News Reviews USD 

USD Daily Review November 30, 2017

USD Daily Review for November 30, 2017 GBP/USD: Brexit Breakthrough Supports Our 1.36-1.37 Year-End Target – BTMU BTMU FX Strategy Research discusses GBP outlook in light of the recent media reports which have suggested that the EU and the British officials have agreed on the settlement of the so called ‘divorce bill’.”News that the EU and the UK have reached an outline deal on the financial settlement is very significant and despite recent increa   GBP/USD: Breakthrough In Brexit Deadlock Reinforces 1.36 Target By Year-End – ING ING FX Strategy…

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USD Daily Review November 29, 2017

USD Daily Review for November 29, 2017 U.S. Dollar Drop in the Spotlight Ahead of Powell, GDP The U.S. Dollar has broken down over the past three weeks, and price action has remained weak even as we approach a December with a   Trading Around GBP, Short GBP/USD and Short EUR/GBP Two compelling patterns with positive risk to reward ratios pointing in the opposite directions for Sterling. See the Elliott Wave counts for GBP/USD and EUR/GBP.   EUR/USD and GBP/USD Forecast November 29, 2017 Initially, the EUR/USD pair tried to…

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USD Daily Review November 28, 2017

USD Daily Review for November 28, 2017 NZD/USD: To See Stability In 0.68-0.70 Range With Risks To Bullish Side – ING ING FX Strategy Research discusses its NZD/USD outlook in the near-term, notes that the pair is still pricing in an RBNZ uncertainty premium.”Acting RBNZ Governor Spencer will testify to the New Zealand parliament (Wed) this week…We already know that the RBNZ policy reaction function hasn’t been materially thwarted, with a chance of a 2H   EUR/USD Elliott Wave Analysis Points to Higher Levels The Elliott Wave model on EUR/USD…

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USD Daily Review November 27, 2017

USD Daily Review for November 27, 2017 EUR/USD Weekly Technical Analysis: Euro Set to Score New Yearly Highs Last week we saw the downside initially tested, but most of the week the euro spent forging out a strong case for a move to   Australian Dollar Downtrend Seems Likely To Resume The Australian Dollar like many other currencies is in thrall to US interest rate prognoses, and investors will have more data to base such calls   EUR/USD, US Indices and Oil Extend Their Climb in Quiet End to Week…

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USD Daily Review November 24, 2017

USD Daily Review for November 24, 2017 EUR/USD and GBP/USD Forecast November 24, 2017 The EUR/USD pair rallied a bit during the session on Thursday, as Americans would have been away for Thanksgiving. I believe that ultimately the market is go…   USD/JPY and AUD/USD Forecast November 24, 2017 The US dollar did very little against the Japanese yen during the trading session on Thursday, which would not be a huge surprise considering that the Americ…   Japanese Yen Shrugs At PMI Gains, USDJPY Downtrend Endures The Japanese Yen showed…

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USD Daily Review November 23, 2017

USD Daily Review for November 23, 2017 Tech Targets: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD – UOB EUR/USD: Neutral (since 15 Nov 17, 1.1795): In a 1.1655/1.1860 range. No change in view.EUR surrendered some of the gains made last week but the decline clearly lacks momentum. We continue to view the current price action as part of a neutral consolidation phase. In other words, EUR is expected to trade sideways for now, likely within a broad 1.165   USD/JPY Initiates Fresh Bearish Sequence Ahead of FOMC Minutes USD/JPY remains vulnerable to…

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USD Daily Review November 22, 2017

USD Daily Review for November 22, 2017 Tech Targets: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD – UOB EUR/USD: Neutral (since 15 Nov 17, 1.1795): In a 1.1655/1.1860 range.EUR surrendered some of the gains made last week but the decline clearly lacks momentum. We continue to view the current price action as part of a neutral consolidation phase. In other words, EUR is expected to trade sideways for now, likely within a broad 1.1655/1.1860 range.GBP/   U.S. Dollar Dilemma: Return of Bearish Trend or Strength into Year-End? The U.S. Dollar came into…

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USD Daily Review November 21, 2017

USD Daily Review for November 21, 2017 Webinar: Gold Prices Sport a Bearish Pattern; EUR/USD May Dip to 1.1650 Until today, Gold prices have quietly rallied. We think this may set up a larger correction. Learn the patterns we are following along with key   GBP/USD Marches Toward Monthly-High (1.3321) Ahead of BoE Testimony GBP/USD appears to be on track to test the monthly-high (1.3321) ahead of the BoE testimony as it extends the bullish sequence from the previous   DailyFX US AM Digest: Euro Retakes Earlier Losses; Dollar Stable…

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USD Daily Review November 20, 2017

USD Daily Review for November 20, 2017 Australian Dollar Likely Stuck, But Watch For RBA Speakers The Australian Dollar is caught between some reasonably perky domestic economic data and a central bank in no obvious hurry to lift interest rates from   US Dollar: Politics to Overshadow Yellen Speech, FOMC Minutes The US Dollar is likely to remain at the mercy of politics-driven volatility as inflationary fiscal stimulus prospects remain the central object of speculation.   Adapting to Holiday Trade Ahead: S&P 500 Reversals or GBP/USD Ranges? Looking at how…

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