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USD Daily Review January 3, 2019

USD Daily Review for January 3, 2019

EUR/USD Hits 2-week Lows, Outlook Bearish

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


GBP/USD: Cable Crumbles After Year-End Rally Falls Short of Dec Highs

Bears are back in the British Pound, as the year-end rally in GBP/USD has given way to another test below the 1.2600-handle.


EUR/USD Fails at 1.1500 as the USD Jumps from Test of Two-Month Lows

The US Dollar is catching a vigorous bounce after a test of the November low, helping EUR/USD to fall after a re-test of the 1.1500


EURUSD Price: Be Prepared for a Possible Break to the Upside

EURUSD has been falling steadily since April 17, 2018. However, for the last few sessions the price seems to have been attempting a break above the re


AUD/USD remains on track to post its lowest daily close in nearly 3 years around 0.70

The AUD/USD pair broke below the critical 0.70 mark on Wednesday and slumped to its lowest level since January 2016 at 0.6982 before staging a modest


USD/MXN extends losses below 19.60, to lowest since October

The Mexican peso is rising against the US dollar for the fourth trading day in-a-row. USD/MXN broke below 19.60, a critical support levels and dropped


USD/CHF Technical Analysis: Greenback spiking up to 0.9920 level against CHF

USD/CHF daily chart USD/CHF is trading in a sideways trend above the 100 and 200-period simple moving average (SMAs). USD/CHF is testing the 0.990


NZD/USD heads for lowest close in two months

After a short-lived recovery, the Kiwi resumed the decline against the US dollar, falling to the lowest level since early November. The NZD/USD pair i


USD/JPY recovers large part of daily drop on improved sentiment, trades near 109.50

The USD/JPY pair dipped below the 109 mark for the first time in more than 7 months on Wednesday during the European trading hours but was able to ret


USD/CHF soars and climbs to 0.9900

The USD/CHF pair bounced sharply and climbed to the highest level in six days. Earlier today was testing monthly lows. The move to the upside took pla


AUD/USD: Risks weighing on the downside and price extends 35-month low

AUD/USD has been offered into the New Year, continuing within the longer term and shorter term bearish channels which are taking on a 35-month low as


USD/CAD Technical Analysis: Greenback bulls losing the grip on the 1.3600 figure

USD/CAD daily chart USD/CAD is trading in a bull trend above the 50, 100 and 200-period simple moving average (SMAs). USD/CAD is testing the May 2


GBP/USD slumps below 1.26 as USD preserves strength

After posting weekly gains in the last two weeks of the year, it took a single day for the GBP/USD to erase all these winnings on Wednesday. The pair


USD/JPY Technical Analysis: Greenback bulls en route to 110.00 figure

USD/JPY daily chart USD/JPY is trading in a bear trend below the 50, 100 and 200-period simple moving average (SMA). USD/JPY 4-hour chart US


EUR/USD hits 2-week lows on the back of a stronger US dollar

The EUR/USD pair dropped further despite the recovery in equity prices in Wall Street and in crude oil prices. It bottomed at 1.1341, the lowest since


USD/CAD drops to 1.36 as oil rebounds sharply

After posting a daily high of 1.3663 in the early NA session, the USD/CAD pair came under a renewed pressure as the commodity-sensitive loonie gathere


EUR/GBP: Bulls capped on dollar crossflows but downside limited on Brexit angst

EUR/GBP is extending the downside since supply hit at the highs of 0.9032, taking the cross down to a current low of 0.8981. Sterling and the eu


NZD/USD pulls away from daily lows, rises to 0.6680 on upbeat GDT auction

The NZD/USD pair slumped to its lowest level since early November at 0.6662 earlier today and has started consolidating its daily losses. Helped by a


USD/JPY and AUD/USD Forecast January 3, 2018

The US dollar has broken down rather significantly during the trading session on Wednesday as traders came back to open up the 2019 year. The US dollar falli…


EUR/USD and GBP/USD Forecast January 3, 2018

The Euro initially tried to rally during the trading session on Wednesday, reaching to the 1.15 level before turning over and rolling rather significantly to…


Apple Cuts Revenue Forecast on US-China Trade War, USDJPY Crashes

Apple plummeted in after-hours trading after a significant revision to their quarterly revenue projections. The company said demand from China was a headline contributor.


AUD/USD Rate Trades Below 0.7000 for First Time Since 2016

AUD/USD trades below 0.7000 for the first time since 2016, with the exchange rate at risk for further losses as it snaps the range-bound price


GBP/USD correcting the flash crash, but bear market personified

We are well and truly in a bear market where these type of shocks can take place and it was AUD/JPY that took the pillars away from under the FX space


AUD/USD falls to its lowest since 2009

The collapse of US equities after Apple cut its first-quarter revenue guidance triggered some wild movements across the FX board, exacerbated by thin


USD/JPY: Flash crash correcting, but downside risk prevail

The FX space has been shaken up in early Asia on the back of the news wires that Apple has seen a `significantly greater’ impact from some EM weakness


As the Dollar Hits a Two-Year High, Assessing its Drive

The DXY is still off its highs, but an equally-weighted measure for the Dollar shows the currency hitting January 2017 highs


S&P 500, Yen and Dollar Offer Mixed Risk Picture to Start the Year

The S&P 500 recovered from its gap lower to start Wednesday, but its chart still looks like the progression of a systemic turn


NZD/USD Technical Analysis: 2-Month Low Hit, Deeper Drop Expected

The New Zealand Dollar has dropped to a two-month low after topping below 0.70 as expected. Overall positioning hints a move below 0.66 is in


GBP/USD rebounds stiffly into 1.2550, upside limited as sentiment remains half-cocked

GBP/USD is trading into 1.2550 after an early Thursday plunge into 1.2396, and fx markets continue to recover from a risk-off shock fueled by thin vol


EUR/USD trying to walk back previous day’s losses as EU CPI, US NFP loom ahead for Friday

EUR/USD is trading into 1.1370 heading through the Pacific-Asia market session, lifting from Thursday’s early low of 1.1307 thanks to a broad-market d


AUD/USD cycling near 0.6950 as broad-market recovery gasses out

AUD/USD is grinding it out just beneath 0.6950 as the market fade of Thursday’s early decline runs out of momentum, leaving the Aussie strung out at c


NZD/USD recovers above 0.6600 after early Thursday sell-off

NZD/USD is trading into 0.6625 as the pair looks set to flub the early market’s recovery of Thursday’s opening currency collapse. The Kiwi whipsawed t


USD/JPY fades back towards 108.00, but risk-off mood remains

USD/JPY is currently churning near 107.75 as markets slowly fade the day’s early drop on refreshed global risk aversion, fueled by a disappointing App


EUR/USD flirts with 1.1300, bounces

Risk aversion dominates the beginning of the Asian session, exacerbated by thin volumes at this time of the day. Fears of a global economic downturned


EUR/USD trades on a firm note near 1.1370

After bottoming out in the vicinity of 1.1300 the figure during overnight trade, EUR/USD found fresh buyers and is now posting some decent gains in th


EUR/USD: Market reluctant to break higher – Commerzbank

Karen Jones, analyst at Commerzbank, EUR/USD pair is likely to consolidate further as the market seems reluctant to break higher at this stage as depi


US Dollar (USD) Has Room to Rally Further Ahead of US Payroll Data

The US dollar rally is not over yet with the daily chart throwing up a bullish technical signal.


Sterling (GBP) Latest: GBPUSD, GBPJPY Rattled by One Bad Apple

The British Pound was rocked during a low liquidity Asian session that saw the Japanese Yen bid strongly as stop losses crumbled across a wide


USD/TRY recedes from tops beyond 5.73 post-CPI

Poor start of the year for the Turkish Lira, which is depreciating for the second session in a row today and is lifting USD/TRY to the vicinity of 5.5


EUR/USD recovery fizzles near 1.1385 ahead of US ADP, ISM

The recovery in the EUR/USD pair from the flash crash lows of 1.1310 faltered in the upper bound of the 1.13 handle, as the bulls take a breather befo


US Dollar Index around 96.50 ahead of key data

After climbing to the boundaries of the key 97.00 mark on Wednesday, the US Dollar Index (DXY) met some selling impetus and has receded to the mid-96.


Have a nice trading!

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