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USD Daily Review June 14, 2019

USD Daily Review for June 14, 2019

Near-term Trade Setups in USD/CAD and EUR/USD

An update on near-term trade setups we’ve been tracking in Loonie (USD/CAD) and Euro (EUR/USD). These are the targets and invalidation levels that matter this week.

 

FX Price Action Setups in EUR/USD, GBP/USD, USD/CAD and AUD/USD

Next week brings the FOMC for the June rate decision – but can the bank’s forecasts meet the market’s demands around future rate cuts?

 

US Dollar Price Outlook: USD Bounce Runs into Resistance

The US Dollar came into the month of June screaming-lower, but has since found support. Next week’s FOMC looms large, will buyers be able to hold the bid?

 

US Dollar Index technical analysis: DXY climbs above 97.00

DXY daily chart The US Dollar Index (DXY) is in a bull trend above the 97.00 level and the 100/ 200-day simple moving averages (DSMA). DXY 4-hour char

 

USD/CAD to move lower over coming months – Danske Bank

Analysts from Danske Bank expect the Bank of Canada to keep their interest rate unchanged over the next 12 months. They forecast USD/CAD at 1.32 in a

 

EUR/USD retreats below 1.1300 but still could post its first monthly gain

The EUR/USD pair bottomed earlier today at 1.1267, the lowest level in six days and then slowly recovered until it found resistance at the 1.1285 area

 

USD/CAD looks to snap 3-day winning streak amid surging oil prices

The USD/CAD pair came under pressure on Thursday with the rising crude oil prices helping the commodity-sensitive loonie outperform its major rivals.

 

USD/MXN Technical Analysis: Remains in consolidation range with a bearish bias but…

Price is holding above an uptrend line while at the same time below a key 20-day moving average. Short-term technical indicators favor the downside bu

 

USD/CHF technical analysis: US Dollar on the way up near 0.9940 against CHF

USD/CHF daily chart USD/CHF is in consolidation mode below the parity level and its 200-daily simple moving average (DSMA). USD/CHF 4-hour chart USD/C

 

USD/JPY goes into consolidation near mid-108s

The USD/JPY pair is having a tough time determining its next short-term direction on Thursday amid a lack of significant market drivers. As of writing

 

USD/CAD technical analysis: Greenback gaining some traction above 1.3300

USD/CAD daily chart The market is trading in a bull trend above its 200-day simple moving average (DSMA). USD/CAD 4-hour chart USD/CAD trades below it

 




GBP/USD again limited by 1.2700, remains in a small range flat for the day

The GBP/USD pair reached a daily high at 1.2707 at the beginning of the American session and then pulled back modestly and as of writing trades at 1.2

 

USD/JPY technical analysis: Greenback slows down near 108.55 resistance against Yen

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

 

EUR/USD technical analysis: Slides below 200-hour SMA, refreshes weekly low

Meanwhile, technical indicators have been gaining negative momentum on hourly charts and further reinforce the bearish set-up, albeit bullish oscillat

 

USD/CAD bounces off lows, finds some support near 1.3300 handle

The USD regained some positive traction in the last hour, helping the USD/CAD pair to quickly recovery around 20-pips from daily lows. Having failed t

 

Tyson takes on Beyond Meat with plans to make plant-based ‘meat’ a billion-dollar business

Tyson Foods is taking on Beyond Meat with a new line of plant-based meat alternatives, including vegan nuggets launching later this year.

 

GBP/USD technical analysis: Cable ending the day on its lows below 1.2700 figure

GBP/USD daily chart GBP/USD is consolidating after the selloff seen in May. GBP/USD 4-hour chart The market is trading below 1.2700 and its main simpl

 

EUR/USD and GBP/USD Forecast June 14, 2019

The Euro initially tried to rally during the trading session on Thursday, but then rolled over a bit. At this point, it looks as if we are going to continue …

 

USD/JPY and AUD/USD Forecast June 14, 2019

The US dollar fell during most of the trading session on Thursday against the Japanese yen, filling the gap from the beginning of the week. Interestingly eno…

 

AUDUSD Chart Analysis: Aussie Dollar Resumes Downtrend, Eyes 0.67

The Australian Dollar looks to have resumed the downtrend against its US counterpart, with chart positioning warning of a decline to test the 0.67 figure ahead.

 

NZDUSD, AUDUSD Tumble to Support. RBNZ, RBA Rate Cut Bets Deepen

The NZDUSD and AUDUSD are tumbling to support as increasingly dovish RBNZ and RBA monetary policy bets are undermining their appeal, boosting the Japanese Yen as carry trades unwind.

 

Will EURUSD Draw Some of the Trade War Winds from the Dow?

Another threat of a lateral jump in the trade war emerged as the US considers sanctions on Germany for its Russia-connected gas line

 

USDCAD Rate Rebound Fizzles Ahead of US Retail Sales Report

The rebound in USDCAD appears to be stalling ahead of the US Retail Sales report as the exchange rate fails to extend the recent series of higher highs and lows.

 




EUR/USD flirts with 100-day MA support ahead of China data

 

AUD/USD slips to three-week lows on aggressive RBA rate cut calls

The Australian Dollar is feeling the pull of gravity with major banks forecasting aggressive interest rate cuts by the Reserve bank of Australia.

 

NZD/USD drops for fifth consecutive day to hit lowest since June 3

 

GBP/USD technical analysis: Clings to 4H 100MA 10-day long support-line

GBP/USD remains modestly flat around 100-bar moving average (4H 100MA) and 10-day long support-line as it trades near 1.2675 during early Friday.

 

US Dollar Index looks to extend the breakout of 97.00

The US Dollar Index (DXY), which tracks the greenback vs. a basket of its main competitors, is adding to the weekly recovery above the key barrier at

 

When are US monthly retail sales figures and how could they affect EUR/USD?

Friday’s US economic docket highlights the release of monthly retail sales figures for the month of May, scheduled at 12:30 GMT. Following the previou

 

USD/JPY stays calm near 108.20 ahead of US retail sales data

The USD/JPY pair is having a tough time setting its next short-term direction on Friday as the risk-off flows allow the safe-haven JPY to stay resilie

 

AUD/USD technical analysis: Oversold conditions helped limit further losses, but only for the time being

Friday’s mixed Chinese macro data painted a fairly gloomy picture of the world’s second-largest economy and raised concerns over the health of the glo

 

USD/TRY closing in to 6.00 as US-Turkey tensions escalate

The Turkish Lira is extending its move lower so far this week and is lifting USD/TRY to fresh tops beyond the 5.9300 handle. USD/TRY now targets 6.00

 

EUR/USD under pressure, drops to lows near 1.1260 ahead of US data

Further selling pressure is now weighing on the shared currency and dragging EUR/USD to new weekly lows in the 1.1260 zone. EUR/USD focused on data, I

 

GBP/USD technical analysis: Flirting with weekly lows, remains vulnerable to slide further

Meanwhile, technical indicators on hourly & daily charts maintained their bearish bias, adding credence to the negative outlook supporting prospects f

 

USD/CAD sticks to modest gains, bulls await a sustained move beyond 100-DMA

The USD/CAD pair is currently placed at the top end of its weekly trading range, with bulls still awaiting a sustained move back above 100-day SMA. Af

 

Have a nice trading!




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