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USD Daily Review February 7, 2019

USD Daily Review for February 7, 2019

EURUSD Bullish Bias, Position Pending Resistance Breakthrough

EURUSD has faced months of congestion but a dovish shift from the Federal Reserve may serve to spur buying pressure for the Euro.

 

GBPUSD: Sentiment Suggests Bearish Trading Bias

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

 

EUR/USD Suggests a Bearish Bias

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

 

Post-ECB EUR/USD Rebound Unravels, Bullish Momentum Abates

EUR/USD is back under pressure even as the FOMC drops the hawkish forward-guidance, with recent price action warning of a further decline as it carves

 

Gold Price Technical Outlook: XAU/USD to Threaten Deeper Correction

A reversal off Fibonacci resistance leaves the gold price rally vulnerable near-term. Here are the targets & invalidation levels that matter on the XAU/USD charts.

 

USD/CAD Rate Carves Higher Highs & Lows as Bear-Flag Runs Its Course

The bear-flag appears to have run its course, with USD/CAD at risk for a larger correction as the exchange rate carves a fresh series of

 

US Dollar Bulls Continue to Push as AUD/USD Crushed Through Support

The past week has produced a noticeable shift in US Dollar price action, as bulls have continued to drive after the currency posted a higher-low

 

EURUSD Rangebound, USDCAD Hits Resistance, AUDUSD Hammered – US Market Open

EURUSD Rangebound, USDCAD Hits Resistance, AUDUSD Hammered – US Market Open

 

USD/CHF rises further above party, to highest since mid-November

The USD/CHF rose back above the parity level and advanced firm. It climbed to 1.0025, hitting the highest level since November 16. It is consolidating

 

NZD/USD drops to 0.6830 on USD strength, eyes on New Zealand employment data

With the greenback preserving its broad-based strength in the NA session, the NZD/USD pair continued to edge lower and touched a fresh weekly low of 0

 

EUR/USD extends losses and eyes 1.1350 on US dollar strength

The EUR/USD broke to the downside and added to its daily losses. The pair reached a fresh weekly low at 1.1363. It is trading near the bottom, headed

 




AUD/USD extends daily decline, inches closer to 0.71

Following the sharp drop witnessed in the early Asian session on Wednesday, the AUD/USD pair struggled to shake off the bearish pressure and extended

 

GBP/USD: Consolidates in mid 1.29s ahad of BoE

GBP/USD has stalled in the daily downtrend from the 24th Jan high at 1.3217 as investors get set for the BoE on Thursday. With keeping Brexit in mind,

 

USD/CHF Technical Analysis: Greenback keeps the bullish mood going above the parity level

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

 

EUR/USD hits fresh lows below 1.1380

The EUR/USD dropped further during the US session on the back of a stronger US dollar. Also, the euro is falling against its mains European rivals.

 

USD/CAD stays close to 1.32 as crude oil sell-off continues

The USD/CAD pair rose above the 1.32 mark for the first time since January 30 as the commodity-sensitive loonie continued to weaken amid the ongoing c

 

EUR/USD and GBP/USD Forecast February 7, 2019

The Euro broke down rather significantly during the trading session on Wednesday as we continue to see a lot of negativity in this pair. However, there is ma…

 

USD/MXN Forecast February 7, 2019

The US dollar has found a bit of strength during the trading session on Wednesday, against not only the Mexican peso but many of the other currencies around …

 

NZDUSD Collapses on Deplorable Jobs Data

The New Zealand Dollar is coming under pressure as employment numbers miss expectations.

 

USDJPY: Prices May Continue to Fall

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

 

NZD/USD: Kiwi drops to fortnight low on softer than expected New Zealand employment report

The New Zealand Dollar lost nearly 70 pips against the USD to 0.6765 just after the New Zealand quarterly employment report on late Wednesday. The job

 

Breaking: NZD/USD plummets to 0.6770 as unemployment rises to 4.3% (4.1% expected) in New Zealand

The data published by the Statistics New Zealand revealed that the unemployment rate in the fourth quarter of 2018 rose to 4.3% from 3.9% recorded i

 

USD/CAD looks to close the day above 1.32 despite modest oil recovery

Despite the modest recovery seen in crude oil prices in the second half of the day, the USD/CAD pair didn’t have a difficult time extending its daily

 




S&P 500 Has a Technical Stall, Dollar Accelerates and Pound Readies for BOE Decision

The S&P 500 put in for an inside day while its most liquid derviative – the SPY ETF – saw its volume slump to four

 

EUR/USD Eyeing German Industrial Production, Gloomy Presentiments

The Euro will be closely watching German Industrial Production after Factory Orders substantially fell short of expectations. Movements in European bond markets are reflecting broader

 

Number One Spark for a Dollar Bullish Resurgence

Robust risk aversion can set USD as a fading carry, strong risk can create competitors and there are numerous political risks

 

AUD/USD and NZD/USD Sink Through Support. USD Eyes Jerome Powell

The S&P 500 halted its winning streak after poor German economic data, AUD/USD and NZD/USD had their worst days in years. The US Dollar eyes

 

GBP/USD: put value continues to rise on Brexit uncertainty

One-month 25 delta risk reversals on Sterling (GBP1MRR), which provide a measure of how much of a premium there is for GBP puts vs calls, is currently

 

AUD/USD Technical Analysis: 0.7070 support back on sight

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are

 

EUR/USD risk reversals hit 7-week low as markets favor EUR puts (bearish bets)

One-month 25-delta risk reversals on Euro (EUR1MRR), a gauge of puts to calls on the common currency, fell to -0.45 soon before press time, indicating

 

USD/CAD Technical Analysis: Better bid after falling wedge breakout

The USD/CAD pair is gaining altitude, now trading at a seven-day high of 1.3238, having confirmed a falling wedge breakout with a close at 1.3213 yest

 

USD/JPY Technical Analysis: Sellers continue to lurk ahead of 110.00

USD/JPY daily chart A horizontal-line connecting August 2018 closing lows to the highs marked during 2019 so far restricts USD/JPY upside around 11

 

USD/INR Technical Analysis: 100-day MA is key resistance

The USD/INR pair closed at 71.44 on Feb. 1, confirming a bull flag breakout. The 100-day moving average (MA), however, has put the brakes on the post-

 

AUD/USD dips below 0.71 as Australia consumer anxiety hits 3-year high

The bearish pressure around the Aussie dollar is strengthening as National Bank of Australia ‘s (NAB) survey released earlier today validated Reserve

 

NZD/USD Technical Analysis: Looks south after biggest single-day drop since Aug. 9

The NZD/USD pair fell 1.74 percent yesterday – the biggest single-day drop since Aug. 9 – and could soon drop to 0.67 as a weaker-than-expected New Ze

 




USD/JPY: Bearish argument towards 109 on failures to break through 110.16 highs

Overnight, USD/JPY probed under 109.60 but then recovered to near 110.00, about flat over the day as investors stay long of equities despite a negativ

 

GBP/USD: Move lower was likely – Commerzbank

According to Karen Jones, analyst at Commerzbank, GBP/USD has sold off to and is holding at the 38.2% retracement at 1.2922, this looks exposed as the

 

EUR/USD bounces off lows near 1.1350 post-German data

The selling bias around the European currency stays well and sound so far this week and is now forcing EUR/USD to trade in fresh 2-week lows near 1.13

 

EUR/USD: Grinding slowly lower – Commerzbank

Karen Jones, analyst at Commerzbank, points out that the EUR/USD is continuing to grind lower and they would expect to see the market stabilise shortl

 

USD/CHF Technical Analysis: 1.0030 offers strong resistance on hourly chart

USD/CHF daily chart Given the extended rise past 1.0010, 1.0030 and the 1.0080 are likely next levels to please buyers ahead of highlighting 1.01

 

US Dollar Index in 2-week highs near 96.50 ahead of Fedspeak

Measured by the US Dollar Index (DXY), the greenback keeps the rally well and sound for yet another session and is now navigating fresh 2-week peaks i

 

GBP Technical Analysis Overview: GBPUSD, GBPJPY, EURGBP

GBP Technical Analysis Overview: GBPUSD, GBPJPY, EURGBP

 

EURUSD Price: Bearish Bias Remains as US Dollar Bulls Run

EURUSD continues to move lower on Euro weakness/US dollar strength double. And there could be more trouble ahead with the release of the European Economic

 

USD/JPY: Risks clearly remain – Westpac

According to Robert Rennie, head of EM strategy at Westpac, improved risk sentiment in a range of markets including credit, EM equity and peripheral E

 

Breaking: GBP/USD crashes on as BOE says Brexit damage has increased

GBP/USD towards 1.2850 Follow our live BOE Coverage — more to come

 

USD/JPY stuck in tight range below 110 ahead of Fed speeches

For the third straight day, the USD/JPY pair continues to trade in a very tight range below the 110 mark as the souring market sentiment doesn’t allow

 

GBP/USD challenges 1.2900 ahead of BoE, looks to PM May

The offered bias around the Sterling is now prompting GBP/USD to recede further and briefly test sub-1.2900s levels, or fresh 2-week lows. GBP/USD lo

 




EUR/USD comes down to test 1.1330, 200-week SMA

Another bout of selling pressure is now pushing EUR/USD to visit the 1.1330 area, where sits the critical 200-week SMA. EUR/USD navigates 2-week lows

 

EU slashes euro-zone growth forecast to 1.3%, Italy only 0.2% – EUR/USD pressured

The European Union cut the growth forecast of the euro-zone from 1.9% to only 1.3% in 2019. The fresh data is even worse for Italy, the third-largest

 

Have a nice trading!




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