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USD Daily Review February 4, 2019

USD Daily Review for February 4, 2019

Weekly Technical Forecast: Whether The Dows Trend or Dollar Range, Conviction Looks Wanting

Risk-leaning assets enjoyed a strong charge through this past week. Global indices, commodities and emerging market assets were all buoyed by a welcome return of


Weekly Fundamental Forecast: Markets Look for Footholds to Keep Stocks, Oil Rising and Dollar Steady

As we transition into the first trading week of February, we leave behind the most optimistic January in over 30 years punctuated by a dovish


US Dollar May Rise on Haven Demand as Market Sentiment Sours

The US Dollar may trade broadly higher in the week ahead as a dour turn in market sentiment stokes haven-seeking demand for the benchmark currency.


Will Dollar, S&P 500 Set Trends from Progress in Fed Policy, Earnings, Trade War?

These past few weeks have brought the end of the US government shutdown, a dovish Fed shift and voiced enthusiasm around trade wars


New Zealand Dollar Weekly Technical Forecast: NZDUSD Rally May Stall at Resistance, NZDCAD to Test Support

NZDUSD may stall at near-term resistance as the fundamental tailwinds that spurred the rally fade. The pair now rests between key technical levels.


Canadian Dollar May Be Torn Between Upbeat Local and US Econ Data

The Canadian Dollar rose as a relatively dovish Fed boosted sentiment and crude oil prices. Focus shifts to local and US economic data next week.


AUD/USD and AUD/JPY May Extend Climbs as AUD/CAD Holds its Ground

After a strong week for the Australian Dollar, it may add gains versus the US Dollar and the Japanese Yen as the Canadian Dollar holds


Australian Dollar Could Wilt If Focus Returns To Interest Rates

Australian Dollar bulls have had a great week as various stars align over their currency, taking it up to two-month highs against the greenback. Can


Canadian Dollar Weekly Outlook: USD/CAD Breakdown Targets Key Support

Loonie has topped the performance charts against the USD year-to-date with price now targeting 13-week lows. Here are the levels that matter on the USD/CAD


USD/JPY Forecast: Post-NFP Rebound at Risk on More Dovish Fed Rhetoric

The USD/JPY flash-crash rebound may continue to unravel over the coming days as the Federal Reserve drops the hawkish forward-guidance for monetary.


US Dollar Index Technical Analysis: Greenback bulls looking at the 96.00 figure

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


USD weakness to persist – NBF

Explained that the US dollar could see occasional bouts of strength, they continue to expect a mostly downward trend over the next months for the gree


USD/MXN ends week higher above 19.00 as Mexican peso weakens

The USD/MXN is about to post the first weekly gains after falling during seven weeks in-a-row. The recovery remains modest and took place on the back


USD/CAD Technical Analysis: Greenback dropping like a stone below 1.3100 against Canadian Dollar

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


EUR/USD steadies below 1.15, looks to close second straight week higher

The EUR/USD pair continued to push higher in the NA session and touched a fresh daily high of 1.1488. With the trading volume thinning out toward the


USD/CHF Technical Analysis: Swissy ends the week directionless

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


USD/CAD extends slide below 1.3100 to lowest in 12 weeks

The USD/CAD pair broke below the key 1.3115/20 support area and tumbled to 1.3082, the lowest level since November 7. The pair resumed the move lower


USD/JPY climbs to mid-109s as greenback gathers strength on upbeat PMI data

The USD/JPY pair gained traction in the last hour and gained more than 50 pips to reach a fresh 2-day high of 109.47. As of writing, the pair was up 0


USD/JPY Technical Analysis: The 109.20 bull target is hit and exceeded as USD bulls roar back post-NFP

USD/JPY daily chart USD/JPY is trading in a deep pullback below the 50, 100 and 200-day simple moving averages (SMAs) on the daily chart. The US n


As Apple’s stock plunged, a billion-dollar wealth manager sent an email saying not to freak out. Here’s why he thinks the tech titan is set to explode higher.

One of the best CEO’s ‘on the planet’ backed by fierce generals and hefty R&D put Apple in a very strong position, according to this wealth manager.


MoviePass shows off new giant billboards in Times Square after burning through hundreds of millions of dollars

MoviePass executive vice president Khalid Itum posts a video showing off the giant ad that’s up in Times Square.


EUR/USD and GBP/USD Forecast February 4, 2019

The Euro initially tried to rally during the day on Friday but gave back quite a bit of the gains to form a shooting star just below the 1.15 level. This mea…


NZD/USD: Bears piling in below key support for a test of the 38.2% fibo retracement of Fed rally

The bird lost flight on Friday, although higher on the week. A mix of Fed sentiment and geopolitics have been the key driver although Friday’s U.S. jo


EUR/USD Technical Analysis: Candle Setup Hints at Euro Weakness

The Euro may be preparing to turn lower against the US Dollar after producing a bearish candlestick pattern on a test of 13-month downtrend resistance.


USD/JPY Technical Analysis: looks north on descending broadening channel breakout

The USD/JPY pair is looking north, having cleared the crucial resistance of 109.57 earlier today. 4-hour chart As seen above, the pair has found


EUR/USD: Indecisive market, bulls need break above 1.1570

The EUR/USD pair hit a high and low of 1.1570 and 1.1289, respectively, before ending the month on a flat note at 1.1447. Essentially, the pair creat


USD/INR hits highest since Dec. 17, eyes 100-day MA hurdle

The USD/INR is currently trading at71.67 – the highest level since Dec. 17 – and could soon test the 100-day moving average (MA) lined up at 71.80. T


AUD/USD challenges former resistance-turned-support after dismal Aussie housing data

The Aussie dollar fell in the red after the Australia Bureau of Statistics (ABS) said building approvals had dived more than expected in December. To


USD/JPY: Fed put in play, risk takers back in the driver’s seat

USD/JPY benefited from the jump in US yields on Friday following the NFP report that sent the pair rallying from 108.90 to almost 109.60 after the job


US Dollar, Yen May Rise as Data Forces Fed Outlook Rethink

The US Dollar and Japanese Yen may rise as upbeat economic data forces financial markets to rethink the latest dovish shift in Fed monetary policy


EUR/USD: Range bound trading – Commerzbank

Karen Jones, analyst at Commerzbank, suggests that after the EUR/USD pair being range bound, they are looking for gains to the 200 day ma at 1.1556.


EUR/USD on the defensive near 1.1440 ahead of EMU data

The European currency has started the week on a negative note and is now forcing EUR/USD to recede to the 1.1440 region, home of the 100-day SMA. EUR


USD/CHF Technical Analysis: Another attempt to break 1.0000-1.0010 horizontal resistance

The US Dollar accelerated its recovery against the Swiss France (CHF) with a high of 0.9970 on Monday. The pair reversed from 50-day and 200-day simpl


EURUSD Price Struggles After Latest Weak Economic Release

The latest Sentix Euro-Zone Economic Index fell to a multi-year low as growth continues to weaken within the single-block.


EUR/USD parked around 1.1440 following EMU data

The mood around the shared currency stays somewhat depressed on Monday, with EUR/USD parked around the 1.1440 area so far. EUR/USD weaker on EMU data


GBP/USD tumbles to session lows near 1.3050

The offered bias around the British Pound remains well and sound at the beginning of the week and is now dragging GBP/USD to fresh daily lows in the m


US Dollar Index clings to daily gains near 95.70

The US Dollar Index (DXY), which tracks the greenback vs. its main rivals, is posting gains for another session and is testing the 95.70 region so far


Have a nice trading!

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