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USD Daily Review December 5, 2018

USD Daily Review for December 5, 2018

FX Price Action Setups in EUR/USD, USD/CNH, USD/CAD and NZD/USD

It’s been an busy week across global markets, and tomorrow brings closed US financial markets for an official day of mourning for former US President,


USD/JPY Rate Outlook Mired by Failure to Test 2018-High

USD/JPY may continue to pare the advance from October-low (111.38) amid the string of failed attempt to test the 2018-high (114.55).


EUR/USD Nears Trend-Line as US Dollar Bounces from Fibonacci Support

The US Dollar is bouncing from a familiar Fibonacci level after a push of USD-weakness tested below a key trend-line. Can USD bears continue to


USD Weakens as US Yields Drop, JPY Outperforms – US Market Open

USD Weakens as US Yields Drop, JPY Outperforms – US Market Open


AUD Technical Analysis Overview: AUDUSD, AUDJPY, AUDNZD

AUD Technical Analysis Overview: AUDUSD, AUDJPY, AUDNZD


USD/MXN jumps to 20.50 as Mexican peso euphoria evaporates

The US dollar rose against most emerging market currencies on Tuesday amid a sharp slide in equity prices in Wall Street and lower US yields. The Mexi


USD/CAD Technical Analysis: Greenback hits 1.3240 target as DXY strengthens across the board

USD/CAD daily chart USD/CAD is trading in a bull trend below the 200-day simple moving average (SMA). USD/CAD hit the 1.3240 target as forecast.


USD/CHF rebounds from 5-day lows, looks to close flat below parity

The USD/CHF pair fell to a fresh 5-day low at 0.9930 earlier in the day amid broad-based USD weakness but retraced its losses in the second half of th


USD/TRY: Turkish lira will probably continue depreciation trend – Commerzbank

The Turkish lira has stabilized for now, notes Tatha Ghose, an analyst at Commerzbank, but they see USD/TRY at 5.25 by March 2019 and at 5.75 in Decem


AUD/USD bears chasing the gap before a look in back to test 200-D SMA offers

AUD/USD, at the time of writing, is currently trading at 0.7337, down from a high of 0.7393 after making a North American and recent low of 0.7326. Th


USD/CAD soars and breaks above 1.3250 amid risk aversion

The USD/CAD pair has risen almost a hundred pips from the daily low, making a significant reversal. The loonie is among the weakest currencies, ahead


USD/JPY plummets to 2-week lows near 112.60 amid flight-to-safety

The risk aversion in the second half of the day helped the JPY find demand as a safe haven and the USD/JPY pair extended its slide to a fresh 2-week l


USD/JPY Technical Analysis: Greenback breaks below 113.00 against Yen as Wall Street bears take over

USD/JPY daily chart USD/JPY is trading in a bull trend below the 100 and 200-day simple moving averages (SMAs). USD/JPY broke below the 50 SMA and


GBP/USD bears look for a break of at 1.2711/1.2662 on Brexit angst

Brexit remains the overriding risk for sterling traders which, for once, had been supportive on the headlines that the European Court of Justice, (ECJ


AUD/USD turns flat on day near mid-0.73s as greenback recovers

The AUD/USD pair extended its gains during the first half of the day and touched its highest level in nearly three months at 0.7393 before losing its


EUR/USD Technical Analysis: 1.1350 target hit as Euro weakens against the US Dollar in the New York session

EUR/USD daily chart EUR/USD is trading in a bear trend below the 200-day simple moving average (SMA). EUR/USD reached the 1.1350 target as forecas


GBP/USD Technical Analysis: Cable bears show no mercy as they reversed daily gains – 1.2700 in sight

GBP/USD daily chart GBP/USD is trading in a bear trend below the 200-day simple moving average (SMA). GBP/USD reached the 1.2800 target as forecas


FX Price Action Setups in EUR/USD, USD/CNH, USD/CAD and NZD/USD

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EUR/USD and GBP/USD Forecast December 5, 2018

The Euro initially shot higher during the trading session on Tuesday but ran into a buzz saw of selling at the 1.14 handle again. Between there and the 1.15 …


When is the Aussie GDP release, and how could it affect the AUD/USD?

Australian GDP overview Early Wednesday at 00:30 GMT sees the next round of Australia’s GDP figures, with the annualized pace of economic growth fore


US Dollar Index Technical Analysis: DXY bulls erase daily losses

DXY daily chart The US Dollar Index (DXY) is trading in a bull trend above its main simple moving averages near the 97.00 figure. DXY bears tested


USD/SGD, USD/MYR, USD/IDR Prices Try Reversing Dominant Uptrends

ASEAN currencies such as the Malaysian Ringgit, Singapore Dollar and Indonesian Rupiah are trying to reverse their dominant trends versus USD. I take a look


Japanese Yen Technical Analysis: USDJPY Uptrend Under New Threat

The Japanese Yen has seen a fightback against the US Dollar this week and, although the latter remains in the ascendant, its uptrend line is


Australian Dollar Falls as Soft GDP Data Cools RBA Rate Hike Bets

The Australian Dollar fell as disappointing GDP data crossed the wires, undershooting forecasts and sending the currency down as RBA rate hike bets cooled.


USD/CNH Technical Analysis: Bounce could be short-lived

The USD/CNH is currently trading at 6.8690 – up 0.27 percent on the day – confirming an upside break of the falling trendline on the hourly chart. The


GBP/USD struggling to hold onto 1.2700 ahead of Wednesday’s London markets and a fresh volley of Brexit headlines

The GBP/USD pairing is off of recent highs once again as Brexit-based volatility is fueling steady drops into new lows, and rising investor fears abou


EUR/USD under pressure despite US yield curve inversion, has charted symmetrical triangle

The EUR/USD pair is on the defensive, despite the treasury yield curve inversion and the risk-off in equities. The spread between the 5- and 2-year t


AUD/USD: Value of put options (bearish bets) rises as Australia GDP growth slows sharply

The AUD/USD fell more than 50 pips earlier today after the ABS reported a sharp slowdown in Australia’s growth rate in the September quarter. Further


NZD/USD Technical Analysis: Kiwi is eyeing pullback after creating Doji

The NZD/USD pair created a Doji candle with a long upper shadow yesterday, signaling bullish exhaustion. As a result, the currency pair could witness


USD/JPY Technical Analysis: Regaining ground at the 113.00 level, but key barriers remain

USD/JPY, 5-Minute The Dollar-Yen pairing has accelerated declines in the last two weeks, slipping into lows at 112.50 after Tuesday’s freefall fr


AUD/USD trims losses on upbeat China services PMI

The AUD/USD pair is currently trading at 0.7313 – down 0.35 percent on the day – having clocked a low of 0.7295 earlier today. The currency pair has


EUR/USD under pressure near 1.1320

The offered bias around the European currency remains unchanged for yet another session on Wednesday and has forced EUR/USD to recede to fresh lows in


GBP/USD: Staring at the bottom of its 4 month trading range – Commerzbank

GBP/USD is sitting at the bottom of its 4 month trading range and will find initial resistance at the 20 day ma at 1.2828 and the 55 day ma at 1.2962,


EUR/USD: Unable to maintain gains – Commerzbank

According to Karen Jones, analyst at Commerzbank, EUR/USD currently seems reluctant to break down presently as any attempt to make gains are quickly d


EUR/USD Technical Analysis: Set for a bounce to the upside on a sideways wedge from 1.1300

EUR/USD, 5-Minute Volatility plays over the past two weeks have left the pair with higher highs in the near-term, but plays towards the downside


GBP/USD Technical Analysis: Set to continue breakdown into fresh 18-month lows

GBP/USD, 5-Minute The Cable remains grudgingly bearish despite frequent swings to the upside, fueled largely by fundamental flows on Brexit. GB


AUDUSD Price Close to Key Support Levels, Bounce Possible

The AUDUSD price has fallen sharply in recent days but is now close to several important support levels and a rally from the lows now


USD Price Gains Likely to be Short-Lived

The USD price is correcting higher but its advance will likely be limited as recession fears point to lower US interest rates than previously expected.


GBP/USD recovery halted ahead of 1.2800

The upside momentum around GBP/USD failed just ahead of the critical barrier at 1.2800 the figure on Wednesday. GBP/USD focused on Brexit development


NZD/USD: Short-term consolidation – Commerzbank

Axel Rudolph, senior analyst at Commerzbank, suggests that the NZD/USD pair is likely to stall for a short-term after its advance has taken it to the


EUR/USD moves higher to 1.1360, focus on Italy

The demand for the single currency stays somewhat apathetic on Wednesday, while EUR/USD navigates a narrow range between 1.1320/50. EUR/USD looks to


US Dollar Index clings to daily gains around 97.00

The US Dollar Index (DXY), which tracks the buck vs. its main rivals, is now alternating gains with losses following a test of daily highs near 97.20.


Have a nice trading!

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