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USD Daily Review June 11, 2019

USD Daily Review for June 11, 2019

How Elizabeth Warren’s Weak-Dollar Plan Will Crash The Stock Market

A falling greenback tends to coincide with dismal stock performance.


Canadian Dollar Price Outlook: Loonie Breakout Tests USD/CAD Support

Loonie has rallied more than 2.2% against the US Dollar with price now testing initial support targets. Here are the levels that matter on the USD/CAD price charts.


Gold Price Pullback the Start of a Healthy Correction as US Dollar Rebounds

Given recent technical observations about the state of the gold price rally, the turn in sentiment around US-led trade wars is quite a coincidence.


US Dollar Price Outlook: USD Bounces from Key Confluent Support

The US Dollar is coming off of a brutal week, but buyers have shown up to provide support around a key level on the chart. Can they maintain control?


USD Bounces Off 200DMA, MXN Rallies as Trump Suspends Tariffs – US Market Open

USD Bounces Off 200DMA, MXN Rallies as Trump Suspends Tariffs – US Market Open


Weekly Technical Forecast: Dow and Gold Build Pressure to Clear Important Highs as EURUSD Reverses

There is as much potential built into the upcoming week than there was progress earned over this previous period. The Dow and S&P 500 extended a drive that finally drew in more risk assets and has bulls looking for fresh records. At the same time, gold is aiming for a


GBP/USD: Weaker economy and risk of a Brexit hardliner PM to keep the pound on the back foot – Rabobank

Analysts at Rabobank continue to see the Pound as vulnerable in the current environment both from economic weakness and also from the risk that the UK


USD/CHF: Risk sentiment to continue to be key driver in CHF – CitiBank

Analysts at Citibank, point out that if US-China trade tensions show sign of resolve and market risk recedes, funds may flow out of safe-haven CHF. Ke


GBP/USD technical analysis: Cable paring some intraday losses near 1.2700 figure

GBP/USD daily chart GBP/USD is consolidating the bear run seen in May. The recovery is for now capped at the 1.2750 resistance. GBP/USD 4-hour chart C


USD/JPY moves away from 1-week highs, drops to 108.30

The USD/JPY pair dropped further during the American session as equity prices trimmed gains in Wall Street. It dropped to 108.30, reaching the lowest


US Dollar Index technical analysis: DXY stabilizing near 96.74 and 200 DSMA

DXY daily chart The US Dollar Index (DXY) is trading in a bull trend above 96.40 support and the 200-day simple moving averages (DSMA). DXY 4-hour cha


NZD/USD bears back in play as dollar firms, eyes to 20-D EMA

NZD/USD’s downside has paused in late New York while the greenback’s advance is capped following a recovery from the 200-D EMA in the DXY. Indeed, whi


USD/CAD steadies above 1.3250 after rebounding from multi-month lows

The USD/CAD pair started the new week under pressure as the stronger risk appetite in the early trading hours of the Asian session allowed the barrel


EUR/USD: Good arguments to rise to 1.17 in 12 months – Danske Bank

According to analysts from Danske Bank the combinations of the divergence between the Federal Reserve and the European Central Bank and a fundamentall


USD/MXN suffers worst decline since July, Mexican peso consolidates gains

The USD/MXN is having the biggest daily loss since last July amid a rally of the Mexican peso after US President Trump suspended indefinitely tariffs


EUR/USD technical analysis: Recent bull run currently capped at 1.1320 resistance

EUR/USD daily chart EUR/USD is trading in a bear trend below its 200 simple moving averages (SMAs). EUR/USD 4-hour chart The market is testing 1.1320


EUR/USD rebounds from 1.1290 but the upside remains limited under 1.1325

The EUR/USD pair dropped to test the daily low at 1.1289 and rebounded toward 1.1320. It continues to move sideways, slightly below the level it close


USD/CHF technical analysis: Greenback sidelined near 0.9900 against the Swiss franc

USD/CHF daily chart USD/CHF remains under pressure below parity and its 200-daily simple moving averages (DSMAs). USD/CHF 4-hour chart USD/CHF is weak


AUD/USD continues to trade in lower half of daily range near 0.6970

The AUD/USD pair struggled to build on last week’s gains and turned south on Monday as the broad-based USD strength put it under renewed bearish press


USD: Topped out? – Rabobank

Rabobank analysts point out that since the start of the month the DXY dollar index has dropped around 1% triggering speculation that the move is over.


GBP/USD technical analysis: Bounces off low, upside likely to remain capped near 1.2700 handle

The pair, however, showed some resilience below the 50% Fibonacci retracement level and recovered a bit. The uptick quickly ran out of the steam near


USD/JPY technical analysis: 108.70 become the level to beat for bulls

USD/JPY daily chart USD/JPY is in a bear leg below the main daily simple moving averages (DSMAs). USD/JPY 4-hour chart USD/JPY is consolidating the lo


Weekly Trade Levels for US Dollar, Euro, Aussie, Loonie, Gold & Oil…


EUR/USD and GBP/USD Forecast June 11, 2019

The Euro went back and forth during the trading session on Monday as we are trying to get a grasp on where we are going next. We are at the highs of the rece…


USD/JPY and AUD/USD Forecast June 11, 2019

The US dollar initially gapped higher against the Japanese yen on Monday, and then spiked a bit before pulling back. By doing so, we have formed a bit of a s…


USD/ZAR Forecast June 11, 2019

The US dollar gapped lower against the South African Rand to kick off the week on Monday, reaching towards the 14.75 level. We did of course show a lot of ba…


NZD/USD: Sellers catch a breath around 0.6600 ahead of second-tier data

Having witnessed the largest fall in nearly six-weeks, the NZD/USD pair recovers to 0.6600 ahead of first quarter manufacturing sales data during early Tuesday.


AUD/USD technical analysis: Aussie weakening to 4-day lows near 0.6960

AUD/USD daily chart AUD/USD is in a bear trend below its main daily simple moving averages (DSMAs). The market is trading at its lowest in 4 days. AUD


AUDUSD Rebound Fizzles as Trump Fires Warning Shots on China Tariff

AUDUSD struggles to hold its ground even though the NAB Business Confidence survey improves May as the Trump administration keeps the door open to boost tariffs on China.


USDNOK Wobbling at Critical Support. USDSEK Recovery Ahead?

USDNOK is coming dangerously close to breaking below 15-month rising support, leading to fears of a potential reversal of the dominant uptrend. After retreating, USDSEK may be starting to recover.


US Dollar Saved by Rising Support, GBP Plummets on Dismal UK Data

The US Dollar downtrend paused, saved by rising trend support, as Fed rate cut bets cooled on fading US-Mexico trade tensions. GBP sunk on largest contraction in manufacturing data since 2002.


USD/MXN technical analysis: 100/200 DMAs restrict immediate moves, RSI favors pullback

Following its gap down opening on Monday, which dragged the quote beneath 200-day SMA, the USD/MXN bounced off 100-day simple moving average (SMA).


GBP/USD: Sellers maintain the hold amid political uncertainty, all eyes on UK jobs data

Fears of hard Brexit and latest disappointment from British economics compress the GBP/USD pair to 1.2680 while waiting the UK employment data on early Tuesday.


USD/INR technical analysis: 69.57 is the level to beat for bulls today

USD/INR is currently trading at 69.46, representing a 0.10% drop on the day, having gained 0.28% and 0.26% on Friday and Monday, respectively. A close


EUR/USD: US-DE yield differential hits 18-month low, will EUR break above 200-day MA?

The narrowing US-German bond yield differentials indicate the path of least resistance for the EUR/USD pair is on the higher side. The spread between


NZD/USD risk reversals hit highest since April 2018

One-month risk reversals on NZD/USD rose to -0.60 on Monday, the highest level since April 2018, indicating the premium for put options is still high


USD/JPY technical analysis: Rises above 200-HMA, RSI favors further gains

Trend: Bullish Pivot points R3 109.08 R2 108.9 R1 108.67 PP 108.49 S1 108.27 S2 108.08 S3 107.86 Updated Jun 10, 00:00 GMT


USD/CNH technical analysis: Trapped in a pennant pattern

The USD/CNH pair is bein squeezed in a narrowing price range with a key indicator calling a downside break. The currency pair seems to have created a


EUR/USD technical analysis: Bulls look to test 200 DMA and 200 WMAs

EUR/USD is moving higher above the 2018-2019 downtrend following recent Fed dovish rhetoric and relatively poor US data. For those that trade pattern


USDCAD Bull Trend Unravel, RSI Approaches Oversold Territory

USDCAD stands at risk of exhibiting a more bearish behavior ahead of the FOMC rate decision on June 19 as the exchange rate snaps the upward trend from earlier this year.


USD/JPY moves back above mid-108.00s, closer to Monday’s over 1-week tops

The USD/JPY pair caught some fresh bids on Tuesday and jumped back above mid-108.00s, back closer to the overnight swing high. US President Donald Tru


EUR/USD recovers ground lost and moves to 1.1320

The shared currency appears to have regained the buying interest following the pessimism at the beginning of the week, with EUR/USD now managing to re


EUR/USD: Upside in the store? – Commerzbank

According to Karen Jones, analyst at Commerzbank, EUR/USD pair has cleared the 2018-2019 downtrend on a weekly closing basis and in doing so completed


GBP/USD technical analysis: Immediate resistance-line stops buyers targeting 100-HMA

Gradual declines of the GBP/USD pair remains in play ahead of the UK employment data as it quotes 1.2680 while heading into the London open on Tuesday.


AUD/USD to fall to 0.68 in late-2019 – Westpac

According to Elliot Clarke, analyst at Westpac, US/Australian interest rate differentials and commodity prices remain key for AUD/USD valuation. Key Q


USD/CHF technical analysis: Descending triangle inside 200-HMA portrays slow bearish grind

Despite lack of momentum, USD/CHF continues to remain under 200-HMA and also follows the short-term descending triangle pattern by early Tuesday.


Currency Volatility: EURUSD, AUDUSD, USDTRY Weekly Outlook

Currency Volatility: EURUSD, AUDUSD, USDTRY Weekly Outlook


GBPUSD Price Outlook: Firm UK Jobs Data Emboldens BoE Hawks

GBPUSD Price Outlook: Firm UK Jobs Data Emboldens BoE Hawks


USD/CHF sticks to gains above 0.9900 handle ahead of US data

The USD/CHF pair quickly reversed an intraday dip to sub-0.9900 level and spiked to two-day tops in the last hour, albeit lacked any strong follow-thr


EUR/USD Technical Analysis: The 200-day SMA near 1.1370 still caps the upside

EUR/USD daily chart EUR/USD Overview Today last price 1.1318 Today Daily Change 24 Today Daily Change % 0.05 Today daily open 1.1312 Trends Daily SMA2


USD/JPY technical analysis: Subsequent up-move is likely to remain capped near 109.00 handle

Meanwhile, technical indicators on hourly charts managed to hold with a mild positive bias but are yet to catch up with the recent up-move on the dail


GBPUSD, AUDUSD, Gold, and More – Technical Outlook

The Dollar is sitting on substantial support, but will it hold? AUD and GBP have opposing looks to one another versus USD, while gold has major resistance to…


Have a nice trading!

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