Directionally Confused? Some people just know which direction is North, even if you blindfold them and spin them in an office chair, while others struggle to keep “right” and “left” separate. It seems like it must be something that some people born with, and it. What we call a “sense of direction” is really a […]
Gallup: Americans Satisfaction with US Direction Highest Since 2005 It’s good to be an American. At least, that’s what 38% of Americans said, according to a new Gallup poll. The number hasn’t been that high since Y 2009, when 39% said they are happy with our country’s direction. Many more Republicans than Democrats said they […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: The political turmoil in Italy seems to have spurred the demand for USDs. PE US Dollar (.DXY) Index 94.95 tapped 95 Tuesday, now USD should dip. If it breaks 95.63, then we will look for higher marks. Wednsday a dip to 94.6 could happen before another rise to 95. […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: Nothing new. PE US Dollar (.DXY) Index at 94.347 tested support near 93.86, then bounced to 94.50, thus testing resistance trendline. If breaks support near 94.10 in here, then see 93.6, which should then produce a bounce for a test at 95, seeing the cap at 95.00-95.65. EUR (Euro) at […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: Nothing new. PE The US Dollar (.DXY) Index at 93.921 tested support at 93.6 Thursday. While trading above 93.7, it should test at 94 again and then perhaps to 94.2-94.4, them dip to 94. The Northside cap is 95.00-95.65. EUR (Euro) at 1.1710 rose to 1.175 Thursday and dipped, may see […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: The release of FOMC’s May dovish minutes seems to have had opposite effects on USD strength and US yields. While a stronger indication of a rate hike in June imparted strength to USD, its tolerance for inflation above 2% pushed yields down. PE The US Dollar (.DXY) Index at […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: Nothing new. PE The US Dollar (.DXY) Index at 93.65 tested support at 93.29 Tuesday and now seems to be rising from there back towards 94. A deeper correction towards the 5 Wk MA 93.0-93.5 is on the cards, which might happen after a retest of 94. If so, the Northside target at 95 […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: Nothing new. PE The US Dollar (.DXY) Index at 93.57 made a new high of 94.06 Monday dipped, and is currently trading at 93.4-93.5. There are still good chances of .DXY testing at 95 in this week or next. EUR (Euro) at 1.1782 could either dip from here, or could extend North […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: Nothing new. PE The US Dollar (.DXY) at 93.79 saw a high near 93.8 Friday and is continuing to trade there. A dip might be restricted support at 93.4-93.5. There is a good chance of a .DXY test at 95 in this week or next week. EUR (Euro) at 1.1753 […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: Nothing new. PE The US Dollar (.DXY) at 93.45 marked a low at 93.12 Thursday but did not test support at 93.25-93.00, that test could happen next week, then after .DXY should move to 94-95 where is will likely be capped. EUR (Euro) at 1.1804 marked a high at 1.1837 […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: Pressure on the Buck is up. PE The US Dollar (.DXY) at 93.12 is dipping after testing at 93.6 Wednesday. It could dip further towards support on daily at 93 before resuming its uptrend. It should target 94-95 yet this month. EUR (Euro) at 1.1831 dipped to a low of 1.1763 […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: Pressure on the Buck is up. PE The US Dollar (.DXY) at 93.30 moved up after the benchmark US 10yr T-Note Year yield rose past 3% Monday. This was in response to US Retail Sales data. Note: .DXY moved up from the 13-Day MA at 92.5 to a high near 93.46. […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: Pressure on the Buck up and down. PE US Dollar (.DXY) Index at 92.64 saw support at the 13-Day MA and moved back to 92.6. Note: The markets await the Retail Sales data Tuesday. If it turns out to be higher than expected, it could take yields higher and lend […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: Pressure on the Buck. PE US Dollar (.DXY) Index at 92.43 testing to the 13-Day MA at 92.45, it may see some support. If it dips below 92.4-92.3, it could test the 21-Day MA at 91.6 and then move up or down from there. EUR (Euro) at 1.1962 is trading […]
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 $DXY, $EUR, $GBP, $JPY Commentary: Nothing new. PE The US Dollar (.DXY) Index at 92.99 dipped Wednesday from 93.3-93.4 to92.8-92.9. It should rise back up towards 93.5 again by Friday. .DXY on the 1 hr chart)could be in the last leg of its 5 wave move from 89.23. This last leg may quit near 93.70-94.50. […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: Nothing new. PE The US Dollar (.DXY) Index at 93.18 did not dip to 92.4-92.5 Tuesday, it rose to a high near 93.28 and is currently trading near 93.2, our projection for .DXY is coming close to its medium term target of 94-95 in the next 1-2 weeks may […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: Nothing new. PE The US Dollar (.DXY) Index at 92.76 saw a high at 92.97 Monday, and it could test 92.4-92.5 Tuesday before rising again. The next 1-2 weeks might well see .DXY come close to its medium term target at 94-95. EUR (Euro) at 1.1925 did not rise towards […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: Nothing new. PE The US Dollar (.DXY) Index at 92.474 marked a low of 92.35 Friday but has risen from there, while it trades below 92.5, it can range with 92.5-92.3 for a while, if .DXY trades below 92.3, it could test 92.0-91.50. A clear break of 92.5 […]
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 $DXY, $EUR, $JPY Commentary: USD stronger on Fed statement. PE The US Dollar (.DXY) Index at 92.58 saw a high near 92.8 Wednesday, as the Fed maintained stood pat noting inflation is moving higher. This Hawkish stance might have pushed .DXY to 92.8, but it is again trading near 92.5-92.6 now. Near term see […]
Forex Morning Briefing $DXY, $EUR, $JPY Commentary: Asian and EU markets open. PE The US Dollar (.DXY) Index at 92.3650 has risen to 92.5, and may see resistance here for a few sessions. Note: The next few sessions could also depend upon the perception of the FOMC’s stance in its meeting later today. Although a rate […]
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 […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD trading above Key resistance. PE The US Dollar (.DXY) Index at 91.535 broke Key resistance marks in the past week and could now target 92.5 as seen on the daily lines. EUR (Euro) at 1.2111 breaking below 1.215 and testing a low at 1.2096 Thursday the downtrend looks […]
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 […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD trading above Key resistance. PE The US Dollar (.DXY) Index at 90.845 has come off from 91 and continues to trade above Key resistances on the daily lines near 90.50-90.75. It could struggle there and turn Bearish near term. Note: The recent up move in US Treasury […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Seeing strength ahead for USD. PE The US Dollar (.DXY) Index at 90.907 saw at high at 91.08 breaking Key resistance on the daily lines 90.50-90.75. If this break holds it could mean medium term Bullishness, we will see. EUR (Euro) at 1.2207 saw a low of 1.2185 and […]
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 $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Seeing some strength ahead for USD. PE The US Dollar (.DXY) Index at 89.95 has risen past resistance at 89.8 and could now test at 90.00-90.25, after which it could dip back to 89.50-89.25. EUR (Euro) at 1.2340 is testing at 1.233-1.235 and could dip lower to support near […]
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 $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Seeing continuing weakness ahead for USD. PE The US Dollar (.DXY) Index at 89.51 marked a low at 89.23 Tuesday testing support at 89.25, and now see 89.8 as 1st resistance. Higher resistance is at 90.0-90.5, if it marks there will produce a dip. EUR (Euro) at 1.2377 […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD seeing continuing weakness in here. PE The US Dollar (.DXY) Index at 89.42 dipped from 89.7-89.8 to 89.4 and could go to support at 89.25 yet this week. Monday US Retail Sales data came in higher than expectation but did not lend any strength to USD. EUR (Euro) […]
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 $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 $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 $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 89.6 has broken below support in the daily line. And now likely to test support on daily candle and weekly line near 89.25 by in the next few sessions. The US CPI data release is unlikely to have any […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 89.89 dipped deeper after testing resistance at 90.5-90.6 last week. The 13-Day and 21-Day MA lines on the daily lines could provide some interim support near present marks. On a clear break of the MAs, the next Southside […]
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 $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 $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 $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 90.077 marked a high at 90.28 Tuesday breaching resistance at 90.10..DXY is trading near 90.10 now. It might move to resistance near 91 in here. EUR (Euro) at 1.2281 marked a low at 1.2254 day Tuesday testing 1st […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 89.99 sees 1st resistance 90.10-90.15. A breach of that would mean a test of higher resistance at 91 and a fall after. EUR (Euro) at 1.2307 marked a low of 1.2282 Monday and might fall to 1.225 this […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing new. PE The US Dollar’s (.DXY) Index at 89.96 downward could get confirmed if it dips from here. Some resistance could be provided by the 13-Wks MA on the weekly line, but a breach there means a test of higher resistance near 91 and then a […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Some very strong bets are being tested given the market has been focused on stronger EUR, GBP and JPY story-lines for some time. This current USD move will either prove to be a brilliant opportunity to rejoin the battle aka short USD trade or a super moment […]
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 $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 $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD looks weak in here. PE The US Dollar (.DXY) Index at 89.43 is trading near major support at 89.3-89.5. It has not been able to break below 89.40 in the last 4 weeks. But, now after US President Trump’s trade restrictions announcement last week, could see […]
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 $DXY, $EUR, $JPY, $GBP, $AUD Commentary: The US Fed raised the benchmark funds rate from 1.5% to 1.75% and struck a less Hawkish tone in the press conference that followed, by signaling only 2 more rate hikes in Y 2018, this moderation in Hawkishness has caused USD to weaken. PE The US Dollar […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD showing some strength. PE Note: The importance of the FOMC meeting policy outcome Wednesday where a rate hike of 25 bpts is expected. Whether a rate hike and a possible rise in US yields subsequently are positive for USD strength or not will have to be seen, […]
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 $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 90.282 is close to 1st resistance now. A lot could depend on the FOMC meeting this week, where a rate hike is expected. My preference is for the negative correlation to continue and for USD to dip. EUR (Euro) at […]
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 $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD weakening Vs majors peers.PE The US Dollar (.DXY) Index at 89.665 broke of support at 89.75 and over the course of the next week, it may move South to 89.2-89.0. This is Key support, a clear break there could lead to medium term Bearishness. EUR (Euro) at 1.2378 […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: The CPI negates quicker rate hikes by the Fed this year, lead to USD weakening Vs majors peers.PE The US Dollar (.DXY) Index at 89.58 has broken 1st support at 89.75 and might now move further down to 89.2-89.0. This is Key support, a break there leads […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Some Key US data are coming, which may impact .DXY and the Euro. PE The US Dollar (.DXY) Index at 89.918 after strengthening last week due to the ECB chief’s Dovish stance is now dropping, 1st support at 89.75, which could be tested in here before a […]
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 $DXY, $EUR, $JPY, $GBP, $AUD Commentary: ECB Dovish policy stance weakens EUR: PE The Dollar (.DXY) Index at 90.218 moved North on the weakening EUR, and 1st resistance is seen at 90.5. If breached, next resistance is at 91 on 3 day and weekly lines. The Bank of Japan policy decision may impact USD. […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 89.596 there is Key long term support level on the weekly lines at 89.0-89.5. The ECB and Bank of Japan meeting this week may push .DXY to 88. If the ECB makes a slight step forward in the direction of […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 89.517 broke support on the daily lines, and saw a low at 89.43 Tuesday. It is currently trading near 89.5 and the next major long term support is at 89.0-89.5. There is the possibility for support at 88 to be […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 89.966 looks to be seeing getting some support near 90 by the 13 days and 21-Days MA lines on daily lines, and also by the 5 Wks MA line on the weekly line. These supports may not hold […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: President Trump’s ‘trade wars are good’ comment has weakened USD. PE The US Dollar (.DXY) Index at 89.93) tested resistance near 91 by seeing a high at 90.93, and has faded. There is support for .DXY at current marks; provided by the 13 days and 21-Days MA lines […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD ready for a run North? PE The US Dollar (.DXY) Index marked a double bottom on 6 February 16 at 88.20, posting a 3-year low. Note: The double bottom reversal is a Bullish pattern indicating further gains on the price action as the .DXY moved […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 90.712 has breached resistance at 90.5, and may now attempt a test of 2 stronger resistances at 91, and at 91.5, which should produce a fall for .DXY soon. EUR (Euro) at 1.219 dipped below 1.22 and […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: The new US Fed Chairman Jerome Powell Tuesday re affirmed the Fed’s plans of gradual rate hikes in Y 2018 due to strong confidence in rising US growth and inflation, thus he injected temporary strength for USD.PE The US Dollar (.DXY) Index at 90.412 is close to […]
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 $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing New. PE The US Dollar (.DXY) Index at 89.722 tested resistance on the daily candles at 90.1-90.2 last week and if the ranged action of the last 3 wks continues, it is likely to dip this week to 1st support 88.25 on the daily candles . EUR […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing New. PE The US Dollar (.DXY) Index at 89.836 has ranged between 88.5 – 90.5 for the last 3 weeks, if the same ranging continues, Southside target could be the support at 88.25-88.50. Note: The EU CPI data release Friday and the US Consumer Confidence and US […]
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 $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 $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD bouncing off lows in here. PE The US Dollar (.DXY) Index at 89.33 seeing a move to 90. It should test Key resistance just above 90 on the weekly and daily candles. EUR (Euro) at 1.2385 is coming off highs to support at 1.235, which it may test […]
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 $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD continues to weaken. PE EUR (Euro) at 1.2458 rose overnight to test the resistance on the weekly line. The previous high of 1.2537 is the next resistance. If a clear break there, then see 1.2600 and 1.2670. There is chance of a dip from 1.2537. Will wait to […]
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 $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 $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 $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 $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD support at 88.5 held, now seeing strength PE US Dollar (.DXY) Index at 90.244 moved past 90, and has been trading in the 90.2-90.4 range. There should be resistance at 91 as seen on the daily and weeklies. A test at 91 could occur next week. EUR (Euro) […]
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 $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 $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD support at 88.5 held, seeing some strenght in here. PE The US Dollar (.DXY) Index at 89.155 is seeing some strengthening. We could see .DXY ranging within 89 to 90 this week, as .DXY might be responding to rising US yields, which are at fresh highs. May see […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD broke Key support at 89.0. PE US Dollar (.DXY) Index at 88.757 broke below Key support at 89 and testing support at 88.6-88.7. There are good chances for this support zone of 88.6-88.9 to hold. We will wait for a clear directional signal. Now it looks weak. […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD ranged within 89.-89.2 PE US Dollar (.DXY) Index at 89.101 ranging between 89.1-89.2 disspite of the FOMC maintaining its Hawkish tone and indicating that the next rate cut could happen in March. On the weekly lines, .DXY is trading just above long term support near […]
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 $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD continues to struggle. PE US Dollar (.DXY) Index at 89.283 on course to test support at 88.5-88.8 this week. The Northside for .DXy near term looks like 89.5 for now. EUR (Euro) at 1.2401 may find 1st support at 1.24 in here. The ECB kept its rates constant in […]
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 $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 $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 $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD continues to struggle. PE The US Dollar (.DXY) Index at 89.973 has dropped below Key support at 90, as the EUR and JPY have posted gains on back of strong economic data in Europe and Japan. Note: Weakness in USD has come about in spite of the fact that the […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD still struggling. PE US Dollar (.DXY) Index at 90.377) is currently near support at 90.3-90.4 on the daily line. It should respect this support, or go down to test to 90 on the 3 day candles. Then we should should see a bounce to 91.5 near term. EUR (Euro) at […]
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 $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 $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing New. PE EUR (Euro) at 1.2282 saw consolidation Wednesday, marking a low of 1.2216, and now just below its prior high at 1.2297. We could see a break past 1.23 soon for the next upside target of 1.24-1.25 to be tested in time for the ECB meeting […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: .DXY wilting.PE EUR (Euro) at 1.2282 marked a low at 1.2216 Tuesday trading just below its previous high of 1.2297. We could see a break out past 1.23 for the next targets at 1.24-1.25 to be tested in time for the ECB meeting next Thursday, 25 January. […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Seeing a stronger than expected rise in EUR and .DXY struggling against the tide. PE EUR (Euro) at 1.2266 marked a high of 1.2297, and prefer to see Some consolidation down to 1.2220 at least. But, in case of a clear break above 1.2300, then look for […]
Forex Morning Briefing $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Keep an eye on the EUR/JPY. PE EUR/JPY at 133.30 saw a low at 133 Thursday, it can bounce a bit to 133.70-90 near term, there are chances that it might break below the major Support at 133, then target 130 medium term. A dip in EUR/JPY would be […]
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 $DXY, $EUR, $JPY, $GBP, $AUD, $CNY Commentary: Noting new. PE USD/JPY at 112.25 was the big mover Monday, falling on news of BOJ reducing it’s purchase of long-tenor bonds. This increases the chances of a fall to 110 over the next 2 weeks. EUR/JPY at 134.07 fell from 136.65 a few days ago, that might […]
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 $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 […]