News Reviews USD 

USD Daily Review December 3, 2018

USD Daily Review for December 3, 2018

Market Chatter About Rise Of ‘Petro-Yuan’ Misses Mark By Several Trillion Dollars

China may have launched a yuan-backed oil futures contract but there’s little to suggest it will break the dollar’s grip on the global crude trade.


Weekly Technical Forecast: EURUSD and Equities Held Off Critical Breaks in November, Will they Manage the Same in December?

November has come to a close and many benchmark assets have ended the period staving off critical technical breaks. The Dow held an increasingly overt


EUR/USD Weekly Technical Forecast: Euro Price Action Contraction

The Euro has been an indecisive animal and that looks set to continue as a triangle pattern looks to be in the works before making


US Dollar May Rise on Economic Data Flow, Powell Testimony

The US Dollar may rise as incoming economic data and clarifying remarks from Chair Powell revive bets on a robust interest rate hike cycle in


USD/JPY Rate Vulnerable to Less-Hawkish Fed Testimony

USD/JPY may consolidate ahead of the last Federal Reserve meeting for 2018 as the exchange rate preserves the range-bound price action from November.


Dollar Feigns Confidence but Depends on Liquidity to Save Its Bull Trend

The Dollar has maintained its general bullish bias of the past 10 months, but progress has been fraught with indecision. Course setting and perhaps even


Price Action Muted for USDCAD Until Next Decisive Move

The USDCAD currency pair experienced a steady ascent since early October but fading technical indicators may jeopardize the bullish uptrend.


Australian Dollar Looks To Trump, Xi In Argentina, RBA Policy Meet

The Australian Dollar remains buoyed up against its US rival, and any signs of a trade thaw between Washington and Beijing could lift it further


Aussie Bulls Beware: AUD/USD, AUD/JPY May Fall as EUR/AUD Gains

Australian Dollar bulls could be running out of steam, AUD/USD and AUD/JPY prices are showing signs that a turn lower could come ahead. EUR/AUD on


Central Bank Weekly: US Dollar Hamstrung after Fed Signals Dovish Shift

All signs point to the FOMC reducing its glide path in December, which is bad news for the greenback.


United States CFTC USD NC net positions declined to $215.4K from previous $224.3K

United States CFTC USD NC net positions declined to $215.4K from previous $224.3K


USD/JPY Technical Analysis: US Dollar bulls break above 113.60 resistance

USD/JPY daily chart USD/JPY is trading in a bull trend above the 200-day simple moving average (SMA). USD/JPY daily chart USD/JPY is resumin


Webinar: Central Bank Weekly: US Dollar Hamstrung after Fed Signals Dovish Shift

DailyFX Senior Currency Strategist Christopher Vecchio, CFA discusses the major central banks’ monetary policies and their implications for FX markets over t…


USD/JPY and AUD/USD Forecast December 3, 2018

The US dollar rallied a bit during the trading session on Friday against the Japanese yen, breaking above the hammer from the Thursday session. The market co…


AUD/USD: Opening bullish gap on trade war truce; Eyes on 38.2% fibo and 200-D SMA

AUD/USD is continuing within its comeback from the October lows, rallying in style from the last major supported area of 0.7221. AUD/USD has been bid


GBP/USD remains constrained below 1.2800 as Brexit angst begins to ramp up

GBP/USD has managed to recover to familiar levels near 1.2770, following the broader market upwards in early Monday action as recovering risk appetite


EUR/USD: Risk-on could pave way for a move above key hurdle of 1.1402

The EUR/USD was mildly bid in Asia and could soon scale the key resistance at 1.1402 if the Chinese yuan (CNY) and the equities continue to cheer the


EUR/USD Technical Analysis: 1.1402 is the level to beat for the bulls

The EUR/USD fell close to 90 pips on Friday, neutralizing the bullish view put forward by the outside-day reversal. That bearish move has established


NZD/USD hits five-month high on US-China trade armistice

The NZD/USD opened at a five-month high of 0.6917 on fading US-China trade tensions. The US President Trump and his Chinese counterpart Xi Jinping re


AUD/USD holding 0.7350 on better-than-expected Caixin PMI headline

The AUD/USD finds itself trading into the 0.7350 level, with intraday support coming from a better-than-expected Caixin PMI from China, while the 90-d


EUR/USD flirts with session tops near 1.1380

The better tone in the risk-associated space is now lifting EUR/USD to the area pf fresh daily highs in the 1.1375/80 band. EUR/USD higher post G20,


EUR/USD Technical Analysis: Early Monday bullish action could face near-term challenges

EUR/USD, 5-Minute Although the pair looks set to continue the current push off of a higher low, technical indicators are set for a return to the


EUR/USD: Maintain a positive bias – Commerzbank

Analyst Karen Jones at Commerzbank, explains that the EUR/USD had an outside day to the upside last week, which suggests a reluctance to break down pr


USD/JPY Technical Analysis: Softening up at 113.50

USD/JPY, 15-Minute Hourly candles have the pair returning to the key 200-hour moving average near 113.30, but USD/JPY remains in a bullish stance


Weekly CoT Update for Gold, GBP/USD, and Other Major Markets

No real jump-off-the-page one-week changes, but it is worth noting that large speculators are covering GBP into weakness at an unusual rate, while gold traders


AUDUSD: Trade Tariff Rally Brings Resistance into View

AUSUSD jumps at the start of the European session after the US dials back tariff threats and announces a 90-day trade ceasefire.


USD Price Dip on US-China Trade Ceasefire Could be Brief

The US Dollar is modestly weaker in Europe Monday on the truce in the US-China trade war but it could well rally in the days


EUR/USD under pressure near 1.1330 ahead of ISM, Fedspeak

The demand for the European currency stays subdued at the beginning of the week, motivating EUR/USD to leave behind earlier tops and retreat to the 1.


GBP/USD trims gains and retreats to the mid-1.2700s

After climbing to fresh highs beyond 1.2820, GBP/USD has now faded that initial optimism and is now navigating the mid-1.2700s, just clinging to its d


US Dollar Index finds support near 96.70, ISM eyed

The US Dollar Index (DXY), which tracks the greenback vs. a basket of its main competitors, has started the week on the defensive dropping to the 96.7


Have a nice trading!

Related posts