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USD Daily Review February 11, 2019

USD Daily Review for February 11, 2019

New Zealand Dollar Weekly Technical Forecast: NZDUSD Forms a Wedge, NZDJPY Rests on Support

Technical levels will dictate the depth of price action this week as the New Zealand Central Bank will offer commentary on its Official Cash Rate.


Range, Break or Trend Conditions for Dollar, Euro, Pound?

We have seen some wild swings from the likes of the S&P 500 and oil recently, but these are not trend-type markets


What are the Chances of a S&P 500 Reversal, EURUSD Breakout, Gold Trend Next Week?

The S&P 500 led risk assets lower amid news Trump and Xi would’t meet before March 1 deadline to head off trade war upgrade


NZD/USD Looks Vulnerable. How Dovish Will the RBNZ Turn Next Week?

The New Zealand Dollar looks vulnerable next week. How dovish will the RBNZ be next week compared to market expectations after similar remarks from the


Australian Dollar Strength Falls Apart, Can AUD/CAD Breakout Last?

Strength in the Australian Dollar fell apart, but confirmation is needed before arguing AUD/USD may extend declines. AUD/NZD consolidation held while AUD/CAD attempts a breakout


Australian Dollar Could Take Some Rest On The Road Lower

Investors may conclude this week that the poor old Australian Dollar has been hammered quite enough for now, even if there may yet be more


GBP/USD erases daily recovery gains, steadies near 1.2930

Following the fall to its lowest level in more than two weeks at 1.2853 on Thursday after the BoE in its Quarterly Inflation Report announced that it


USD/CHF Technical Analysis: Greenback about to end the week near the parity level against CHF

USD/CHF daily chart USD/CHF is trading in a sideways trend above the 50, 100 and 200-day simple moving averages (SMAs). USD/CHF 4-hour chart


USD/CAD recovers toward 1.33 following the sharp drop on strong Canada employment data

The USD/CAD pair came under heavy selling pressure in the early NA session and dropped to 1.3230 as the loonie gathered strength on the back of impres


EUR/USD extends slide toward 1.13 as Italy-Germany Bond spread widens

After moving sideways near mid-1.13s for the majority of the day, the EUR/USD pair came under a renewed selling pressure in the NA session and slumped


AUD/USD Technical Analysis: Aussie trading near the 2019 low

AUD/USD daily chart AUD/USD is trading in a bear trend below the 200-day simple moving average (SMA). AUD/USD is trading near the 2019 low.


NZD/USD remains on track to finish the week more than 100 pips lower

The NZD/USD pair dropped to its lowest level in more than two weeks at 0.6730 earlier today before retracing a very small part of its weekly decline.


USD/JPY stays flat near 109.80, US stocks open the day in the red

The USD/JPY pair is fluctuating in a very narrow range for the fourth straight day on Friday and struggles to make a decisive move in either direction


US Dollar Index tumbles to fresh lows near 96.40

The US Dollar Index (DXY), which gauges the greenback vs. a basket of its main rivals, is now fading the recent uptick to the key 96.70 area and is re


Soybean futures hold ground at a more than 2-week low after USDA reports

Soybean prices edged lower on Friday, holding ground at their lowest levels in more than two weeks. The U.S. Department of Agriculture cut Chinese soy


Canadian dollar pops after January jobs report shows boost in job creation

Canada’s dollar USDCAD, -0.2254% shot higher versus its U.S. rival on Friday, following Canada’s January jobs report. In January, 66,800 jobs were cre


EUR/USD and GBP/USD Forecast February 11, 2019

The Euro initially tried to rally during the trading session on Friday and at one point looked relatively bullish. However, later in the day we started to se…


USD/CHF: Revisits sub-1.000 area after 100+ pip gains

The Swiss Franc rallied nearly 112 pips to the high of 1.0098 against the USD during initial Asian trading on Monday. However, the USD/CHF failed to h


NZD/USD: RBNZ looms as bears look beyond critical structural support towards 0.66 hanle

NZD/USD was flat on Friday, ending around 0.6740 as markets moved into consolidation of the dollar’s advance across the board while the Kiwi was left


Forex today: Dollar consolidates recent bull run in a double top at 96.69

A contributing factor to the poor mood were the latest numbers from Italy where Italian industrial production fell again in December to 0.8% m/m after


EUR/USD Technical Analysis: Three-Month Support Under Pressure

The Euro is pressuring support guiding it higher against the US Dollar since mid-November after rejection at trend resistance triggered a five-day losing streak.


ASEAN FX Eye Stock Losses, USD Gains. Crude Oil Fall May Boost PHP

Stocks look more vulnerable, opening the door to US Dollar gains versus ASEAN currencies. Sentiment-linked crude oil prices may fall with weak demand, benefiting the


Australian Dollar Crushed. Did RBA Want Just That All Along?

The Australian Dollar wilted last week as the Reserve Bank of Australia altered course on interest rate guidance and lowered forecasts. But was all quite


USD/CNH Technical Analysis: levels above 6.80 could soon come into play

The USD/CNH pair’s quick recovery from the session low of 6.7646 to 6.7867 reinforces the bullish view put forward by the daily chart below. The pair,


EUR/USD: Sliding German yields, close below 200-week MA favors test of January lows

The EUR/USD pair could extend its five-day losing streak with a drop to the January low of 1.1289, courtesy of falling German bond yields and a bearis


GBP/USD: Bears in control amid Brexit drama, focus shifts to UK GDP

The GBP/USD pair trades little changed around 1.2930 before European session on Monday. The quote came under pressure on Reuters report that the UK PM


USD/JPY Technical Analysis: 110.00 again comes into play

USD/JPY daily chart The USD/JPY pair trades positively towards confronting 110.00 at the initial hours of Asian sessions on Monday. The round-figu


NZD/USD Technical Analysis: Bull RSI divergence on 1H chart, focus on CNH

The NZD/USD pair beat the 200-day moving average (MA) hurdle at 0.6765 soon before press time and could rise further to 0.68 as the hourly chart is re


Asian Stocks Mixed As Trade Concerns Remain Key, USD Higher

Asian stocks were a bit directionless overall as investors looked to yet another round of trade talks between China and the US, set to kick


GBP/USD Technical Analysis: 5-day MA is key resistance

GBP/USD is currently trading at 1.2365 – just short of the downward sloping (bearish) 5-day moving average (MA) at 1.2940, which proved a tough nut to


US Dollar Index firmer, hits 6-week peaks around 96.70

Tracked by the US Dollar Index (DXY), the greenback is adding to recent gains and is now clinching fresh multi-week tops in the 96.70/75 band. US Dol


GBP Technical Analysis Overview: GBPUSD, GBPJPY, EURGBP

GBP Technical Analysis Overview: GBPUSD, GBPJPY, EURGBP


AUD/USD struggles for direction in the 0.7080 area

The Aussie Dollar is alternating gains with losses at the beginning of the week, now taking AUD/USD to the 0.7080 region after bottoming out around 0.


GBP/USD breaches 1.2900 on poor UK data

The offered bias is now picking up pace around the Sterling and is forcing GBP/USD to revert initial gains and re-focus on the downside. GBP/USD chal


Have a nice trading!

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