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USD/CAD Technical Analysis: DXY bulls en route to the 1.3300 figure against CAD

USD/CAD daily chart

USD/CAD is trading in a bull trend above the 200 SMA.
USD/CAD is consolidating the recent losses above 1.3200 and the 100 SMA.
Earlier this Friday, the US CPI (Consumer Producer Index) matched analysts expectations at 2.2% for December y/y.

USD/CAD 4-hour chart

USD/CAD is trading below its main SMAs.

USD/CAD 30-minute chart

USD/CAD bulls are gaining ground as they reclaimed the main SMAs. They are now most likely en route to the 1.3300 figure and 1.3360 level if they gather enough steam.

Additional key levels


Today Last Price: 1.327
Today Daily change: 33 pips
Today Daily change %: 0.249%
Today Daily Open: 1.3237
Previous Daily SMA20: 1.3509
Previous Daily SMA50: 1.3353
Previous Daily SMA100: 1.3185
Previous Daily SMA200: 1.3084
Previous Daily High: 1.326
Previous Daily Low: 1.3202
Previous Weekly High: 1.3666
Previous Weekly Low: 1.338
Previous Monthly High: 1.4134
Previous Monthly Low: 1.316
Previous Daily Fibonacci ..

USD/TRY tests 5.50 on reports of Turkey sending military units to Syrian border

According to Turkey's state-owned news agency, Anadolu, Turkey sent a convoy of armoured military vehicles and ground troops to the northern Syrian province of Idlib to reinforce the Turkish military presence in the area. With the initial market reaction to this development, the USD/TRY added more than 700 pips and tested the 5.50 handle before retreating slightly. As of writing, the pair was up 1.3% on the day at 5.4823.

USD/JPY Technical Analysis: Bulls testing 108.50 resistance as DXY surges across the board

USD/JPY daily chart

USD/JPY is in a deep pullback below the 50, 100 and 200-period simple moving averages (SMAs).
USD/JPY is trading more than 300-pips up following the flash crash last week.
Earlier this Friday, the US CPI (Consumer Producer Index) matched analysts forecasts at 2.2% for December y/y.

USD/JPY 4-hour chart

USD/JPY bulls are challenging the 50 SMA as the Greenback is having a boost across the board.

USD/JPY 30-minute chart

Bulls are gaining ground as they reclaimed the 50 and 100 SMA and are now challenging the 108.50 resistance.
A break of the level would open the doors to further gains and a potential run to 109.00 resistance.

Additional key levels


Today Last Price: 108.43
Today Daily change: -5.0 pips
Today Daily change %: -0.0461%
Today Daily Open: 108.48
Previous Daily SMA20: 110.27
Previous Daily SMA50: 112.09
Previous Daily SMA100: 112.2
Previous Daily SMA200: 111.13
Previous Daily High: 108.5
Previous Daily Low: 1..

USD/JPY jumps to 108.60, retreats slightly as Wall Street suffers losses

Sudden USD demand in the early NA session lifts the pair.
Wall Street opens in red to cap the pair's gains.
US 10-year T-bond yield drops more than 1.5%.

The USD/JPY pair gained traction and added more than 50 pips in the early NA session to touch a fresh daily high at 108.60. With risk-aversion taking control of the price action, the pair eased from its highs and was last seen trading at 108.45, up 0.05% on the day.

The US Dollar Index, which hasn't reacted to today's inflation data, met a strong buying wave and rose to a fresh two-day high of 95.76. Although there were no clear catalysts behind the USD's upsurge, reports of Turkish troops moving into the Syrian border seems to have triggered a flight-to-safety and boosted the demand for the greenback. At the moment, the DXY is up 0.1% on the day at 95.65. Earlier today, the data published by the U.S. Bureau of Labor Statistics showed that the annual core CPI in December stayed unchanged at 2.2% to match analys..

US Dollar Index clinches 2-day tops around 95.70

The index quickly moves higher to the 95.70 area.
Yields of the US 10-year note drop to lows around 2.69%.
US December Core CPI rose 0.2% MoM, in line with forecasts.

Tracked by the US Dollar Index (DXY), the greenback has reverted the daily losses and is now navigating the upper end of the range near 95.70, or fresh session peaks.

US Dollar Index now targets 96.00

With no apparent catalyst behind the sharp up move, the index has once again the critical 96.00 handle on his crosshairs, coincident with the key 100-day SMA.

Earlier in the session, US inflation figures for the month of December matched prior surveys, as Core CPI rose 0.2% MoM and 2.2% on a yearly basis. Further data saw headline consumer prices dropping 0.1% inter-month and advancing at an annualized 1.9%, always in line with previous estimates.

What to look for around USD

The Fed’s probable re-pricing of the tightening pace in the next months continues to gather traction among investors as well as the performance ..

Breaking: USD surges across the board with EUR/USD erasing 100 pips of gains

Stocks have turned south and the greenback is on the rise once again. US bonds are in demand.

There are reports that Turkish forces are amassing around Idlib, ready to enter areas evacuated by US troops which are retreating from Syria. However, the Turkish Lira is not suffering from heightened volatility.

It seems like a correction of the Fed-related USD sell-off that we have seen recently.

EUR/USD fell to a low of 1.1458, down over 100 pips from the peak of 1.1569 it recorded earlier in the week.

GBP/USD is trading below 1.2800. It advanced above this level after reports came out regarding a Brexit delay. USD/JPY emerged from the lows and getting closer to 108.50.

Commodity currencies are falling with falling oil prices.

Earlier, the US inflation report came out exactly as expected, with Core CPI at 2.2% YoY.

Here is the EUR/USD chart:

The US Dollar was on the back foot after various Fed officials, including Chair Jerome Powell, sent dovish messages. They acknowledged mark..

Wall Street opens sharply lower dragged by energy

Major equity indexes in the U.S. started the day sharply lower amid heavy losses suffered by the energy index. As of writing, the Dow Jones Industrial Average was down 130 points on the day while the S&P 500 and the Nasdaq Composite were erasing 0.5% and 0.6%, respectively.

With the barrel of West Texas Intermediate losing more than 1% on Friday, the S&P 500 Energy Index came under pressure and was last seen down 1.5% on the day.

On the other hand, concerns over the potential negative impact of the government shutdown on the economy and fears about more companies reporting disappointing sales figures continue to weigh on the market sentiment. Reflecting the risk-off mood, the CBOE Volatility Index, Wall Street's fear gauge, is up 2.3% at the moment.

All the 11 major sectors in the S&P 500 are staying in the negative territory in early trade. Behind energy, industrials and financials are both dropping around 1%.

EUR/USD turns negative near 1.1480 as sentiment sours

The pair now sees some selling pressure below 1.1500.
The greenback looks to pick up pace near 95.50.
US Core CPI rose 0.2% MoM in December, matching consensus.

EUR/USD is now facing some downside pressure, tumbling to the area of daily lows in the 1.1480/75 band.

EUR/USD offered after US data

The positive momentum in the risk-associated complex is now taking a breather and is dragging spot around a cent lower since earlier tops in the boundaries of the 1.1580 region. This area coincides with the 61.8% Fibo retracement of the September-November drop.

On the USD-side, the greenback returns to the positive territory after US inflation figures tracked by the CPI during the last month of 2018 came in in line with previous forecasts. In fact, headline CPI dropped at a monthly 0.1% and rose 1.9% from a year earlier. Additionally, CPI stripping food and energy costs rose 0.2% MoM and 2.2% over the last twelve months.

What to look for around EUR/USD

Near term price action in spot conti..

AUD/USD Technical Analysis: Corrective slide tests ascending trend-line/50-hour SMA confluence support

• The pair erased a major part of its early gains to near one-month tops and has now dropped to test a short-term ascending trend-line support, held over the past three trading session.

• The mentioned support coincides with 50-hour SMA and hence, a sustained breakthrough might trigger some aggressive long-unwinding trade amid a sudden turnaround in risk-sentiment.

• Technical indicators on the 1-hourly chart have just drifted into negative territory but have managed to hold with a bullish bias on 4-hourly/daily charts, warranting caution for bearish traders.

• Hence, it would be prudent to wait for a convincing breakthrough the confluence support before tradres start positioning for any further intraday decline/near-term corrective slide.

AUD/USD 1-hourly chart


Today Last Price: 0.7202
Today Daily change: 18 pips
Today Daily change %: 0.251%
Today Daily Open: 0.7184
Previous Daily SMA20: 0.7095
Previous Daily SMA50: 0.7188
Previous Daily SMA100: 0.71..

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