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USD Daily Review May 31, 2019

USD Daily Review for May 31, 2019

Currency Volatility: USDCAD, EURCAD, CADJPY Eyed Post BOC

CAD currency crosses are highlighted post BOC with the Canadian Dollar prone to heightened price action ahead of Friday’s high-impact economic data due for release.


Canadian Dollar Price Outlook: USD/CAD Breakout Stalls- Loonie Levels

A breaking out of a multi-week range in Loonie has taken price into confluence resistance near six-month highs. Here are the levels that matter on the USD/CAD charts.


US-German Yield Spread Falls, Potentially Benefiting EURUSD

Government bond yields are dropping as investors opt for the safety of Government debt on fears that the global economy is slowing, and a lower US-German spread could help the Euro vs the Dollar.


US Dollar Index technical analysis: DXY ends the day virtually unchanged

DXY daily chart The US Dollar Index (DXY) is in a bull trend above its main simple moving averages (SMAs). Bulls attempted to break above the 98.20 bu


USD/MXN rises back toward 19.10 after hitting 2-day lows at 19.03

The USD/MXN trimmed losses over the last hour, rising back to the 19.10 zone. Earlier today, amid a rally of most Emerging market currencies the pair


USD/CAD stays above 1.35 as oil selloff continues to hurt loonie

The USD/CAD pair staged a downward correction after refreshing its 2019-high yesterday and eased below the 1.35 mark. However, with the crude oil, onc


GBP/USD testing critical support at 1.2580 on hard Brexit concerns

GBP/USD is on the brink of a technical breakout to the downside fulled by the higher possibility of a hard Brexit given the incumbent PM May’s recent


AUD/USD technical analysis: Small rebound at the 0.6900 handle

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


NZD/USD erases daily gains, tests 0.65 amid broad USD strength

After touching a fresh daily high of 0.6528, the NZD/USD pair reversed its direction and tested the critical 0.65 handle pressured by the broad-based


EUR/USD bounces from weekly lows to test daily highs

The EUR/USD pair bottomed at 1.1115 at the beginning of the American session, the lowest level in a week and then bounced to the upside, amid a correc


USD/CHF technical analysis: Consolidating gains near 3-day high

USD/CHF daily chart USD/CHF is trading above its 100 and 200 simple moving averages (SMAs). USD/CHF 4-hour chart USD/CHF is finding some resistance be


USD/JPY loses momentum ahead of 110, trades in upper half of daily range near 109.90

After failing to take advantage of the broad USD strength earlier this week with the sour market sentiment helping the JPY stay resilient against its


USD/JPY technical analysis: Breaking to 4-day high and nearing 110.00 handle

USD/JPY daily chart USD/JPY is consolidating at multi-month lows below its main simple moving averages (SMAs). USD/JPY 4-hour chart USD/JPY is approac


Dollar General stock jumps as same-store sales beat (DG) | Markets Insider

Dollar General beat earnings expectations and same-store sales estimates for the first quarter. The stock was up more than 5% in pre-market trading Thurs…


Dollar Tree shares fall after weak guidance

Dollar Tree Inc. shares fell 3.5% in Thursday premarket trading after the discount retailer gave weak guidance. First-quarter net income was $267.9 million,…


EURUSD Chart Analysis: Euro at Trend-Defining Support – Now What?

The Euro is testing pivotal support above the 1.11 figure against the US Dollar once again, with performance here likely to be decisive for the broader price trend.


USD Aims Up as Trade Wars Fuel S&P 500 Volatility. Fed Cut Ahead?

The US Dollar may rise as trade war fears creep higher, fueling S&P 500 volatility and demand for safe havens. The Fed helped equities bottom last year, will it save the day again?


AUDUSD Slides As China Manufacturing PMI Returns To Contraction

The Australian Dollar came under yet more pressure on news that Chinese manufacturing output fell in May, ending a tentative recovery


USD/IDR technical analysis: Less activity between the key MAs

Having reversed from 200-day SMA, the USD/IDR pair clings to 61.8% Fibonacci retracement level around early Friday.


GBP/USD technical analysis: 50-HMA can toughen road to recovery

Despite refraining from additional declines due to the recent US Dollar (USD) weakness, the GBP/USD pair still trades under near-term resistances.


PBOC sets yuan mid-point at against 6.8992 the dollar, versus prior close at 6.9012.

PBOC to skip open market operations today. PBOC gauging demand for 7, 14, 28 & 63 day reverse repos. PBOC sets yuan mid point at against 6.8992 the d


Dow Struggles for Follow Through on Key Break, Dollar’s Climb Defies Gravity (Trading Video)

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EUR/USD holds steady near 1.1135 amid falling German yields

The EUR/USD pair extends its side trend near 1.1130 region in early trades, unperturbed by the intensifying risk-off moods amid the US-led protectioni


USD/JPY technical analysis: Break of 109.00 highlights 108.70 for sellers

Having slipped beneath 109.00, the USD/JPY pair is up for further weakness as it trades near 108.95 during early Friday.


EURUSD Regains Some Strength, Bond Yields Signal a Recession

The EURUSD has pushed past the 1.1140 resistance line but traders will be eyeing German CPI and US PCE Core figures to strengthen their position. Worries about a recession have pushed long-term government yields around the world to the lowest level in years


India FX Reserves, USD up to $419.99B in May 24 from previous $418B

India FX Reserves, USD up to $419.99B in May 24 from previous $418B


When is the Canadian GDP report and how could it affect USD/CAD?

Canadian GDP overview Friday’s economic docket highlights the release of monthly Canadian GDP growth figures for March, scheduled to be published at 1


USD/JPY extends decline below 109 as risk aversion intensifies

After finding resistance near 110 on Thursday, the USD/JPY pair came under strong selling pressure on Friday and slumped to its lowest level since Jan


When is the German Prelim CPI and how could it affect EUR/USD?

Today’s Eurozone economic docket highlights the release of Harmonized German prelim CPI data, up for release later this session at 1200 GMT. The headl


AUD/USD: Risk-off caps the bounce to 0.6930, focus on US data

The AUD/USD pair popped its range trade around 0.6915 region and hit fresh daily tops near 0.6930, tracking the retreat in the US dollar across the bo


Have a nice trading!

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