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USD Daily Review January 30, 2019

USD Daily Review for January 30, 2019

USD/JPY Outlook Mired by Lower Highs & Lows, Bearish RSI Formation

The recent series of lower highs & lows raises the risk for a further depreciation in USD/JPY especially as the RSI responds to the bearish


US Dollar Sentiment Turns Sour | Webinar

Confidence in the US Dollar is waning as trade concerns, signs of a global economic downturn and disappointing corporate earnings combine to reduce demand for


Breaking: UK lawmakers accepts Brady amendment, GBP/USD extends losses to 1.3070

British lawmakers have accepted the amendment, 317 vs 201, tabled by Graham Brady, chair of the 1922 Committee is the voice of Tory backbenchers, that


GBP/USD has dropped hard on the back of a key vote of the Cooper amendment failing

GBP/USD has dropped on a critical vote that has been thrown out by The Commons respecting the UK’s electorate considering it could have been seen as a


GBP/USD Technical Analysis: Cable is dropping below 1.3100 figure on Brexit votes

GBP/USD 30-minute chart GBP/USD broke below the 1.3100 figure and all its main SMAs as UK lawmakers reject Cooper’s ‘extend article 50’ amendment,


Breaking: UK lawmakers reject Cooper’s ‘extend article 50’ amendment, GBP/USD drops to 1.31

British lawmakers have rejected down the Yvette Cooper amendment, 321 vs 298, which would guarantee time for Cooper to draft a bill to extend article


USD/MXN sideways around 19.00, still near 3-month lows

The Mexican peso is about to end the day modestly higher against the US dollar amid an improvement in global sentiment and higher crude oil prices. Th


USD/JPY Technical Analysis: Greenback trading below 109.50 against the Japanese Yen

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. USD/J


USD/CHF rises above 0.9950 as DXY rebounds

After spending the majority of the day in a tight range above the 0.99 mark on Tuesday, the USD/CHF pair gained traction and rose to a daily high of 0


USD/JPY: Scalpers delight, but for how long?

USD/JPY has been moving sideways in a range of around 40 pips today, offering buyers and sellers enough assurances to continue scalping the ebbs and f


EUR/USD and GBP/USD Forecast January 30, 2019

The Euro went back and forth during the trading session on Tuesday, as the 1.1450 level looks to be offering resistance. There is a lot of noise between here…


USD/JPY and AUD/USD Forecast January 30, 2019

The US dollar initially tried to rally against the Japanese yen again on Tuesday but has found resistance above as we have seen more than once lately. We hav…


USD/MXN Forecast January 30, 2019

The US dollar fell slightly against the Mexican peso during the session on Tuesday as we continue to dance around the 19 handle. As you can see on the chart,…


EUR/USD Technical Analysis: Next directional move favors the Euro bulls to 1.1500 target

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


Brexit Votes Leave Pound Lower, Dow and Dollar Ready for Fed

Top event risk ahead includes the FOMC decision, Mexican 4Q GDP, French GDP, Eurozone sentiment surveys and earnings among other data


AUD/USD in Focus as Chinese Delegation Arrives in Washington

AUD/USD will be closely watched as Chinese Vice Premier Liu He and US officials meet to negotiate trade relations. This is also occurring against the


Japanese Yen Technical Analysis: USDJPY Stuck, Can Fed Shift It?

The Japanese Yen has been effectively stymied between two key retracement levels for the last month. A break may be more dependent on fundamentals than


AUD/USD Jumps CPI Data – Markets Eyeing US-China Trade Talks

The Australian Dollar jumped as year-on-year CPI came in better than expected. AUD/USD traders are now eyeing the upcoming trade talks between Beijing and Washington


Brexit Amendment Votes Spook GBP Traders, AUD/USD Eyes CPI Data

The British Pound tumbled as a series of Brexit amendment votes spooked investors. AUD/USD follow-through on CPI data may have to wait until RBA. Nikkei


AUD/USD risk reversals rise to six-week high, point to AUD strength

The one-month 25 delta risk reversals (AUD1MRR) on the Aussie dollar, a gauge of calls to puts on the Australian currency, has hit the highest level s


GBP/USD: Recovery appears shallow as UK PM May set to renegotiate with EU

The recovery in the GBP/USD pair from weekly lows of 1.3058 lost legs just shy of the 1.31 handle, as the bears keep the upside attempts capped amid t


EUR/USD: Focus on Eurozone CPI and Fed minutes

The EUR/USD pair is currently trading at 1.1438, having clocked a two-week high of 1.1450 yesterday. On Friday, the currency pair witnessed a biggest


USD/INR: Bull breakout ahead of Fed policy meet

The USD/INR pair jumped 0.46 percent on Tuesday, putting the focus back on the falling wedge breakout confirmed on Jan. 18. Put simply, the bulls loo


AUD/USD Technical Analysis: Eyes recent highs above 0.72 on pennant breakout

The AUD/USD pair is eyeing a test of the recent high of 0.7204, having witnessed a pennant breakout on the hourly chart following an above-forecast Au


NZD/USD Technical Analysis: risks pullback on repeated fakeout

The NZD/USD pair could be in for a pullback below 0.68, having failed to capitalize on the triangle breakout last Friday. Daily chart As seen abov


GBP/USD Technical Analysis: ticking higher in Asia, but 4H bear RSI divergence is still valid

The GBP/USD pair is currently trading at 1.3086, having hit a low of 1.3056 earlier today. The uptick, however, could run into offers as the bearish d


AUD/USD rallies 30 pips on CPI within technical downtrend; bears fading on rallies due to fundamentals

AUD/USD is bid on the data but it the outcome is not going to move the needle in the early Feb RBA meeting, nor is it likely to change their outlook f


Brexit Votes Leave Pound Lower, Dow and Dollar Ready for Fed

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EUR/USD clings to daily gains near 1.1430, FOMC eyed

The bid tone around the single currency remains well and sound so far this week, prompting EUR/USD to advance for the fourth consecutive session to th


EUR/USD: Probing the 100 day ma – Commerzbank

Karen Jones, analyst at Commerzbank, suggests that the EUR/USD pair is probing the 100 day ma at 1.1444 and is now exposed and a break above here shou


GBPUSD Outlook Positive After Drop on Concerns About a No-Deal Brexit

Sterling was hit hard Tuesday by a perceived increase in the chances of a no-deal Brexit but has since stabilized and could well rally from


AUD/USD: Upbeat inflation pleased Aussie bulls before Fed meets

The Australian Dollar (AUD) recovered all of its Tuesday’s losses and gained 50-pips towards marking the Wednesday’s high of 0.7200 after the fourth-q


USD/CAD tumbles to session lows near 1.3230, FOMC on sight

After two consecutive daily advances, USD/CAD has now come under some downside pressure and retreats to the 1.3230 region, or new 2-day lows. USD/CAD


Germany officially slashes 2019 GDP forecast to 1% – EUR/USD ticks down

The German Economy Ministry has confirmed that it has drastically reduced forecasts for Gross Domestic Growth for 2019 from 1.8% to 1%. Europe’s large


USD/JPY: Japanese Yen awaits fresh impulse from the Fed and trade talks

The Japanese Yen is trading little changed near 109.45 against the US Dollar on Wednesday around noon in London as global investors eagerly await Fede


AUD/USD flirting with the 0.7200 handle, 3-day highs

A fresh wave of buying interest in the Aussie Dollar is now helping AUD/USD to move higher and retake the critical barrier at 0.7200 the figure, testi


USD/JPY remains flat above 109.00 ahead of FOMC

USD/JPY keeps looking for direction so far this week and is now extending the rangebound pattern in the low-109.00s. USD/JPY focused on Fed Spot rem


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