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USD Daily Review January 7, 2019

USD Daily Review for January 7, 2019

New Zealand Dollar Weekly Technical Forecast: NZDUSD to Continue Slide, NZDCAD Faces 2016 Resistance

The New Zealand Dollar looks likely to continue a slow decline versus the US and Canadian Dollars as nearby resistance threatens to overpower bulls.


GBPUSD Technical Outlook: 20-Month Spike Low May Be Re-Tested

GBPUSD hit a 20-month low around 1.2435 mid-week and with the 20- and 50-day moving averages bearing down on price action, another re-test of this


Dollar, Oil, Loonie, S&P 500 – Reversal Candidates

Reversals are a favorite development for most traders but meaningful examples are also infrequent occurrences


An Attempted S&P 500 Reversal, Dollar Pressure and Volatility for the New Year

Between strong NFPs and soothing rhetoric from the current and previous Fed Chairs, risk trends helped push SPX above 2,520


EUR/USD Weekly Technical Forecast: Euro Choppiness to End Soon

The Euro has been congested for weeks, but that is set to change soon; breakout seen as likely down in-line with trend but will wait


AUD/USD, AUD/CAD & EUR/AUD Prices Eye Technical Reversal Patterns

After weakening in its final moments of 2018, the Australian Dollar may be getting ready to reverse course. AUD/USD may rise while EUR/AUD and AUD/CAD


USD Eyes Powell After Fed Hawk Suggests Rate Hike Pause, China Cuts RRR – US Market Open

USD Eyes Powell After Fed Hawk Suggests Rate Hike Pause, China Cuts RRR – US Market Open


US Dollar Rallies after All-Around Strong December US Jobs Report

A beat on the headline Nonfarm Payrolls figure alongside faster wage growth has helped stabilize the greenback.


Higher risk EM currencies are likely to remain vulnerable vs. USD – Rabobank

“The strength of the December US payrolls report will bring a reprieve to investors who are fearful about a loss of US growth momentum,” argue Raboban


USD/MXN breaks below 19.50 to lowest since October

The USD/MXN reversed sharply on Friday amid a decline of the US dollar against commodity and emerging market currencies. The pair approached 19.70 fol


GBP/USD Technical Analysis: Cable bulls erase NFP losses and regain the 1.2700 figure

GBP/USD daily chart GBP/USD is trading in a bear trend below the 200-period simple moving average (SMA). Bulls are trying to reclaim the 1.2700 fi


AUD/USD jumps to 0.71 as greenback erases NFP-led gains after Powell comments

After turning negative on the day near 0.7020 following the strong employment data from the United States, the AUD/USD pair rose sharply in the last h


USD/JPY and AUD/USD Forecast January 7, 2018

The US dollar initially fell on Friday but got a bit of a boost from a strong jobs figure, and a huge move in the stock market after Jerome Powell suggested …


EUR/USD and GBP/USD Forecast January 7, 2019

The Euro initially fell during the day on Friday but then got a bit of a boost as the jobs number was turned around by Jerome Powell, who suggested that perh…


AUD/USD: Bulls back in the driving seat above the 23.6% Fibo of 2018’s decline

AUD/USD benefitted on Friday on the back of sentiment that Sino/US trade relations are back on track, accompanied by improved services PMIs in China w


NZD/USD: Bulls take back charge, eyeing a run to the 38.2% Fibo

NZD/USD has been in a correction since reaching a low of 0.6652 at the start of this year to what proceeded a volatile end to 2018 across the financia


Forex today: Improved risk sentiment sends high-beta on the march, stocks up and dollar mixed

There was an additional feed of headlines with Fed Chairman Powell speaking briefly on the economy at the AEA event. Powell effectively rate policy on


GBP/USD bullish from 1.1400 as parliamentary Brexit vote looms

GBP/USD is trading into 1.1425 heading into the London market session for Monday, and although broader market sentiment is improving and dragging the


EUR/USD: trapped in a 300-pip range

The EUR/USD pair is currently trading at 1.1428 – still trapped in a 1.15-1.12 range, which has been in place since mid-November. The pair picked up


USD/CNH: value of put options hits highest since May 2017

The USD/CNH one-month 25 delta reversals (CNH1MRR) are currently trading at -0.40 in favor of put options – the lowest level since June 1, 2017. The


AUD/USD hits 2.5-week highs

The AUD/USD pair jumped to 0.7133 in Asia – the highest level since Dec. 20. The Aussie dollar is likely benefitting from the risk-on action in the s


NZD/USD Technical Analysis: 200-hour MA is key resistance

The NZD/USD pair’s recovery rally from the Jan. 2 low of 0.6586 stalled at the 200-hour moving average (HMA) on Friday. As a result, a convincing move


Gold: bid early on USD weakness

Gold is currently reporting a 0.30 percent gain at $1,287, having bounced off the 200-HMA on Friday. The yellow metal is likely benefitting from the


EUR/USD holding above 1.1400, set for a break higher for Monday

EUR/USD is ticking around on the north end of 1.1400 through Monday’s early trading session as risk appetite finds a bid to kick off the new trading w


USD/CNH Technical Analysis: Break below 100-day EMA would bolster the bearish setup

The USD/CNH pair could suffer deeper losses if the immediate support at 6.8857 is breached, technical charts indicate. Daily chart As seen above


EUR/USD Technical Analysis: Upper bound of consolidation awaits near 1.1475

EUR/USD, 15-Minute Hourly candles show the Fiber’s sideways spiral as the major pairing continues to struggle to separate itself from the 1.1400


EUR/USD firmer, surpasses 1.1400 on trade optimism

The upside momentum around the single currency remains well and sound at the beginning of the week and is now lifting EUR/USD to the area of daily top


GBP/USD: End of the down move? – Commerzbank

Karen Jones, analyst at Commerzbank, suggests that after the GBP/USD sold off last week, it is probable that the slide to 1.2444 represented the end o


GBP/USD Technical Analysis: Looking for a fresh break into 1.2800

GBP/USD, 15-Minute Near-term action on the Cable shows the pair maintaining a skewed stance towards the middle, with rough breaks to either side


EUR/USD remains well supported – Commerzbank

According to Karen Jones, analyst at Commerzbank, EUR/USD remains within its range after last week it saw an emphatic rejection from the 1.1500 resist


CFTC report: USD net longs kept retreating

These are the main highlights of the latest CFTC report for the week ended on December 18: Speculators kept trimming their USD longs positions, whi


USD/JPY finds support near 108.00 ahead of US data, eyes on trade

The softer tone in the greenback coupled with declining US yields forced USD/JPY to drop to lows near 108.00 the figure in early trade, where it appea


EUR/USD approaches 1.1450, fresh session peaks

EUR/USD keeps its march north unabated at the beginning of the week and is now flirting with fresh daily highs in the mid-1.1400s. EUR/USD bolstered


USD/INR: Rupee to trade in 69-73 – ET Survey

According to an exclusive ET survey of market experts, the Indian National Rupee (INR) is likely to trade in the 69-73 range against its American coun


Have a nice trading!

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