Today’s US Dollar Trading • USD consolidates firmer in two-way action• Recovers overnight losses in New York trade Overnight Preview • Expect more book-squaring and consolidation ahead of Philly Fed Looking Ahead • 9:00 AM VDT Thursday Philly...
Today’s US Dollar Trading • Big news is Fed rate cut, 75 BP• Markets are “disappointed”• USD begins rally Overnight Preview • Look for more USD short-covering and book squaring• Volumes likely to surge if close-in stops hit...
Being contained by the price channel resistance, USDCAD pulls back from 1.0014 level. The pair might be forming a cycle top on daily chart. Key support is at 0.9796, a break of this level will confirm the...
USDCHF is forming a cycle bottom at 0.9634 on daily chart. Consolidation could be seen in a range between 0.9634 and 1.0352 before breaking below 0.9634 level. Down trend will resume after consolidation, and a break below...
USDJPY’s down trend from 108.59 extends to as low as 95.77. The rebound from 95.77 suggests that the pair is forming a cycle bottom on daily chart. Consolidation could be seen in a range between 95.77 and...
AUDUSD formed a cycle top at 0.9496 level on daily chart. As long as the previous high resistance at 0.9496 holds, pullback to retest 0.8512 support is in favor, and a break down below 0.9127 level will...
GBPUSD breaks below the rising price channel support, and might be forming a cycle top at 2.0391 level on daily chart. Key support is at 1.9720, a break down of this support will confirm the cycle top...
EURUSD’s up trend extends to as high as 1.5902. The pullback from 1.5902 suggests that the pair is forming a cycle top on daily chart. Deeper decline to 1.5000 area is expected, and a break of 1.5500...
Today’s US Dollar Trading • USD takes another plunge on Fed action and liquidity fears• Equities have violent day, end positive• Lots of jawboning for a better USD Overnight Preview • Expect volatility and more rhetoric• Traders expect...
USDCAD is in consolidation to the long term down trend. Further rebound to test the resistance of the down trend line from 1.0378 to 1.0198 is still possible next week. Down trend will resume after consolidation and...
