Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 94.73 dipped from resistance near 95, and now a dip to support 94.0-94.2 is possible in here. EUR (Euro) at 1.1682 broke below the 21-Day MA at 1.16 Friday, but is trading above it now. Another week of range trade within 1.175-1.16 could follow. USD/JPY […]

Australian Dollar: USD/AUD (AUD=X) Focus on RBA’s Meeting Minutes

Australian Dollar: USD/AUD (AUD=X) Focus on RBA’s Meeting Minutes

Australian Dollar: USD/AUD (AUD=X) Focus on RBA’s Meeting Minutes The Aussie found support in equities, settling against its American rival at 0.7423, as Wall Street closed the week with solid gains, offsetting the sour tone of base metals amid concerns related to the escalating trade war between the US and China. The pair, however, has […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 94.83 could turn Bullish to 95 if trade war rhetoric continues to rise. Being cautious .DXY in here and would wait for a break below 1.165 and then below 1.16 on the EUR before inferring a Bullish DXY for the next few weeks. Currently, […]

Australian Dollar: USD/AUD (AUD=X) risks a visit of 0.7300

Australian Dollar: USD/AUD (AUD=X) risks a visit of 0.7300

Australian Dollar: USD/AUD (AUD=X) risks a visit of 0.7300 The Aussie Dollar could slip back to the 0.7300 handle in the next weeks. Key Quotes 24-hour view: “While we expected a lower AUD yesterday, the rapid decline that took out the strong 0.7380 support was not exactly anticipated. The pressure is still clearly on the downside but […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 94.76 seeing some resistance 94.85, which could produce a dip. If it crosses 94.85, then it could again test 95 yet this week Note: The US CPI data release today would be important stronger than expected CPI inflation would strengthen .DXY. EUR (Euro) at […]

Australian Dollar: USD/AUD (AUD=X) will Resist Further Downside Pressure

Australian Dollar: USD/AUD (AUD=X) will Resist Further Downside Pressure

Australian Dollar: USD/AUD (AUD=X) will Resist Further Downside Pressure Forecasts from analysts at the world’s largest FX dealer, Citibank, suggest the Aussie is likely to resist further downside pressure during the months ahead. The findings are published here as the Australian Dollar suffers a bout of selling owing to another salvo in the global trade […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 94.19 could move to support at 94 Wednesday. A clear break below 94 for .DXY correspond with a break above 1.176 for EUR. If that happens ,DXY could become Bearish to 93.44. EUR (Euro) at 1.1731 saw 1.169 and bounced to 1.174. If it moves […]

Australian Dollar: USD/AUD (AUD=X) Draws Support from Fading Trade War Chatter

Australian Dollar: USD/AUD (AUD=X) Draws Support from Fading Trade War Chatter

Australian Dollar: USD/AUD (AUD=X) Draws Support from Fading Trade War Chatter – Aussie is dependent on open trade for its commodities – Fading risks of war have supported AUD’s recent recovery – Yet monetary policy and technical risks overshadow bullish talk A global trade war would hurt commodity-export-dependent Australia and the fallout would weaken the […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 93.7 and bounced. The 34 days MA near 94.3 is next resistance. But, my preference is a move South to 93.44 in here. EUR (Euro) at 1.1752 at rose to 1.179 Monday but faded to 1.175. There is support at 1.173-1.174, after test there the […]

Australian Dollar: USD/AUD (AUD=X) Will the Rally Last?

Australian Dollar: USD/AUD (AUD=X) Will the Rally Last?

Australian Dollar: USD/AUD (AUD=X) Will the Rally Last? Movements in the Aussie look set to be determined by sentiment and technicals given a quiet economic calendar. There’s few releases of note in Asia with German trade and current account figures, Eurozone investor sentiment and US consumer credit the only real highlights in the second half […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 93.92 weakened Friday due on the beginning of the US-China trade dust-up, .DXY has some support 93.8 on daily lines, seeing 93.2 come soon. EUR (Euro) at 1.1761 strengthened past resistance near 1.172 and could now move up to 1.185. The early part of this week […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 94.43 will see support at 94.3, then .DXY could weaken towards 93.3-93.0. If the trade negotiation chatter heaths up then .DXY could strengthen towards 95.5 as a safe haven. Right now seeing .DXY falling to 93. EUR (Euro) at 1.1687 looks to want to […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 94.524 strength could react to the release of FOMC minutes later Thursday. Given that the policy statement was Hawkish, any deviation from that stance in the minutes could weaken .DXY to 94.3. The 3 day line chart reflects room for an up-move to […]

USD/AUD (AUD=X) sits near the lower end of its daily trading range

USD/AUD (AUD=X) sits near the lower end of its daily trading range

USD/AUD (AUD=X) sits near the lower end of its daily trading range Dollar softer amid lingering trade war fears China central bank to keep yuan stable, helping cool-off market Canada dollar gains on manufacturing data, higher oil prices Mexico peso jumps on soothing words from president-elect U.S. holiday seen thinning trade Major currencies marked time […]

USD/AUD (AUD=X) Ready for a Bounce to Channel Top?

USD/AUD (AUD=X) Ready for a Bounce to Channel Top?

USD/AUD (AUD=X) Ready for a Bounce to Channel Top? AUD/USD TECHNICAL ANALYSIS: BEARS BE WARNED The Australian Dollar is struggling to get a daily close below 2017 support Positive RSI divergence warns that the pair may turn higher in the near-term A bounce would place the upper line of a descending channel as resistance The Australian Dollar has made […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Again, .DXY weakened, EUR strengthened. PE The US Dollar (.DXY) Index at 94.90: Support for .DXY at 94.5-94.2 held well Monday as it is rising back to 95, and may see 95.2 Tuesday. EUR (Euro) at 1.1632 the single currency has been ranged within 1.1508-1.1721 the 2 of weeks. The bias has been to the Southside […]

USD/AUD (AUD=X) retreats farther away from 0.74 mark

USD/AUD (AUD=X) retreats farther away from 0.74 mark

USD/AUD (AUD=X) retreats farther away from 0.74 mark The AUD/USD pair came under some renewed selling pressure at the start of a new trading week and eroded a part of Friday’s strong up-move. The pair struggled to sustain/build on its momentum further beyond the 0.7400 handle and now seems to have stalled last week’s goodish recovery move […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Again, .DXY wedkened, EUR strengthened. PE The US Dollar (.DXY) Index at 94.71, seen testing support at 94.5 on daily lines and candles. 94.2 is also an important support mark which could slow the current fall in .DXY. A break below 94.2 would be Bearish near term. EUR (Euro) at 1.1656): A migration deal […]

USD/AUD (AUD=X) tied to Chinese data and risk sentiment

USD/AUD (AUD=X) tied to Chinese data and risk sentiment

USD/AUD (AUD=X) tied to Chinese data and risk sentiment Chinese manufacturing growth slowed, could hit the AUD. AUD/USD strong resistance at 0.7440, upward chances increase beyond it. The AUD/USD pair edged sharply higher on Friday and settled at 0.7407, anyway down weekly basis. The Aussie found support on a broadly weaker dollar, hit by profit-taking […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Again, .DXY strengthened, EUR weakened. PE The US Dollar (.DXY) Index 95.29 could see a dip to 95.00-94.75 Friday, and next week, it could rise from support at 94.75 back to 95.5 and … EUR (Euro) at 1.1570 has seen a high at 1.1601-1.1617 over Thursday and Friday. There is resistance at 1.162 and […]

USD/AUD (AUD=X) bulls attempting a minor correction

USD/AUD (AUD=X) bulls attempting a minor correction

USD/AUD (AUD=X) bulls attempting a minor correction AUD/USD is making a minor recovery and testing the hid point of the .73 handle from lows of 0.7329 as the downtrend deteriorates a touch away from the support of the descending channel and yesterday’s lows (lowest levels since Jan 2017). AUD/USD has been in a tailspin of dollar […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Again, .DXY strengthened, EUR weakened. PE The US Dollar (.DXY) Index at 95.24 saw a high at 95.4 Wednesday and could test resistance at 95.6 on the 3 -Day line this week. Next week could see a breach of this resistance then see 96, as EUR moves below 1.15. EUR (Euro) at 1.1567 […]

USD/AUD (AUD=X) shows potential decline

USD/AUD (AUD=X) shows potential decline

USD/AUD (AUD=X) shows potential decline Bears dominated the AUD/USD currency pair on Tuesday. This downside momentum began after the rate hit a resistance cluster formed by the 55– hour simple moving average and the weekly pivot point near the 0.7415 mark. Given that the pair has revealed new downtrend channel, it is likely that the journey south […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: .DXY strengthened, EUR weakened. PE The US Dollar (.DXY) Index at 94.62, support for .DXY 94.1-94.2 held Tuesday and it is now bouncing to 95.0-95.5. EUR (Euro) 1.1655 came down from resistance at 1.1720-50 Tuesday. It may break below support at 1.1650-30 yet this week, which would make it Very Bearish. But, if the […]

USD/AUD (AUD=X) bewildered by Trump trade confusion

USD/AUD (AUD=X) bewildered by Trump trade confusion

USD/AUD (AUD=X) bewildered by Trump trade confusion The Australian and New Zealand dollars flatlined on Tuesday as White House officials sowed confusion about their trade intentions toward China, leaving the market in a holding pattern for now. The Aussie dollar was steady at $0.7411, after drawing bids around $0.7397 overnight. It had retreated from a […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: .DXY weakened, EUR stronger. PE The US Dollar (.DXY) Index at 94.195 has moved lower to support 94.1-94.0. Prefer this support to hold, if it does not, the next target is 93. EUR (Euro) at 1.1717 moved past the 21-Day MA at 1.167 Monday and will likely test trendline resistance at 1.1725, if […]

USD/AUD (AUD=X) US Dollar falls to 2-week low vs yen on renewed trade tensions

USD/AUD (AUD=X) US Dollar falls to 2-week low vs yen on renewed trade tensions

USD/AUD (AUD=X) US Dollar falls to 2-week low vs yen on renewed trade tensions Dollar/yen sags after on latest round of trade tensions US plans to limit Chinese investments in US tech firms -WSJ Lira trims gains after rallying on Turkey president vote win Commodity-linked currencies slip as oil rally runs out of steam The […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: .DXY weakened, EUR stronger? PE The US Dollar (.DXY) Index at 94.52 has support near 94.25-94.00, and may move to this mark this week, as EUR may rises to 1.17. EUR (Euro) at 1.1656 moved up Friday, testing at 1.1675, next resistance 1.167, and on a clear break see 1.170-1.175 and then […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: .DXY weakened, EUR weakened. PE The US Dollar (.DXY) Index at 94.86, 1st support 94.5, likely will test next week. But, while it trades above 94.5 it may see 95.5 again in here EUR (Euro) at 1.1603 dipped to 10 months lows Thursday at 1.1508, and bounced to 1.16. If it breaks 1.162, […]

USD/AUD (AUD=X) bulls waking up after fresh 2018 low at 0.7345

USD/AUD (AUD=X) bulls waking up after fresh 2018 low at 0.7345

USD/AUD (AUD=X) bulls waking up after fresh 2018 low at 0.7345 AUD/USD reached a new 2018 low at 0.7345 this Thursday as the market almost reached the May 9, 2017 swing low at 0.7327. AUD bulls are now trading above the hourly 50-period simple moving average as they are trying to form a double bottom with Tuesday’s […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: .DXY strengthened, EUR weakened. PE The US Dollar (.DXY) Index at 95.15 is moving to resistance at 95.5-95.6 on the 3-Day line, next week? EUR (Euro) 1.1574 tested to 1.155-1.153 Wednesday and has dipped to 1.156. While the single currency trades above 1.153, it might rise to 1.16 today. A clear break below […]

USD/AUD (AUD=X) could slip back to 0.7330/0.7300

USD/AUD (AUD=X) could slip back to 0.7330/0.7300

USD/AUD (AUD=X) could slip back to 0.7330/0.7300 The Aussie Dollar could drop to the 0.7330/0.7300 band vs. the greenback in the next weeks. Key Quotes 24-hour view: “AUD hit a fresh 2018 low of 0.7347 before rebounding quickly. The combination of oversold condition and waning momentum suggests low risk of a break below 0.7345/50. While a […]

USD/AUD (AUD=X) Charts Highlight Nearby Price Support

USD/AUD (AUD=X) Charts Highlight Nearby Price Support

USD/AUD (AUD=X) Charts Highlight Nearby Price Support The Australian Dollar has plummeted more than 9% off the yearly highs (nearly 6% year-to-date) with the decline now approaching initial support targets of interest. While the immediate risk remains lower in the Aussie, we’re on the lookout for near-term exhaustion in price. These are the updated targets & invalidations […]

USD/AUD (AUD=X) continues to slide

USD/AUD (AUD=X) continues to slide

USD/AUD (AUD=X) continues to slide The Australian dollar remains under pressure, undermined by renewed trade tensions between the United States and China. The AUD/USD currently sits at a 6-week low after falling 2.1% last week. The economic data calendar is quiet today, although the ECB’s annual central banking forum from Sintra, Portugal, gets underway. Chinese […]

USD/AUD (AUD=X) hits new lows as commodities break

USD/AUD (AUD=X) hits new lows as commodities break

USD/AUD (AUD=X) hits new lows as commodities break The Australian dollar has slipped a little further against its US counterpart as the spat between the US and China over trade hurts commodities and commodity currencies, including the Aussie. At 0635 AEST on Monday, the Australian dollar was worth 74.46 US cents, down from 74.57 US […]

USD/AUD (AUD=X) breaks below 0.7500 level, worst daily decline since mid-March

USD/AUD (AUD=X) breaks below 0.7500 level, worst daily decline since mid-March

USD/AUD (AUD=X) breaks below 0.7500 level, worst daily decline since mid-March AUD/USD broke below 0.7500 and is continuing the free fall. The next likely support is located at 0.7476 May 29 swing low and at 0.7412 May’s low. AUD/USD is probably en route to its worst daily decline since mid-March, this Thursday. However, if the Aussie […]

USD/AUD (AUD=X) Looks For Traction From Stronger Employment Growth, Lower Unemployment

USD/AUD (AUD=X) Looks For Traction From Stronger Employment Growth, Lower Unemployment

USD/AUD (AUD=X) Looks For Traction From Stronger Employment Growth, Lower Unemployment The Australian Dollar rose against a majority of developed world currencies Wednesday, recovering from an overnight slump, as traders took up positions ahead of the latest volley of labour market data from down under that is due for release at 02:30 am London time […]

USD/AUD (AUD=X) Still Attracting Buyers

USD/AUD (AUD=X) Still Attracting Buyers

USD/AUD (AUD=X) Still Attracting Buyers Improved market’s mood helped the Aussie erase its early losses against the greenback, triggered by disappointing local data. The AUD NAB’s Business confidence index plunged to 6 in May, while the Business Conditions index fell to 15, both well below their April figures and missing market’s forecast. The AUD/USD pair fell […]

USD/AUD (AUD=X) Target 0.7920

USD/AUD (AUD=X) Target 0.7920

USD/AUD (AUD=X) Target 0.7920 The Australian dollar is back under pressure as the region’s trade balance surplus slips to A$977M from a revised A$1731M in March, and the lackluster development may keep the Reserve Bank of Australia (RBA) on the sidelines at the next meeting in July as officials express ‘concerns about the direction of international trade […]

USD/AUD (AUD=X) Heffx Daily Technical Outlook

USD/AUD (AUD=X) Heffx Daily Technical Outlook

USD/AUD (AUD=X) Heffx Daily Technical Outlook Overall, the bias in prices is: Downwards. The projected upper bound is: 0.77. The projected lower bound is: 0.75. The projected closing price is: 0.76. Candlesticks A black body occurred (because prices closed lower than they opened). During the past 10 bars, there have been 4 white candles and […]

USD/AUD (AUD=X) Continuation of a Bearish Trend

USD/AUD (AUD=X) Continuation of a Bearish Trend

USD/AUD (AUD=X) Continuation of a Bearish Trend Overall, the bias in prices is: Downwards. The projected upper bound is: 0.76. The projected lower bound is: 0.74. The projected closing price is: 0.75. Candlesticks A white body occurred (because prices closed higher than they opened). During the past 10 bars, there have been 5 white candles […]

USD/AUD (AUD=X) Bullish Divergence

USD/AUD (AUD=X) Bullish Divergence

USD/AUD (AUD=X) Bullish Divergence Overall, the bias in prices is: Downwards. By the way, prices are vulnerable to a correction towards 0.77. The projected upper bound is: 0.77. The projected lower bound is: 0.74. The projected closing price is: 0.75. Candlesticks A white body occurred (because prices closed higher than they opened). During the past […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: Pressure on the Buck. PE US Dollar (.DXY) Index -0.4% to 92.70 $EURUSD +0.58% at 1.1921 $GBPUSD -0.18% to 1.3518 $USDCHF -0.21% to 1.0027 $USDJPY -0.27% to 109.41 $USDCNY -0.23% to 6.344 US Consumer Price Index (CPI) increased 0.2% in April, less than the 0.3% rise projected. Naturally, there […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: USD still holding strong on hawkish Fed statement. PE The US Dollar (.DXY) Index at 92.38 saw highs at 92.8 after the Fed expressed positivity regarding future inflation this week. Note: If .DXY dips below 92.3 Friday, could then move to 92.0-91.5 and resume its uptrend. The next target […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY Commentary: Sing. closed for holiday PE Currency Markets US close Monday US Dollar Index +0.3% at 91.77 $EURUSD -0.31% to 1.2087 $GBPUSD -0.07% to 1.3765 $USDCHF +0.26% at 0.9899 $USDJPY +0.17% at 109.22 $USDCNY Unch at 6.332 EUR (Euro) The single currency unit received little support from the German CPI report […]

USD/AUD (AUD=X) Technicals Suggest Currency Consolidating

USD/AUD (AUD=X) Technicals Suggest Currency Consolidating

USD/AUD (AUD=X) Technicals Suggest Currency Consolidating Overall, the bias in prices is: Downwards. By the way, prices are vulnerable to a correction towards 0.77. The projected upper bound is: 0.77. The projected lower bound is: 0.74. The projected closing price is: 0.75. Candlesticks During the past 10 bars, there have been 2 white candles and […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD trading above Key resistance. PE The US Dollar (.DXY) Index at 91.17 breached 90.5-91.0, the Key resistance zone. This strengthening of USD was aided by the move in US yields on the positivity around US GDP. Note: The ECB meeting later Thursday could be important. Any increase in Hawkishness […]

USD/AUD (AUD=X) Bearish Trend Consolidating

USD/AUD (AUD=X) Bearish Trend Consolidating

USD/AUD (AUD=X) Bearish Trend Consolidating Overall, the bias in prices is: Downwards. The projected upper bound is: 0.77. The projected lower bound is: 0.75. The projected closing price is: 0.76. Candlesticks A black body occurred (because prices closed lower than they opened). During the past 10 bars, there have been 3 white candles and 6 […]

USD/AUD (AUD=X) Oversold

USD/AUD (AUD=X) Oversold

USD/AUD (AUD=X) Oversold Overall, the bias in prices is: Downwards. The projected upper bound is: 0.77. The projected lower bound is: 0.75. The projected closing price is: 0.76. Candlesticks A white body occurred (because prices closed higher than they opened). During the past 10 bars, there have been 4 white candles and 5 black candles […]

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 […]

USD/AUD (AUD=X) Heffx Daily Technicals

USD/AUD (AUD=X) Heffx Daily Technicals

USD/AUD (AUD=X) Heffx Daily Technicals Overall, the bias in prices is: Downwards. The projected upper bound is: 0.78. The projected lower bound is: 0.75. The projected closing price is: 0.77. Candlesticks A big black candle occurred. This is bearish, as prices closed significantly lower than they opened. If the candle appears when prices are “high,” […]

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 […]

USD/AUD (AUD=X) Aussie Currency Consolidating

USD/AUD (AUD=X) Aussie Currency Consolidating

USD/AUD (AUD=X) Aussie Currency Consolidating Overall, the bias in prices is: Sideways. Short term: Prices are stalling. Intermediate term: Prices are ranging. The projected upper bound is: 0.79. The projected lower bound is: 0.76. The projected closing price is: 0.78. Candlesticks A white body occurred (because prices closed higher than they opened). During the past […]

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 […]

USD/AUD (AUD=X) Currency Consolidating on the Daily Charts

USD/AUD (AUD=X) Currency Consolidating on the Daily Charts

USD/AUD (AUD=X) Currency Consolidating on the Daily Charts Overall, the bias in prices is: Downwards. Short term: Prices are stalling. Intermediate term: Prices are ranging. By the way, prices are vulnerable to a correction towards 0.78. The projected upper bound is: 0.78. The projected lower bound is: 0.76. The projected closing price is: 0.77. Candlesticks […]

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 […]

USD/AUD (AUD=X) Aussie Dollar Consolidating

USD/AUD (AUD=X) Aussie Dollar Consolidating

USD/AUD (AUD=X) Aussie Dollar Consolidating Overall, the bias in prices is: Downwards. Short term: Prices are stalling. Intermediate term: Prices are ranging. By the way, prices are vulnerable to a correction towards 0.78. The projected upper bound is: 0.78. The projected lower bound is: 0.75. The projected closing price is: 0.77. Candlesticks A white body […]

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 […]

AUD/USD (AUDUSD=X) Further Downward Momentum

AUD/USD (AUDUSD=X) Further Downward Momentum

AUD/USD (AUDUSD=X) Further Downward Momentum  Overall, the bias in prices is: Downwards. Short term: Prices are stalling. Intermediate term: Prices are ranging. By the way, prices are vulnerable to a correction towards 0.78. The projected upper bound is: 0.78. The projected lower bound is: 0.75. The projected closing price is: 0.77. Candlesticks A white body […]

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. […]

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