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USD Daily Review January 31, 2019

USD Daily Review for January 31, 2019

FOMC Leaves Rate Range Unchanged, Dollar Dives Before Powell Presser

The US government shutdown will have a direct impact on how the Federal Reserve operates at the start of 2019.

 

US Dollar Set to Be the Rudder of Risk Sentiment Post FOMC | Podcast

All eyes are on USD in the wake of the January FOMC meeting while developments in China could lead to further PBoC accommodation and credit

 

Canadian Dollar Price Outlook: USD/CAD to Threaten January Lows

The US Dollar remains at risk for further losses heading into major event risk this week. Here are the targets & invalidation levels that matter

 

FOMC Preview: EUR/USD Outlook Hinges on Fed Balance-Sheet Reduction

It remains to be seen if the Federal Open Market Committee (FOMC) will adjust the $50B/month in quantitative tightening (QT) amid little to no signs

 

US Dollar Steady ahead of January FOMC Meeting; US-China Trade Talks

The US government shutdown will have a direct impact on how the Federal Reserve operates at the start of 2019.

 

US Dollar (USD) Faces a Pivotal Few Days Including FOMC & NFPs

The US dollar index (DXY) remains in a tight range around the long-term moving average and with US GDP, the latest FOMC meeting and the

 

USD/CAD looks to close below 1.3150 on oil rally, dovish Fed

The USD/CAD pair extended its daily slide and slumped to its lowest level since early November at 1.3118 before recovering modestly toward the end of

 

USD/JPY Technical Analysis: Greenback reverses weekly gains as Fed leaves the target for fed funds rate unchanged

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. FOMC kee

 

AUD/USD rises to strongest since early December on dovish Fed

The AUD/USD pair broke decisively above 0.7200 after the FOMC left monetary policy unchanged and moved to a “patient” stance. It climbed from 0.7195 t

 

Breaking: Fed leaves policy unchanged, USD initially down

— more coming Join the LIVE Fed Coverage The Federal Reserve was expected to leave its policy unchanged in the first decision for 2019. After Fed

 

EUR/USD finds support near 1.14, eyes on FOMC statement and Powell speech

The EUR/USD pair lost its traction in the second half of the day and fell to a session low of 1.1407 before going into a consolidation phase ahead of

 




Dollar turns negative as Federal Reserve stresses it will be ‘patient’ on rate hikes

The U.S. dollar turned lower on Wednesday, as the Federal Reserve said it will be ‘patient’ on further interest rate increases during its first policy

 

EUR/USD and GBP/USD Forecast January 31, 2019

The Euro initially pulled back during trading on Wednesday but then shot higher from the 50 day EMA. This was accelerated as the Federal Reserve press confer…

 

These Emerging Markets Could Soar If the Dollar Falls

Last year was admittedly a tough one for emerging markets. A number of currencies were under considerable pressure, with some of them falling to record or near-record lows against the strong U.S. dollar. But since then the investment case for emerging markets has vastly improved.

 

AUD/USD off 8-week highs, side-lined near 0.7250 ahead of China PMis

The Aussie bulls appear to take a breather in the early Asian trading, allowing the AUD/USD pair to consolidate the overnight rally near the midpoint

 

USD/JPY and AUD/USD Forecast January 31, 2019

The US dollar has been all over the place against the Japanese yen during the trading session on Wednesday, which you would expect during a Federal Reserve p…

 

AUD/USD Technical Analysis: Eyeing 0.73 After Swing High Break

The Australian Dollar is eyeing a return to the 0.73 figure after breaking chart resistance but longer-term positioning still favors a broadly bearish bias.

 

Fed-Boosted Australian Dollar Ticks Up On Modest China PMI Beat

The Australian Dollar had already risen sharply thanks to perceived rate dovishness from the Fed, but it rose again following China PMI data, despite news

 

Relatively Dovish Fed Catches US Dollar Off Guard, China PMI Next

An increasingly cautious and relatively dovish Fed sunk the US Dollar and bolstered the S&P 500 and Dow Jones. Softer Chinese Manufacturing PMI leaves AUD/USD,

 

GBP/USD looking to test post-FOMC highs near 1.3150

The GBP/USD pair is on a steady rise so far this Thursday and looks to test the post-FOMC highs at 1.3146, having paused its overnight retreat just ah

 

USD/JPY Technical Analysis: prints fresh-two week lows, focus on today’s close

The USD/JPY pair fell to 108.79 – the lowest level since Jan. 17 – soon before press time and risks falling further, courtesy of the Fed’s dovish turn

 

USD/CNH Technical Analysis: bounce likely as RSI drops below 30 on key timeframes

The USD/CNH pair looks overdue for a corrective bounce, as the relative strength indices (RSIs) on the hourly, 4-hour and daily chart are reporting ov

 

EUR/USD has eroded the 100 day ma – Commerzbank

Karen Jones, analyst at Commerzbank, points out that the EUR/USD pair has eroded the 100 day ma at 1.1443 and this is break point to propel it to the

 




FX Today: USD weakness extends into Asia; Eurozone GDP, US-China trade talks eyed

The extension of dovish FOMC led US dollar weakness emerged the main underlying theme in Asia this Thursday, keeping the sentiment buoyed around most

 

EUR/USD Technical Analysis: At 3-week highs, minor pullback likely before further gains

The EUR/USD pair is currently trading at 1.1508 – the highest level since Jan. 11 – on the back of dovish Fed and could rise further toward the Jan. 1

 

Italy Enters a Technical Recession, EUR/USD Recovery Halted

Italy Enters a Technical Recession, EUR/USD Recovery Halted

 

EURUSD Hitting Resistance After Dovish Fed Boost

A dovish press conference by Fed Chair Jerome Powell sent the USD scuttling lower late Wednesday, helping EURUSD back to the 1.1500 level and near

 

When is the monthly Canadian GDP report and how could it affect USD/CAD?

Canadian Monthly GDP Overview Thursday’s economic docket highlights the release of monthly Canadian GDP growth figures for November, scheduled to be

 

USD/JPY tumbles to 2-week lows near 108.50 ahead of US data

The better tone in the Japanese safe haven is sustaining another daily pullback in USD/JPY, which has so far met support in the mid-108.00s. USD/JPY

 

EUR/USD slips to daily lows near 1.1480 post-EU data

The correction lower around the European currency is now picking up pace and is dragging EUR/USD to test daily lows in the proximity of 1.1470. EUR/U

 

US Dollar Index slowly inching higher, around 95.30

The greenback is looking to extend the rebound from post-FOMC lows and has now managed to regain the 95.30 zone when tracked by the US Dollar Index (D

 

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