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USD Daily Review February 1, 2019

USD Daily Review for February 1, 2019

Euro Credit Accelerates While U.S. Dollar Credit Slows

The latest divergence between U.S. dollar and euro credit to EMDEs is part of a longer trend. Over the past five years, euro credit has expanded at an average annual rate of 10%, compared with 4% for US dollar credit. The gap between the two currencies was even larger for bank loans.

 

AUD/USD Flash-Crash Rebound Eyes December-High Ahead of RBA

The AUD/USD flash-crash rebound appears to be on track to test the December-high (0.7394) as the Relative Strength Index (RSI) breaks out of the bearish

 

EUR/USD Price Outlook: Euro Fails at 1.15 – Levels to Know for NFP

Euro is poised to snap a four-day winning streak with price threatening a near-term pullback. Here are the targets & invalidation levels that matter on

 

USD/CAD Bear-Flag Continues to Unfold as Fed Drops Hawkish Guidance

USD/CAD stands at risk for a larger correction following the Federal Reserve meeting as a bear-flag formation unfolds.

 

EURUSD Curbed at Resistance, NFP Unlikely to Spark Volatility – US Market Open

EURUSD Curbed at Resistance, NFP Unlikely to Spark Volatility – US Market Open

 

GBP/USD on track to close the day with small losses above 1.31

After closing the first two days of the week lower, the GBP/USD pair took advantage of the broad-based USD weakness and staged a modest rebound on Wed

 

EUR/USD Technical Analysis: Euro is trading at daily lows near 1.1440 level

EUR/USD daily chart EUR/USD is in a bear trend below the 200-day simple moving averages (SMAs). EUR/USD 4-hour chart EUR/USD is sharply drop

 

USD/JPY continues to erase daily losses, steadies below 109

After finding daily support at 108.50, the USD/JPY extended its rebound in the NA session and rose to 108.90 before going into a consolidation phase.

 

NZD/USD held up at confluence of 23.6% Fibo retracement of Fed rally highs

The kiwi has given back some ground, now challenging the confluence of the 21-hr SMA and the 23.6% fibo retracement area of yesterday’s Fed-fuelled ra

 

EUR/USD below 61.8% fibo retracement of Fed rally and testing 100-hr SMA

EUR/USD has dropped to test the 100-hr SMA located at 1.1438. EUR/USD is currently trading at 1.1442, down from a high of 1.1514 and up from a l

 

AUD/USD finds resistance ahead of 0.73 as DXY recovers above 95.50

After taking advantage of the broad-based USD weakness and making a decisive break above the 0.72 handle on Wednesday, the AUD/USD pair continued to c

 




GBP/USD hits a fresh daily high above 1.3150 on end-of-month flows.

The GBP/USD pair rose from 1.3105 to 1.3159, the new daily highs. Then pulled back as it was unable to extend the run on top of 1.3160. The move to th

 

US Dollar Index recovery stalled near 95.40

Tracked by the US Dollar Index (DXY), the greenback remains under pressure albeit managing to rebound somehow from daily lows around 95.15. US Dollar

 

EUR/USD and GBP/USD Forecast February 1, 2019

The Euro initially tried to break above the 1.15 level but gave back enough of the gains to turn around and break down to the 1.1450 level. The 200 day movin…

 

USD/JPY and AUD/USD Forecast February 1, 2019

The US dollar fell significantly during the trading session on Thursday but turned around to bounce and form a hammer like candle. Because of this, I believe…

 

AUD/USD recovers to 0.7275 amid US-China trade progress, China PMI eyed

Bounces-off lows amid US-China trade progress, risk-on market profile. But upside appears capped as USD stages a comeback from post-FOMC sell-off

 

US Dollar IndexTechnical Analysis: DXY bulls drive the market up to 95.63 resistance

DXY daily chart The US Dollar Index (DXY) is in a bull trend above 200-day simple moving average (SMA). DXY 4-hour chart DXY is trading belo

 

How Much More Can S&P 500 Rise, USD Fall after Very Cautious Fed?

What does it mean for financial markets if the US economy maintains its healthy pace while external headwinds noted by the Fed abate? The S&P

 

USD/NOK Trading Outlook: Short Term Bearish, Long Term Bullish

The US Dollar has been falling relative to the Norwegian Krone which has pushed USD/NOK down close to the March support line. Long-term fundamentals suggest

 

EUR/USD Down, US-China Trade Deal Pushed Back. ASX 200 May Fall

The Euro fell as Italy entered a technical recession, the Dow Jones declined as a US-China trade deal was delayed. Odds of a bearish reversal

 

GBP/USD testing offers near 1.3100 ahead of UK manufacturing PMI, US NFP

The GBP/USD pair trades modestly flat near the 1.31 handle heading towards the London opening, as the upside attempts continue to get sold-off ahead o

 

EUR/USD: resting below 100-day MA, data heavy day ahead

The EUR/USD pair is currently trading at 1.1440, having hit a high of 1.1514 in the Asian session yesterday. The common currency had closed above the

 

USD/CNH jumps above 200-day MA on weak China data, 14-day RSI diverges

The USD/CNH pair is currently trading at 6.74, representing a 0.5 percent rise on the day. The pair picked up a strong bid at 6.7043 earlier today an

 




AUD/USD nears 50-HMA support on below-forecast China Caixin PMI

The AUD/USD pair is feeling the pull of gravity, now trading near the 50-hour moving average (HMA) support at 0.7238, possibly due to dismal China dat

 

GBP/USD: investors favor puts (bearish bets) despite recent rally in spot

GBP/USD has gained more than 400 pips in the last 2.5 weeks, but investors are likely expecting Sterling to surrender these gains in the near-term Th

 

EUR/USD challenges the 100-day SMA near 1.1440 ahead of CPI

The selling bias around the single currency remains well and sound in the second half of the week and is now dragging EUR/USD to the 1.1440 region, co

 

EUR/USD: Consolidating – Commerzbank

According to Karen Jones, analyst at Commerzbank, EUR/USD pair is consolidating at the 100 day ma at 1.1440, it remains bid in its range and they are

 

Post-Fed USD Weakness to Persist on Slowing U.S. Non-Farm Payrolls (NFP)

Updates to the U.S. Non-Farm Payrolls (NFP) report may do little to boost the appeal of the U.S. dollar as the economy is anticipated to

 

Charts for Next Week: USD/CAD, AUD/USD, Gold Price, Dow Jones & More

USD/CAD is running lower into support, AUD/USD higher into resistance, gold price extended, while the Dow battles at important confluent resistance.

 

GBPUSD Bulls Dented as Risks Imply Manufacturing Sector Recession

GBPUSD Bulls Dented as Risks Imply Manufacturing Sector Recession

 

Euro at Risk on CPI, Dollar and Yen May Rise on US Data

The Euro may fall further as soft inflation data cools ECB policy bets. The Dollar and Japanese Yen may rise as US economic data cools

 

AUD/USD upside faltered near 200-day SMA around 0.7300

After two consecutive daily advances, AUD/USD met a fresh wave of selling bias and is now trading on the defensive around 0.7260. AUD/USD offered pos

 

When is the US monthly jobs report (NFP) 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

 

India FX Reserves, USD climbed from previous $396.68B to $398.18B in January 25

India FX Reserves, USD climbed from previous $396.68B to $398.18B in January 25

 

EUR/USD moves to daily highs near 1.1470 on upbeat CPI

The sentiment around the shared currency has reverted the initial pessimism and is now lifting EUR/USD to new session peaks near 1.1470. EUR/USD bid

 




GBP/USD drops to lows near 1.3060 on PMI

The British Pound is now accelerating the daily leg lower and is forcing GBP/USD to retreat to new daily lows in the 1.3080 region. GBP/USD offered o

 

Charts for Next Week: USD/CAD, AUD/USD, Gold Price, Dow Jones & More

USD/CAD is running lower into support, AUD/USD higher into resistance, gold price extended, while the Dow battles at important confluent resistance. #usdcad …

 

Have a nice trading!




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