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USD Daily Review August 29, 2019

USD Daily Review for August 29, 2019

Silver Price Outlook: XAG/USD Breakout Testing Uptrend Resistance

Silver prices surged nearly 30% off the May lows with the rally now probing critical resistance. Here are the levels that matter on the XAG/USD weekly chart.


US Dollar Price Outlook: EUR/USD Eyes GDP, Trade Balance Data

The US Dollar could be at risk in light of upcoming economic data releases during Thursday’s trading session with Q2 GDP and July Advanced Goods Trade Balance serving as potential catalysts for volatility.


Turkish Lira Price: Bullish Signals Suggest USD/TRY May Move Higher

Check our latest Q3 forecasts for free and learn what is likely to move the markets at this time of the year. Yesterday, USD/TRY rallied to 5.8588- i


GBP/USD Drops on Brexit Latest, Crude Oil Prices Surge – US Market Open

GBP/USD Drops on Brexit Latest, Crude Oil Prices Surge – US Market Open


USD/JPY Bounce from Two-Year-Lows – is the Breakdown Near?

USD/JPY continues to show themes of risk aversion and earlier this week bounced from a fresh two-year-low. Sellers don’t appear done yet.


Forex Today: the dollar won at the end of the day

Here is what you need to know on Thursday, August 29th: -The American dollar edged higher during US trading hours as sentiment improved, with Wall Str


US Dollar Index technical analysis: DXY trading at weekly highs above the 98.22 level


USD/CAD climbs above 1.33 as crude oil retraces rally

The USD/CAD pair slumped to a fresh session low of 1.3285 during the American session after the weekly data published by the Energy Information Admini


GBP/USD technical analysis: Cable erases parts of intraday losses, trading sub-1.2260 level


EUR/USD technical analysis: Euro off daily lows, regaining the 1.1080 level


US Dollar Index technical analysis: DXY cling to daily highs, above 98.10 key level


USD/JPY technical analysis: Bulls await a sustained move beyond 106.00 mark, 100-hour SMA

A sustained move beyond the said resistance might now assist the pair to surpass the 106.25 intermediate resistance and move back towards the 106.70-7


GBP/USD technical analysis: Cable is under pressure below the 1.2230 resistance


UK: Queen approves proroguing of parliament, GBP/USD stays in red

In a published statement, the Privy Council announced that Queen has approved proroguing of Parliament as requested by British Prime Minister Borish J


US Dollar Index clings to gains above 98.00

The Greenback keeps the upbeat tone intact so far today and is propping up the up move in the US Dollar Index (DXY) above the key 98.00 barrier. US Do


USD/CAD technical analysis: Clings to modest daily gains just above 1.3300 handle

The overnight slump below a two-week-old trading range turnaround to be a false breakdown and the subsequent price action support prospects for a furt


USD/MXN Forecast August 29, 2019

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


USD/JPY and AUD/USD Forecast August 29, 2019

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EUR/USD and GBP/USD Forecast August 29, 2019

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US Treasury Sec. Mnuchin: The Trump administration has weighed countering the strength of the Dollar

In an interview with Bloomberg, the US Treasury Secretary Steve Mnuchin ruled out speculations that the Trump administration will intervene to tame the USD.


NZD/USD: In search of fresh clues around 4-year low

The absence of fresh challenges to the US-China trade deal fails to please Kiwi buyers seeking positive numbers from home/abroad.


EUR/USD technical analysis: Euro rolling into the Asian session near the 1.1080 level


No Dollar Assurances in Treasury Downplaying Intervention, Absorbing Headlines for Later

Trade wars didn’t offer a shift in the US-China line nor will related data Thursday, but Treasury’s mention of the Dollar is concerning


AUD/USD Technical Analysis: Sellers Take Aim Below 0.67 Figure

The Australian Dollar looks poised to revisit its 2019 bottom below 0.67 against its US counterpart after prices broke range support. The long-term view looks still more ominous.


GBP/USD slips below 21-day EMA as proroguing of parliament triggers political outrage at UK

With the renewed fears of no-deal Brexit, GBP/USD remains under pressure ahead of Thursday’s UK session.


EUR/USD registers three-day losing streak ahead of German jobs and inflation data

EUR/USD fell for the third straight day on Wednesday, pouring cold water the over-optimism generated by last Friday’s big bullish engulfing candle. As


EUR/USD technical analysis: Under pressure below 1.1095/1100 resistance-confluence

Despite its recent bounce off two-day-old support-line, EUR/USD trades well below key resistance-confluence as it takes the rounds to 1.1085.


USD/JPY technical analysis: Slips below 106.00 tracking losses in S&P 500 futures

The USD/JPY pair is feeling the pull of gravity in Asia, possibly due to losses in the S&P 500 futures. As of writing, the currency pair is trading at


AUD/USD slips into the red on below-forecast Australian CAPEX data

The offered tone around the AUD strengthened, pushing the AUD/USD pair to a session low of 0.6725 as Australian private sector business investment fel


USD/CNH technical analysis: Trapped in a pennant pattern

USD/CNH has created a narrowing price or a pennant pattern on the 4-hour chart in the last three day. As of writing, the upper edge of the pennant is


US Dollar May Rise if US GDP Data Reinforces Recession Fears

The US Dollar may rise if US GDP data undershoots forecasts and reinforces growing recession fears, driving demand for liquidity and haven assets.


USD/JPY holds weaker below 106.00 handle, US GDP in focus

The USD/JPY pair came under some renewed selling pressure on Thursday and eroded a part of the previous session’s positive move, back closer to weekly


USD/JPY, GBP/JPY Forecast: Price May Rally Above Weekly Resistance

Here are the key chart points GBP/JPY and USD/JPY traders may need to follow closely.


AUD/USD touches fresh session high above 0.6750, retreats ahead of US data

The AUD/USD pair fell to a daily low of 0.6716 during the early trading hours of the European session but reversed its course and turned positive on t


EUR/USD Technical Analysis: Rising odds for a move lower to 1.1026

EUR/USD Overview Today last price 1.1074 Today Daily Change 17 Today Daily Change % -0.04 Today daily open 1.1078 Trends Daily SMA20 1.1133 Daily SMA


When is the German Prelim CPI and how could it affect EUR/USD?

Today’s Eurozone economic docket headlines the release of Harmonized German prelim CPI data, up for release later this session at 1200 GMT. The headli


US Dollar Index Technical Analysis: Remains bid and could test recent tops near 98.50

Dollar Index Spot Overview Today last price 98.28 Today Daily Change 16 Today Daily Change % 0.04 Today daily open 98.24 Trends Daily SMA20 97.95 Dai


NZD/USD recovers further from multi-year lows, turns positive for the day

The NZD/USD pair recovered around 40-pips from multi-year tops set earlier this Thursday and climbed to fresh session tops, around the 0.6345 region i


USD/JPY technical analysis: Retakes 106.00 mark and beyond, back closer to weekly tops

The intraday positive move – marking the third day of an uptick in the previous four – lifted the pair further beyond 200-hour SMA, which has been act


Dollar General shares rally 7% premarket as earnings top estimates

Dollar General Corp. shares soared more than 7% in premarket trade Thursday, after the discount retailer blew past estimates for its fiscal second quarter….


Have a nice trading!

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