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USD Daily Review December 3, 2019

USD Daily Review for December 3, 2019

New Zealand Dollar Price Outlook: NZD/USD Breakout Goes Parabolic

A breakout in Kiwi takes price into initial resistance targets early in the week. Here are the levels that matter on the NZD/USD weekly chart heading into December.


Gold Price Outlook: Support Holds, but Bulls Calm on USD Drubbing

It’s been a slow three months in Gold as buyers have backed off the bid. But the bullish trend isn’t yet dead, and its return appears to be a matter of timing.


US Dollar Forecast: USD/JPY Sinks on Trade War Fears, Weak Data

The Japanese Yen won out versus the US Dollar on Monday as trade war fears and weak economic data injected a degree of risk aversion into the market. Where is USD/JPY headed next?


US Dollar Forecast: Higher Yields Required for Further DXY Index Gains

The US Dollar will need a new source of fuel now that Federal Reserve interest rate cut pricing has been pushed back significantly.


Canadian Dollar Price Outlook: USD/CAD Bull Pennant Near Resistance

USD/CAD bulls came back in November to claw back October losses but an imposing zone of resistance lurks overhead.


NZD/USD Surges, GBP/USD Muted, Crude Oil Spikes – US Market Open

NZD/USD Surges, GBP/USD Muted, Crude Oil Spikes – US Market Open


Crude Oil Plummets as Dow, Gold and USD Cling to Familiar Levels

The Dow Jones, gold and the US Dollar traded within their recent ranges last week as crude oil suffered a significant retracement on Friday as supply concerns worked to pressure the commodity lower.


Sterling – GBP/USD, EUR/GBP, GBP/NZD and FTSE – Updated Charts

Sterling is trapped in a narrow range in early trade with UK General Election polls the main driver. The latest daily charts may give us some insight into what lies ahead.


Forex Today: Dollar starts the week with the wrong footing

Here is what you need to know Monday, November 3rd: The dollar was the worst performer, falling against all of its major rivals on the back of a disma


USD/CHF reverses sharply from 1.0000 and tumbles toward 0.9900

The USD/CHF pair reversed dramatically after posting on Friday the highest daily close since June. Last week it traded above the parity level and toda


AUD/USD marks fresh highs for the day ahead of key risk events

AUD/USD has been carving out a strong run to the upside at the start of the week. AUD/USD has reached a high of 0.6822, rising over 0.90% from a low o


USD/CAD Technical Analysis: Greenback stable near 1.3300 against CAD

The loonie on the daily chart is hanging near the November highs while trading above the main daily simple moving averages (DMAs). The currency pair remains c


USD/JPY tumbles toward 109.00 on trade war fears, US data

The USD/JPY pair is falling sharply on Monday, having the worst performance in over a month. Earlier today the pair reached the highest intarday level


EUR/USD Technical Analysis: Euro starting December with high volatility breakout

The euro/dollar currency pair, on the daily time frame, is trading in a downtrend below the 100 and 200-day simple moving averages (DMAs). However, this Monday


Breaking: EUR/USD breaks above 1.1050 on weak ISM Manufacturing PMI


Technical Trade Levels: US Dollar, EUR/USD, USD/CAD, Gold & Oil…


Gold Technical Analysis: XAU/USD rolling into Asia below $1465/oz

Gold is starting the last month of 2019, questioning the 1465 resistance level while trading below the 50/100-day simple moving averages (SMAs). However, the m


EUR/USD Technical Analysis: Fiber rolling into Asia near 1.1080 level

EUR/USD currency pair, on the daily time frame, is trading in a bear trend below the 200-day simple moving averages (DMAs). However, this Monday, the market ha


USD/JPY and AUD/USD Forecast December 3, 2019

For additional up-to-date Forex Trading information: News (, Technical Analysis (…


EUR/USD and GBP/USD Forecast December 3, 2019

For additional up-to-date Forex Trading information: News (, Technical Analysis (…


Australian Dollar Gains As RBA Holds Rates as Expected. GDP Up Next

The Australian Dollar got a lift when the Reserve Bank left the Official Cash Rate on hold at its latest record low.


Australian Dollar Could Fall Sharply if RBA QE Becomes ‘Live’

The Australian Dollar has wilted through November partly thanks to its lack of monetary policy support. At least one major domestic bank thinks it has even less than markets reckon.


EUR/USD Opening Range in Focus as US Mulls Higher Tariffs for Europe

The monthly opening range is in focus for EUR/USD as the Trump administration looks poised to raise tariffs on European goods.


USD/IDR Technical Analysis: 50% Fibonacci questions run-up to 200-DMA

With its failure to extend the previous run-up to late-October tops, USD/IDR witnessing profit booking towards 14,120 during early Tuesday.


GBP/USD stops further recovery ahead of NATO summit, UK construction PMI

GBP/USD fails to ignore the broad US dollar (USD) recovery while declining to 1.2940 during pre-London open on Tuesday.


EUR/USD logs biggest single-day rise since Sept. 17

EUR/USD jumped 0.58% on Monday, printing its biggest single-day rise since Sept. 17. Monday’s sharp rise to a 12-day high of 1.1090 has neutralized th


AUD/USD little changed after RBA leaves rate unchanged at 0.75%

The Reserve Bank of Australia (RBA), at its December monetary policy meeting held this Tuesday, maintained its official cash rate (OCR) at a record lo


USD/JPY Technical Analysis: 100-bar SMA keeps buyers hopeful

USD/JPY takes the bids to an intra-day high of 109.15 by the press time of early Tuesday. The quote recently bounced off 100-bar SMA.


USD/INR Technical Analysis: Wednesday’s close pivotal

USD/INR created an inside day candlestick pattern on Monday, signaling indecision in the market place. The candlestick pattern has weakened the immedi


Depreciation pressure on Chinese yuan vs. USD has eased – China Press

The China Securities Journal carried an opinion piece on Wednesday, citing Wang Lijuan, a deputy researcher at the China Banking Association, as he ex


USD/CNH Technical Analysis: Steps back from 7.0456/55 resistance confluence

Failure to rise past 50-day Exponential Moving Average (EMA) and 38.2% Fibonacci retracement of September-November fall drag the USD/CNH pair to 7.042.


NZD/USD technical analysis: Logs biggest daily gain in 13 months, breakout confirmed

NZD/USD jumped 1.32% on Monday to print the biggest single-day gain since Nov. 1, 2018. On that day, the pair had rallied by 2%. Monday’s solid rise h


When is the RBA Rate Decision and how could it affect AUD/USD?

The Reserve Bank of Australia (RBA) is all set to announce the latest monetary policy decision at 3:30 am GMT on Tuesday.


RBA Coverage: AUD/USD, AUD/JPY, AUD/CAD, AUD/NZD Outlook with Daniel Dubrovsky

DailyFX Analyst Daniel Dubrovsky covered December’s RBA rate hold and talked about the fundamental and technical outlook for the Australian Dollar. He discus…


USD/JPY holds steady above 109.00 handle, lacks follow-through

The USD/JPY pair regained some positive traction on Tuesday and recovered a part of the previous session’s sharp intraday slide to near one-week lows.


AUD/USD clings to post-RBA gains, sits near 3-week tops around mid-0.6800s

The AUD/USD pair built on the post-RBA positive momentum and has now climbed to near three-week tops, around the 0.6845-50 region. The pair added to t


Gold: Back in the red around $ 1460 amid USD comeback

Gold failed to capitalize on its recent recovery and fell back into the red zone on Tuesday, in response to the broad-based US dollar come back from w


Forex Today: Trump’s tariffs weigh on USD before meeting Boris, AUD surges, EUR rising

Global markets are concerned by President Donald Trump’s intention to slap tariffs on French products, worth $2.4 billion, in response to France’s dig


US Dollar Could Gain Versus SGD, PHP, IDR on World Trade Tensions

The Singapore Dollar, Philippine Peso, Indonesian Rupiah and Malaysian Ringgit could depreciate against the US Dollar as US-China and US-EU trade tensions escalate.


AUD/USD Outlook May Soon Darken, Hints ASX 200 Price Action

The Australian Dollar has enjoyed an explosive recovery against its US namesake but its local stock index, the ASX 200, hints that gains may be fleeting.


EUR/USD Technical Analysis: Immediate target shifted to the 1.1100 region

EUR/USD has regained strong upside impetus and broke above the key hurdles at the 55-day and 100-day SMAs at 1.1040 and 1.1076, respectively. Immediat


Breaking: GBP/USD surges above 1.30 amid favorable polls, USD weakness


US Dollar Index Technical Analysis: Further downside expected to hold around 97.60, the 200-day SMA

DXY is extending its retracement after failing to surpass the 98.50 region on a convincing fashion in past sessions. Key support area emerges at the 2


USD/INR hits three-day lows near 71.50, focus shifts to RBI

The Indian rupee extends gains for the second straight day on Tuesday, as USD/INR retreats further from five-day highs of 71.87 reached last Friday. A


USD/CHF hammered down to sub-0.9900 levels, 2-week lows

The USD/CHF pair witnessed some follow-through selling on Tuesday and dropped to near two-week lows, below the 0.9900 handle in the last hour. Having


USD/CAD trades with modest losses, just below 1.3300 handle

The USD/CAD pair came under some renewed selling pressure on Tuesday and eroded a major part of the previous session’s positive move. The pair continu


UK construction PMI rises to 45.3 in November – GBP/USD stays below 1.3000

The construction sector activity in the UK improved slightly last month, the latest survey report from Markit Economics showed this Tuesday. The final


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