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USD Daily Review January 29, 2019

USD Daily Review for January 29, 2019

EUR/USD: 53.8% of Traders Are Net-Long

Recent changes in sentiment warn that the current EURUSD price trend may soon reverse higher despite the fact traders remain net-long.

 

EUR/USD remains on track to finish the day with modest gains above 1.14

The EUR/USD pair started the week on a positive note and rose to a fresh 13-day high of 1.1443 before going into a consolidation phase in the NA sessi

 

NZD/USD pulls away from multi-week highs, trades below 0.6850 ahead of trade data

After rising to a fresh 5-week high near 0.6870 earlier in the day, the NZD/USD pair struggled to preserve its daily gains and fell into the negative

 

USD/CHF Technical Analysis: The Greenback drop is landing on 0.9910 support

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

 

AUD/USD fails to take advantage of USD weakness, looks to post daily losses near 0.7170

After touching a 10-day high above 0.72 earlier in the day, the AUD/USD reversed its course and fell into the negative territory in the NA session des

 

USD/CHF extends slide toward 0.99 as US stocks suffer heavy losses

The USD/CHF pair came under a renewed pressure in the second half of the day and fell to a 10-day low of 0.9906. As of writing, the pair was down 0.11

 

EUR/USD bulls targetting a break of 100-D SMA at 1.1451

The greenback has been drifting to the downside slowly due to heavy US yields following the sell-off on Wall Street lead by news in the DJIA component

 

USD/JPY Technical Analysis: Greenback weakening below 109.40 against the Japanese Yen

USD/JPY daily chart USD/JPY is having a deep pullback below the 50, 100 and 200-day simple moving averages (SMAs). USD/JPY 4-hour chart USD/

 

USD/JPY: Fundamental and technical risks titled to the downside, targets break of 109.20 support, eyes 21-D SMA

The greenback is bleeding out slowly and US yields are heavy following a sell-off on Wall Street lead by news in the DJIA component, Caterpillar, afte

 

The government shutdown cost the US billions of dollars, CBO says | Markets Insider

A 35-day partial government shutdown ended Friday. With hundreds of thousands of federal employees furloughed or forced to work without pay, it delayed ec…

 

Weekly Strategy Webinar: Trade Levels for EUR/USD, GBP/USD, Gold, SPX & More

https://www.dailyfx.com/forex/video/live_events/2019/01/28/Weekly-Trade-Levels-for-Euro-EURUSD-GBPUSD-Gold-SPX-AUDUSD-Technical-Price-Charts-MBCS.html?ref-au…

 




USD/JPY and AUD/USD Forecast January 29, 2019

The US dollar has pulled back a bit against the Japanese yen, but also bounced to form a less than impressive negative candle stick. However, we do have a co…

 

EUR/USD and GBP/USD Forecast January 28, 2019

The Euro initially pulled back during the trading session on Monday but found enough support in the form of the 50 day EMA to rally. However, after doing tha…

 

U.S. SEC Confirms Federal Court Makes $1B Ruling Against ‘Billion Dollar’ Ponzi Scheme

The U.S. SEC has announced that a federal court in Florida has approved judgments against a $1.2 billion Ponzi scheme that targeted over 8,000 retail investors across the country. It is unlikely to the last Ponzi scheme, given recent history, including Bernard Madoff’s massive Ponzi scheme.

 

USDJPY: 50.1% of Traders Are Net-Long

Recent changes in sentiment warn that the current USDJPY price trend may soon reverse higher despite the fact traders remain net-long.

 

GBPUSD: Traders Remain Net-Short

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

 

US Dollar Index Technical Analysis: Greenback bulls to target 96.00 figure in the short-term

DXY daily chart The US Dollar Index (DXY) is in a bull trend above 200-day simple moving average (SMA). However, bears are trading below the 50 an

 

GBP/USD on the defensive near 1.3150 ahead of UK’s Brexit Plan B vote

The GBP/USD pair keeps its range trade intact around the midpoint of the 1.31 handle, as we progress towards the London markets, with the UK Parliamen

 

EUR/USD: Upside appears capped by 100-DMA, focus on EUR/GBP

The EUR/USD pair extends its bullish consolidation phase above the 1.14 handle into early European trading, trapped between the 20-DMA support at 1.14

 

AUD/USD: Sellers continue to lurk near 0.7170, NAB data still weighs

The AUD/USD pair bounced-off lows near 0.7140 region and attempted a tepid recovery last hours, only to find stiff resistance near the 0.7170 level, a

 

USD/JPY: Bears headed to 109.00, as risk-off extends into Asia

The USD/JPY pair stalled its overnight recovery mode near 109.40 levels and turned lower once again in early Asia, tracking the negative sentiment on

 

AUD/USD drops on terrible NAB business conditions data

Yes, you read that number correctly, NAB’s business conditions 2 vs the prior 11. The long term average is 6. At the same time, business confidence re

 

AUD/USD May Fall Amid Huawei Scandal – Markets Eyeing Trade Talks

The Australian Dollar may fall this week as Chinese Vice Premier Liu He meets with Treasury Secretary Steve Mnuchin amid the prosecution of Huawei CFO

 




EUR/USD: Continues to recover – Commerzbank

Karen Jones, analyst at Commerzbank, points out that the EUR/USD continues to recover off the 2016-2019 uptrend at 1.1289 and have additional support

 

EURUSD Price: Bounce off Technical Support Improves Outlook

A worsening of US-China relations, a slowing global economy, a likely pause in US interest rate hikes and a positive technical picture are boosting EURUSD

 

Gold Price Further Gains Likely as US Dollar Wobbles

The price of Gold has broken through technical resistance and looks set to push higher as the US dollar weakens ahead of important US data

 

USD/JPY: Soft Brexit supports renewed risk-on sentiments

The US Dollar is trading little changed around 109.50 level against the Japanese Yen on Tuesday as the market is waiting for the fresh impulse for Bre

 

US Dollar Index Technical Analysis: Bearish below the resistance line at 96.58

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

 

USD/TRY: Likely rebound near term – Commerzbank

Karen Jones, analyst at Commerzbank, explains that the USD/TRY has reached the 2018-19 support line and the 200 day moving average at 5.2880/2551 as e

 

US Dollar Index in weekly lows near 95.70, US data eyed

The US Dollar Index (DXY), which tracks the greenback vs. a basket of its main rivals, remains on the defensive so far this week and trades in the 95.

 

USD/JPY: Move higher faltering at 110.00 – Commerzbank

Karen Jones, analyst at Commerzbank, suggests that for the USD/JPY pair intraday Elliott wave counts remain negative and the daily Elliott wave count

 

EUR/USD extends its weekly gains beyond 1.1400

The upbeat tone around the shared currency appears healthy so far on Tuesday, prompting EUR/USD to advance further north of the recently broken 1.1400

 

US Dollar Sentiment Turns Sour | Webinar

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