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USD Daily Review August 1, 2019

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 outside-day reversal off resistance leaves the immediate focus on a breakout of the recent price range. Here are the levels that matter on the USD/JPY charts.


EUR/USD technical analysis: Euro prints a new 2019 low as the Federal Reserve cuts interest rates


USD/MXN rebounds sharply from weekly lows toward 19.20 after Fed cut rates

The USD/MXN was trading below 19.00, at the lowest level in twelve days and looking at the 18.90 critical support but reversed sharply and jumped to 1


US Dollar Index technical analysis: DXY reaches a new 2019 high at 98.68 as the Federal Reserve cuts rates

DXY daily chart DXY (US Dollar Index) is trading in a bull trend above its main daily simple moving averages (DSMAs). DXY rose as the Federal Reserve


USD/CHF hits 2-day highs on Fed rate cut and retreats

The USD/CHF pair jumped to 0.9927, the highest level since Monday after the announcement. Shortly afterwards retreat erasing most of the gains and mov


GBP/USD technical analysis: Cable drops and challenges 1.2200 as Fed cuts rates


USD/CAD rallied over 0.40% on Fed’s insurance rate cut producing a stronger Dollar

The Federal Reserve has done pretty much hat the market had expected in terms of the rate cut, choosing to cut by 0.25%. However, the statement is pre


USD/JPY spikes to 108.87 and retreats almsot all the way back after Fed cut rates

The USD/JPY pair jumped to 108.87, reaching a fresh daily high after the FOMC released its statement. From the top, the pair pulled back to the previo


AUD/USD drops 0.40% on Fed one-and-done cut

AUD/USD has dropped significantly by over 0.30% on the back of the Federal Reserve interest rate decision to cut 0.25% on muted inflation pressures an


Breaking: EUR/USD crashes below 1.11, lowest since May 2017

The EUR/USD came under strong bearish pressure in the last minutes as the Greenback gathered strength following the Federal Reserve’s policy statement


EUR/USD drops to fresh 2-year lows below 1.1100 as Fed cut rates as expected

The EUR/USD pair dropped from 1.1130 to 1.1084 hitting the lowest level since May 2017. Then it bounced to the 1.1100 area. Market volatility was high


NZD/USD traders counting down to the Fed against a dovish RBNZ backdrop

NZD/USD is down on the day so far by 0.31% at the time of writing, continuing to bleed out from the recent turn of the screw with respect to sentiment


USD/JPY and AUD/USD Forecast August 1, 2019

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EUR/USD and GBP/USD Forecast August 1, 2019

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Get Ready for a Weaker U.S. Dollar… And Stronger Gold

With the Fed having locked in a rate cut, the question now is: What happens in the months to come? Is this simply a one-off, or is it indeed the start of a new easing cycle?


US Dollar Price Action Eyes BOE, PMI Data Post-Fed Rate Cut

The August Bank of England meeting and a string of manufacturing PMI data releases out of China, Canada and the US will follow the FOMC’s first rate cut in a decade. Where might the US Dollar head next?


USD/JPY technical analysis: Greenback erasing part of the Fed-inspired spike below 108.86 resistance


USD/JPY, GBP/JPY Price Outlook: Critical Levels to Consider

The significant technical levels USD/JPY and GBP/JPY traders may need to monitor.


EURUSD Slides to Two-Year Low, Oversold Signal Flashing

EURUSD is trading at lows last seen over two years after breaking noted support at 1.1107. While the outlook remains weak for the pair, the market is flashing a short-term oversold signal.


BoE Preview: GBPUSD Rate Vulnerable to Dovish Forward Guidance

The Bank of England (BoE) interest rate decision may shake up the near-term outlook for GBPUSD if the central bank alter the forward guidance for monetary policy.


GBPUSD Likely to Extend Decline After BoE Amid Rising Brexit Risk

US Dollar strength may continue to pressure GBPUSD as Brexit risks mount and an anxious BoE prepares to announce its rate decision and outlook for the UK.


USD/MYR Downtrend at Risk as USD/SGD, USD/PHP and USD/INR Follow

The Malaysian Ringgit is at risk to the US Dollar after USD/MYR cleared resistance. The USD/SGD may accelerate its uptrend as the USD/INR and USD/PHP climb towards resistance.


USDNOK, USDSEK Technical Analysis Post-FOMC Rate Decision

USDNOK and USDSEK spiked after the Fed surprised less dovish and now both pairs are on track to resume their prior uptrends.


EURUSD Searches for Support as Fed Tames Bets for Rate Easing Cycle

EURUSD searches for support ahead of the US Non-Farm Payrolls (NFP) report as the Federal Reserve tames speculation for a rate easing cycle.


USD Soars on Fed, Gold Price Cleared Support on Less Dovish Powell

The US Dollar soared as the Fed cut rates for the first time since 2008 but Chair Jerome Powell surprised less dovish, increasing the risk of a reversal in anti-fiat gold prices.


GBP/USD off 2-1/2 year lows, still in the red post-BoE

The GBP/USD pair held on to its weaker tone post-BoE, albeit has managed to recover around 15-20 pips from an early dip to sub-1.2100 level. The pair


Breaking: BOE refrains from detailing no-deal scenario, GBP/USD stablizes

— more to come Follow all the BOE and GBP/USD updates live The Bank of England was expected to leave the Official Bank Rate at 0.75% once again and v


GBP/USD drops below 1.21 for first time since Jan. 2017, eyes on BoE

The bearish pressure surrounding the GBP/USD pair remains intact on Thursday ahead of the Bank of England’s monetary policy announcements. As of writi


When is the BOE rate decision and how could it affect GBP/USD?

The Bank of England (BOE) is scheduled to announce its latest monetary policy update at 11:00 GMT on Thursday, which will be accompanied by the releas


USD/CHF eases from 6-week tops, up little around mid-0.9900s

The USD/CHF pair trimmed a part of its early strong gains and has now retreated around 25-pips from six-week tops set earlier this Thursday. The pair


US Dollar Index Technical Analysis: Next on the upside emerges 99.89, May 2017 high

Dollar Index Spot Overview Today last price 98.82 Today Daily Change 34 Today Daily Change % 0.25 Today daily open 98.57 Trends Daily SMA20 97.42 Dai


USD/CAD climbs further beyond 1.3200 handle, over 1-month tops

The greenback maintained its strong bid tone on Thursday, lifting the USD/CAD pair to over one-month lows, around the 1.3215-20 region during the earl


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