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USD Daily Review August 28, 2019

USD Daily Review for August 28, 2019

GBP/USD: Traders continue to remain net-long since May

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

 

EUR/USD: Retail data shows that 67% of traders are net-long

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

 

Crude Oil Prices Foil Breakdown – USD/CAD Bearish Reversal Begins

Global growth concerns are easing now that the US-China trade war appears to be shifting gears. Commodity-sensitive currencies like the Canadian Dollar are rebounding.

 

EUR/JPY, USD/JPY Price: How May they Perform After Rallying Back to the Zone?

This is how EUR/JPY and USD/JPY may perform in the next few days.

 

Bitcoin Price Correlations with Emerging Markets FX: USD/CNH, USD/ZAR in Control

USDZAR has the most significant 5-day correlation with bitcoin prices among EM FX, but USDCNH remains the most highly correlated over the past six months.

 

GBP/USD Outperforms, Silver Prices Soar – US Market Open

GBP/USD Outperforms, Silver Prices Soar – US Market Open

 

USDCAD Trading Bias Turns Bearish

USDCAD is running lower out of a wedge formation, breaking a multi-week-long bullish structure; more selling looks to be ahead.

 

US Dollar Price Outlook: USD/CAD, EUR/USD, GBP/USD, AUD/USD

The US Dollar remains messy on a near-term state, but a recent turn in USD/CAD may open the door for bearish scenarios.

 

US Dollar Index technical analysis: DXY ends the day near the daily high, sub-98.10 resistance

 

USD/MXN eases from 8-month highs, looks to close above 20

The USD/MXN pair rose to its highest level since December at 20.0850 on Tuesday as the Mexican peso struggled to find demand amid disappointing macroe

 

AUD/USD fails to build on Monday’s gains, trades in red near mid-0.67s

After testing the 0.67 handle on Monday, the AUD/USD pair staged a decisive recovery and returned to its comfort zone of 0.6730 – 0.6800. With the tra

 




NZD/USD sinking to lower end of 52-week range

NZD/USD has been stablising in the longterm downtrend, down 0.37% on the day though, having travelled from a high of 0.6398 to a low of 0.6357 within

 

GBP/USD technical analysis: Cable holds onto gains near new monthly highs, flirting with the 1.2300 figure

 

Net long USD positions were virtually unchanged – Rabobank

Reviewing the latest CFTC Commitment of Traders (COT) Report, Rabobank analysts noted that the net long USD positions were virtually unchanged last we

 

EUR/USD technical analysis: Fiber drifting below the 1.1100 figure into the London close

 

USD/CAD erases early losses, advances toward 1.33 amid risk-off flows

After falling to its lowest level in two weeks at 1.3223 earlier in the day, the USD/CAD pair made a sharp U-turn in the last hour and turned positive

 

US Dollar Index technical analysis: DXY is approaching the critical 98.10 resistance

 

USD/JPY recovers early lost ground, bulls await a sustained move beyond 106.00 handle

The USD/JPY pair has now recovered around 40-pips from daily lows, with bulls now looking to extend the momentum further beyond the 106.00 round figur

 

GBP/USD hits fresh monthly tops, just above 1.2300 mark

The GBP/USD pair built on its goodish intraday up-move and spiked to fresh monthly tops – levels just above the 1.2300 round figure mark in the last h

 

USD/CAD technical analysis: Set-up already seems to have turned in favour of bearish traders

Meanwhile, technical indicators on hourly charts maintained their bearish bias and have just started drifting into the negative territory on the daily

 

USD/JPY and AUD/USD Forecast August 28, 2019

For additional up-to-date Forex Trading information: News (https://www.dailyforex.com/forex-news/page-1), Technical Analysis (https://www.dailyforex.com/fore…

 

EUR/USD and GBP/USD Forecast August 28, 2019

For additional up-to-date Forex Trading information: News (https://www.dailyforex.com/forex-news/page-1), Technical Analysis (https://www.dailyforex.com/fore…

 

Australian Dollar Outlook: AUD/USD & AUD/JPY Eye RBA Meeting

The September RBA meeting is now 1-week away which sets AUDUSD and AUDJPY back in the spotlight. Where might the Australian Dollar head next?

 




GBP/USD technical analysis: Cable clinging to daily gains at monthly highs

 

EUR/USD technical analysis: Euro enters the Asian session below the 1.1098 level

 

GBP/USD remains subdued ahead of Brexit talks at Brussels

Despite surging to a four-week high the previous day, GBP/USD fails to keep the upside momentum intact ahead of the key Brexit talks at Brussels.

 

EUR/USD remains below 1.11 despite US curve inversion, slide in US-German yield spread

EUR/USD remains on the defensive below 1.11 ahead of the London open despite the US yield curve inversion and the slide in the US-German yield spread

 

USD/CHF technical analysis: 50-DMA holds the key to monthly trend-line resistance

Sustained trading beyond 23.6% Fibonacci retracement of April-August declines enables USD/CHF to near the 50-DMA.

 

AUD/USD surrenders gains on below-forecast Aussie construction data

The bid tone around the Aussie dollar weakened following the release of a dismal Aussie data at 01:30 GMT. Construction work done, a key metric used i

 

USD/CAD carries upswing from 200-day EMA amid WTI weakness

Following its U-turn from 200-day exponential moving average (EMA), the USD/CAD pair extends to the run-up to 1.3300 during early Wednesday.

 

USD/JPY: Steady in the opening hour of Tokyo, eyes on downside

USD/JPY is steady in the opening hour of Tokyo. The pair currently trading at 105.73 having been stuck in a tight range between 106.65 and 105.79. Tra

 

USD/IDR technical analysis: Sellers cheer another failure to rise past-14,360

Even after rising to seven-day high, USD/IDR fails to grow part 14,260 as it declines to 14,267 during the Asian session on Wednesday.

 

PBOC to set Yuan reference rate at 7.1027 per US Dollar – Reuters estimate

The People’s Bank of China (PBOC) is expected to set the Yuan (CNY) reference rate at 7.1027 per US Dollar today, having announced the mid-point rate

 

NZD/USD technical analysis: Corrective bounce elusive despite bullish divergence of key indicator

NZD/USD remains on the defensive in Asia amid rising signs of seller exhaustion on the technical charts. To start with, the moving average convergence

 

EURUSD Rate Rebound Unravels as ECB Officials See Scope for Action

EURUSD struggles to retain the rebound from the previous week as European Central Bank (ECB) officials show a greater willingness to further insulate the economy.

 




AUD/USD flirting with daily lows, below mid-0.6700s

The AUD/USD pair extended its steady intraday slide and is currently placed at the lower end of its daily trading range – below mid-0.6700s. After an

 

EUR/USD stays below 1.1100 on German docket

The single currency remains unable to gather traction in any direction today, with EUR/USD parked around the 1.1090/80 for the time being. EUR/USD att

 

US Dollar Index flirting with the 10-day SMA above 98.00

The US Dollar Index (DXY), which gauges the Greenback vs. a basket of its main rivals, is managing well to keep the trade above the 98.00 handle so fa

 

Canadian Dollar Price Outlook: USD/CAD Breakout Not Yet Confirmed

USD/CAD is at an important technical price point and needs to break decisively before the next move can be confirmed.

 

GBPUSD Price: Selling-Off on Talk of UK Parliament Suspension, Proroguing

The British Pound slipped lower on talk that the UK government is looking to suspend Parliament from mid-September (proroguing), limiting the time that Remainers have to stop a no-deal Brexit.

 

USD/JPY fluctuates in tight range below 106

The USD/JPY pair closed the previous day in the negative territory as falling US Treasury bond yields reminded investors of concerns over a recession

 

AUD/USD technical analysis: Descending channel on 1-hourly chart points to further intraday weakness

The fact that the pair has repeatedly failed to build on its momentum beyond 200-hour SMA clearly suggests that the near-term selling bias might still

 

EUR/USD Technical Analysis: Absence of buying interest exposes a potential test of 1.1050 and below

EUR/USD Overview Today last price 1.1092 Today Daily Change 16 Today Daily Change % 0.02 Today daily open 1.109 Trends Daily SMA20 1.1133 Daily SMA50

 

USD/CAD bulls looking to extend the momentum further beyond 1.3300 handle

The USD/CAD pair traded with a positive bias for the second consecutive session on Wednesday and built on the previous session’s solid bounce from nea

 

US Dollar Index Technical Analysis: Extra upside looks likely above the short-term support line

Dollar Index Spot Overview Today last price 98.13 Today Daily Change 17 Today Daily Change % 0.11 Today daily open 98.02 Trends Daily SMA20 97.97 Dai

 

GBP/USD hammered down to mid-1.2100s in reaction to latest Brexit headlines

The GBP/USD pair lost over 100-pips during the early European session on Wednesday and extended its sharp intraday pullback farther below the 1.2200 r

 

Have a nice trading!




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