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USD Daily Review December 27, 2018

USD Daily Review for December 27, 2018

USD/JPY Weakness to Persist as RSI Pushes Into Oversold Territory

Recent developments in the RSI raises the risk for a further depreciation in USD/JPY as the oscillator sits in oversold territory for the first time


AUD/USD clings to small gains above 0.7050 despite USD strength

Despite a broad-based USD strength on Wednesday, the AUD/USD pair advanced to a daily high of 0.7070 and was last seen trading at 0.7055, where it was


USD/CAD retreats from highs on oil rally, trades below 1.36

After climbing to its highest level since May of 2017 at 1.3617, the USD/CAD erased its gains and was last seen trading at 1.3580, where it was down 0


EUR/USD drops below 1.14 as USD gathers strength despite thin trading conditions

After closing the first couple days of the holiday-shortened week with modest gains, the EUR/USD pair came under pressure on Wednesday and erased its


GBP/USD spikes lower on a broad based dollar strength, S3 to give way to 1.26 the figure

GBP/USD has pierced the 10-D SMA while the greenback has rallied from 96.57 to a high of 97.00 in a surprisingly strong rally on Wall Street with the


EUR/USD and GBP/USD Forecast December 27, 2018

The Euro broke apart during the trading session on Wednesday as traders came back to work, as the US stock markets rallied a bit. This put upward pressure on…


NZD/USD in a sideways drift on 0.67 handle awaiting volume and a fresh catalyst

NZD/USD has drifted sideways in a quiet Asian session in the holiday season as traders drift in back to their desks ahead of the weekend and New Year


USD/JPY advances above 111.30 boosted by risk appetite

The USD/JPY pair extended its daily rally and rose above the 111.30 mark as the upbeat market mood weighed on safe-havens such as the JPY. As of writi


Australian Dollar Slips As China Industrial Profits Log Shock Fall

The Australian Dollar wilted on Thursday as Chinese industrial profits slipped into negative territory for the first time since late 2015


USD is living on borrowed time – TDS

Analysts at TD Securities suggest that there are clear takeaways from the most recent Fed meeting that will have an appreciable impact on the broad US


EUR/USD shuffling back towards 1.1390, sellers remain steady and undisutne

With little momentum driving broader markets, EUR/USD has caught steady lift in early Thursday action, rising into 1.1380 from Wednesday’s low of 1.13


USD/JPY Technical Analysis: Slipping back into 111.00 as buyers disappear

USD/JPY, 5-Minute The Dollar-Yen pairing still remains firmly bearish in the near-term, lacking a workable higher low for bidders to launch from


AUD/USD: Consolidating in a tight range in upper 0.70’s awaiting a catalyst

AUD/USD has been recovering overnight as US markets opened following a day off from Christmas Day and rallied from 0.7045 to 0.7072 as stocks and risk


Yen, US Dollar Aim Higher as Political Swings Rattle Markets in 2019

The Japanese Yen and the US Dollar may rise alongside Treasury bonds as political turmoil continues to rattle global financial markets in 2019.


AUD/USD extends the drop to 0.7040, China data weighs

The AUD/USD pair is seen extending its Asian decline in the early European dealing, as the sellers remain in control amid a sell-off in the risk


USD/JPY clipping into the 111.00 handle as the greenback recovers

USD/JPY is cycling at the 111.00 handle after catching a lift on Wednesday as market flows saw the greenback catch a bid, and markets are keeping the


USD/CAD Technical Analysis: Forming a holding pattern at the top just south of 1.3600

USD/CAD, 5-Minute The USD struck a new near-term high against the Loonie this week, and is setting up for a sideways holding pattern near the hig


GBP/USD: Upside remains capped near 1.2670 on Brexit anxiety, thin trades

The bounce in GBP/USD lost legs near the 1.2670 level, now consolidating in a tight range just ahead of the midpoint of the 1.26 handle, as the bears


AUD/USD recovers modestly from daily lows, trades around mid-0.70s

The AUD/USD pair came under pressure during the Asian trading hours after the data from China showed that the industrial profits in December declined


USD/JPY drops below 111 as risk appetite deteriorates

After closing the previous day with an impressive 80-pip gain, the USD/JPY pair reversed its course on Thursday and eased below the 111 mark. As of wr


USD/CAD jumps to 1.3630 on Oil sell-off, strongest since May 2017

The USD/CAD pair finally breaks the upside consolidative channel on Thursday and reaches the highest levels since May 2017 at 1.3633, as the Loonie co


Gold headed back to 6-month tops near 1280 amid fresh USD selling

Gold (futures on Comex) found fresh bids once again near the 1269 level, prompting a fresh rally in the European session, as the bulls yearn to reclai


Have a nice trading!

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