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
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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. |
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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!
