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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 Three-Month Lows

The House of Commons vote is now just a week away, and Brexit is taking on an increasingly negative tone as the vote nears. But

 

AUD/USD stays quiet around mid-0.73s ahead of RBA meeting

The AUD, which suffered heavy losses on rising trade war concerns in the last couple of months due to Australi’s economic ties to China, rebounded str

 

NZD/USD on track to record highest daily close in more than 5 months above 0.69

The NZD/USD pair started the week with a 50-pip bullish gap as the kiwi gathered strength after reports of the U.S. and China agreeing to a ceasefire

 

USD/CAD Technical Analysis: Greenback regains some poise against the Loonie as 1.3240 is the next short-term bull target

USD/CAD daily chart USD/CAD is trading in a bull trend below the 200-day simple moving average (SMA). USD/CAD took deep dive to the 1.3150 level.

 

GBP/USD fails to preserve gains, calms down below mid-1.27s

Although the GBP/USD pair took advantage of the broad-based USD weakness and rose above the 1.28 handle on Monday, it failed to extend its rally in th

 

GBP/USD Technical Analysis: Cable finds support at the October low as 1.2800 becomes the next bull target

GBP/USD daily chart GBP/USD is trading in a bear trend below the 200-day simple moving average (SMA). Cable bears want to reach the August lows at

 

AUD/USD & US/China trade truce: Trump’s Christmas sleigh may not carry the present Xi or Aussie bulls have hoped for

We are entering the last few weeks of the year which will hold some key risk events, including the RBA, nonfarm payrolls, the Fed and the Brexit Parli

 

USD/JPY Technical Analysis: 113.60 resistance capping bullish advances

USD/JPY daily chart USD/JPY is trading in a bull trend below the 50, 100 and 200-day simple moving average (SMA). USD/JPY 4-hour chart USD/J

 

EUR/USD rebounds from 1.1320 back above 1.1350

The EUR/USD pair rose further but remained below European session highs. It climbed back above the 20-hour moving average, and it is trading at 1.1357

 




EUR/USD and GBP/USD Forecast December 4, 2018

The Euro had a back and forth type of trading session on Monday as traders came back from the weekend. There was a certain amount of optimism due to the Unit…

 

USD/JPY and AUD/USD Forecast December 4, 2018

The US dollar gapped higher during early trading on Monday, came back to fill the gap, and then rally again. Ultimately though, the market has been in a bull…

 

AUD/USD Ignores RBA in Favor of Risk Trends, Losses May Resume

AUD/USD rose slightly as the Reserve Bank of Australia kept the OCR at 1.50%, but upside follow-through may be threatened by negative RSI divergence and

 

G20 Lifts 2019 Fed Hike Bets, USD Fights Back. Asia Stocks at Risk

The G20 Summit offered increased risk appetite, but that died down as the US Dollar trimmed losses as 2019 Fed rate hike bets gained. Asia

 

GBP/USD mired in 1.2750 ahead of BoE Gov Carney’s Brexit agreement testimony

With last weekend’s G20 Leaders’ Summit, and the short-lived pump for risk appetite that followed, clearly behind us, investor concerns have once agai

 

AUD/USD ticks higher as RBA said terms of trade have been stronger than earlier expected

The AUD/USD jumped 16 pips to a session high of 0.7365 after the Reserve Bank of Australia (RBA) kept interest rates unchanged at a record low of 1.5

 

EUR/USD risks downside this week – Barclays

In the view of the Barclays Research Team, the EUR/USD pair is exposed to downside risks this week amid an expected broad-based US dollar rebound. Ke

 

USD/JPY hits 4-day low amid falling treasury yield

The anti-risk Japanese yen is pushing higher against its American counterpart amid losses in the treasury yields. At press time, the USD/JPY pair is

 

When is the RBA’s Rate Statement, and how could it affect the AUD/USD?

RBA Rate Statement overview The Reserve Bank of Australia (RBA) drops their latest interest rate decision at 03:30 GMT, alongside the central bank’s

 

S&P 500, AUDUSD or USDCNH – Which is the Better Trade War Play?

Risk trends responded enthusiastically to the post-G20 news, but will the likes of the S&P 500 find a lasting rally in this news?

 

GBP/USD: Starting to erode the bottom of its 4 month trading range – Commerzbank

According to Karen Jones, Analyst at Commerzbank, GBP/USD pair has started to erode the bottom of its 4 month trading range and will find initial resi

 

EUR/USD firmer, approaches 1.1400

The buying bias around the single currency stays well and sound so far in the first half of the week and is now pushing EUR/USD to test daily highs ne

 




GBP/USD Technical Analysis: Trapped near major support just above 1.2700

GBP/USD, 5-Minute Rapid periods of Brexit-based bidding is frequently sending the Cable higher, but the pair remains in a rough downside channel,

 

EUR/USD: Maintain a slightly positive bias – Commerzbank

In view of Karen Jones, Analyst at Commerzbank, EUR/USD currently seems reluctant to break down presently, after it held sideways yesterday as any att

 

USD/JPY Technical Analysis: Quick drop into 113.00 reveals firm support

USD/JPY, 5-Minute The 113.40 region could prove to be a critical near-term level, as a retest of the area could confirm a bearish break of a roug

 

Technical Outlook for USD Index, EUR/USD, USD/CAD, Gold Price & More

The DXY may continue to get bottled up into the end of the year, Euro triangle developing near-term, USD/CAD trend-line broken, gold may become more

 

USD Price Eases Further Despite Doubts About US-China Trade War Truce

An inversion of the US Treasury yield curve is keeping the USD price under downward pressure as skepticism emerges that a long-term US-China trade war

 

Dollar General’s stock falls after sales beat, but full-year outlook was lowered

Share of Dollar General Corp. DG, +0.64% sank 6.0% in premarket trade Tuesday, after the discount retailer reported fiscal third-quarter revenue that

 

Technical Outlook for USD Index, EUR/USD, USD/CAD, Gold Price & More

The DXY may continue to get bottled up into the end of the year, Euro triangle developing near-term, USD/CAD trend-line broken, gold may become more bullish….

 

Have a nice trading!




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