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USD Daily Review August 2, 2019

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 Extends Losses – US Market Open


USD Rate Cut Rally: US Dollar to Fresh Two-Year-Highs After FOMC

Yesterday’s FOMC brought a big move of USD strength as Gold prices breached short-term support. The focal point for today is around US equities.


USD/JPY: Number of Traders Net-Long Decreases by 14.8% from Last Week

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/JPY-bearish contrarian trading bias.


AUD/USD: Pumped up trade wars will be a major adversary for the RBA next week

AUD/USD has dropped to a fresh low of 0.6795 following today’s antagonistic announcements from the US president who has seemingly retaliated to what h


NZD/USD erases daily gains to mid-0.65s on US-China trade war headlines

After advancing to a fresh daily high of 0.6580 earlier in the session, the NZD/USD pair reversed its direction and erased its daily following US Pres


US Dollar Index technical analysis: Powell brings DXY up and Trump spoils the bull party


EUR/USD rallies 0.60% on a bad day for the Dollar and Trump’s latest tariff tweets

EUR/USD has been supported, finally, at the doldrums of the 1.10 handle. In most recent trade, the news that Trump is imposing addition tariffs has de


USD/JPY plummets below 107.60 area after Trump announces additional tariffs on China

The USD/JP pair came under strong bearish pressure in the last minutes and slumped to its lowest level since July 22 at 107.57. As of writing, the pai


USD/CAD technical analysis: Bouncing from daily lows as crude oil takes a dive


USD/CAD with room to decline near term – NBF

Over the near term, the Canadian dollar has room to strengthen against the US Dollar as interest rate spreads become more favorable, courtesy of the B


GBP/USD rebounds back to the 1.2150 area, supported by a retreat of the US Dollar

The GBP/USD pair rebounded during the American session, rising from 1.2078 to 1.2154. As of writing, it hovering around 1.2140/45, practically flat fo


AUD/USD technical analysis: Aussie off the 2019 low as bulls challenge daily highs near 0.6860 level


USD/CHF technical analysis: Greenback reverses daily gains against CHF, trading sub-0.9955 resistance


Gold rebounds from $1400, erases daily losses as US Dollar retreats

A day ago, Gold was trading above $1430/oz and recently it bottomed at $1400, the lowest level since July 17. After the beginning of the American sess


USD/CAD retraces daily rally, inches closer to 1.32 handle

The USD/CAD pair climbed to its highest level in more than five weeks at 1.3247 earlier today but started to erase its gains in the last few hours as


GBP/USD technical analysis: Cable having a small bounce from daily lows, sub-1.2135 resistance


USD/JPY drops to weekly lows near 108.30 on falling US T-bond yields

Following a rally to a fresh two-month high above the 109 mark earlier today, the USD/JPY pair made a sharp U-turn and slumped to its lowest level in


Chinese yuan falls to 2019 low versus U.S. dollar after Trump’s tariff announcement

China’s yuan currency came under pressure Thursday after President Donald Trump said the U.S. would impose a 10% tariff on $300 billion of Chinese goods…


USD/JPY and AUD/USD Forecast August 2, 2019

For additional up-to-date Forex Trading information: News (, Technical Analysis (…


EUR/USD and GBP/USD Forecast August 2, 2019

For additional up-to-date Forex Trading information: News (, Technical Analysis (…


USD/MXN Forecast August 2, 2019

For additional up-to-date Forex Trading information: News (, Technical Analysis (…


EUR/USD technical analysis: Euro reverses daily losses as the trade war weakens the greenback

EUR/USD daily chart EUR/USD is rebounding from 2-year lows as the ISM Manufacturing PMI came in at 51.2 against 52 forecast by analysts and Trump ann


Markets Brace For Trump Announcement, GBPUSD Sees Small Rebound

Focus today will be on NFP and US employment data but markets will also keep a close eye on an announcement to be made by Donald Trump on trade relationships with the EU


S&P 500 and Dollar Hit as Trump Escalates Trade Wars Day After Fed Volatility

Frustrated by the lack of progress in talks on trade with China, President Trump tweeted an escalation of 10% tariff on another $300bln


Gold Prices Ignore US Dollar Rise, Soar on Trade War Escalation

Gold prices surged as US President Donald Trump signaled escalation of the US-China trade war, shrugging off safety-seeking support for the US Dollar.


AUD/USD, AUD/JPY May See 2009 Lows if China Retaliates US Tariffs

The AUD/USD, AUD/JPY may reach 2009 lows as US President Donald Trump gave the green light for more tariffs against China. Retaliation may sink the Australian Dollar as the Yen gains.


AUD/USD drops to multi-month lows below 0.68 as focus shifts to US employment data

The AUD/USD pair suffered heavy losses on Thursday and closed the 12th straight day in the negative territory as the Aussie came under strong bearish


USD/CAD holds comfortably above 1.3200 mark, NFP in focus

The USD/CAD pair traded with a positive bias for the third consecutive session on Friday and remained well within the striking distance of six-week to


GBP/USD technical analysis: Struggles to register any meaningful recovery, pivots around 1.2100 handle

With technical indicators on hourly charts still struggling to gain positive traction or recover from the oversold territory on the daily chart, it wi


EUR/USD Technical Analysis: A test to 1.1000 and possibly below still persists

EUR/USD Overview Today last price 1.1098 Today Daily Change 46 Today Daily Change % 0.13 Today daily open 1.1084 Trends Daily SMA20 1.1193 Daily SMA5


US Dollar Index Technical Analysis: Positive surprise at Payrolls could push DXY above 99.00

Dollar Index Spot Overview Today last price 98.23 Today Daily Change 30 Today Daily Change % -0.14 Today daily open 98.37 Trends Daily SMA20 97.5 Dai


UK construction PMI rebounds to 45.3 in July vs. 46.0 expected, GBP/USD moves little

The construction sector activity in the UK witnessed a modest rebound in July but remained in the contraction territory for the fifth month in the pr


USD/JPY weakens farther below 107.00 handle, fresh multi-month lows

Having failed to capitalize on its early uptick to 107.25 area, the USD/JPY pair dropped to fresh multi-month lows during the early European session


Have a nice trading!

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