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USD Daily Review December 28, 2018

USD Daily Review for December 28, 2018

GBPUSD: Prices May Fall While Traders Remain Net-Long

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBPUSD-bearish contrarian trading


Canadian Dollar Weekly Price Outlook: Loonie at Turn or Burn Pivot

USD/CAD is up nearly 7% off the October low with price now approaching a critical inflection zone. Here are the levels that matter on the


EUR/USD Shifts to a Mixed Bias

The combination of current sentiment and recent changes gives us a further mixed EURUSD trading bias.


US Dollar Grasps on to Fibonacci Support as Yen Strength Remains

The US Dollar is holding on to a key area of Fibonacci support as year-end nears, and Yen bulls have kept the Japanese currency moving


USD/MXN drops sharply below 20.00, heads for lowest close in two months

The Mexican peso rose sharply against the US dollar on Thursday despite the slide in equity prices in Wall Street. The risk aversion tone in Wall Stre


EUR/USD: Back on gradual recovery path towards 1.20 – UOB

Analysts at UOB, explained that the the ingredients for a more sustainable recovery in the EUR against the US dollar are now falling into place in 20


USD/JPY Technical Analysis: Negative bias, 110.00 exposed

USD/JPY 15-minutes chart The stronger yen could test 110.00 relatively soon. If it breaks below the next target is 109.60, the 50% Fibonacci retr


EUR/USD climbs to weekly highs near 1.1450 as greenback continues to weaken

After spending the majority of the day fluctuating below the 1.14 mark, the EUR/USD pair started to climb in the second half of the day and refreshed


USD/CAD advances to fresh 19-month high, trades near 1.3650

After spending the majority of the day near the 1.36 handle, the USD/CAD pair gathered strength during the NA trading hours and advanced to its highes


Global stocks have stolen the show and send USD/JPY back to 110.63

USD/JPY has been tracking the gyrations of the stock markets in thin holiday trade whereby US stocks on Wednesday rallied hard following Mastercard’s


AUD/USD renews lowest level since Feb 2016, comes within a touching distance of 0.7000

Despite the broad-based USD weakness on Thursday, the AUD/USD pair turned south and refreshed its lowest level in more than 30 months at 0.7015. As of


EUR/USD rises above 1.14 as greenback weakens amid falling T-bond yields

Following a slump toward the 1.1350 area, the EUR/USD pair gained traction in the early NA session and rose above the 1.14 mark as the falling T-bond


GBP/USD continues to fluctuate in tight range above 1.26

The GBP/USD pair is trading in a relatively tight range on Thursday amid a lack of fresh fundamental drivers and thin holiday trading conditions. As o


EUR/USD and GBP/USD Forecast December 28, 2018

The Euro rallied significantly against the US dollar during trading in a very strange session. Bond yields fell, meaning that money was flying into the Unite…


NZD/USD: Bears remain in control and eye the 23.6% Fibo target

The Antipodeans have traded in tandem with the performances of stocks and Chinese data. The Kiwi was weaker the back of CN industrial profits turning


EUR\USD to find a bottom in 1Q 2019? – OCBC

According to analysts at OCBC Bank, the slowing economic momentum in Europe is the main concern for the ECB which is likely to result in cautious guid


GBP/USD testing offers near 1.2670 again amid weaker USD

The GBP/USD pair is trying hard to take on its steady recovery mode from near 1.2640 lows beyond the 1.2670/75 supply zone, as the sellers continue to


EUR/USD ticking towards 1.1500, market sentiment leaning bullish for the week’s end

EUR/USD is cycling near 1.1450 ahead of the European market session, catching some tentative lift as markets edge out some risk appetite in the post-h


USD/JPY fades a spike to 110.80, focus on US data

The USD/JPY pair extends its overnight descent in the Asian trading and tested the 110.50 level, with supply capping the recovery attempts near 110.85


AUD/USD testing into 0.7050 as Pacific theater steps higher

AUD/USD is trading upwards from Thursday’s low of 0.7015 as the Pacific markets follow Wall Street’s closing lead, with risk appetite looking for a li


USD/JPY is testing the top side of bullish flag, 111.00/20 break out zone

USD/JPY has been correlated to the stock markets in thin holiday trade. Initially, the pair was able to rally on the back of US stocks bursting to the


USD\SGD to gradually drift towards 1.40 – UOB

In view of analysts at UOB, the trajectory for SGD has little changed and is still likely to mirror the gradual weakness of the CNY in 1H19. Key Quot


EUR/USD Technical Analysis: Nearing the top end of a sideways channel at 1.1480

EUR/USD, 5-Minute Key resistance formed over the last two weeks at the 1.1490 peak, which could wind up capping any bullish extensions heading in


CNY to continue its gradual continued weakness past 7.00 to the USD – UOB

Analysts at UOB, suggest that the recent escalation in tension in US-China relationship is unlikely to derail USD/CNY materially from its upside traje


USD/CAD ticking towards 1.3650

USD/CAD is cycling near 1.3630 as the Canadian Loonie, hampered by lagging oil prices, plays towards the downside, giving up steady ground to the Gree


Big-picture Technical Analysis for USD, Gold Price, Crude Oil, and S&P 500

Dialing back to the longer-term charts, several major markets have interesting technical backdrops which could lead to big moves in the weeks and months ahead.


AUD/USD climbs to daily highs near 0.7070 ahead of US data

The risk-off mood and the negative market surrounding commodities and related currencies weighed on the AUD/USD pair and forced it to plummet to its l


USD/CAD pulls away from 19-month highs, trades around 1.3600

After posting its highest daily close since mid-May of 2017 at 1.3620, the USD/CAD pair stays relatively quiet on Friday as thin trading conditions ah


India FX Reserves, USD climbed from previous $393.12B to $393.29B in December 21

India FX Reserves, USD climbed from previous $393.12B to $393.29B in December 21


Have a nice trading!

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