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USD Daily Review August 7, 2018

USD Daily Review for August 7, 2018

Tactically Bearish AUD/USD on Trade Wars, Short Hedge Fund Positioning

Is the Trade War just beginning? If so, the Australian Dollar could be the cleanest proxy to play potential US Dollar strength and trade weakness


US Dollar and EURUSD in a Terminal Wave?

Using Elliott Wave Theory our analysis for US Dollar Index and EURUSD hints we are nearing the final sub-waves of near term USD strength. Then,


AUD/USD Price Analysis: Aussie Consolidation in Focus ahead of RBA

The Australian Dollar continues to trade within a multi-month consolidation range ahead of the RBA. These are the targets & invalidation levels that matter for


EUR/USD: Prices May Fall as Traders Increase Net-Long Positions

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


UK Markets Week Ahead: GBPUSD, EURGBP, FTSE & More | Webinar

GBPUSD has pierced through noted support, and below 1.3000, as Brexit talk takes its toll while the US dollar continues to power ahead.


NZD/USD: correction stalled and downside open below 0.6720 support

NZD/USD is not convincing on the correction and was met with supply up at 0.6766 on Friday and forced into close of 0.6744 where markets in Asia picke


Global summer-FX market wrap: dollar can’t keep up the pace in NY – ANZ

Analysts at ANZ explained that the USD tried to push higher vs euro in the aftermath of weak June German industrial orders, but failed to maintain its


EUR/USD steadies near mid-1.15s, looks to close fifth straight day lower

The EUR/USD pair spent the Asian in a tight range near the 1.1560 handle but came under a renewed selling pressure during the European trading hours a


USD/MXN drops below 18.50, hits lowest since April 20

The USD/MXN pair dropped to 18.45, hitting the lowest intraday level since April 20. As of writing it was hovering around 18.50. The slide…


GBP/USD: political uncertainty could send pound to August 2017 lows in 1.27 handle

Cable has dropped to 1.2919 which was the lowest level since September 2017, surpassing July’s low of 1.2958 and Friday’s low of 1.2975 where Carney a


US Dollar eases off from multi-week highs, stays above 95

The US Dollar Index, which tracks the greenback against a basket of six major currencies, rose to its highest level since June 19 at 95.52 on Monday.


USD/JPY sticks to small daily gains near 111.40

The USD/JPY pair rose above the 111.50 mark in the early NA session but failed to hold there as the greenback started consolidating its daily gains. A


USD/TRY surpasses 5.00, all time highs

The Turkish currency is accelerating its down move on Monday, lifting USD/TRY to new all-time peaks beyond the psychological 5.00 milestone. USD/TRY


Gold settles lower as dollar gains traction higher

Gold futures closed out Monday trade modestly lower as the U.S. dollar gained ground upward, weighing on the precious metal that has been hovering nea


Weekly Strategy Webinar: Key Trading Levels on the US Dollar Majors…


EUR/USD and GBP/USD Forecast August 7, 2018

The EUR/USD pair has initially fallen to start out the week on Monday, but also has found plenty of support at lower levels, especially as we approached the …


GBP/USD Rate Eyes Fresh 2018-Lows as Bearish Series Takes Shape

GBP/USD stands at risk of exhibiting a more bearish behavior over the days ahead as it carves a series of lower highs & lows following


AUD/USD slipping away from 0.74 as the RBA rate call rounds the corner

The AUD/USD is trading near 0.7385 after Monday’s market action failed to drive much momentum into the Aussie, and AUD traders are sitting tight ahead


Sorting Which Contrarian Readings are Tradeable Among EURUSD, USDJPY, Gold and More

We discuss the two types of general market approach for traders, as well as technicals and fundamentals against Dollar pairs.


Gold Prices Echo Externally Inspired US Dollar Volatility, RBA on Tap

Gold prices echoed external influences on the US Dollar yesterday. If the upcoming RBA rate decision stokes AUD/USD volatility, more of the same may be


Wait-and-See RBA to Keep AUD/USD Under Pressure

The Reserve Bank of Australia (RBA) meeting may keep AUD/USD under pressure as the central bank is expected to keep the official cash rate at


Probabilities Shifting Towards Near Term Bounce in EURUSD

EUR/USD has reached our initial target identified in March as the bearish impulse wave nears a terminal point.


AUD/USD Technical Analysis: Range Floor in Focus as RBA Looms

The Australian Dollar is edging toward the bottom of a two-month consolidation range ahead of the looming RBA monetary policy announcement.


AUD/USD hardly batted an eye after the RBA rate decision

The Australian dollar is seeing little action post-RBA rate decision. At press time, the AUD/USD pair is reporting moderate gains at 0.7395. The RBA


GBP/USD sets a new low for 2018, on pace for further declines

The GBP/USD is trading into 1.2940 heading into Tuesday’s London market session after slipping from the 1.30 major handle on Monday amid fresh concern


EUR/USD: Put value at 7-week high, focus on German industrial production

The demand for the EUR put options has risen sharply in the last few days. The one-month delta risk reversals (EUR1MRR) have dropped to -1.05 (the lo


EUR/USD Technical Analysis: Charting an inverse head-and-shoulder

Hourly chart Spot Rate: 1.1560 Daily High: 1.1564 Daily Low: 1.1550 Trend: Bullish above 1.1572 Resistance R1: 1.1572 (inverse head-and-should


When is the RBA Rate Statement, and how could it affect the AUD/USD?

RBA Rate Statement overview The Reserve Bank of Australia (RBA) is set to make their latest Rate Statement at 04:30 GMT for Tuesday, and while the RB


USD/CNH: Bounce from rising trendline keeps bulls in the game

The USD/CNH pair defended the rising trendline (drawn from the June 14 low and July 10 low) on Monday, keeping the bulls in the game. At press time,


USD/JPY: bulls on a knife’s edge, balancing on vulnerable trend line support

USD/JPY is currently trading at 111.34 and is looking to stabilise on the 111 handle this Tokyo session, fending off the pressures from the 111.50’s a


USD/CNY fix projection: 6.8465 – 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 48 pips lower than th


Aussie Dollar Shrugs Off RBA, Kiwi Dollar Lower Before RBNZ

The Australian Dollar mostly ignored a status quo RBA policy announcement but its New Zealand counterpart declined before the RBNZ has its say.


USD/CAD extends losses below 1.3000 as oil moves higher

The USD/CAD pair tried several attempts to resist above the 1.30 handle in early Asia, but in vain, as the bears regained control, now dragging the ra


GBP/USD Review: Sterling slumps as Brexit weighs

The GBP/USD pairing is trapped in bearish action, struggling to hold onto the 1.2950 technical level after sliding further on Monday’s action, losing


EUR/USD around 1.1550 ahead of German data

The European currency remains vulnerable for the time being and is taking EUR/USD to navigate the area of 1.1550 ahead of key German releases due late


Trade War Concerns Hit EURUSD, Nears Critical Support Levels

EURUSD is dropping towards strong support on concerns about the growing US-China trade war; a break through it would likely send the pair sharply lower.


US Dollar hovering over daily lows near 95.10

The US Dollar Index (DXY) has given away initial gains and has now receded to the current 95.15/10 band, or session lows. US Dollar looks to trade, d


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