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USD Daily Review December 4, 2019

USD Daily Review for December 4, 2019

Euro Price Outlook: EUR/USD Surges Towards Fibonacci Resistance

Euro has surged nearly 1% off the November lows with the rally now targeting initial resistance hurdles. Here are the levels that matter on the EUR/USD weekly chart.


British Pound Back to the Big Figure 1.3000: GBP/USD Price Outlook

GBP/USD is in the process of trying to break-out to fresh six-month-highs, testing above the critical psychological level of 1.3000.


AUD/USD hold sin bullish territory, awaiting Aussie GDP

Risk assets were under pressure again as trade uncertainty ripped through markets although the Aussie maintained most of its post RBA event form, desp


US Dollar Index Technical Analysis: Risk-off keeps investors away from the greenback

DXY (US Dollar Index) is trading in a bull trend just above the 200-day simple moving averages (DMA). However, the market is becoming increasingly weak and vu


EUR/USD hits fresh highs but remains limited under 1.1100

The EUR/USD pair printed a fresh weekly higher during the American session at 1.1092 but quickly pulled back under 1.1090. Near the end of the session


USD/JPY extends slide to the 108.50 area, heads for lowest close in two weeks

The USD/JPY stabilized around the 108.50 area after falling almost a hundred pips during the last two trading days. The bais still point to the downsi


Gold Technical Analysis: XAU/USD challenges the 1480 resistance near three-week’s highs

Gold is reversing up from the November lows while breaking the 1465 resistance level. It is now nearing the 50 and 100-day simple moving averages (SMAs).


USD/INR Technical Analysis: Can the buyers revisit the 72.30 level ?

USD/INR is trading in a bull trend above the main daily simple moving averages (DMAs). The market created a bull flag in November and now the price is consolid


CFTC: USD net longs slipped for an eighth consecutive week – Rabobank

Expectations that a phase 1 trade deal between the US and China could be close to being achieved coupled with another Fed rate cut in October have…


USD/JPY Technical Analysis: Greenback falls below the 109.00 handle against yen

USD/JPY is easing from the November highs while trading below the 109.00 handle and the 200-day simple moving average (DMA) on the daily chart. Risk-off is hu


US Dollar Index remains depressed near 97.70

The greenback stays on the defensive so far on Tuesday and is challenging the area of 3-week lows near 97.70 when tracked by the US Dollar Index (DXY)


EUR/USD Technical Analysis: Euro remains bid, approaching 1.1093 resistance

EUR/USD on the daily chart is trading in a downtrend below the 200-day simple moving average (DMA). However, this Monday, the spot had a strong reversal up ab


US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/CHF

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USD/JPY and AUD/USD Forecast December 4, 2019

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USD/ZAR Forecast December 4, 2019

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EUR/USD and GBP/USD Forecast December 4, 2019

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USD/JPY: Under pressure around eight-day low amid broad risk-off

USD/JPY seesaws around 108.65 during early Wednesday morning in Asia. The quote dropped the lowest since November 22 the previous day.


Gold Technical Analysis: XAU/USD enters Asia clinging to three-weeks highs near 1480 level

Gold bounced sharply from the November lows while breaking above the 1465 resistance level. The market is trading below the 50 and 100-day simple moving averag


AUD/USD and NZD/USD Outlook Bearish on Positioning Signals

The US Dollar may regain its strength against the Australian and New Zealand Dollars. Trader positioning signals warn that AUD/USD and NZD/USD could soon begin turning lower.


USD/CAD Rate Fails to Test October High Again Ahead of BoC Meeting

The failed attempts to test the October high (1.3348) may generate a near-term correction in USD/CAD as the exchange rate tracks the price action from the third quarter.


Australian Dollar Stumbles As 3Q GDP Growth Just Misses Forecasts

The perky Australian Dollar took a small knock after official growth figures saw quarterly growth just below market hopes. Annualized gains were on target however.


US Dollar Sinks as Global Trade War Woes May Fuel Yen Price Ahead

The US Dollar declined as global trade war woes fueled 2020 Fed easing bets, ahead the anti-risk Japanese Yen may gain as the Australian Dollar sinks on local GDP data.


USD/INR pulls back from nine-day high as news from S&P dims risk-off, RBI in focus

USD/INR drops to the intra-day low of 71.71 during the initial trading session of the Indian markets on Wednesday.


GBP/USD stops cheering Tory lead in UK election poll, eyes on British Services PMI

Following its run-up to the six-week top, GBP/USD takes rounds to 1.3000 while heading into the London open on Wednesday.


USD/CHF Technical Analysis: 38.2% Fibonacci, 200-DMA doubt pullback from monthly low

USD/CHF seesaws around 0.9873 while heading into the European session on Wednesday. The quote dropped to the lowest since early November on Tuesday.


EUR/USD: Bulls need big miss on US data to force a breakout

A breakout in EUR/USD will likely remain elusive unless key US data releases on Wednesday miss expectations by a big margin. The pair jumped 0.58% on


USD/JPY Technical Analysis: 50-DMA questions break of two-month-old rising trendline

USD/JPY drops to 108.50 during early Wednesday. That said, the pair nears multi-day low after breaking a two-month-old rising trend line during Tuesday.


USD/INR Technical Analysis: Bullish bias intact

The path of least resistance for the USD/INR pair is to the higher side. The 4-hour chart shows the pair is breaking higher from the bull flag, signal


AUD/USD gets no bullish impetus from above-forecast China Services PMU

Aussie dollar is not impressed by an above-forecast China service sector data released soon at 01:45 GMT. China Caixin Services PMI rose to 53.5 in No


USD/JPY slips to near 2-week lows, below mid-108.00s

The greenback remained on the defensive against its Japanese counterpart and dragged the USD/JPY pair to near two-week lows, below mid-108.00s in the


AUD/USD flirting with daily lows, still comfortable above 0.6800 handle

The AUD/USD pair is currently placed near the lower end of its Asian session trading range, albeit has still managed to hold above the 0.6800 handle a


US Dollar Index met support around 97.60 ahead of key data

The US Dollar Index (DXY), which gauges the greenback vs. a bundle of its main rivals, is trading with marginals gains near the 97.80 region. US Dolla


USD/IDR Technical Analysis: Forms rising wedge below 200-DMA

USD/IDR takes the bids to 14,120 during the pre-European session on Wednesday. The pair forms a bearish technical pattern on daily chart.


Canadian Dollar Technical Analysis Overview: USD/CAD Eyes Key Support

Canadian Dollar Technical Analysis Overview: USD/CAD Eyes Key Support


EUR/USD Forecast – Setting Up a Range Break Ahead of US ISM Data Release

EUR/USD is testing resistance at just under 1.1100 and may break higher if the US dollar continues to weaken. Later today, US ISM services data could provide that catalyst.


USD/CHF price news and forecast: Swissie drops to over 1-month lows, around mid-0.9800s

USD/CHF seesaws around 0.9873 while heading into the European session on Wednesday. The price dropped to the lowest since early November on Tuesday bu


US-China trade war news: Dollar whipsawed on renewed trade tensions, growing uncertainty

The greenback ended lower across the board on Tuesday on renewed US-China trade concerns after President Donald Trump said a trade deal with China may


USD/CAD flirting with session lows, around 1.3280 region ahead of BoC

The USD/CAD pair edged lower through the mid-European session on Wednesday and is currently placed near the lower end of its daily trading range, arou


USD/JPY Technical Analysis: Refreshes session tops, bulls await a move beyond 200-DMA

The USD/JPY pair showed some resilience below a confluence support near mid-108.00s and rallied around 35 pips from near two-week lows in reaction to


USD/INR drops to test key support near 71.50, US data in focus

The USD/INR cross came under fresh selling pressure in the European session and hit fresh session lows of 71.57, having faced rejection near 71.80 reg


EUR/USD Technical Analysis: Upside remains capped by the 1.1100 area

Despite the recent loss of momentum, EUR/USD stays firm and continues to track the developments from the US-China trade front. The immediate target em


US Dollar Index Technical Analysis: A breach of the 200-day SMA near 97.60 should trigger extra losses

The index appears to have met solid contention around the critical 200-day SMA in the 97.60/65 band. A breakdown of this zone should reassert the bear


GBP/USD Technical Analysis: Bulls maintain their dominant position near multi-month tops

The buying interest around the British pound picked up some pace in the last hour and assisted the GBP/USD pair to break out of its Asian session cons


Have a nice trading!

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