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USD Daily Review December 4, 2017

USD Daily Review for December 4, 2017


EUR/USD:Neutral (since 15 Nov 17, 1.1795): Improved undertone but too early to expect a sustained up-move.While the undertone for EUR has improved considerably with strong daily closing yesterday, it is too early to expect the start of a sustained up-move. That said, the current mild upward pressure could lead to a retest of the 1.1960 high seen ea


USD/CAD to Exhibit Bearish Behavior on Hawkish BoC

USD/CAD may exhibit a more bearish behavior over the remainder of the year should the Bank of Canada (BoC) show a greater willingness to further


Flynn Testimony and Tax Headlines Offset for S&P 500, Compound for Dollar

The markets had a brief heart attack Friday on headlines that suggested that former Trump official Michael Flynn would testify against certain administration officials


EUR/USD Weekly Technical Analysis: Euro Shows Moxie at Support

Last week the euro held onto the trend-line off the November low which is viewed as key to the near-term outlook; higher prices are seen


Diverging News Flow Rocks USD/CAD Bulls, Flynn Russia Probe Drops USD

Canadian Dollar strengthened aggressively on a positive round of CA data as the political risk premium in the US kicked higher on the new drama


DailyFX US AM Digest: US Dollar Gyrates at Start of New Month, Awaits Tax Reform News

The US Dollar is catching a small bid at the cash equity open in New York.


US Dollar Starts December on Shaky Footing

The past 24-hours haven’t been kind to the US Dollar, setting up a shaky start to the final month of 2017.


Forex: Top FX Headlines: US Dollar Starts December on Shaky Footing: 12/1/17

– The US Dollar enters December with Fed rate hike odds at 100%, meaning key drivers will comes from elsewhere this month (tax reform). – Both EUR/USD’s and …


USD/JPY and AUD/USD Forecast December 4, 2017

The US dollar was very volatile against the Japanese yen, as we broke down below the 112 level at one point during the day after it was announced that Genera…


EUR/USD and GBP/USD Forecast December 4, 2017

The EUR/USD pair has been very noisy during the trading session on Friday, but ultimately we ended up forming a bit of a hammer, perhaps even a neutral candl…


British Pound Aims to Extend Gains, US Dollar May Stumble

The British Pound and the US Dollar scored gains in Asia Pacific trade but the former currency looks to be more secure in its near-term


NZD/USD Technical Analysis: Dominant Trend Still Points Lower

The dominant New Zealand Dollar trend continues to favor the downside against its US counterpart despite an apparent deceleration in the pace of decline.


US Dollar Gains As Senate Passes Tax Bill, Asia Stocks Mixed

The US Dollar held up on news that major US tax reform had taken another step toward the statute book. Data-starved equity traded on more


US Senate approves tax bill, drives USD higher

Brexit will take center stage again on Monday as Great Britain and Europe are on the brink of sealing a divorce deal, which is expected to shake up market sentiment. Theresa May is expected to travel to Brussels and break the deadlock surrounding Brexit talks.


USD/CAD Options Prices Rising Ahead of BoC, More Selling Anticipated

Short-term implied volatility differential between short and intermediate-term largest for the Canadian dollar ahead of BoC rate meeting on Wednesday.


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