News Reviews USD 

USD Daily Review December 5, 2018

USD Daily Review for December 5, 2018 FX Price Action Setups in EUR/USD, USD/CNH, USD/CAD and NZD/USD It’s been an busy week across global markets, and tomorrow brings closed US financial markets for an official day of mourning for former US President,   USD/JPY Rate Outlook Mired by Failure to Test 2018-High USD/JPY may continue to pare the advance from October-low (111.38) amid the string of failed attempt to test the 2018-high (114.55).   EUR/USD Nears Trend-Line as US Dollar Bounces from Fibonacci Support The US Dollar is bouncing from…

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USD Daily Review December 4, 2018

USD Daily Review for December 4, 2018 USD/CAD Rate Forecast: CAD Jumps Most in 2 Months on CA Oil Supply Cut The Canadian Dollar strengthened on Monday thanks to Canadian and OPEC cuts exciting the market in the aftermath of a Trade Truce between Trump &   USDJPY Technical Analysis: Inability to Break Higher Keeps Eyes on Lower The Elliott Wave chart pattern for USDJPY shows the potential for a bearish reversal near current levels in continuation of wave ((c)) of a bearish   GBP/USD: Cable Bounces After Challenge of…

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USD Daily Review December 3, 2018

USD Daily Review for December 3, 2018 Market Chatter About Rise Of ‘Petro-Yuan’ Misses Mark By Several Trillion Dollars China may have launched a yuan-backed oil futures contract but there’s little to suggest it will break the dollar’s grip on the global crude trade.   Weekly Technical Forecast: EURUSD and Equities Held Off Critical Breaks in November, Will they Manage the Same in December? November has come to a close and many benchmark assets have ended the period staving off critical technical breaks. The Dow held an increasingly overt  …

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USD Daily Review November 30, 2018

USD Daily Review for November 30, 2018 Dollar Declines as FOMC Minutes Point to Powell Pumping the Brakes on Hawkish Fed The Minutes released by the Federal Reserve today covering its November 7-8 meeting revealed that the central bank looks to stay on course for its fou   FX Price Action Setups in EUR/USD, USD/CAD, NZD/USD and AUD/USD There’s considerable noise in the backdrop, and this weekend brings G20 which may further complicate matters. In this webinar, the US Dollar was the focal   AUD/USD Rate Clings to Bullish Series…

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USD Daily Review November 29, 2018

USD Daily Review for November 29, 2018 USD/JPY Strength Fizzles as Fed Chairman Powell Softens Hawkish Tone USD/JPY may continue to consolidate following the fresh comments from Fed Chairman Jerome Powell as it marks another failed attempt to test the 2018-high (114.55).   GBP/USD Rallies After the BoE Warns of Brexit Recession Potential The Bank of England issued some stark warnings around No-Deal Brexit today. And markets seemed to listen for about 20 minutes, until Jerome Powell provoked   US Dollar Strength in Focus Ahead of Powell; USD/CAD Nears Resistance…

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USD Daily Review November 28, 2018

USD Daily Review for November 28, 2018 US Dollar Price Action Setups in EUR/USD, USD/CAD and USD/CHF The US Dollar caught a bid this morning on some comments from FOMC Vice Chair, Richard Clarida. But, did the Dollar move too far, too   USD/CAD Price Outlook: Dollar on Steady March Higher to Resistance An early-month breach above key resistance has price targeting fresh four-month highs. These are the targets & invalidation levels that matter on the USD/CAD charts.   EUR/USD Moves in For Another Test at 1.1300 as USD Re-Claims…

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USD Daily Review November 27, 2018

USD Daily Review for November 27, 2018 S&P 500 Pattern Walks the Ledge as Dollar Steadies S&P 500 continues a bearish sequence of patterns implying much lower levels. US Dollar appears to be entering a near term bearish Elliott wave cycle.   NZD/USD Correction Starts to Unravel as Bullish Momentum Abates NZD/USD may continue to chip away at the advance from the monthly-low (0.6514) as the bullish momentum abates.   NZD/USD Price Outlook: Pending Bull Flag Breakout in Kiwi A reversal from four-month highs has Kiwi approaching areas of interest…

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USD Daily Review November 26, 2018

USD Daily Review for November 26, 2018 New Zealand Dollar: What Every Trader Needs to Know Are you trading or looking to trade the New Zealand Dollar? This brief yet comprehensive primer will give you essential tools to do it.   US Dollar: What Every Trader Needs to Know Are you trading or looking to trade the US Dollar? This brief yet comprehensive primer will give you essential tools to do it.   Australian Dollar: What Every Trader Needs to Know Are you trading or looking to trade the Australian…

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USD Daily Review November 23, 2018

USD Daily Review for November 23, 2018 CAD Technical Analysis Overview: USDCAD, CADJPY, EURCAD CAD Technical Analysis Overview: USDCAD, CADJPY, EURCAD   GBP Soars, Euro Resilient, while USD Softens – US Market Open GBP Soars, Euro Resilient, while USD Softens – US Market Open   NZD/USD: 161.8% extension level at 0.6870 eyed The Kiwi was in heavy supply in yesterday’s NY shift from 0.6854 down to 0.6789 in European markets overnight. The currency was able to correct higher   DXY: Peak in sight for the US dollar – CIBC Analysts…

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