Overnight Asia/Europe • USD two-sided• Volumes light• Most of Asia closed, Europe closed for Easter Break Today’s Economic Reports • 9:00 AM CDT Existing Home Sales forecast 4.86M• 9:00 AM CDT Consumer Confidence forecast 75.0 Looking Ahead •...
USDCAD broke above the falling price channel resistance and rebounded sharply to as high as 1.0293 level. Further rally to test 1.0378 previous high resistance is still possible next week, if this resistance gives way, rise to...
USDCHF formed a cycle bottom at 0.9634 level on daily chart. Further rise to test 1.0352 resistance is still possible next week. Key support is at 0.9634, only break down of this level will signal the resumption...
USDJPY formed a cycle bottom at 95.77 level on daily chart. Further rebound to test 103.59 resistance is still possible next week. Key support is at 95.77, only break of this level will signal the resumption of...
AUDUSD is in down trend. The fall from 0.9496 extends to as low as 0.8953 level. Deeper decline to retest 0.8512 previous low support is still in favor. Near term resistance is now at 0.9330, as long...
GBPUSD’s down trend resumed and dropped sharply to as low as 1.9736 level. Further fall to retest 1.9337 previous low support is still possible. Near term resistance is now at 2.0090, as long as this resistance holds,...
EURUSD dropped sharply to as low as 1.5396, and confirmed a cycle top at 1.4902 level on daily chart. Deeper decline to 1.5000 area to reach the next cycle bottom is still possible in a couple of...
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...
