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USD Daily Review June 13, 2019

USD Daily Review for June 13, 2019

Corporate World Weighs Up Trillions Of Dollars Of Climate Risks–And Opportunities

Businesses are realising the risks climate change poses to their revenues, but they are also starting to find the opportunities to profit from the transition to a low-carbon world. Financial groups are set to suffer most, so they will put pressure on the firms they invest in to cut their emissions.


Japanese Yen Weekly Price Outlook: USD/JPY Settles at Big Support

The US Dollar is testing a major support confluence against the Japanese Yen – the battle lines are drawn. These are the levels that matter on the USD/JPY weekly chart.


US Dollar Steadies as Fed Rate Cut Odds Stabilize – Calendar Driving Prices

The US Dollar (via the DXY Index) has not seen significant follow through after breaking key technical levels last week. That simply may just be a function of the calendar.


US Dollar Losses Curbed by 200DMA, GBPUSD Eyes No-Deal Brexit Motion – US Market Open

US Dollar Losses Curbed by 200DMA, GBPUSD Eyes No-Deal Brexit Motion – US Market Open


AUD/USD technical analysis: Aussie ending the day on its low ahead of Australia job reports

AUD/USD daily chart AUD/USD is trading in a bear trend below its main daily simple moving averages (DSMAs). The market is trading at its lowest in 7 d


NZD/USD to remain within 0.65-0.69 with downside risks – BNZ

Analysts at BNZ, trimmed their NZD optimism for the second half, given the escalation of US-China trade wars. They now see NZD/USD as largely confined


US Dollar Index technical analysis: DXY rises to the 70.00 handle

DXY daily chart The US Dollar Index (DXY) is in a bull trend above the 96.74 support and the 200-day simple moving averages (DSMA). The market is test


AUD/USD extends slide to 9-day lows near 0.6930 ahead of Australia jobs report

After spending the majority of the day moving in a tight range near 0.6950, the AUD/USD pair came under a renewed selling pressure and fell to its low


USD/CAD breaks above 1.3300 as the recovery strengthens and crude oil tumbles

The Canadian Dollar is among the worst performers of the American session weakened by the ongoing sell-off in crude oil prices. The WTI barrel is movi


GBP/USD: Bulls capped below 23.6% retracement

U.S. Headline inflation rose 0.1% month-on-month in May, leaving the annual rate of CPI at 1.8% year-on-year, down from 1.9% in April. Core inflation


USD/CHF technical analysis: US Dollar gains upside traction against the Swiss franc

USD/CHF daily chart USD/CHF is consolidating below the parity level and the 200-daily simple moving average (DSMA). USD/CHF 4-hour chart USD/CHF is tr


EUR/USD slides below 1.1300 as US Dollar gains momentum

The US Dollar strengthened across the board and reached fresh high versus European currencies, including the Euro, reversing from earlier losses. The


USD/CAD technical analysis: Greenback stabilizing above 1.3280 support

USD/CAD daily chart The market is testing 1.3280 support near the 200 simple moving average (DSMA). USD/CAD 4-hour chart USD/CAD remains under bearish


UK: Lawmakers reject motion to seize parliamentary time to prevent no-deal Brexit, GBP/USD drops below 1.27

British lawmakers have rejected the motion to seize parliamentary time to try and prevent a no-deal Brexit, with the initial reaction, the GBP/USD pai


GBP/USD erases early gains, turns flat on the day near 1.2720

The GBP/USD pair, which was able to stage a modest recovery on the back of UK labour market data on Tuesday, struggled to preserve its bullish momentum


USD/JPY recovers a major part of early slide to weekly lows

The USD/JPY pair recovered a major of its early slide to weekly lows and jumped back above mid-108.00s in the last hour, albeit lacked any strong foll


EUR/USD and GBP/USD Forecast June 13, 2019

The Euro initially tried to rally again during the trading session on Wednesday, but then ran into a buzz saw of resistance yet again at the 1.1350 level, wh…


USD/JPY and AUD/USD Forecast June 13, 2019

The US dollar fell significantly during the trading session on Wednesday but filled the gap and then found buyers. The fact that we turned around of form a b…


AUD/USD clings to 0.6930, all eyes on monthly employment report

Aussie traders gave little importance to welcome CPI figures from China amid global risk-off ahead of monthly employment data.


NZD/USD: Sellers maintain the hold ahead of jobs data from largest customer Australia

Looming doubts over the global trade mechanism continued dragging the NZD/USD pair ahead of AU employment data on early Thursday.


Dow Takes a Further Step Towards Reversal, EURUSD Reverses from 200 DMA

The enthusiasm for the US-Mexico deal to avert tariffs has diminished as Trump’s account at odds with counterparts


Lackluster Australia Employment Report to Keep AUDUSD Under Pressure

A 16.0K expansion in Australia Employment may offer little relief to the recent decline in AUDUSD as the RBA appears to be on track to implement lower interest rates.


Dollar Benefits as EURUSD Upside Breakout Struggles, GBPUSD Sinks

The US Dollar rose despite soft CPI as Pound Sterling fell amidst the UK rejecting a no-deal Brexit. EURUSD upside breakout struggled, Trump considers sanctions to block Nord Stream 2.


GBP/USD remains on the back foot, all eyes on conservative voting

While the failure of Labour-led motion to block the chances of no-deal Brexit weakened the British Pounds (GBP), the GBP/USD pair remains on a back foot.


EUR/USD charts bearish outside day ahead of Eurozone industrial production

With a bearish candlestick pattern on the daily chart, the EUR/USD is on the defensive ahead of Eurozone’s industrial production release. The currency


Go short USD/JPY am id potential risk-off ahead of G20 – BAML

The Research Team at Bank of America Merrill Lynch (BAML) recommends going long on the Yen against the Euro and the US dollar on potential risk-aversi


Risk-off lifts Yen, pushes USD/JPY lower to 108.20

With equities flashing red this Thursday morning in Asia, the anti-risk Japanese Yen is better bid and the USD/JPY is reporting a 0.26% drop. The pair


NZD/USD technical analysis: Breaks above 50-hour MA hurdle

NZD/USD moved above the 50-hour moving average (MA) resistance of 0.6582 soon before press time, having built a base around 0.6566 over the last 24 ho


AUD/USD hits two-week low after Australian jobs data

AUD/USD slipped to 0.6914, the lowest level since May 31, after the official data released at 01:30 showed Australia’s jobless rate remained steady at


EURUSD Forecast: Post-ECB Correction Eyes March-High

Recent price action in EURUSD raises the risk for a run at the March-high (1.1448) as the exchange rate breaks out of the bearish trend from earlier this year.


Gold Prices Miss Out as Shaky Markets Find Haven in the US Dollar

Gold prices were unable to capitalize as jittery financial markets rediscovered the haven appeal of the US Dollar. More of the same looks likely ahead.


USD/JPY off weekly lows, still in the red below mid-108.00s

The USD/JPY pair dropped to fresh weekly lows during the Asian session on Thursday, albeit has managed to recover few pips thereafter. The pair failed


When is the SNB rate decision and how could it affect USD/CHF?

SNB Interest Rate Decision Overview The Swiss National Bank (SNB) is scheduled to release its quarterly monetary policy assessment at 0730 GMT today,


EUR/USD moves higher and flirts with 1.1300

The European currency is recovering the composure in the second half of the week and is helping EUR/USD to regain the vicinity of the key 1.1300 the f


GBP/USD technical analysis: Bulls and bears jostle between 100-HMA, immediate support-line

Having bounced off 38.2% Fibonacci retracement of May-end to June-start upside, the GBP/USD remains modestly flat as it trades near 1.2690.


EUR/USD is consolidating – Commerzbank

In view of Karen Jones, analyst at Commerzbank, EUR/USD pair has been consolidating following its break of the 2018- 2019 downtrend and is holding bel


US Dollar Index eases from tops above 97.00

The greenback, in terms of the US Dollar Index (DXY), is trading in a consolidative fashion around the 97.00 handle in the second half of the week. US


USD Held Support, Now What? EURUSD, GBPUSD, AUDUSD, USDJPY Charts

The USD index is coming off support, but it is still unclear as to whether it will hold; there are charts of varying biases in several of the major pairs.


EURUSD Chart Analysis: Has Euro Trend Turned Higher? Maybe Not.

The Euro appears to have secured a critical topside breakout, but near-term chart positioning warns against committing to bullish follow-through.


USD/JPY recovers early lost ground to weekly lows, back near mid-108.00s

The USD/JPY pair managed to recover the early lost ground to weekly lows and is currently placed at the top end of its daily trading range, around mid


USD/CAD extends slide toward 1.33 as oil recovery gathers momentum

After closing the first three days of the week in the positive territory, the USD/CAD pair turned south on Thursday with the commodity-sensitive looni


USD/CAD technical analysis: Recovery from multi-month lows falters ahead of 100-day SMA

The mentioned 200-DMA support coincides with the lower end of over four-month-old ascending trend-channel, which should now as a key pivotal point for


GBP/USD technical analysis: Bears set to regain control, sustained break below weekly lows awaited

Despite the pullback, the pair remains well within this week’s broader trading range and thus, warrant some caution before positioning for any further


Have a nice trading!

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