Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Seeing some strength ahead for USD. PE The US Dollar (.DXY) Index at 90.372 is testing resistance at 90.25-90.50 on the daily lines. The 90.5-91.0 looks like Key resistance, and a clear break there would imply a Bullish USD medium term. EUR (Euro) at 1.2276 broke below support 1.23 […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Seeing some strength ahead for USD. PE The US Dollar (.DXY) Index at 89.69 rose after testing support at 89.25 day before Tuesday, and now 89.8 looks like immediate resistance, if it breaks 89.8, then 90.00-90.25 could be next resistance, then a dip. EUR (Euro) at 1.2375 tested […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD seeing some weakness in here. PE The US Dollar (.DXY) Index at 89.74 is trading at 89.7-89.8, seen last Thursday and Friday. It will move to support at 89.25 this week. US Retail Sales data could have significance impact on .DXY this week. EUR (Euro) at 1.2342 is holding above 1st support […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD seeing some, but not much, strength in here. PE The US Dollar (.DXY) Index at 89.79 seeing a pause in its move to support at 89.25, then there is  continuing resistance at current marks that will push it down again. EUR (Euro) at 1.2327 dipped from  1.2396 Wednesday […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 89.535 marked a low at 89.36 Wednesday. .DXY is expected to move lower towards support at 89.25 by Friday or next week. The US CPI data release Wednesday reflected moderation in inflation and did not affect USD strength […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 90.186 not been able to rise above Thursday’s high at 90.59, 1st resistance near 90.50-90.75 as seen on daily line. While trading below this resistance .DXY could dip to 89.5. EUR (Euro) at 1.2274 tested support at 1.2225 […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 90.34, made a high of 90.59 Thursday, after having breached resistance earlier this week, has moved further up possibly targeting 90.75-91.00, then 90.75-91.00 is seen as a strong resistance. If breached, it could lead to medium term Bullishness […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 90.16 is staying above resistance line at 90.10, and is looking likely to move to higher to 90.5-91.0. The test at 90.5-91.0 could happen next week. EUR (Euro) at 1.2279 marked a low at 1.2257 Wednesday and is […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD still looks weak in here. PE The US Dollar (.DXY) Index at 89.27 has not broken major long term support at 89.20 yet. If this support is broken .DXY could turn Bearish medium term after having ranged within 88.5-91.0 for the past 10 weeks. The next target is support […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD still looks weak in here. PE The US Dollar (.DXY) Index at 89.10 has weakened, and broken below support near 89.4 dipping below Key long term support on weekly lines 89.2-89.4. If this break on the weekly lines hold, .DXY could turn Bearish medium term after having ranged in […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: US President Donald Trump announced more than $50-Bworth of import curbs on China Thursday, raising fears of a possible trade war. The implication of this move has already been seen on JPY, which has strengthened to a 17 month high. Whether this move leads to further weakening of […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary The US Dollar (.DXY) index, and Sterling, while the focus focus this week is on the FOMC, G-10 traders applauded the constructive Brexit news overnight and with most investors under-weighted GBP assets. There was a scramble for topside exposure with Sterling (GBP) breaking well above its resistance. […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing new. PE US Dollar (.DXY) Index at 90.105 bounced from 89.5-89.75. The support was actually broken Thursday, leading to a further move towards important support at 89.2. But, the support held and now, 1st resistance is seen at 90.25, which may bring us a dip. EUR (Euro) at […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Euro weaned by Draghi’s Dovishness. PE EUR(Eur0) at 1.2320, notably Draghi’s Dovish comments at the 8 March press conference and the downward revision of forecasted inflation in Y 2019 caused the single currency to weaken below 1.24 and marking a low at 1.2273 Friday. Seeing some chance […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing New. PE The US Dollar (.DXY) Index at 89.73 has some support on the daily lines, the earlier resistance trend line on the daily line could provide some support at 89.0-89.5. If that support holds ranging between 88.5-90.0 for this week is void. EUR (Euro) at 1.2338 […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing New. PE The US Dollar (.DXY) Index at 90.063 is testing resistance at 90.1-90.2 on heightened inflation expectations and rising yields, triggered by the FOMC mins release Wednesday. However, a rise beyond 90.3-90.4 will be difficult and see a dip there or about. EUR (Euro) at […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD bouncing off lows in here. PE The US Dollar (.DXY) Index at 89.78 is bouncing from support to important resistance just above 90 on the daily and weekly candles. As US bond yields touch fresh highs, we could see .DXY tap at 90.00-90.25 Friday. EUR (Euro) at 1.2338 […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD continues to weaken. PE The US Dollar (.DXY) Index at 88.405) is testing support at 88.5 on daily lines. There is a chance  of a bounce from here to 89-90. Note: The recent .DXY Southside move broken Key long term support on weekly line at 89, which indicates prolonged Bearishness […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD is weakening. PE The US Dollar (.DXY) Index ar 89.51 down from 90.5 since Monday. The US CPI data release Wednesday is being looked at very closely for cues on inflation trends. Note: Higher than expected inflation numbers for January 2018 could lead to some near term selloff […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD consolidating. PE The US Dollar (.DXY) Index at 90.176 is consolidating around 90.20 and could move to resistance at 90.5-90.75 on the daily. EUR (Euro) at 1.2281) seeing strengthening since Friday when it marked a low at 1.2206. It might again attempt a test of support at 1.220-1.225 […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD consolidating. PE The US Dollar (.DXY) Index at 90.176 is consolidating around 90.20 and could move to resistance near 90.5-90.75 on the daily. EUR (Euro) at 1.2281 is strengthening since it saw a low of 1.2206. It may attempt a test of support near 1.220-1.225 on the daily […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD now moving in tight range. PE The US Dollar (.DXY) Index at 90.255 nowmoving in a very narrow range (90.2-90.3) after tapping a high at 90.57 Thursday. A test of resistance just below 91 could happen next week. EUR (Euro) at 1.2259 is trading below support at 1.2275 […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD support at 88.5 held, seeing some strength in here. PE US Dollar (.DXY) Index at 89.602 tapped resistance level on the 3 day candles near 90 Tuesday. DXY is currently below that resistance, but could well test it again in here. The next target could near 91 on the […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD support at 88.5 held, seeing some strength in here. PE The US Dollar (.DXY) Index at 89.653 is seeing some strengthening towards 90. There might be some resistance provided by earlier support near 90 on 3-Day. EUR (Euro) at 1.2368 dipped in line with our expectation of a near-term […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD continues to struggle. PE The US Dollar (.DXY) Index at 89.162 dipped again from marks seen Tuesday, and is trading in the 89.10-89.20 range. The markets is cautious ahead of the FOMC meeting announcement, and it will be interesting to see whether the Fed sticks to a hawkish tone […]

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD continues to struggle . PE US Dollar  (.DXY) Index at 89.283 to test support on daily lines 88.5-88.8 this week. On the daily candle the Northside for .DXY near term looks capped at 89.5. EUR (Euro) at 1.2401 seeking 1st  resistance at 1.24 now. The ECB kept its rates constant […]

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD is still struggling. PE US President Trump’s jawboning the USD in Davos was not enough to help it out of the weakness boat. And, During his, Q&A ECB President Draghi was doing his best to deflect questions on EUR then just as 1.2500 broke, Mr. Draghi said EUR’s gains were due […]

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD is still struggling. PE US Dollar (.DXY) Index at 89.069 fell further after US Treasury Secretary Mnuchin  said from Davos that the US likes a weak USD since it helps in trade. The Buck is now trading weaker against all major currencies. I see some support near 88.5 on […]

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD struggling. PE The US Dollar (.DXY) Index at 90.573 is holding below 91 as the US government shutdown hobbles any strengthening of the Buck. Currently, I expect .DXY should respect support near 90.4-90.5 as seen on daily lines and try moving up to resistance near 91.5-92 on the budget […]

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing New, USD struggling. PE US Dollar (.DXY) Index at 90.504 dropped after marking a high at 91 Thursday, and seeking support n 90.4-90.5 on daily lines. Note: The last 2 days have seen US yields rise to multi-year highs, thereby reflecting a possible shift in investment from debt to […]

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Keep your eyes on EUR/JPY, plus USD fell on the back of a report that China is considering reducing or halting its purchase of US government debt. PE EUR/JPY at 133.30 saw a low just below 133 Wednesday, it can bounce to 133.70-90 near term, there are increasing chances […]

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD gained traction on positive signs of inflation. PE .DXY at 92.267 moved up, and may to be on course to test 92.5-92.75 the near term resistance on the 3-Day candles and 3-Day lines. EUR (Euro) at 1.1971 broke below 1.20, which could now move down to Key support near […]

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD fails to gain traction despite positive signs of inflation. PE EUR (Euro) at 1.2077 held above the 1.1997 support Friday and may move up to 1.2150, while trading  above 1.20. A clear break below 1.20 sets up test to 1.19, but not negating rise to 1.2150. USD/JPY at […]

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $CNY, $AUD Commentary: Y 2018 has started on a weak note for USD (.DXY). PE EUR (Euro) 1.2077 held above support at 1.1997 Thursday and may move to 1.2150, while trading above 1.20. A clear break below 1.20 sets up test of support at 1.19, delaying, but not negating move to 1.2150. USD/JPY […]

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP Commentary: Most currencies may go quiet over the next few days, headed into the Christmas Holidays. PE The US Dollar (.DXY) Index at 93.355 saw a low of 93.16 Wednesday, and currently trading 93.35, slowly approaching 93. Likelihood of .DXY staying in the 93.0-93.5 range during the Holiday season is […]

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP Commentary: Most currencies may go quiet over the next couple of days, headed into the Christmas Holidays. While the EUR and GBP look potentially weak, the JPY and AUD look potentially strong. PE The US Dollar (.DXY) Index at 93.43 dipped Tuesday after testing resistance near 94 on the 3 day candles […]

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP Commentary: Most currencies may go quiet over the next couple of days, headed into the Christmas Holidays. While the EUR and GBP look potentially weak, the JPY and AUD look potentially strong. PE EUR (Euro) 1.1786 continues to trade above support at 1.1750, its failure to build on its rise […]

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP Commentary: Fed hiked rates 0.025 bpt Wednesday, ECB, BOE stand pat Thursday. PE The US Dollar (.DXY) Index at 93.56 tapped a low of 93.28 Thursday post Fed rate hike but has been trading slightly higher post the ECB announcement that they will be continuing their asset purchase program till Sept […]

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP Commentary: USD weakness halted. PE The US Dollar (.DXY) Index at 93.823 has continued its rise towards resistance at 94.00 on the 3 day candles and the daily line. There could be a dip after touching 94.00 or else, in case of a breach of 94.00, it will test resistance at 94.4-94.5 on […]

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP Commentary: USD weakness persists . PE The US Dollar (.DXY) Index at 93.279 marked a high of 93.49 Tuesday and closed at 93.32, just above resistance on the daily. .DXY is currently trading at levels around 93.28 and could move up to resistance at 93.75-93.80 on the 3 day, while it stays […]

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP Commentary: USD weakness persists . PE The US Dollar (.DXY) Index at 93.043 reached a high of 93.36 Monday, and closed lower at 93.08 and is currently trading around similar levels. This might reflect a hold of resistance near term, with a dip towards immediate support at 92.75-92.80 likely this week. EUR […]

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP Commentary: USD weakness persists seems to have halted on The Trump Tax Cuts. PE The US Dollar (.DXY) Index at 93.109 dropped Friday to a low of 92.6 during intra-day, and closed at 92.89. However, the index is again trading at levels seen prior to Friday, boosted by the late night corporate […]

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP Commentary: USD weakness persists seems to have halted. PE The US Dollar (.DXY) Index at 93.108 trading marginally lower Thursday, might move beyond resistance on daily charts around 93.40 if there is sustainability in .DXY’s strength. Note: The possibility of a move South to 92.50-92.75 in case of a weak USD is […]

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP Commentary: USD weakness persists seems to have halted. PE The US Dollar (.DXY) Index at 93.221 bounced from support near 92.50-92.70 with 3 days of continuous rise. The markets have thus shrugged off the possibility of further immediate USD weakness and we could see the index trading between a range of 92.25 […]

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP Commentary: USD weakness persists. PE US Dollar (.DXY) Index at 92.908 saw a low of 92.49 Monday, but has stayed above support near 92.70 and currently trades at 92.90, indicating possibility ranged action within 92.80 to 93.00 in the next 2 sessions, before it moves up into the end of the week. […]

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing New. PE The US Dollar (.DXY) Index at 94.05 has near term channel support near 93.50/60, while that holds, the Southside looks limited in ere. While trading above 93.50/60 .DXY could move up towards 94.50-95.00 soon. Near term looks Bullish to me. EUR (Euro) at 1.1735 could […]

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD, $CNY Commentary: USD Still Under Pressure. PE EUR (Euro) at 1.1817 broke above the down channel seen in the 3-day and weekly candle. While trading above 1.1780-1.1800, there is room of testing higher at 1.1850-1.1900 before again coming off to 1.17 or lower medium term. USD/JPY at 112.50 could test […]

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