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USD Daily Review July 26, 2019

USD Daily Review for July 26, 2019

US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD and AUD/USD

It’s been a busy day across the FX space and next week looks to continue the volatility as the Federal Reserve prepares for their first rate cut in a decade.

 

USD/MXN Rate Outlook Hints at Higher Spot Prices

Spot USDMXN looks set to resume its bullish ascent as fundamental themes appear likely to tilt back in favor of the US Dollar and combines with an attractive technical backdrop.

 

EUR/USD Reverses on Draghi, Turkish Lira Rises Despite Record Rate Cut – US Market Open

EUR/USD Reverses on Draghi, Turkish Lira Rises Despite Record Rate Cut – US Market Open

 

EURUSD Drops as ECB Paves Way for Rate Cut and QE Restart

EURUSD dips as ECB changes forward guidance to allow for a rate cut in September.

 

US Dollar Index technical analysis: DXY battling with the 97.80 resistance at July tops

 

EUR/USD: Sticking to a bearish bias – MUFG

Lee Hardman, currency analyst at MUFG Bank, expect the EUR/USD pair to trade in a range between 1.1050 and 1.1350 next week. They hold a bearish bias

 

USD/CHF at 2-week highs above 0.9900, Swiss Franc hit by ECB

The USD/CHF pair continued to rise during the American session and peaked at 0.9917, the highest level since July 10. Near the end of the day, it is h

 

NZD/USD: Bears in control below key support area, eye bottom of rising channel

NZD/USD has been under pressure within the rising channel, sliding from a high of 0.6707 to a low of 0.6654, down -0.66% on the session, so far. Risks

 

USD/JPY: The 109.00 level could come into view – MUFG

Takahiro Sekido, currency analyst at MUFG Bank, points out they have a neutral bias for next week regarding the USD/UPY pair and see it trading in the

 

EUR/USD technical analsysi: Fiber in search for direction after ECB rollercoaster, trading above 1.1130

EUR/USD is trading in a bear trend below its main daily simple moving averages (DSMAs). Earlier in the day, the market hit a new 2019 low as the Europ

 

GBP/USD losing 0.25% caught in a chop, weighed by solid US data

GBP/USD has taken a trip to the downside in New York, falling from a high of 1.2617 to a low of 1.2439 on strong U.S. data and hard Brexit fears. Upbe

 




USD/JPY climbs to 15-day highs near 108.70

Boosted by the rising US Treasury bond yields, the USD/JPY pair extended its daily rally and touched its highest level in two weeks at 108.71. As of w

 

USD/CAD technical analysis: Greenback advancing to daily highs, testing 1.3158 resistance

 

EUR/USD steadies above 1.1150 as ECB-inspired volatility softens

With the initial reaction to the European Central Bank’s policy statement, The EUR/USD pair lost its traction during the European trading hours and sl

 

USD/JPY technical analysis: Greenback on the rise against Yen, above 108.41 support

 

AUD/USD rebounds modestly from multi-week lows, trades above 0.6950

After closing the previous four trading days in the negative territory, the ASUD/USD pair extended its slide during the Asian trading hours and touche

 

GBP/USD once again fails to find acceptance above 1.2500 handle

Having touched an intraday high level of 1.2518, the GBP/USD pair met with some fresh supply and is currently placed near the lower end of its daily t

 

US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD and AUD/USD

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USD/MXN Forecast July 26, 2019

For additional up-to-date Forex Trading information: News (https://www.dailyforex.com/forex-news/page-1), Technical Analysis (https://www.dailyforex.com/fore…

 

EUR/USD and GBP/USD Forecast July 26, 2019

For additional up-to-date Forex Trading information: News (https://www.dailyforex.com/forex-news/page-1), Technical Analysis (https://www.dailyforex.com/fore…

 

USD/JPY and AUD/USD Forecast July 26, 2019

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US Dollar Rally Gains Life as Fed Rate Cut Odds Drop – Central Bank Weekly

Better than expected US economic data momentum coupled with comments by Fed policymakers prior to the July Fed meeting have provoked a turnaround in rate cut odds.

 

GBP/USD technical analysis: Cable rolling into the Asian session, sub-1.2480 resistance

 




USD/SGD Uptrend in Focus, USD/INR Outlook Hinges on 2018 Resistance

The Singapore Dollar may weaken as the USD/SGD uptrend continues, with similar selling pressure perhaps weighing against the Indian Rupee where USD/INR faces 2018 falling resistance.

 

GBPUSD May Be the Best Major to Highlight a Weak US GDP

The Dollar has considerable potential for volatility resulting from the 2Q US GDP release. However, a bullish build up on the theme, weekend liquidity, FOMC anticipation and counter-trend winds necessitate strategy.

 

EURUSD Round Two Moving Past ECB Onto US GDP

EURUSD offered both clear sign of volatility and lack of conviction following the ECB rate decision to hold its policy mix steady

 

Why the Euro, Dollar Rally After the ECB? Leaving EURUSD at Support

The Euro gained after the ECB as Mario Draghi disappointed dovish expectations, rising bond yields spread into North America as the US Dollar rallied, leaving EUR/USD at key support.

 

US Dollar Turns to GDP Data & Fed Rate Cut Bets

With US GDP data on deck for Friday’s trading session, forex market participants will likely scrutinize the report for insight into the Fed’s upcoming policy decision and its impact on the US Dollar.

 

EUR/USD: Seller exhaustion ahead of US GDP

The EUR/USD market is showing signs of seller exhaustion ahead of the all-important US second-quarter economic growth figures. The currency pair chart

 

GBP/USD: Bears back in charge amid renewed Brexit jitters, ahead of US GDP

Following a volatile Thursday, GBP/USD sees a calm session so far this Friday, with the bias leaning to the downside amid increased odds of a no-deal

 

USD/CAD technical analysis: Looks north with channel breakout

USD/CAD closed at1.3165 on Thursday, confirming a falling channel breakout on the daily chart. The breakout is backed by an above 50-reading on the 14

 

AUD/USD hits two-week lows as Australian bond yields slide

The Australian Dollar is feeling the pull of gravity at press time likely due to record lows in Australian government bond yields. AUD/USD is currentl

 

USD/IDR technical analysis: Rejected at 21-day MA, stuck in falling channel

USD/IDR is currently trading largely unchanged on the day near 14,000, having hit a high of 14,056 earlier today. The pullback marked a failure to kee

 

USD/JPY: Price consolidates close to New york highs in Asia ahead of US GDP

USD/JPY shot up from 108.04 to a high of 108.75 and is consolidated around the highs in Tokyo’s opening hour. The U.S. dollar picked up a bid and the

 

Forex today: ECB sends a clear dovish message and Dollar takes up higher grounds

Forex today was driven by concerns over a pending turndown in global growth as the ECB announced that fresh stimulus is on the way, sinking the euro t

 




AUD/USD drops below 50% Fib retracement, awaits key events

Overnight, AUD/USD pierced the 0.6950 mark in a 50% Fibo retracement of the mid-June highs and lows. Risk appetite remains contained while AUD weaknes

 

NZD/USD bears take a breather at a critical support area

In what is now expected to be a quiet session and close in Asia as traders await U.S. GDP in the U.S. session, NZD/USD has been consolidating in its s

 

EURUSD Oscillates After ECB, Gears up for US GDP Data Ahead

EURUSD violently oscillated before settling unchanged after the ECB rate decision and commentary. The pair is now bracing for the release of US GDP data.

 

GBPUSD Rate Vulnerable to Dovish BoE Forward Guidance

Fresh updates from the Bank of England (BoE) may produce headwinds for the British Pound if the central bank alters the forward guidance for monetary policy.

 

USD/JPY consolidates overnight gains to over 2-week tops, above mid-108.00s

The USD/JPY pair was seen oscillating in a narrow trading band above mid-108.00s and consolidated the overnight goodish move to over two-week tops. Ha

 

Forex Today: All eyes on US GDP after the ECB sends EUR/USD for a wild ride

Here is what you need to know on Friday, July 26th, European session: – Currencies are stable ahead of the all-important first release of US GDP growt

 

US Dollar Index stays close to weekly tops around 97.80

The greenback, measured by the US Dollar Index (DXY), is alternating gains with losses around 97.80 at the end of the week. US Dollar Index trades fla

 

Most Volatile Currencies Next Week – US Dollar, GBP/USD, AUD/USD

Most Volatile Currencies Next Week – US Dollar, GBP/USD, AUD/USD

 

Sterling Outlook: GBPUSD Breaks Down, Boris Johnson Bounce Fades

GBPUSD nears its lowest level of the week, and looks at a technical breakout, as the Boris Johnson mid-week mini-bounce fades in the face of a seemingly unmovable EU.

 

When is the US GDP report and how could it affect EUR/USD?

Friday’s US economic docket highlights the release of advance (first estimate) of the US Q2 GDP growth figures, scheduled to be published at 12:30 GMT

 

USD/TRY testing multi-day lows near 5.6500

The Turkish Lira continues to appreciate vs. the greenback in the second half of the week and is now dragging USD/TRY to fresh 4-day lows in the 5.65

 

USD/CAD climbs to monthly highs, inches closer to 1.32 mark

After closing every day of this week in the positive territory, the USD/CAD pair extended its rally on Friday and reached its highest level in a month

 




NZD/USD slides below mid-0.6600s, over 2-week lows ahead of US GDP

The NZD/USD pair maintained its offered tone through the mid-European session and slipped to over two-week lows, below mid-0.6600s in the last hour. T

 

GBP/USD off lows, still below 1.2450 ahead of US GDP

Fresh bids emerged once again near the 1.2425 region last hour, allowing a tepid bounce in GBP/USD back towards the midpoint of the 1.24 handle. But t

 

AUD/USD technical analysis: Bears remain in control, challenge 61.8% Fibo. support ahead of US GDP

The mentioned support breakpoint comprises of 50-day SMA and 50% Fibo. level of the 0.6831-0.7082 recent up-move and should now act as a key barrier/p

 

USD/CHF rises further beyond 0.9900 handle, over 2-week tops

The greenback remained well bid across the board and lifted the USD/CHF pair to over two-week tops, around the 0.9920 region in the last hour. The pai

 

EUR/USD Technical Analysis: Looks neutral near term. A drop below 1.1100 cannot be ruled out

EUR/USD Overview Today last price 1.1135 Today Daily Change 19 Today Daily Change % -0.11 Today daily open 1.1147 Trends Daily SMA20 1.1239 Daily SMA

 

US Dollar Index Technical Analysis: The greenback resumes the upside and targets 98.00 and above

Dollar Index Spot Overview Today last price 97.88 Today Daily Change 15 Today Daily Change % 0.09 Today daily open 97.79 Trends Daily SMA20 97.12 Dai

 

USD/CAD technical analysis: Hits 1-month high, bulls eyeing a move beyond 1.3200 handle

The mentioned resistance breakpoint coincided with 23.6% Fibonacci retracement level of the 1.3566-1.3016 downfall and should now act as a key pivotal

 

Have a nice trading!




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