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USD Daily Review August 3, 2018

USD Daily Review for August 3, 2018

4 Comparisons Between Aramco And Apple, Two Trillion-Dollar Companies

Apple’s valuation just reached $1 trillion, but there’s another company out there that could surpass it. It’s still private, but weighing an IPO. How does Aramco compare?


Pre-NFP Price Action Setups Across the US Dollar

The heavy week of FX data is nearing its end as tomorrow brings Non-Farm Payrolls for the month of July. But – focus is on


GBP/USD: Net-Longs Reach 70% As Price Continues To Decline

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


USDTRY at Record High, Brexit to Dictate BoE Policy – US Market Open

USDTRY at Record High, Brexit to Dictate BoE Policy – US Market Open


US Dollar Charges Up to Resistance, GBP/USD Flails After BoE Rate Hike

Yesterday’s no-change FOMC led into this morning’s rate hike from the BoE, and while FX markets are digesting these recent moves, Non-Farm Payrolls sits on


US Dollar looks to close the day at its highest level in two weeks above 95

Boosted by the sharp fall witnessed in the EUR/USD and the GBP/USD pairs on Thursday, the US Dollar Index, which tracks the greenback against a basket


USD/JPY: up through 111.50 key level, move comes on the back of the market buying up dollars

The move comes on the back of the market buying up dollars, but traders are likely going to wait to see what the jobs data comes with before chasing t


USD/MXN rises modestly after Banxico keeps rates unchanged

USD/MXN is trading at the same level it had before the monetary policy decision from the Bank of Mexico. The central bank, as most expected…


GBP/USD returns to daily lows near 1.3020 as DXY pushes above 95

Following the initial bullish reaction to the BoE’s interest rate decision, the GBP/USD made a sharp U-turn during governor Mark Carney’s press confer


AUD/USD recovers from 2-week lows, steadies below 0.74

The AUD/USD pair broke below the 0.74 mark during the early trading hours of the day on Thursday mark as Asian traders reacted to the FOMC’s monetary


EUR/USD remains under pressure, near 1.1600

The EUR/USD pair remains close to daily lows, the 1.1600 area that capped the decline hours ago. The bias is being supported by a stronger US Dollar a


USD/CAD stays in the positive territory above 1.30 as upbeat data help greenback

After recording losses in the last three days, the USD/CAD pair gained traction on Thursday and touched a session high at 1.3040 before erasing some i


Apple makes short-lived foray into trillion-dollar-market-cap territory

Apple Inc. AAPL, +2.92% is on track to become the first U.S. company to reach a $1 trillion market capitalization, as its share price has crossed the


Pre-NFP Price Action Setups Across the US Dollar

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EUR/USD and GBP/USD Forecast August 3, 2018

The Euro fell rather hard during the trading session on Thursday, slicing through the 1.16 level, which is an area of short-term support and technically a br…


AUD/USD back into recent lows, Aussie Retail Sales in focus

The AUD/USD pair is trading into recent lows near 0.7360 after seeing further declines on Thursday from the 0.7400 technical level. The Aussie peaked


NZD/USD: US dollar surges across the board and kiwi on way to 2018 lows

Analysts at ANZ explained that it sounds like a broken record, but the escalation in trade tensions has once again knocked kiwi lower: “Whether or n


Steve Jobs Connected A Trillion Dollars Worth Of Dots

Today is a special day for Apple shareholders, and a celebration of capitalism. The world’s first trillion dollar company. What inspires me so much about Apple isn’t it’s profits or products. It’s the story behind them.


Pound Drops Despite BoE Hike, Dollar Rallies Ahead of NFPs, Apple Lifts FANG

Although the Bank of England hiked rates, Sterling still dropped. Apple’s market cap exceeded $1 trillion, helping risk trends out to US equities.


EUR/USD Technical Analysis: Euro Aims at Key Support Near 1.15

The Euro is showing tentative signs of resuming the downtrend against the US Dollar but sellers face a potent hurdle near the 1.15 figure.


USD/JPY Technical Analysis: Bull breakout confirmed, but Bollinger band is capping gains

Hourly chart Spot Rate: 111.70 Daily High: 111.78 Daily Low: 111.61 Trend: Bullish above 111.81 Resistance 111.81 (resistance of the hourly ch


EUR/USD: Pennant breakdown confirmed ahead of US non-farm payrolls

The EUR/USD is on the defensive ahead of the US non-farm payrolls release. The currency pair closed at 1.1584 on Thursday, confirming a downside brea


EUR/USD Technical Analysis: Dead cat bounce likely

Hourly chart Spot Rate: 1.1585 Daily High: 1.1590 Daily Low: 1.1581 Trend: Dead cat bounce Resistance R1: 1.1602 (July 18 low) R2: 1.1643 (50


AUD/USD gets little help from the upbeat Aussie retail sales reading

A better-than-expected Australia retail sales release seems has failed to put a strong bid under the Aussie dollar. The currency pair jumped 15 pips


USD/CNY fix projection: 6.8384 – Nomura

Analysts at Nomura offered their model’s projection for today’s fix in USD/CNY. Key Quotes: “Our model1 projects the fix to be 442 pips higher than


USD/JPY: has rallied in Tokyo open, eyes on 100-4hr SMA at 111.80

USD/JPY is moving higher in the Tokyo open as the risk sentiment follows on the coattails of a better bid session in NY that recovered from the Europe


Asian Shares Quiet. USD May Fall on NFPs. ASX 200 Under Support

Asia/Pacific stocks traded quietly to end this week, but were lower throughout it. The US Dollar could fall on NFPs next. Meanwhile, the ASX 200


EUR/USD under pressure below 1.1600, NFP eyed

The selling pressure around the European currency remains well and sound at the end of the week and is now prompting EUR/USD to stay rangebound below


GBP/USD Review: Sterling heading towards 1.30 with US NFP around the corner

The GBP/USD is trading into 1.3020 just ahead of Friday’s London market session, after seeing declines on Thursday from above the 1.3100 level after t


AUD/USD Review: bulls struggling to regain 0.74 ahead of US NFP

The AUD/USD is trading into 0.7375, seeing a mild recovery from recent lows after a better-than-expected showing for Aussie Retail Sales. Australia’s


Upbeat U.S. Non-Farm Payrolls (NFP) to Fuel EUR/USD Losses

Updates to the U.S. Non-Farm Payrolls (NFP) report may fuel the recent decline in EUR/USD as the economy is expected to add another 192K jobs


US Dollar Rallies, Gold Sinks to Support Ahead of Latest NFP Report

EURUSD hits a fresh one-month low as the dollar continues to strengthen ahead of the latest US jobs data, knocking gold back down to a


UPDATE: Close GBPUSD Short and Book Profits

Last week, I recommended to short GBPUSD (See below) on rallies towards 1.32. Since then, the pair has continued to trend lower and has now broken the


India FX Reserves, USD declined to $404.19B from previous $405.14B

India FX Reserves, USD declined to $404.19B from previous $405.14B


When is the US jobs report and how could it affect EUR/USD?

US jobs report overview Friday’s US economic docket highlights the release of keenly watched US monthly jobs report, popularly known as NFP. The repo


US Dollar looking to consolidate above 95.00 ahead of Payrolls

The greenback, in terms of the US Dollar Index (DXY), remains on a firm note at the end of the week and is now looking to extend the breakout of the 9


EUR/USD off 5-week lows, heads back towards 1.1600 ahead of NFP

The EUR/USD pair is seen making minor recovery attempts from five-week lows at 1.1562, as the bulls appear to be rescued by some fresh US dollar selli


USD enjoys support as US-China trade tensions re-surface; NFP will likely set the tone for the end of week

US Dollar looks set to close another week in positive. The USD Dollar index (DXY) measuring the strength of the USD against a basket of currencies, enters what seems to be a fourth consecutive day in support at least up to this morning.


Charts for Next Week: EUR/USD, AUD/USD, Euro-Crosses, Gold Price & More

Looking ahead to next week, there are a few charts of interest as they near major decision points; Euro and Aussie near big support levels, Euro-crosses near…


Have a nice trading!

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