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USD Daily Review February 5, 2019

USD Daily Review for February 5, 2019

EUR/USD: Traders Remain Net-Short

The combination of current sentiment and recent changes gives us a further mixed EURUSD trading bias.


USD/JPY Carves Bullish Series, RSI Breaks Out Following Upbeat NFP

USD/JPY carves a fresh series of higher highs & lows following the upbeat NFP report, while the RSI breaks out of the bearish formation from


EUR/USD Holds Resistance, AUD/USD in Focus Ahead of RBA

Both the Dow and S&P 500 have found resistance at key areas on the chart while focus shifts towards Australia and AUD/USD for tonight’s RBA


GBPUSD Drop Curbed by Key Support, EURUSD Range to Stay – US Market Open

GBPUSD Drop Curbed by Key Support, EURUSD Range to Stay – US Market Open


GBP/USD finds resistance near 1.31 on Monday, steadies around mid-1.30s,

After losing more than 100 pips in the previous week, the GBP/USD pair failed to stage recovery on Monday and continued to pull away from the multi-mo


USD/INR eases from multi week tops near 72, looks to finish the day modestly higher

The USD/INR pair gained traction on Monday and advanced to its highest level since mid-December at 71.91 before correcting a small part of its daily u


USD/JPY fails to hold on top of 110.00 and retreats modestly

The USD/JPY pair rose earlier today to 110.15, a fresh 1-month high but during the US session failed to hold on top of 110.00 and pulled back, trimmin


EUR/USD trades below 1.450 as US Dollar Index looks to post modest daily gains

Since failing to hold above the 1.15 mark last week, the EUR/USD pair has been having a difficult time gaining traction. After starting the week on a


USD/CHF Technical Analysis: The parity level is a tough nut to crack

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 Technical Analysis: Greenback at multi-month lows against CAD

USD/CAD daily chart USD/CAD is having a deep pullback near the 200-day simple moving averages (SMAs). USD/CAD 4-hour chart USD/CAD is tradin


NZD/USD pulls away from daily lows, stays quiet below 0.69

The broad-based USD strength on Monday weighed on the NZD/USD pair and dragged it to a fresh 5-day low of 0.6870. With the greenback struggling to pre


GBP/USD jumps from weekly lows to daily highs on latest Brexit headlines

The GBP/USD bottomed minutes ago at 1.3039, the lowest level in a week and then bounced quickly, rising to 1.3103, hitting a fresh daily high. The 1.3


AUD/USD bears stalling at key confluence, pick-up in metals, ATR near max ahead of RBA

AUD/USD is currently trading on the back-foot as the dollar continues with its upward correction and has now completed a 78.6% fibo retracement of the


US Dollar Index firmer, tests highs near 95.90

The greenback is prolonging the upside today, pushing the US Dollar Index (DXY) to fresh 3-day highs near the 95.90 area. US Dollar Index up on USD/J


USD/JPY moves to 2019 tops beyond 110.00

Increasing selling pressure around the Japanese currency is now lifting USD/JPY to fresh YTD tops above 110.00 the figure. USD/JPY bolstered by yield


Weekly Strategy Webinar: Trade Levels for EUR/USD, USD/CAD, Gold, Crude Oil, & More…


EUR/USD and GBP/USD Forecast February 5, 2019

The Euro fell during the trading session on Monday, reaching towards the 1.14 level. The 50 day EMA has offered support though, as we continue to show signs …


USD/MXN Forecast February 5, 2019

The US dollar has gone back and forth quite a bit against the Mexican peso to kick off the week, as we continue to test the 19 pesos region. As you can see, …


AUD/USD Rate Risks Larger Pullback on Wait-and-See RBA Policy

The Reserve Bank of Australia (RBA) meeting may fuel a larger pullback in AUD/USD as the central bank is widely expected to keep the official


When are the Australian retail sales/ trade data and how could they affect AUD/USD?

Australian retail sale/ trade balance overview Markets buckle up for the main event risks from Australia this Tuesday, with the December retail sales


GBP/USD Technical Analysis: Cable slowly approaching 1.3000 figure

GBP/USD daily chart GBP/USD is trading just above its 200-day simple moving average. GBP/USD 4-hour chart GBP/USD is trading above the 100 a


AUD/USD: Better bid near 0.7225 ahead of key Australian data and RBA

AUD/USD extended its losses to under 0.7220 on Monday as sour Australian building approvals and a weeklong holiday at China weighed on the Aussie amid


US Dollar Index Technical Analysis: Consolidative Tuesday for the Greenback

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


Is the Australian Dollar Impervious, Disconnected or Temporarily Side-Tracked?

The Australian Dollar has exhibited little exceptional volatility and no commitment to trends


AUD/USD Extends Gains After RBA Holds Firm, Equities in Focus

The Australian Dollar may continue its spirited rally against the greenback on US-China trade war developments and rallies in global equities.


Australian Dollar Eyeing RBA Rate Decision and Trade War News

Australian Dollar traders will be closely eyeing the RBA rate decision and trade war news as the US and China rush to reach an agreement


S&P 500 Soars as Data Underscores Dovish Fed, AUD/USD Awaits RBA

Disappointing US economic data likely fueled another rally on Wall Street. The Australian Dollar looks to the next RBA rate decision as the anti-risk Japanese


USD/JPY risk reversals at 7.5-week highs, point to more JPY pain

USD/JPY three-month 25 delta risk reversals (JPY1MRR) are currently trading at -1.462; the highest level since Dec. 14. The gauge stood at -2.275 on J


USD/CAD risk reversals have shed CAD bearish bias

One-month 25 delta USD/CAD risk reversals (CAD1MRR), a gauge of puts to calls, is currently trading at 0.025 CAD puts vs 0.35 CAD puts seen on Dec. 31


GBP/USD drops to a week low ahead of the UK services PMI

The GBP traded a shade weaker than the US Dollar around 1.3030 during early Asian market hours on Tuesday. Overall improvement in the risk appetite he


AUD/USD turns positive, AU-US yield spread rises on RBA’s status quo decision

The bid tone around the Aussie dollar strengthened, pushing the AUD/USD pair to a session high of 0.7246 after the RBA kept rates unchanged as expecte


USD/INR Technical Analysis: Path of least resistance is to the higher side

The USD/INR pair closed well above the Jan. 21 high of 71.52 yesterday, reviving the bullish view put forward by the falling wedge breakout on Jan. 18


When is the RBA rate decision and how could it affect the AUD/USD pair?

The Reserve Bank of Australia rate decision is due today at 03:30 GMT. The central bank is widely expected to keep interest rates unchanged at the rec


BOJ official: Yen could strengthen to 95 against the dollar in H1 2019 – Bloomberg

The Japanese yen could jump to 95 per US dollar in the first half of the year and the Bank of Japan (BOJ) would likely have to respond even though it


USD/CAD Technical Analysis: eyes falling trendline hurdle after the bullish RSI divergence

The USD/CAD pair is currently trading at 1.3117 and could rise test the falling trendline resistance, currently at 1.3170, as the relative strength in


AUD/USD drops below 0.72 on dismal Aussie retail sales and international trade data

The AUD/USD pair is feeling the pull of gravity, courtesy of the dismal Aussie data. The seasonally adjusted retail sales fell 0.4 percent in Decembe


Dollar May Rise on ISM, Trade and Shutdown Cues Sought in SOTU

The US Dollar may rise if services ISM data outperforms. Clues on US-China trade talks and another government shutdown will be sought in the State


USD/JPY: Corrective move – Commerzbank

According to Karen Jones, analyst at Commerzbank, USD/JPY pair has seen a slight erosion of the 110.000 resistance and the Elliott wave count continue


EUR/USD remains weak around 1.1430 ahead of EMU data

The selling mood around the European currency remains well and sound so far this week, taking EUR/USD to the 1.1430 region, down smalls for the day.


GBP/USD: Deeper retracement – Commerzbank

Karen Jones, analyst at Commerzbank, suggests that the GBP/USD pair is starting to erode the 200 day ma and the daily Elliott wave count is suggesting


EUR/USD: Consolidating – Commerzbank

Karen Jones, analyst at Commerzbank, points out that the EUR/USD pair continues to remain range bound, consolidating around its 100 day ma at 1.1436.


Technical Analysis for EUR/USD, USD/CAD, AUD/NZD & More

The Euro is weakening off trend resistance, USD/CAD trying to strengthen off support, AUD/NZD is proving weak so far off support; other technical developments discussed


EURUSD Price Analysis: Lack of Bullish Impetus Limits Near-Term Range-Break

EURUSD Price Analysis: Lack of Bullish Impetus Limits Near-Term Range-Break


EUR/USD finds support near 1.1400 on mixed data

After bottoming out in the vicinity of the 1.1400 mark, EUR/USD is now attempting to rebound following the mixed results from the EMU docket. EUR/USD


USD/TRY: Consolidation in place – Commerzbank

Karen Jones, analyst at Commerzbank, points out that the USD/TRY has practically reached the November low at 5.1331 before consolidating below the 200


GBP/USD weaker, looks to 1.3000 post-PMI

The selling pressure around the Sterling is now picking up pace and dragging GBP/USD to the vicinity of the psychological support at 1.3000 the figure


Technical Analysis for EUR/USD, USD/CAD, AUD/NZD & More

The Euro is weakening off trend resistance, USD/CAD trying to strengthen off support, AUD/NZD is proving weak so far off support; other technical development…


Have a nice trading!

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