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USD Daily Review May 15, 2019

USD Daily Review for May 15, 2019

Crude Oil Prices Surge on Saudi Pipeline Attacks, GBPUSD Underperforms – US Market Open

Crude Oil Prices Surge on Saudi Pipeline Attacks, GBPUSD Underperforms – US Market Open


US Dollar Index technical analysis: DXY bulls en route to 97.74 price level

DXY daily chart The US Dollar Index (DXY) is trading in a bull trend above its main simple moving averages (SMAs).The index picked up some steam this


USD/CHF rises after 3-day slide, is the correction over?

The USD/CHF is consolidating a daily gain of around 40 pips, posting the first gains after losing more than a hundred pips over the last three days. T


USD/JPY: Bulls take pair back above hourly cloud, an area Tokyo traders could get bids behind

The yen is on the backfoot today as markets find some solace in recent optimistic comments from Trump which followed yesterday’s comments from Secreta


GBP/USD steadies a little above 1.29, erases nearly 100 pips since star of week

The GBP/USD pair, which started the week a little above the 1.30 mark, extended its slide for the second straight day on Tuesday and touched its lowes


NZD/USD technical analysis: Kiwi navigating in troubled waters near 0.6570 level

NZD/USD daily chart NZD/USD is trading in a bear trend below the 0.6600 handle and its main simple moving averages (SMAs). NZD/USD 4-hour chart NZD/US


EUR/USD remains weak but still above 1.1200

The EUR/USD pair bottomed after the beginning of the US session at 1.1202 and then tested daily lows but remains on top of 1.1200. The bias continues


USD/JPY clings to daily recovery gains above 109.50 as US stocks stage decisive correction

The USD/JPY pair slumped to its lowest level since early January at 109.02 on Monday but reversed its direction today supported by positive market sen


USD/CHF technical analysis: Greenback attempting to come back as the market finds some footing near 1.0050 level

USD/CHF daily chart USD/CHF is consolidating the recent losses above 1.0050 and the 50 SMA. USD/CHF 4-hour chart USD/CHF is trading below its main SMA


EUR/USD and GBP/USD Forecast May 15, 2019

The Euro tried to rally again during the trading session on Tuesday, but then broke down significantly to form a bit of a shooting star again. This is a mark…


USD/JPY and AUD/USD Forecast May 15, 2019

The US dollar has rallied a bit during the trading session on Tuesday, wiping out the losses from the Monday session. This is a good sign, as we approached t…


AUD/USD: Buyers await Australia/China data to validate recent recovery

AUD/USD is on the rounds near 0.6950 during the early Asian session on Wednesday ahead of important AU and China data.


NZD/USD clings to 0.6570 amid trade tension, China data in the spotlight

With the on-going tariff war between the US and China continue troubling the global markets, the NZD/USD pair prints 0.6570 on the chart.


EUR/USD technical analysis: Fiber is down challenging 1.1200 the figure

EUR/USD daily chart EUR/USD is trading in a bear trend below its main simple moving averages (SMAs). EUR/USD 4-hour chart EUR/USD is challenging 1.120


USD/SEK Aiming at Support, USD/NOK Entering New Range?

After skyrocketing to almost 20-year highs, USD/SEK may be cooling down and heading towards new support. USD/NOK may have entered into a new range.


USDMYR, USDIDR Uptrends May Accelerate as Singapore Dollar Weakens

USD/IDR, USD/MYR, USD/SGD and USD/PHP extended their uptrends as anticipated, eyeing distant resistance barriers amidst the uptick in US-China trade war worries.


Can Dow, AUDUSD Stage a Recovery or is This a Pregnant Trade War Pause

Following Monday’s escalations to the US-China trade war, the markets were looking to acclimate to the heightened state of anxiety


Yuan Currency Volatility: USDCNH Eyes Trade War & Looming Data

The Chinese Yuan remains in focus ahead of a data dump that could provide markets with a sign of how urgently China may need to strike a deal with the US. What might USDCNH implied volatility suggest?


GBPUSD Near Turning Point on Brexit Talks, AUDUSD Faces Wage Data

GBP/USD is approaching key support on fading confidence in Brexit negotiations. AUD/USD is eyeing Australian wage data as sentiment signals show a neutral Australian Dollar bias.


GBP/USD recovers as UK politics turn positive, US data in the spotlight

The GBP/USD pair is on the bids around 1.2910 ahead of the London open on Wednesday.


When is German GDP data and how could it affect EUR/USD?

German GDP overview German gross domestic product (GDP) due at 06:00 GMT is forecasted to show the economy expanded 0.4% quarter-on-quarter in the fir


USD/JPY technical analysis: Contracting triangle breakout may pave way for 110.00

USD/JPY pair has created a contracting triangle on the hourly chart. A move above 109.68 would confirm triangle breakout or resumption of the correcti


Dismal China data pushed AUD/USD to new 4.5-month low

China macroeconomic data released soon before press time missed estimates, sending AUD/USD down to 0.6923, the lowest level since January 3. The consu


AUD/USD technical analysis: Prints fresh session low on below-forecast Aussie wage growth data

AUD/USD slipped to fresh session low of 0.6925 after the Aussie first quarter wage price index printed below estimates, cementing expectations of an R


EUR/USD recedes from tops, targets 1.1200 post-German GDP

The single currency is fading part of the initial optimism and is now prompting EUR/USD to return to the boundaries of 1.1200 the figure in the wake o


US Dollar Index looks for direction near 97.50

The US Dollar Index (DXY), which tracks the greenback vs. a basket of its main rivals, is trading without direction in the mid-97.00s, looking to exte


EUR/USD: Topside still favoured – Commerzbank

Axel Rudolph, analyst at Commerzbank, points out that the EUR/USD pair has reached the 55 day moving average at 1.1254 and they continue to favour the


USD/CAD Technical Analysis: Eyeing a Bullish Break of Resistance?

USD/CAD moving in a sideways pattern, But in a higher level


Canadian Dollar Technical Analysis Overview: USDCAD, CADJPY, AUDCAD

Canadian Dollar Technical Analysis Overview: USDCAD, CADJPY, AUDCAD


EURUSD Price Outlook: Recents Lows Look Vulnerable

EURUSD remains weak and recent lows may be tested in the short-term as sellers continue to control price action.


Gold Price Outlook Hinges on US Dollar, Bond Yields Divergence

The outlook for gold prices is likely to be shaped by the conflicting influence of bond yields and the US Dollar as sentiment sours anew across global financial markets.


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

US monthly retail sales overview Wednesday’s US economic docket highlights the release of monthly retail sales figures for the month of April, schedul


USD/TRY edging higher, approaches the 6.10 area

The Turkish currency is losing ground on Wednesday and is pushing USD/TRY to the vicinity of the key 6.10 mark. USD/TRY stronger, looks to trade, US d


EUR/USD keeps 1.1200 on EMU data, looks to trade

The bid tone stays unchanged around the shared currency so far today, with EUR/USD managing well to keep the trade above 1.1200 the figure for the tim


Have a nice trading!

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