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USD Daily Review January 4, 2019

USD Daily Review for January 4, 2019

FX Price Action Setups in USD/JPY, GBP/JPY and USD/CAD

It’s been a fairly intense start to 2018 already, and tomorrow brings Non-Farm Payrolls as a plethora of workable themes remain for traders.

 

EUR/USD Initiates Bearish Series as Rebound Flops Ahead of November-High

EUR/USD initiates a series of lower highs & lows after failing to test the November-high (1.1500), with the Relative Strength Index (RSI) also flashing a

 

USD/JPY Technical Analysis: 3 Year Pattern Complete?

The Elliott Wave chart pattern for USDJPY shows the three year triangle from 2015 may have completed today. If correct, this implies a very large

 

USD/JPY Rate Forecast: RSI Sits in Oversold Zone Following Flash Crash

The 2018-low (104.63) remains on the radar for USD/JPY as the exchange rate carves a string of lower highs & lows, while the RSI sits

 

USDJPY: 27% Lower Net-Short Suggests Prices May Continue to Drop

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

 

GBPUSD: 74% Net-Long Gives a Bearish Signal

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

 

USD Falters at Resistance, JPY Spikes Higher on FX Flash Crash- US Market Open

USD Falters at Resistance, JPY Spikes Higher on FX Flash Crash- US Market Open

 

Waning ISM Manufacturing Survey to Fuel EUR/USD Rebound

Fresh updates to the ISM Manufacturing survey may fuel a larger rebound in EUR/USD as the index is expected to narrow to 57.8 from 59.3

 

USD/JPY: Yen Melts Up, Snaps Back as Fear is in the Air to Start 2019

Risk aversion didn’t wait around for long as big moves registered in the currency market on the first trading day of 2019.

 

USD/MXN remains under 19.70, near monthly lows

The Mexican peso lost strength during the Asian session amid risk aversion amid increasing fears of a global slowdown but then managed to recover most

 

GBP/USD climbs to daily highs near 1.2650 on broad-based USD weakness

After spending the Asian session consolidating yesterday’s losses above the 1.25 mark, the GBP/USD pair gained traction in the second half of the day

 




GBP/USD Technical Analysis: Sterling pierce through 1.2600 figure as USD weakens across the board

GBP/USD daily chart GBP/USD is trading in a bear trend below the 200-period simple moving average (SMA). GBP/USD 4-hour chart GBP/USD is tra

 

AUD/USD Bulls take back control to the 0.70 handle

AUD/USD 0.6715 was the overnight low on the Apple news, (a metaphor for current market anxieties), which sparked widespread panic and deep concerns ov

 

USD/CAD drops to fresh 2-week lows below 1.35

The USD/CAD pair extended the slide that started in the early NA session and fell below the 1.35 mark for the first time since December 20. As of writ

 

EUR/USD Technical Analysis: Euro challenges the 1.1400 figure on USD weakness

EUR/USD daily chart EUR/USD is trading in a bear trend below the 200-period simple moving average (SMA). EUR/USD is challenging the 1.1400 figure

 

USD/JPY falls to mid-107s as DXY slumps on disappointing ISM PMI data

After recovering above the 108 handle in the early NA session, the USD/JPY pair lost its traction, once again, and dropped to the 107.50 area as the g

 

EUR/USD hits fresh tops above 1.1400 on poor US ISM

The better tone in the shared currency remains well and sound in the European evening and is now pushing EUR/USD to print fresh tops in the 1.1400 nei

 

Trump says the Treasury is taking in ‘MANY billions of dollars’ from the tariffs on China. The only problem is that US companies are paying the price.

President Donald Trump praised the billions of dollars in tariff revenue from the China trade war, but omitted that American businesses are paying the costs.

 

FX Price Action Setups in USD/JPY, GBP/JPY and USD/CAD

article accompanying this webinar (includes charts) https://www.dailyfx.com/forex/video/live_events/2019/01/03/fx-price-action-chart-setups-usdjpy-gbpjpy-usd…

 

EUR/USD and GBP/USD Forecast January 4, 2018

The Euro rallied a bit during the trading session on Thursday, taking back some of the losses from Wednesday. The market has shown a nice bit of resiliency, …

 

USD/JPY and AUD/USD Forecast January 4, 2018

The US dollar has been very noisy against the Japanese yen during the trading session on both Wednesday and Thursday, and we are now hanging about just below…

 

USD/MXN Forecast January 4, 2018

The US dollar has fallen slightly against the Mexican peso during the trading session on Thursday, as we continue to hover just above the 19.50 pesos level. …

 

USD/CHF Technical Analysis: Greenback bulls can boost the market to 0.9940 target

USD/CHF daily chart USD/CHF is trading in a sideways trend above the 100 and 200-period simple moving average (SMAs). USD/CHF 4-hour chart U

 




Canadian Dollar Gains with Crude Oil Prices, Japanese Yen May Rise

Japanese Yen trimmed gains following the FX flash crash on Apple revenue cuts. Canadian Dollar gained with crude oil prices. Will Caixin PMIs trigger more

 

GBP/USD flattened out just beneath 1.2650 as Brexit vote looms, US NFP in the barrel

GBP/USD is trading just shy of 1.2650, trading flatly with little signs of upside momentum despite a steady climb from the bounce following Thursday’s

 

EUR/USD stuck at 1.1400 ahead of EU PPI, US NFP double-header Friday

EUR/USD continues to test into the 1.1400 major technical level, continuing a bounce from the low end of a sideways channel, and the major pairing hea

 

USD/JPY Technical Analysis: Seeing fresh bidding, climbing over key Fibo level

USD/JPY, 5-Minute Despite Friday’s continued recovery from Thursday’s risk-off plunge, the Dollar-Yen pairing remains firmly bearish in the near-

 

USD/JPY: Heavy selling wave has largely passed – TDS

Mazen Issa, senior FX strategist at TD Securities, suggests that at the moment, they think the wave of heavy selling in the USD/JPY pair has largely p

 

USD/CAD holding on the downside of 1.3500 as crude bolsters CAD

USD/CAD is ticking into 1.3480 after the US Dollar took a hit on Thursday from disappointing US ISM Manufacturing data, sending the Greenback lower ag

 

USD/JPY remains under pressure ahead of crucial nonfarm payrolls

Bulls took back the baton all the way up to the 108 handle, but it was a rough ride with speed bumps along the way within a wide choppy range. US stoc

 

AUD/USD recovery stalls out at 0.7000, a return to the downside on the cards

The AUD/USD pair managed to recover the 0.7000 major handle through Thursday’s trading, lifting from the early session’s plummet to 0.6770, but the Au

 

US Dollar Index clings to gains near 96.30 ahead of NFP, Powell

The greenback, in terms of the US Dollar Index (DXY), is recovering part of he ground lost on Thursday and trades within a narrow range near 96.30 ahe

 

EUR/USD Technical Analysis: January set to continue rough sideways slide

EUR/USD, 15-Minute December’s trading sees the Fiber grinding sideways in choppy market action, but 1.1400 remains a key sticking point for EUR/U

 

GBP/USD Technical Analysis: No end in sight for December’s consolidation range

GBP/USD, 15-Minute December has been hall-marked by consolidation for the Cable, broken up by frequent whipsaws that tend to go nowhere over time

 

EURUSD Price Analysis: Risks Skewed to the Downside for Eurozone Inflation

EURUSD Price Analysis: Risks Skewed to the Downside for Eurozone Inflation

 




When is the US monthly jobs report (NFP) and how could it affect EUR/USD?

US monthly jobs report overview Friday’s US economic docket highlights the release of keenly watched US monthly jobs report, popularly known as NFP.

 

EUR/USD challenges 1.1400 on EMU CPI, now looks to US NFP, Powell

The upside momentum in EUR/USD has eased a tad following the release of flash CPI figures in the euro area, prompting spot to recede to the 1.1400 nei

 

Euro-zone inflation 1.6% YoY vs. 1.8% expected – EUR/USD ticks down

The preliminary read for the euro-zone Consumer Price Index for December came out at 1.6% YoY in December, down from 1.9% in the final version for Nov

 

GBP/USD climbs to 2-day tops around 1.2670 post-PMI

The upbeat sentiment around the Sterling remains well and sound for another session at the end of the week and is now lifting GBP/USD to fresh 2-day p

 

Have a nice trading!




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