Today’s US Dollar Trading • USD has range-bound trade despite news• CPI as expected, Housing data worse• EURO scores a lifetime high Overnight Preview • Look for the USD to consolidate with weaker tone• Book-squaring ahead of US...
Developed by J. Welles Wilder Jr., Average Directional Index (ADX) is one of the most trusted ways to evaluate the strength of the current market trend, be it upwards or downwards. Measured in an oscillator that fluctuates...
Yesterday, the Greenback spent most of the trading day with bullish momentum against the majority of its currency pairs and crosses on the back of surprisingly strong U.S inflation and manufacturing data releases. The greenback added 0.35%...
USDCAD pulled back from the price channel resistance and is forming a cycle top at 1.0326 on daily chart. Further fall to test 0.9709 previous low support is possible after correction, and a break of 1.0018 level...
USDCHF is forming a sideways consolidation in a range between 0.9870 and 102.49. Further rise to 1.0500 area to reach the next cycle top on daily chart is still in favor before breaking below 0.9870 level. Key...
No changed in our view, USDJPY is in up trend, and the fall from 102.94 is treated as consolidation to the up trend. As long as the key support at 98.55 holds, we’d expect up trend to...
AUDUSD may be forming a cycle top at 0.9346 on daily chart, but a break of the key support at 0.9031 is needed to confirm the cycle top. Key resistance is at 0.9496, only rise above this...
GBPUSD is in down trend. Further fall to retest 1.9337 previous low support is still in favor. Near term resistance is now at 1.9894, as long as this resistance holds, we’d expected down trend to continue.
EURUSD breaks above 1.5902 previous high resistance and its up trend resumes. Further rise to 1.6200 area to reach the next cycle top on daily chart is now in favor. Near term support is now at the...
Overnight Asia/Europe • USD firmed in Asia on G7 comments• Faltered in European trade Today’s Economic Reports • 7:30 AM CDT Retail Sales forecast +0.1%, no factor Looking Ahead • 7:30 AM CDT Tuesday PPI forecast +0.4%,...
