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USD Daily Review June 12, 2019

USD Daily Review for June 12, 2019

Aussie Weekly Price Outlook: Australian Dollar Battle Lines Drawn

Aussie turned from key resistance last week with the pullback targeting near-term support just lower. These are the levels that matter on the AUD/USD weekly chart.


Euro Price Analysis: Bulls Bring EURUSD Bounce, EURJPY Resistance

The Euro continues to show strength in the face of a plethora of risks. In this article, setups are looked at on either side of the single currency.


US Dollar Price Outlook in EUR/USD, GBP/USD, AUD/USD and USD/CAD

The US Dollar has finally found some element of support at a key Fibonacci level which is confluent with the 200-day moving average. Can it hold?


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 contend with.


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

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


USD/MXN hits weekly lows but Mexican peso slowly loses shine

The Mexican peso extended the rally on Tuesday that followed the decision of US President Trump to suspend tariffs to Mexican imports. The USD/MXN bot


AUD/USD steadies near 0.6960, looks to close the day flat

After staging a technical correction of last week’s upsurge and closing the day 35 pips lower on Monday, the AUD/USD pair pushed lower earlier in the


NZD/USD: 20-D EMA downside target met, eyes back to 0.66 the figure on break of 200-hr SMA

The bird continued to slide yesterday and met a key downside target before stalling in quiet US trade which gives rise to a correction back towards 0.


EUR/USD technical analysis: Euro challenging the daily high near 1.1330

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


USD/TRY is not sufficiently stable to expect the CBRT to lower interest rates – Rabobank

According to Poitr Matys, EM FX strategist at Rabobank, the prospect of the Fed lowering interest rates in the coming months is an encouraging …


USD/JPY: Held-up at hourly cloud support, awaiting tomorrow’s CPI data

USD/JPY reinstated its southerly trajectory on Tuesday following a run to the upside that occurred in Asia with follow through in European markets. Th


USD/CAD jumps to levels on top of 1.3300 as Loonie retreats

On a quiet session, the USD/CAD pair offered a surprise move to the upside, after trading in a tight range for hours. The rally took place amid a decl


USD/CHF technical analysis: Greenback stabilizing above 0.9860

USD/CHF daily chart USD/CHF is consolidating losses below the parity level and the 200-daily simple moving averages (DSMAs). USD/CHF 4-hour chart USD/


GBP/USD rises slowly to fresh daily highs above 1.2725

The GBP/USD pair printed a fresh daily high at 1.2728 and as of writing trades near the top, holding a bullish tone but still on the range of the last


USD/CAD struggles to find direction, fluctuates in tight range above 1.3250

For the second straight day, the USD/CAD pair is having a difficult time setting its next short-term direction amid a lack of fresh significant fundam


USD/JPY technical analysis: Intraday positive move falters near 1-week old ascending trend-line resistance

This coupled with the possible occurrence of a golden-cross on the 1-hourly chart, wherein 50-hour SMA is looking to break above 200-hour SMA, further


Corn futures turn higher as USDA forecasts lowest U.S. production in 4 years

Corn futures turned higher Tuesday after the U.S. Department of Agriculture’s World Agricultural Supply and Demand Estimates report said U.S. corn production…


EUR/USD and GBP/USD Forecast June 12, 2019

The Euro initially fell during the trading session on Tuesday but found buyers later in the day as we continue to grind towards the 1.1350 level. That being …


USD/MXN Forecast June 12, 2019

The US dollar initially tried to rally against the Mexican peso, breaking above the 50 day EMA at the open. However, we rolled over again and broke down belo…


USD/JPY and AUD/USD Forecast June 12, 2019

The US dollar has rallied a bit during the trading session on Tuesday, breaking above the highs of the Monday shooting star, but has sold off later in the da…


NZD/USD remains on a back foot around 0.6580 ahead of data-flow

Following another day ruled by bears, the NZD/USD pair continues to be on a back foot near 0.6580 ahead of a slew of domestic and China data on early Wednesday.


ASEAN FX Chart Analysis: USDPHP Bottoms? USDSGD Downtrend Struggles

Can US Dollar gains against the Philippine Peso last after USDPHP appeared to bottom? A new uptrend seems to be guiding USDMYR higher as USDSGD consolidates between key levels.


NZDUSD Drop Extends on Dollar Gains as GBPUSD Recovers on UK Wages

NZDUSD declines entered a second day against the backdrop of a slightly stronger US Dollar on fading Fed rate cut bets. GBPUSD rose however on UK wage data as AUDUSD eyes China CPI.


Goldman Sachs foresee a “choppy dollar downside in the months ahead”

The Goldman Sachs analysts, in their latest client note, have drawn parallels with the macro environment facing the US dollar today and in the 1980s.


USD/JPY technical analysis: Risks skewed to the downside

USD/JPY risks falling back toward 108.00 today, having charted back-to-back daily candles with long upper shadows. A candle with a long upper shadow i


EUR/USD technical analysis: Bulls line-up for a run higher above 2018-2019 downtrend


AUD/USD remains on the defensive China inflation data

AUD/USD continues to trade in the red near 0.6955 following the mixed Chinese inflation figures. The consumer price index (CPI) rose at annualized rat


USD/CAD technical analysis: Multiple upside barriers to question latest pullback

In spite of its U-turn from 1.3242, the USD/CAD pair has multiple upside barriers to cross in order to justify its latest strength.


Euro Braces for Draghi Speech, USD May Fall on Local CPI Data

The Euro and US Dollar will be closely watching major cross-Atlantic event risk as ECB President Mario Draghi prepares to speak in Germany while the US Dollar braces for local CPI data.


EUR/USD visiting daily highs near 1.1340, looks to ECB, US CPI

The upbeat mood around the shared currency stays unabated so far on Wednesday and is lifting EUR/USD to the area of fresh tops around 1.1340. EUR/USD


AUD/USD struggles near mid-0.6900s, over 1-week lows

The AUD/USD pair remained depressed through the Asian session on Wednesday and dropped to near 1-1/2 week lows in the last hour. The pair came under s


USD/JPY sees aggressive selling, eyes 108.00 as risk-off intensifies

The USD/JPY pair witnessed a 20-pips drop over the last hour, as the buying interest gathered pace around the safe-haven Yen, with the European trader


US Dollar Index parked around 96.70 ahead of US CPI

The US Dollar Index (DXY), which gauges the greenback vs. a bundle of its main competitors, is trading without direction around the 96.70 region on We


USD/CHF Price: Bearish Move Stalls – Is it Over?

Find out more about USD price outlook through mid-year, download for freeQ2 major currencies forecasts On Jun 5, USD/CHF declined to its lowest level


Canadian Dollar Risks Larger Pullback from Crude Oil Price Reversal

Canadian Dollar Risks Larger Pullback from Crude Oil Price Reversal


GBPUSD Price: Riding the US Dollar Slump, US CPI Ahead

GBPUSD is benefitting from further weakness in the US dollar and is pushing back to levels last seen three-weeks ago.


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

Wednesday’s US economic docket highlights the release of the latest consumer inflation figures, due for release later during the early North-American


USD/JPY technical analysis: Drops to fresh weekly lows, eyeing 108.00 mark ahead of US CPI

Given that technical indicators on hourly and daily charts have failed to gain any meaningful traction, the pair now seems poised to resume its well-e


Have a nice trading!

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