Today’s US Dollar Trading• Greenback unable to extend gains• Volumes light• Big news out tomorrow may have sidelined traders Overnight Preview• Look for two-way action, consolidation• Possible follow-on selling in Asia to start Looking AheadAll times EASTERN (-5 GMT)• 8:30am USD Building Permits• 8:30am...
Overnight Asia/Europe• Quiet start overnight, USD range-bound• Volumes lower• Technical trade dominates due to lack of news Today’s Economic ReportsAll times EASTERN (-5 GMT)• 1:00pm USD NAHB Housing Market Index Very light start to the week, light news from overseas as...
USDCAD is in up trend and the fall from 1.0727 is treated as consolidation to up trend. Further pullback to 1.0500 is still possible next week. However, as long as 1.0500 level holds, we’d expect up trend...
USDCHF’s up trend remains, and the rise from 1.0010 extends to as high as 1.1007 level. Further rise towards 1.1200 level is still possible next week. Initial support is now located at 1.0740, only fall below this...
USDJPY is in consolidation to up trend. Pullback to retest 108.36 level is still possible next week. As long as 108.36 support holds, we’d expect up trend to continue and further rise towards 112.00 could be seen...
AUDUSD is in down trend and dropped sharply from 0.9849 to 0.8591 level. Further fall to test 0.8512 (Jan 22 low) support is possible next week. Initial resistance is now at 0.8890, as long as this resistance...
GBPUSD is in down trend and the fall from 2.0158 extends further to as low as 1.8512 level. Deeper decline towards 1.8200 could still be seen next week. Initial resistance is now at 1.8900, as long as...
EURUSD’s down trend from 1.6038 extends to 1.4660 level. Further fall towards 1.4500 is in favor next week. Initial resistance is located at 1.4985, only rise above this level will signal consolidation to down trend.
CPI Data On Tap. The USD completed yesterday’s trading session with mixed results versus its major rival currencies. During the first half of the day, the U.S. dollar eased versus the euro and the yen after government...
Today’s US Dollar Trading• USD whipsaws hard• Volumes patchy• GBP falls to new lows Overnight Preview• USD likely to consolidate• Volumes likely to drop ahead of US data tomorrow Looking AheadAll times EASTERN (-5 GMT)• 8:30am USD Core CPI m/m• 8:30am USD CPI m/m• 8:30am...
