FOREX SIGNALS-Dollar up in Asia as China loosens policy, yuan slips

* Yuan fixed at 6.8957, lowest since May last year

The dollar edged higher on Monday as China followed an easing in domestic policy by allowing its yuan to fall, though the drop was not as sharp as some had feared.

The fix left the dollar trading at 6.9039 in the spot market CNH= , but off an early top of 6.9157.

Any drop in the yuan tends to undermine other emerging currencies as they need to depreciate to keep exports competitive. The Indonesian rupiah IDR= , for instance, slid to its lowest in over two decades on Monday.

Those flows in turn support the safe-haven yen and the dollar, particularly when U.S. yields are rising.

Dollar boosted as U.S. Treasury yields hit 7-year high

The dollar stood tall on Friday against its major peers, including the yen and euro, as investors evaluated the impact of a two-day global government bond rout that has lifted U.S. Treasury yields to seven-year highs.

The dollar rose 0.1 percent to 114.04 yen after coming off an 11-month high of 114.55 yen reached during the previous session. A rise above 114.735 would take the greenback to its highest level since mid-March 2017.

The euro is down about 0.8 percent against the dollar so far this month.

Canadian dollar rises on NAFTA hopes, yen hits 10-1/2-month low

The Canadian dollar rose to a four-month high at 1.2837 per U.S. dollar before giving up some gains. It last traded about 0.4 percent higher at $1.2852.

The yen weakened to 113.85 per dollar, reaching its lowest since the middle of November last year before giving up some gains.

The yen last traded 0.05 percent higher at 113.77 yen.

The euro traded flat with worries about a rise in Italy's deficit weighing on the single currency after the Italian government agreed to set a higher than expected budget deficit target.

The euro last changed hands at $1.1610, not far off a more than two-week low of $1.1569 touched on Friday.

US dollar reaching towards highs again

The US dollar has reached towards the vital ¥113 level again during the day in a parabolic move. This shows just how strong the greenback is and of course how much the interest rate differential is starting to come into play.

The US dollar has gone parabolic against the Japanese yen in trading on Thursday, breaking above the ¥113 level. By doing so, the market looks ready to go much higher, and I think that we will probably go looking towards the ¥114.50 level given enough time. At this point, I believe that short-term pullbacks continue to be the way to go for buying opportunities, and I don’t have any interest in shorting this pair. I don’t know that we can break out above this pair in the short term, but longer-term it seems a bit like a foregone conclusion. It is because of this that I look at short-term pullbacks as buying opportunities but I would only piecemeal the position in.

Forex today: all eyes on the upcoming US Fed rate hike

In forex today, markets started to wind up ahead of Wednesday's US Fed rate call, coming in for a landing at 18:00 GMT, and markets are broadly expecting a 0.25% rate hike.

Broader markets remain quiet in the run-up to the US Fed action, though a kick in New Zealand's business confidence reading early in Wednesday's trading saw some support for the Antipodeans.

The EUR/USD is trading flatly near 1.1760 ahead of Monday's Fed action, and with the current path of Fed rate hikes already fairly priced into the EUR/USD, it's unlikely that today's upcoming rate hike will see much downside action for the major pair.

Yen Inches Up as China Cancels Trade Talks, Dollar Also Gains

The Japanese yen edged up on Monday as China cancelled its planned trade talks with the U.S. The dollar also gained following the news.

The USD/JPY pair was down 0.01% to 112.56 by 11:50PM ET (03:50 GMT). The U.S. dollar index, which tracks the greenback against a basket of currencies, was up 0.06% to 93.84.

The Australian dollar traded 0.34% lower to 0.7269 against the dollar after the news.

Currency pair level of 28-June-18
EURUSD R1-1.1638 R2-1.1721 S1-1.1506 S2-1.1457
USDJPY R1-110.62 R2-110.97 S1-109.79 S2-109.32
GBPUSD R1-1.3197 R2-1.3281 S1-1.3068 S2-1.3023
USDCHF R1-1.0004 R2-1.0034 S1-0.9917 S2-0.9860
AUDUSD R1-0.7392 R2-0.7444 S1-0.7306 S2-0.7272

Currency pair level of 27-June-18
EURUSD R1-1.1701 R2-1.1754 S1-1.1615 S2-1.1582
USDJPY R1-110.41 R2-110.75 S1-109.55 S2-109.03
GBPUSD R1-1.3380 R2-1.3337 S1-1.3179 S2-1.3135
USDCHF R1-0.9939 R2-0.9965 S1-0.9872 S2-0.9831
AUDUSD R1-0.7420 R2-0.7445 S1-0.7375 S2-0.7355

Currency pair level of 26-June-18
EURUSD R1-1.1736 R2-1.1768 S1-1.1650 S2-1.1597
USDJPY R1-110.10 R2-110.41 S1-109.42 S2-109.05
GBPUSD R1-1.3307 R2-1.3334 S1-1.3236 S2-1.3194
USDCHF R1-0.9889 R2-0.9909 S1-0.9852 S2-0.9835
AUDUSD R1-0.7440 R2-0.7466 S1-0.7392 S2-0.7369

GBP/USD: Sterling is flat as Brexit woes weigh on the UK
Sterling is trading up 0.2% at around 1.3250 against the US Dollar after the survey of European business leaders showed that Brexit uncertainty weighs on their investment decisions and they prefer to cut the planned UK investment in the UK.

Currency pair level of 23-June-18
EURUSD R1-1.1688 R2-1.1720 S1-1.1611 S2-1.1567
USDJPY R1-110.22 R2-110.44 S1-109.79 S2-109.58
GBPUSD R1-1.3309 R2-1.3352 S1-1.3230 S2-1.3195
USDCHF R1-0.9915 R2-0.9950 S1-0.9859 S2-0.9838
AUDUSD R1-0.7471 R2-0.7496 S1-0.7398 S2-0.7349

Currency pair level of 22-June-18
EURUSD R1-1.1656 R2-1.1708 S1-1.1530 S2-1.1456
USDJPY R1-110.56 R2-110.13 S1-109.63 S2-109.26
GBPUSD R1-1.3308 R2-1.3375 S1-1.3138 S2-1.3035
USDCHF R1-0.9971 R2-1.0024 S1-0.9882 S2-0.9845
AUDUSD R1-0.7401 R2-0.7423 S1-0.7351 S2-0.7324

Currency pair level of 21-June-18
EURUSD R1-1.1603 R2-1.1634 S1-1.1538 S2-1.1506
USDJPY R1-110.60 R2-110.84 S1-109.98 S2-109.61
GBPUSD R1-1.3212 R2-1.3250 S1-1.3140 S2-1.3108
USDCHF R1-0.9985 R2-1.0009 S1-0.9937 S2-0.9913
AUDUSD R1-0.7396 R2-0.7425 S1-0.7353 S2-0.7338

Currency pair level of 20-June-18
EURUSD R1-1.1646 R2-1.1703 S1-1.1532 S2-1.1474
USDJPY R1-110.59 R2-111.11 S1-110.07 S2-109.55
GBPUSD R1-1.3249 R2-1.3323 S1-1.3125 S2-1.3076
USDCHF R1-0.9975 R2-1.0007 S1-0.9914 S2-0.9885
AUDUSD R1-0.7425 R2-0.7468 S1-0.7343 S2-0.7304

Currency pair level of 18-June-18
EURUSD R1-1.1643 R2-1.1664 S1-1.1584 S2-1.1545
USDJPY R1-110.76 R2-110.98 S1-110.31 S2-110.08
GBPUSD R1-1.3276 R2-1.3309 S1-1.3219 S2-1.3194
USDCHF R1-0.9984 R2-1.0016 S1-0.9928 S2-0.9904
AUDUSD R1-0.7449 R2-0.7474 S1-0.7406 S2-0.7389

You can also take our Comex Signals assistance

Currency pair level of 18-June-18
EURUSD R1-1.1644 R2-1.1678 S1-1.1560 S2-1.1510
USDJPY R1-110.93 R2-111.19 S1-110.39 S2-110.12
GBPUSD R1-1.3315 R2-1.3351 S1-1.3227 S2-1.3175
USDCHF R1-0.9995 R2-1.0015 S1-0.9951 S2-0.9926
AUDUSD R1-0.7470 R2-0.7498 S1-0.7426 S2-0.7411

Currency pair level of 15-June-18
EURUSD R1-1.1760 R2-1.1952 S1-1.1470 S2-1.1371
USDJPY R1-110.92 R2-111.21 S1-110.21 S2-109.62
GBPUSD R1-1.3388 R2-1.3513 S1-1.3197 S2-1.3132
USDCHF R1-1.0021 R2-1.0072 S1-0.9872 S2-0.9772
AUDUSD R1-0.7550 R2-0.7622 S1-0.7441 S2-0.7403

Currency pair level of 14-June-18
EURUSD R1-1.1820 R2-1.1850 S1-1.1744 S2-1.1696
USDJPY R1-110.71 R2-110.08 S1-110.12 S2-109.89
GBPUSD R1-1.3408 R2-1.3440 S1-1.3326 S2-1.3276
USDCHF R1-0.9889 R2-0.9921 S1-0.9832 S2-0.9808
AUDUSD R1-0.7615 R2-0.7653 S1-0.7535 S2-0.7492

Currency pair level of 13-June-18
EURUSD R1-1.1793 R2-1.1840 S1-1.1716 S2-1.1686
USDJPY R1-110.60 R2-110.82 S1-110.06 S2-109.75
GBPUSD R1-1.3418 R2-1.3464 S1-1.3335 S2-1.3297
USDCHF R1-0.9892 R2-0.9916 S1-0.9837 S2-0.9806
AUDUSD R1-0.7610 R2-0.7647 S1-0.7551 S2-0.7528

Currency pair level of 12-June-18
EURUSD R1-1.1813 R2-1.1842 S1-1.1763 S2-1.1742
USDJPY R1-110.35 R2-110.66 S1-109.52 S2-109.00
GBPUSD R1-1.3432 R2-1.3486 S1-1.3334 S2-1.3290
USDCHF R1-0.9873 R2-0.9893 S1-0.9836 S2-0.9819
AUDUSD R1-0.7624 R2-0.7640 S1-0.7592 S2-0.7575

Currency pair level of 08-June-18
EURUSD R1-1.1835 R2-1.1872 S1-1.1767 S2-1.1736
USDJPY R1-110.14 R2-110.557 S1-109.37 S2-109.04
GBPUSD R1-1.3473 R2-1.3523 S1-1.3372 S2-1.3322
USDCHF R1-0.9853 R2-0.9902 S1-0.9772 S2-0.9740
AUDUSD R1-0.7661 R2-0.7699 S1-0.7598 S2-0.7574

Currency pair level of 07-June-18
EURUSD R1-1.1810 R2-1.1846 S1-1.1724 S2-1.1674
GBPUSD R1-1.3443 R2-1.3473 S1-1.3385 S2-1.3354
USDCAD R1-1.2994 R2-1.3044 S1-1.2875 S2-1.2807
EURGBP R1-0.8800 R2-0.8821 S1-0.8748 S2-0.8718
EURJPY R1-148.24 R2-148.69 S1-147.12 S2-146.44

Currency pair level of 06-June-18
EURUSD R1-1.1750 R2-1.1781 S1-1.1669 S2-1.1621
USDJPY R1-110.05 R2-110.31 S1-109.5 S2-109.21
GBPUSD R1-1.3432 R2-1.3475 S1-1.3225 S2-1.3260
AUDUSD R1-0.7652 R2-0.7687 S1-0.7588 S2-0.7560
EURGBP R1-0.8787 R2-0.8824 S1-0.8719 S2-0.8687

Currency pair level of 05-June-18
USDJPY R1-110.00 R2-110.19 S1-109.50 S2-109.19
GBPUSD R1-1.3377 R2-1.3441 S1-1.3273 S2-1.3231
NZDUSD R1-0.7060 R2-0.7091 S1-0.6987 S2-0.6946
CHFJPY R1-111.53 R2-111.90 S1-110.70 S2-110.24
GBPJPY R1-146.79 R2-147.38 S1-145.72 S2-145.25

Currency pair level of 1-June-18
USDJPY R1-109.10 R2-109.38 S1-108.46 S2-108.11
USDCHF R1-0.9861 R2-0.9934 S1-0.9822 S2-0.9787
USDCAD R1-1.3029 R2-1.3099 S1-1.2853 S2-1.2747
EURGBP R1-0.8812 R2-0.8830 S1-0.8767 S2-0.8739
EURJPY R1-127.87 R2-126.51 S1-126.47 S2-125.69

Currency pair level of 31-May-18
EURUSD R1-1.1721 R2-1.1777 S1-1.1563 S2-1.1462
GBPUSD R1-1.3317 R2-1.3346 S1-1.3251 S2-1.3214
AUDUSD R1-0.7613 R2-0.7654 S1-0.7503 S2-0.7435
NZDUSD R1-0.7031 R2-0.7074 S1-0.6914 S2-0.6840
CHFCAD R1-1.3135 R2-1.3250 S1-1.2940 S2-1.2860

If you want to proper assistence then see our Forex Signals

Currency pair level of 30-may-18
EURUSD R1-1.1616 R2-1.1693 S1-1.1486 S2-1.1433
GBPUSD R1-1.3315 R2-1.3381 S1-1.3193 S2-1.3138
USDCHF R1-0.9982 R2-1.0050 S1-0.9848 S2-0.9782
AUDUSD R1-0.7540 R2-0.7575 S1-0.7484 S2-0.7462
EURGBP R1-0.8736 R2-0.8761 S1-0.8692 S2-0.8673

Today's Level BY- Fx Street

EURUSD R1-1.1701 R2-1.1777 S1-1.1577 S2-1.153

GBPUSD R1-1.3337 R2-1.3363 S1-1.3291 S2-1.3271

USDJPY R1-109.76 R2-110.1 S1-109.15 S2-108.89

AUDUSD R1-0.7573 R2-0.7600 S1-0.7529 S2-0.7513

USDCHF R1-0.9959 R2-0.9983 S1-0.9909 S2-0.9885

USDCAD R1-1.3024 R2-1.3055 S1-1.2961 S2-1.2929

EURGBP R1-0.8778 R2-0.8824 S1-0.8706 S2-0.8679

USD/CHF initial support seen at 0.9845 – Commerzbank

R1 0.9928 R2 0.9957
S1 0.9881 S2 0.9862

USD/CAD near term support emerges at 1.2880 – Scotiabank

R1 1.3020 R2 1.3063
S1 1.2904 S2 1.2832

EUR/USD technicals still suggest a test of 1.1860/1.1980 – Commerzbank

EUR/USD is holding around 1.1700. We note the 13 count which suggests caution and the daily RSI has not confirmed the new low. The market stays immediately offered below the accelerated downtrend at 1.1782 but will have very little impact while below the 1.1996 14th May high. Currently the Elliott wave count is suggesting recovery to 1.1860/1.1980”.

“Below 1.1675 will target the 1.1616 May 2016 high and then the 1.1553 November low with the 200 week ma at 1.1442 our ultimate goal”.

“The 200 day ma at 1.2021 guards the 1.2092 September 2017 high and the 1.2155 March low and while capped here we maintain an immediate bearish bias.

By - Fx Street

AUDUSD R1-0.7610, R2-0.7580, S1-0.7520, S2-0.7470
EURUSD R1-0.6900, R2-0.6945, S1-0.6880, S3-0.6845

USD/CAD jumps back above mid-1.2800s, closer to weekly tops

The 1.2890-1.2900 region might continue to act as an immediate resistance, above which the pair is likely to head towards challenging the 1.2945-50 supply zone before eventually darting towards the key 1.30 psychological mark.

On the flip side, 50-DMA, currently near the 1.2830 region, now seems to protect the immediate downside, which if broken might turn the pair vulnerable to break below the 1.2800 handle and head towards retesting the 1.2750-40 support.

By - Fx Street

EUR/USD: Euro back to balanced amid some USD strength

The EUR/USD is trading around 1.1800, balanced on the day and down from the highs of 1.1829. The US Dollar is gaining some ground in the American session. Rumors that Euro skeptic economist Paolo Savona will be Italy's finance minister weigh on the Euro.

By - Fx Street

USD/JPY: US Dollar nears 110.00 as Treasury yields rise

The US Dollar is trading up 0.3% near the 110.00 level against the Japanese Yen after the US benchmark Treasury yields approached 3.00% with the economic fundamentals supporting the greenback. The US retail sales report is due later on Tuesday.

By - Fx Street

Forex Today: Aussie outperforms in Asia, a light calendar ahead

The US dollar started the week on the back foot across the board, which emerged the main underlying theme in Asia this Monday, helping most majors recover some ground, as Treasury yields sagged. The Aussie emerged the strongest while the Kiwi traded better offered amid negative oil prices and downbeat New Zealand services PMI data. The USD/JPY pair managed to reverse a dip, but traded neutral below the 109.50 levels, as the USD bulls lose last week’s bullish momentum.

By - Fx Street