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USD Daily Review July 29, 2019

USD Daily Review for July 29, 2019

Euro Zone Economy Struggles With EuroDollar Sliding To A Two-Year Low

The Eurozone economy is presenting the ECB with several headaches. Just what can Mario Draghi do? The Euro will decline against the U.S. Dollar where the economy is far better condition.


Weekly Trading Forecast: Dollar and Dow Dialed in to Fed, NFPs and Trade Wars

After a week of dovish ECB, a US GDP beat and unexpected headlines from President Trump; we now move into a second week of heavy scheduled and unscheduled event risk. The FOMC rate decision is an event that will stretch to all corners of the financial system and the focus


AUDUSD Weekly Outlook: Aussie Bulls Look for Signs- Price Dips to .69

Aussie is poised to mark the largest weekly decline since April after reversing sharply off key resistance. Here are the levels that matter on the AUD/USD weekly chart.


US Dollar Seems to be Biased Upward on FOMC Rate Decision

The US Dollar seems more likely to rise than fall after the FOMC monetary policy announcement even as an interest rate cut is overwhelmingly expected.


Euro Weekly Technical Outlook: EURUSD Downward Momentum Stalls at Support

The Euro traded into support prior to the ECB on Thursday, following there was some volatility price action that resulted in a Long-legged Doji candlestick.


Dollar Versus Gold Trends as Trump Warns on Trade War, FOMC Decision Approaches

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


FX Week Ahead Top 5 Events: July US Jobs Report & EUR/USD Rate Forecast

July NFP data out of the US will close off a jam-packed week of economic event risk threatening spot EURUSD. What might forex traders expect?


Gold Price Outlook Bearish as XAU/USD Nervously Eyes Chart Support

The selloff in gold prices may accelerate in the week ahead against the backdrop of multiple bearish technical XAU/USD warning signs as traders increase net long exposure.


FX Week Ahead Top 5 Events: August BOE Meeting & GBP/USD Rate Forecast

Spot GBPUSD trades near multi-year lows and remains firmly in the grasp of no-deal Brexit risk. Meanwhile, next week’s BOE rate review could potentially shed light on further Pound Sterling weakness.


FX Week Ahead – Top 5 Events: US-China Trade War Talks, July China Manufacturing PMI & USD/CNH Rate Forecast

Spot USD/CNH is in the spotlight next week with the resumption of US China trade talks in addition to the latest China Manufacturing PMI data out of China.


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

It was a big week for the US Dollar and next week looks for that to continue. The FOMC is expected to cut rates for the first time in a decade. But – what else might they say?


USDZAR: South Africa Credit Rating Cut by Fitch, Rand Drops

The South African Rand is weakening further after Fitch Ratings cut South Africa’s credit rating to junk status with negative outlook.


UK’s Gove says no deal is now a very real prospect – bearish gap in GBP/USD?

Conservative politician and the Cabinet Office Minister, who was tasked with overseeing no-deal Brexit planning by British Prime Minister Boris Johnso


Trump: I didn’t say I’m not going to do something on dollar

President Trump has crossed the wires recently and he has made a number of comments across various political topics, including saying, “I didn’t say I


USD/JPY technical analysis: Greenback approaching monthly highs against the Japanese Yen


US Dollar Index technical analysis: DXY bulls en route towards the 2019 high

DXY bulls broke above 97.80 resistance opening to door to 98.38, the 2019 high. Immediate support is seen at the 97.80 and 97.50 levels. Additional k


USD/JPY steadies above 108.50, adds 100 pips for the week

The USD/JPY pair showed some wild swings during the early trading hours of the American session but didn’t make a consistent-enough move in either dir


USD/ARS will be at 48 by December – BBVA

Analysts at BBVA Research expect Argentinean GDP to fall 1.2% in 2019, and see it growing quarterly form 2Q-19 due to the recovery of agricultural cam


GBP/USD technical analysis: Cable hits a new 2019 low at 1.2376 as the week comes to an end

GBP/USD daily chart Cable hit a new 2019 low while trading below the main daily simple moving averages (DSMAs). Earlier in the New York session, the


EUR/USD technical analysis: Euro remains vulnerable at multi-month lows, bears eyeing beyond 2019 low


USD/CAD finds resistance near 1.3200, looks to close second straight week higher

The USD/CAD pair extended its weekly rally and tested the 1.32 handle for the first time since late June. However, with the trading action turning sub


AUD/USD technical analysis: Aussie challenging July lows near 0.6909 support


GBP/USD drops to lowest since April 2017 under 1.2400

The GBP/USD pair broke below 1.2400 and fell to 1.2375, the lowest intraday level since April 2017. The pair remains near the lows, under pressure. Af


US Pres. Trump discussed ideas to weaken dollar in Cabinet-level meeting – CNBC

According to CNBC’s Washington correspondent, Kayla Tausche, US President Donald Trump discussed ideas to weaken the dollar during a meeting on Thursd


British pound, euro hit lowest against U.S. dollar in more than 2 years

The Britsh pound and euro midday Friday in New York touched their lowest points against the U.S. dollar in more than two years, according to Dow Jones Market…


EUR/USD and GBP/USD Forecast July 29, 2019

For additional up-to-date Forex Trading information: News (, Technical Analysis (…


USD/JPY and AUD/USD Forecast July 29, 2019

For additional up-to-date Forex Trading information: News (, Technical Analysis (…


USD/ZAR Forecast July 29, 2019

For additional up-to-date Forex Trading information: News (, Technical Analysis (…


US Dollar May Rise Versus ASEAN FX. Fed, US-China Trade Talks Next

The USD looks to the first Fed rate cut since 2008 and US-China trade talks for its next steps versus its ASEAN FX peers. USD/IDR may look past CPI data for more prominent data.


Post-ECB EURUSD Rate Outlook Hinges on FOMC Forward Guidance

The Federal Reserve interest rate decision may fuel a more meaningful rebound in EURUSD as the central bank is widely expected to alter the path for monetary policy.


NZDUSD Technical Analysis: Six-Week Uptrend Under Fire

The New Zealand Dollar has retreated from 13-month trend resistance to challenge the bounds of a six-week upswing against its US counterpart.


USD Uptrend Extends on GDP as GBP Suffers on Latest Brexit Woes

The US Dollar uptrend may extend after resistance was taken out on US GDP, Alphabet and Twitter earnings propelled the S&P 500 higher. GBP/USD is vulnerable to the latest Brexit woes.


GBP/USD: Bears dominate amid Brexit/political pessimism

GBP/USD recovers from April 2017 bottom as it trades near 1.2370 ahead of the London open on Monday.


USD/CNH surges to 3-week high amid Hong Kong protests, trade woes

Breaking its two-week-old trading range, the USD/CNH pair rallies to the highest since July 08 as it makes the rounds to 6.8945 during early Monday.


USD/JPY technical analysis: 108.30/25 is the level to beat for sellers

Following its recent decline on the back of overbought RSI levels, the USD/JPY pair trades near 108.50 during early Monday.


EUR/USD technical analysis: 23.6% Fibo., multi-day long trend-line cap immediate upside

Despite recovering gradually during the late last week, the EUR/USD pair is still below key near-term resistances as it takes the rounds to 1.1138 on Monday.


USD/CAD: Pulls back from 50-day EMA despite weak WTI

Having failed to cross 50-day EMA, USD/CAD pulls back to 1.3160 during early Monday.


USD/JPY pulling back from daily doji and ahead of trade-talk noise and the Fed

USD/JPY has started out on the backfoot in Tokyo today, testing the 50-day moving average and falling just shy of the 109 handle and stop territory. T


Forex today: Traders concentrated on the U.S. GDP beat ahead of the Fed, (Dollar climbed 0.2%)

Markets on Friday concentrated on the U.S. Gross Domestic Product, (GDP), which beat expectations and supported the Greenback higher – Consequently, t


AUD/USD: Contained on 0.69 handle in bear’s market ahead of key event risks this week

AUD/USD is currently trading at 0.6910, contained in a tight range at the start of the week. There is very little to go on initially, but its a big we


AUDUSD Carves Lower Highs and Lows After Being Capped by 200-Day SMA

AUDUSD carves a series of lower highs and lows ahead of the Federal Reserve meeting, with the broader outlook mired by the failed attempt to test the 200-Day SMA.


USD/JPY reverses early dip, holds steady above mid-108.00s

The USD/JPY pair reversed an early Asian session dip and is currently placed at the top end of its daily trading range, around the 108.65 region. The


EUR/USD alternates gains with losses near 1.1120

The shared currency remains under the microscope at the beginning of the week, while EUR/USD is so far navigating the 1.1120 region amidst the continu


EUR/USD: Sell the rallies to 1.1190 – TDS

The TD Securities (TDS) Analysts offer their outlook on the EUR/USD pair, given the record low long-term inflation expectations, as highlighted by the


US Dollar Index firm around 98.00, focus remains on Fed, data

The greenback, in terms of the US Dollar Index (DXY), has managed to regain the 98.00 neighbourhood and is now navigating the area of fresh 2-month to


EUR/JPY, USD/JPY Price Outlook: Important Levels and Zones

Levels and zones may be crucial for USDJPY and EURJPY


CAD Bulls Boosted, GBPUSD Bears at Extreme Levels – COT Report

CAD Bulls Boosted, GBPUSD Bears at Extreme Levels – COT Report


GBPUSD Crumbles as The US Dollar Continues its Pre-FOMC Run

GBPUSD now back at lows last seen over 27 months ago driven by a combination of Brexit fears and a rampant US dollar.


GBP/USD hammered down to 1.2300 neighborhood, lowest since March 2017

The GBP/USD pair remained heavily offered through the mid-European session on Monday, with bears now eyeing a move towards challenging the 1.2300 hand


USD/JPY erases early gains, turns flat near 108.70

The USD/JPY pair started the week under modest selling pressure and erased a small portion of last week’s gains as a technical correction before findi


USD/CAD inches back closer to 1-month tops set on Friday

The USD/CAD pair traded with a mild positive bias on the first day of a new week and remained well within the striking distance of one-month tops set


NZD/USD technical analysis: Slides below 1-month old ascending trend-line support, remains vulnerable

A subsequent slide below a support marked by over one-month-old ascending trend-line confirms a fresh near-term bearish breakdown and sets the stage f


EUR/USD Technical Analysis: Rangebound trade expected ahead of FOMC

EUR/USD Overview Today last price 1.112 Today Daily Change 21 Today Daily Change % -0.06 Today daily open 1.1127 Trends Daily SMA20 1.1226 Daily SMA5


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