantage of USD weakness, advances to daily highs above $1285

The XAU/USD pair dropped to $1280 area on Monday as rising US Treasury bond yields made it difficult for the safe-haven precious metal to find demand.


EUR/USD pops to session highs beyond 1.1200 on EMU data

The upbeat tone in the single currency remains well and sound on Tuesday and is now lifting EUR/USD to levels beyond 1.1200 the figure, or weekly high


Dollar Breakout Under Fire; EURUSD, GBPUSD & Gold Price Charts

The DXY is testing big breakout support; how the Euro acts is first and primary, cable at spot on chart, gold trying to benefit from weakness but struggling….


Eurozone Q1 GDP Beats Expectations, EURUSD Supported

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