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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 hints the bullish pattern is incomplete. Learn about the EUR/USD forecast using Elliott Wave theory.


U.S. Dollar Falls to Fresh Two-Month Lows Ahead of Busy FX Calendar

This week’s calendar picks up a bit after the holiday-shortened outlay from last week. Already a number of key themes are putting in interesting moves


USD/JPY and AUD/USD Forecast November 28, 2017

The US dollar has found a bit of support at the 111 level against the Japanese yen, but face is a significant amount of resistance above at the 112 handle. W…


EUR/USD and GBP/USD Forecast November 28, 2017

The EUR/USD pair initially rallied on Monday, but found enough exhaustion above the 1.19 level to roll over and form a shooting star. I believe shooting star…


CAD Weakness Backed By Yield Spread, USD/CAD Upside Favored

Canadian Dollar weakness may be a theme through year end as support for USD/CAD continues to build when looking across markets for explanations.


USD: Changing Our Fed Call To 3 Hikes Next Year – Nomura

Nomura Research made a change to its Fed call and now expects more interest rate hikes next year and in 2019.”With the combination of momentum in aggregate demand, tightening labor markets, some evidence of a rebound in inflation, and resilient financial conditions, we think the FOMC will raise short-term interest rates somewhat more over the


US Dollar May Rise as Powell Endorses FOMC 2018 Policy Outlook

The US Dollar may rise if Jerome Powell hints the latest FOMC forecast seeing three hikes in 2018 still seems appropriate in a confirmation hearing


USD/JPY Strategy: Down Move Stalls But Bias Remains Bearish

The US Dollar has paused to digest losses after hitting the lowest level in two months against the Japanese Yen but overall positioning hints further


USD/CHF May Be More Tradable Than EUR/USD

The Dollar is by-far the most liquid of the FX majors. It also has some of the largest fundamental hang-ups.


Risk Trends Cold on Liquidity Return as China Strains, Dollar Weighs Powell

The first trading session after the US holiday-drained week behind us didn’t set a strong precedence for a roaring recovery in risk trends and market


GBP/USD Approaching Important Technical Level Near 1.34

GBP/USD topped then dropped. Now it appears to be moving higher in a corrective pattern. See the Elliott Wave count for a GBP/USD move lower.


Asia AM Digest: Is the US Dollar Trading as a Haven Yet Again?

The US Dollar traded higher alongside the Yen and Treasury bonds while the S&P 500 declined, hinting the greenback may be reclaiming its safe-haven credentials.


Asian Markets See Mixed, Muted Trade As US Dollar Firms

Asian markets were subdued by a lack of local economic data and by the wait for more significant news coming up in the remainder of


AUD/USD Technical Analysis: Down Trend May Be Resuming

The Australian Dollar corrected higher against its US namesake as expected but the down trend started in early September may now be resuming.


Have a nice trading!

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