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USD Daily Review August 30, 2019

USD Daily Review for August 30, 2019

US Dollar Price Action Setups: EUR/USD, USD/CHF, GBP/USD, USD/CAD

The US Dollar is testing four-week-highs after some dovish comments from incoming ECB President, Christine Lagarde.


USD/CAD: Canadian Dollar Ripe for Breakout but GDP Data Looms

The Canadian Dollar sits in currency trader’s crosshairs with the loonie looking geared up for a technical breakout. Friday’s GDP data could potentially serve as the catalyst that fuels CAD’s next move.


Silver Price Forecast: Chart Signals XAG/USD May Shoot Higher

the key tech levels Sliver ‘s buyers may need to overtake to keep leading the price.


USD/JPY technical analysis: Challenging weekly highs ahead of the Tokyo Consumer Price Index


USD/MXN retreats from 2019 highs, trades above 20.10

The USD/MXN pair advanced to its highest level since December at 20.2575 earlier today but reversed its course in the second half of the day to retrac


USD/JPY clings to gains above 106.50 supported by rising T-bond yields

After closing the previous day above the 106 mark on Wednesday, the USD/JPY pair pushed higher today as the recovering market sentiment made it diffic


GBP/USD technical analysis: Cable battling with the 1.2200 level near daily lows


EUR/USD technical analysis: Euro printing fresh weekly lows and breaking below the 1.1052 level


US Dollar Index technical analysis: DXY hits 4-day highs as the market break above the 98.38 level.


Canada: Solid GDP print, absence of risk off to leave USDCAD prone to consolidate below 1.33

Previewing tomorrow’s GDP report, “The Canadian economy likely turned in a solid performance in the second quarter, with our final growth tracking 3.3


EUR/USD returns to 1.1060 area after spiking toward 1.11 on hawkish ECB commentary

The EUR/USD pair spiked to a session high of 1.1092 in the last hour after the shared currency gathered strength on the back of some hawkish comments


USD/CHF climbs to weekly tops, around mid-0.9700s amid risk-on mood

The USD/CHF pair gained some follow-through traction during the early North-American session and is currently placed at fresh weekly tops – around the


US Dollar Index climbs to 98.40, multi-day highs

The US Dollar Index (DXY), which gauges the Greenback vs. a bundle of its main rivals, keeps the bid tone and moves to the 98.40 region, or weekly hig


GBP/USD technical analysis: Cable is on the back foot nearing daily lows below the 1.2211 level


AUD/USD technical analysis: Intraday up-move stalls near 100-hour SMA resistance, around mid-0.6700s

The AUD/USD pair managed to rebound around 35-pips from daily lows in reaction to positive trade-related headlines, albeit struggled to extend the mom


Dollar Tree shares climb 6.9% premarket after topping Q2 sales estimates

Dollar Tree Inc. shares rose 6.9% in premarket trade Thursday, after the discount retailer beat sales estimates for the second quarter. Chesapeake, Va.-based…


US Dollar Price Action Setups: EUR/USD, USD/CHF, GBP/USD, USD/CAD

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How to Identify Trends in USDCAD and AUDUSD with Trader Sentiment

The webinar recording of Peter Hanks’ IG client sentiment walkthrough, focusing on USDCAD and AUDUSD. Follow Peter on Twitter here –…


EUR/USD and GBP/USD Forecast August 30, 2019

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


USD/JPY and AUD/USD Forecast August 30, 2019

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


AUD/USD: Australian Dollar Still Sluggish as Trade War Simmers

Why might the Australian Dollar still be struggling to recover from its recent selloff induced by the US-China trade war even as tensions unwind?


AUD/USD pulls back to 0.6730 ahead of second-tier Australia data

AUD/USD refrains from its consecutive three-days of declines ahead of AU data while taking rounds to 0.6730 during early Friday morning in Asia.


NZD/USD: Under pressure around 4-year low amid broad USD strength

Following its slump to the multi-year low, mainly due to the USD’s overall strength and sluggish ANZ data, the NZD/USD pair takes the rounds to 4-year low.


EUR/USD technical analysis: Euro rolling into the Asian session near 1.1052 level


Will the S&P 500 Attempted a Break or EURUSD Multi-Year Lows Before Weekend?

Technical pressure has increased for key benchmarks – particular the Dollar and US indices – with range boundaries and highs in sight


EUR/USD Technical Analysis: Euro Sellers Take Aim at 2019 Bottom

The Euro is poised to challenge its 2019 low against the US Dollar. If it manages to break this and finish August below 1.0980, September may prove to be dire.


EUR/USD is teasing second straight monthly loss

EUR/USD is currently trading at 1.1044, representing a 0.28% drop on the opening price of 1.1075 seen on Aug. 1. If the pair remains below 1.1075 till


USD/CHF technical analysis: 0.9890/95 to challenge buyers

Despite breaking 50-day exponential moving average (EMA), USD/CHF remains below key resistance confluence as it takes rounds to 0.9880 during Friday.


USD/JPY: Firmer above 21-DMA amid risk-on, sluggish Japan data

USD/JPY extends the previous run-up beyond 21-DMA as it takes the bids to 106.50 during early Friday.


NZD/USD: Down for fourth straight day, trades at lowest since September 2015

NZD/USD is flashing red for the fourth straight day and is currently trading at 0.6293, the lowest level since September 2015. On a week-to-date basis


USD/KRW technical analysis: Rises to key trendline hurdle, BOK keep rates unchanged

USD/KRW picked up a bid around 1,207 earlier today and is now probing the resistance of the trendline connecting July 1 and July 31 lows. As of writin


AUD/USD extends losses as Australia building permits drop 9.7% in July

The already weak AUD/USD is extending losses due to horribly weak Australian housing data released at 01:30 GMT. Australia’s building permits fell by


USD/JPY: Bulls in charge as risk appetite returns

USD/JPY is up +0.09% in Tokyo, steady on the open while risk-appetite dictates the trajectory again, with a more optimistic view over the trade wars f


USD/CNH technical analysis: 7.14 is the level to defend for the bulls

USD/CNH could suffer a deeper pullback if the support at 7.14 (Thursday’s low) is breached. A move below that level would confirm or validate the bull


USD/CAD benefits from WTI gains, eyes on Canada GDP

Despite latest risk-off emanating from Hong Kong, the USD/CAD pair remains on the back foot while taking rounds to 1.3285 during early Friday.


Euro May Fall Vs US Dollar on Critical US, Eurozone Data

EUR/USD may fall if Eurozone jobs and CPI data fuels ECB rate cut bets. Global markets will be carefully watching for US consumption, income and PCE inflation figures.


Stocks Up As China Strikes More Conciliatory Trade Tone, Dollar Firm

Trade headlines continue to override all else as equity-market drivers at present. The foreign exchange market remains more immune to upbeat news on this front.


USD/JPY retreats farther from weekly tops, back below mid-106.00s

The USD/JPY pair met with some fresh supply on Friday and eroded a part of the previous session’s goodish up-move to weekly tops. Some positive trade-


EUR/USD stays weak near 1.1040 ahead of EMU CPI

The downside pressure around the single currency remains everything but abated today, with EUR/USD drifting lower to the vicinity of 1.1040. EUR/USD f


USD/INR takes the bids to 71.75 ahead of India GDP

Despite failing to rise beyond the yearly top, flashed early-week, USD/INR remains positive while trading near 71.75 ahead of the Europe markets open on Friday.


US Dollar Index climbs to three-week highs above 98.50

The greenback, in terms of the US Dollar Index (DXY), continues its march north at the end of the week and moves to fresh three-week highs in the 98.5


Canadian Dollar Outlook: Trendless Price Action – Where is USD/CAD Next Test?

How USD/CAD, US Dollar may perform vs Canadian in the few coming days .


Most Volatile Currencies Next Week – GBP/USD, AUD/USD

Most Volatile Currencies Next Week – GBP/USD, AUD/USD


USD/JPY moves sideways above 106 ahead of US inflation data

After closing the previous two days in the positive territory supported by risk-on flows, the USD/JPY pair had gone into a consolidation phase and bee


AUD/USD technical analysis: Bulls manage to defend a short-term descending trend-line support

The AUD/USD pair extended its overnight rejection slide from 100-hour SMA and dropped to the 0.6700 neighbourhood during the Asian session on Friday,


USD/CHF climbs to 4-week tops, eyeing a move beyond 0.9900 handle

The USD/CHF pair climbed to the 0.9900 neighbourhood, or four-week tops in the last hour, albeit quickly retreated few pips thereafter. The pair exten


EUR/USD hovering around 1.1040 post-EMU CPI

There is no change around the single currency so far today, with EUR/USD navigating the lower end of the range near 1.1040. EUR/USD apathetic on infla


Have a nice trading!

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