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USD Daily Review December 31, 2018

USD Daily Review for December 31, 2018

First Quarter 2019 Fundamental Forecasts for the US Dollar, Euro, Oil, Equities, and More

The fourth quarter and 2018 are now in the books, and the ongoingresurgence of market volatility and uncertainty around key thematic influences are set to


US Dollar Q1 Technical Forecast: Fading Excitement Leads to Range as Bulls Shy Away from 98.00

The door could open to a deeper potential pullback in the US Dollar considering the currency’s rangebound environment over the secondhalf of Q4.


British Pound Q1 Technical Forecast: GBP/USD Shows Little Sign of Relief from Bearish Pressure

Losses persisted in the fourth quarter as Brexit/Political uncertainty showed little signs of abating, which in turn saw GBPUSD fail to maintain a foothold above


Japanese Yen Q1 Technical Forecast: Why USD/JPY Prices Might Fall in Q1 2019

Buyers of the Japanese Yen did their job in averting a major selloff in the currency during the final quarter of 2018.


US Dollar Q1 Fundamental Forecast: USD Buffeted by Market Volatility, Fed, Politics

The fundamental backdrop looks exceptionally tumultuous with several conflicting themes and complications making it difficult for the market to establish a prevailing trend.


USD/JPY Sentiment: Net-Long Reaches a 9-month High

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


EUR/USD Weekly Price Outlook: Euro Trading Levels Heading into 2019

Euro has defended 1.13 for the past six-weeks with price now testing monthly range highs. Here are the levels that matter on the EUR/USD weekly


USD/JPY Initiates Bearish Series Even as Bearish Momentum Abates

Recent price action keeps the downside targets on the radar for USD/JPY ahead of the NFP report as the exchange rate initiates a fresh series


USD/MXN: Mexican peso posts highest weekly close since October

The USD/MXN pair dropped on Friday to 19.60, hitting the lowest level intraday level since November 7. It is about to end the week moving sideways bet


USD/CAD turns flat on the day near 1.36 as oil recovers modestly after EIA data

After inching closer to 1.3659 and coming within a couple of pips of the 19-month high that was posted yesterday, the USD/CAD pair lost its traction a


GBP/USD consolidates gains and continues to test 1.2700

The rebound of GBP/USD from 1.2630 found resistance below the 1.2700 area. It failed to break higher and pulled back modestly. As of writing trades at


USD/JPY goes into consolidation below 110.50

Following a slide to 110.20 area during the European trading hours, the USD/JPY staged a small rebound and started to move sideways as the trading vol


EUR/USD retreats to 1.1450 following disappointing German CPI data

With the initial reaction to the CPI data from Germany, the EUR/USD pair pulled away from the weekly highs that it set earlier in the session at 1.147


USD/JPY and AUD/USD Forecast December 31, 2018

The US dollar fell again against the Japanese yen, as we continue to see a lot of bearish pressure. The market has been in a very negative trend over the las…


EUR/USD and GBP/USD Forecast December 31, 2018

The Euro rallied initially during the session on Friday but continues to find resistance above the 1.1450 level. By doing so, we rolled over to form a bit of…


AUD/USD bulls defending the 76.4% retracement level of late Dec rally

AUD/USD traded on Friday’s closing subsequent to political noise yet again. The US stock market has been the driver of the flows in the FX space over


USD/PHP Eyes CPI. Asia Markets Await US Shutdown News, Jobs & Fed

US Dollar weakness boosted ASEAN currencies. The Philippine Peso eyes domestic inflation data. Asia markets await key US new around jobs, the shutdown and Fed


First Quarter 2019 Technical Forecasts for the Dollar, Pound, Gold, Equities, and More

The fourth quarter of 2018 produced key technical progressions across multiple asset crosses, setting up what should be a significant first quarter of 2019.


GBPUSD heads into the new year hobbled at 1.2700

GBP/USD continues to play into the middle, firmly planted just south of the 1.2700 handle as apprehensive Cable traders see little reason to buy headi


EUR/USD rangebound below 1.1450 ahead of New Year’s shutdown

EUR/USD is seeing some downside play in thin Asian markets, testing into 1.1425 as the major pair struggles within trading ranges established late las


AUD/USD lifted into 0.7060 on trade hopes

AUD/USD caught a mild bid heading through the year’s end trading window, rising to an intraday high of 0.7067 as investors begin to allow themselves a


USD/JPY stationary heading into 2019, but Chinese PMIs could offer…something…

USD/JPY has dropped from the early Dec highs on the 114 handle and has been sliding as stock markets put on a show into year end. Investors are lookin


NZD/USD consolidates ahead of Chinese PMIs

The bird is perched on the 0.67 handle awaiting a catalyst that may come in today’s Chinese PMis considering the angst surrounding China’s slowing eco


USD/CAD sticking to highs above 1.3600 heading into 2019

USD/CAD is trading steadily near 1.3630 as traders buckle down for rollover into 2019 and Tuesday’s market holiday, with broader market volumes grindi


Have a nice trading!

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