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USD Daily Review August 12, 2019

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 just a pullback or the start of something more ominous? Here are the levels that matter on the DXY weekly chart.


GBPUSD Rate Vulnerable to Slowing UK Inflation, Retail Sales

Fresh data prints coming out of the UK may do little to heighten the appeal of the British Pound amid the growing threat of a no-deal Brexit.


FX Week Ahead – Top 5 Events: July US Retail Sales Report & EUR/USD Rate Forecast

The July US retail sales report (retail sales advance) is due out on Thursday, August 15 at 12:30 GMT, and it is due to confirm signs that the US economy is slowing down.


FX Week Ahead – Top 5 Events: July Australia Jobs Report & AUD/USD Rate Forecast

The July Australia jobs report (employment change and unemployment rate) is due on Thursday, August 15 at 01:30 GMT, and consensus forecasts are looking for the jobs expansion to hit 12 consecutive months.


FX Week Ahead – Top 5 Events: July UK Inflation Report & GBP/USD Rate Forecast

The July UK inflation report (consumer price index) is due out on Wednesday, August 14 at 08:30 GMT, but the data will continue to be overshadowed by Brexit.


Australian Dollar Outlook in USD, CAD. Canadian Dollar May Gain?

The Australian Dollar is at risk to the US Dollar as AUD/USD upside progress lacks technical confirmation. The Canadian Dollar may gain as AUD/CAD faces near-term bearish signals.


US Dollar Price Outlook Eyes Trade War, Data Induced Fed Cuts

The US Dollar stumbled last week and is at risk of further downside if US-China trade tensions worsen and high-impact economic data due for release disappoints which stand to accelerate Fed rate cut bets.


Dollar Eases as Trump Maintains Pressure, Trade Wars Vs Seasonal Gravity Ahead

Trade wars was this past week’s principal driver and it is reasonable to suspect it will maintain this status moving forward


FX Week Ahead – Top 5 Events: July US Inflation Report & USD/JPY Rate Forecast

The July US inflation report (consumer price index) is due out on Tuesday, August 13 at 12:30 GMT, and the data are expected to show stability in price pressures.


USD/CNH: Watch Chinese Yuan, PBoC for US-China Trade War Gauge

Spot USDCNH price action could serve as a bellwether to where risk assets head next as markets remain on edge with US-China trade tensions heightened and looming risk of further escalation.


Bitcoin Price: Will BTC/USD Resume Recent Surge?

The technical key levels Bitcoin traders may need to monitor


EUR/USD technical analysis: Euro ending the week near the 1.1200 handle as the market stays trapped in a four-day range


US Dollar Index technical analysis: DXY ends the week within familiar ranges near the 97.55 level


GBP/USD extends slide, heads for lowest weekly close since 1985

Late on Friday, the Pound extended losses across the board with EUR/GBP approaching 0.9300 and GBP/USD hitting fresh 2-year lows under 1.2050. GBP dow


EUR/USD technical analysis: Fiber eases from daily highs, trading sub-1.1220 resistance


USD/JPY technical analysis: Rebounds from daily lows, lots of resistance ahead


USD/CAD returns to 1.3230 after spiking to 1.3274 on dismal Canadian jobs data

Following the disappointing labour market data from Canada, the USD/CAD pair rose sharply to a daily high of 1.3274 amid the strong selling pressure w


AUD/USD technical analysis: Aussie challenging the daily lows, sub-0.6800 figure


EUR/USD climbs above 1.12, looks to snap three-week losing streak

The EUR/USD pair gained traction into London fix and rose to a fresh daily high of 1.1218. As of writing, the pair was trading at 1.1215, adding 0.33%


AUD/USD retreats modestly below 0.6800, holds far from decade lows

The AUD/USD pair continues to move sideways on Friday, and also it is about to end the week unchanged after being able to recover from decade lows. Si


GBP/USD technical analysis: Cable under pressure near 32-month lows, sub-1.2100 handle


Arcadia Biosciences’ stock rockets on heavy volume after USDA approval of drought-tolerant soybeans

Shares of Arcadia Biosciences Inc. rocketed 97.5% on very heavy volume Friday, after Verdeca, a joint venture between Arcadia and Bioceres Crop Solutions…


US Dollar Price Charts for Next Week: GBPUSD, EURUSD, USDCAD & More

Looking ahead to next week, there are a few noteworthy technical developments to watch in USD pairs. #eurusd #gbpusd #usdcad -Subscribe to DailyFX: https://w…



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FX Price Action Setups: EUR/USD, USD/CHF, USD/CAD, NZD/USD

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USD/JPY and AUD/USD Forecast August 12, 2019

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EUR/USD and GBP/USD Forecast August 12, 2019

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USD/ZAR Forecast August 12, 2019

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USD/JPY and AUD/USD Forecast August 9, 2019

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EUR/USD and GBP/USD Forecast August 9, 2019

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AUD/USD bears the burden of trade pessimism with no fresh catalysts to follow

With the US and China keep being at loggerheads, AUD/USD fails to recover the latest losses while making the rounds to 0.6780 during initial Monday morning.


GBP/USD: All eyes on Brexit headlines as risk of no-Deal scenario heighten

GBP/USD has opened a touch higher at the start of the Asian session, +0.10% at the time of writing with a high of 1.2050 vs a low of 1.2034. Brexit re


NZDUSD Rebound Unravels as NZ Treasury Identifies Lower Bound for OCR

The ongoing trade dispute between the US and China may continue to drag on NZDUSD as it puts pressure on the RBNZ to further embark on its rate easing cycle.


EUR/USD Technical Analysis: Trend Aims Lower Despite Choppy Trade

Euro technical positioning is sending mixed signals yet again, but the long-term price trend still appears to point lower against the US Dollar.


USD/INR technical analysis: Choppy inside a Pennant formation

USD/INR follows a week-long Pennant formation while making the rounds to 70.94 ahead of the European session opening on Monday.


GBP/USD bears await major trade/political news to extend the move down below 1.2000

Despite the absence of relief in the no-deal Brexit scenario, the GBP/USD pair fails to extend the previous downpour beneath 1.2000 psychological mark.


EUR/USD resilient despite the spike in Italy-German yield spread

EUR/USD eked out moderate gains on Friday despite the big rise in the Itlay-German yield differential and remains bid above 1.12 ahead of the London o


USD/CHF technical analysis: Corrective bounce likely

USD/CHF could see a corrective bounce to the 10-day moving average (MA) of 1.0938 during the day ahead as technical charts are flashing early signs of


USD/JPY downside playing out in Asia, technical indicators remain within negative levels

USD/JPY has lost some ground as the yen takes up another bid while geopolitics keep the yen bulls in business ahead of a key week on the US calendar.


USD/CHF remains on the back foot as US-China trade stalemate extends

With the growing tension between the US and China pushing traders towards safe havens, the USD/CHF pair drops to 0.9718 during early Monday.


NZD/USD: Trimming losses on New Zealand Treasury’s comments that QE is less appealing

NZD/USD is recovering lost ground on comments by New Zealand’s Treasury that asset purchases or quantitative easing (QE) are a less appealing tool of


USD/CNH technical analysis: Buyers keep lurking around 1-year old resistance-turned-support

With its sustained trading beyond 1-year old rising trend-line, the USD/CNH pair takes the bids to 7.1015 during Monday morning in Asia.


EUR/USD technical analysis: Bid near 1.12, stuck in a pennant pattern

EUR/USD is mildly bid around 1.12 at press time, but the outlook remains neutral with the pair still trapped in a pennant pattern. Pennants are consid


USD/CAD: Another bounce off 21-day EMA as WTI refrains from extending latest recovery

Having registered one more U-turn from 21-day EMA, USD/CAD takes the bids to 1.3220 during early Monday.


Forex today: Dollar firms on 97 handle, correcting downside spike to the figure

Forex at the end of last week closed with a softer Dollar which was sent down to the test 97 the figure before moving back to the daily pivot point. T


USD/IDR technical analysis: Descending channel portrays gradual declines towards key supports

USD/IDR remains inside a short-term declining channel while taking rounds to 14,190 during the early Asian session on Monday.


US Dollar May Rise Against Euro as Italian Political Risk Mounts

The US Dollar and Swiss Franc may rise against the Euro as Italian politics may temporarily steal the spotlight as the biggest political risk in Europe next to Brexit.


US Dollar Outlook: Rupee, Ringgit, Rupiah at Risk as Capital Flees

The US Dollar may rise versus SGD, MYR, IDR, PHP and INR as the risk of US-China trade war escalation leaves emerging markets vulnerable to capital outflows. Malaysia, India CPI eyed.


GBP/USD technical analysis: Oversold RSI favors pullbacks to previous support-line

Despite trading near the lowest levels since early 2017, GBP/USD refrains from further downside as it makes the rounds to 1.2035 during early Monday.


USD/CAD technical analysis: Buyers await falling wedge breakout on H1 to defy recent pullback

Despite taking rounds to 1.3220 during early Monday, the USD/CAD pair forms a bullish technical pattern on the hourly chart.


US Dollar Index sidelined near 97.50, focus remains on trade

The greenback, in terms of the US Dollar Index (DXY), is prolonging the multi-session sideline theme in the 97.50 region at the beginning of the week.


EUR/JPY, USD/JPY Price: Trading Lower – Potential Reversal Points and Levels

EUR/JPY , USD/JPY special attention need to be paid at those technical levels and zones.


USD/CAD climbs higher toward 1.3250 as WTI breaks below $54

After starting the new week around 1.32 handle, the USD/CAD pair edged higher in the last couple of hours as the commodity-related Loonie struggled to


GBP/USD reverses the slide to 31-month lows, 1.2100 back on sight

The GBP/USD pair built on its recovery from 31-month lows of 1.2016 in the European session, having reversed the entire slide to now hover near the da


EUR/USD Technical Analysis: A new visit to 1.1100 and below still remains on the table

EUR/USD Overview Today last price 1.1178 Today Daily Change 50 Today Daily Change % -0.21 Today daily open 1.1201 Trends Daily SMA20 1.1176 Daily SMA


US Dollar Index Technical Analysis: Immediate target lines up at 97.87 ahead of 98.37

Dollar Index Spot Overview Today last price 97.62 Today Daily Change 27 Today Daily Change % 0.04 Today daily open 97.58 Trends Daily SMA20 97.65 Dai


AUD/USD sold-off into renewed risk-aversion wave, tests 0.6750

The selling interest around the AUD/USD pair gathered pace in the European trading after the US dollar regained ground across the board amid a major t


US dollar has further to rally despite FOMC rate cuts – Westpac

In the view of Elliot Clarke & Simon Murray, Analysts at Westpac, Expectations for rest of world are weaker than for the US economy, supporting the US


EUR/USD tumbles to session lows near 1.1170

EUR/USD is now accelerating the downside after breaking below the 1.1200 handle at the beginning of the week. EUR/USD focused on US-China trade, Italy


USD/JPY: Rebound still capped near 105.60 as trade jitters weigh

Having found fresh support near the seven-month low of 105.27 in early Asia, the USD/JPY pair attempted a recovery above the 105.50 level, only to run


Have a nice trading!

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