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USD Daily Review December 7, 2018

USD Daily Review for December 7, 2018

AUD/USD Weekly Price Outlook: Aussie Reversal Targets in View

Aussie has plummeted more than 2.2% since the start of the month after reversing off technical resistance. Here are the levels that matter on the


EUR/USD: A 17% Decrease in Long Positioning Leads to a Mixed Bias

The combination of current sentiment and recent changes gives us a further mixed EURUSD trading bias.


USD/CAD Weekly Price Outlook: US Dollar Rallies to Fresh Yearly Highs

USD has rallied nearly 10% against the Loonie since the yearly lows with price now eyeing key resistance. Here are the levels that matter on


EUR/USD Range in Focus Ahead of NFP Report, ECB Meeting

EUR/USD may continue to consolidate ahead of the U.S. Non-Farm Payrolls (NFP) report as Federal Reserve officials strike a less-hawkish forward-guidance for monetary policy.


USD/CAD Rate Forecast: Post-BoC Rally Triggers RSI Breakout

Recent price action in USD/CAD keeps the topside targets on the radar especially as the Relative Strength Index (RSI) flashes a bullish signal.


GBP/USD Sentiment is Unable to Provide a Clear Direction

The combination of current sentiment and recent changes gives us a further mixed GBPUSD trading bias.


US Dollar Unable to Rally Even as Risk Appetite Erodes

US financial markets are in ‘risk-off’ mode, with equities dropping alongsides US Treasury yields. That the greenback can’t rally is foreboding.


USD/JPY recover from 5-week lows as US stocks trim losses

Risk aversion boosted the yen and pushed USD/JPY to 112.21, the lowest level since October 29. During the second half of the American session moved of


USD/CAD pulls away from yearly highs, trades near 1.34

The USD/CAD pair gained traction and advanced to its highest level of the year at 1.3440 on Thursday as the commodity-sensitive loonie struggled to fi


AUD/USD: Commodity and stock prices weighing on the high beta pair; Eyes on the 0.7165 13th November low

AUD/USD has travelled from 0.7393 early Dec highs within a descending channel, underperforming as commodity currencies lose out to the big dollar risi


EUR/USD rejected above 1.1400, retreats to 1.1370

The EUR/USD pair pulled back and trimmed gains after being rejected from above 1.1400. The euro is up for the day, supported by a weaker US dollar sti


USD/JPY slumps to 5-week lows near 112.30 as Wall Street extends losses

After staying quiet near 112.80 handle during the European trading hours, the USD/JPY pair came under a renewed selling pressure in the NA session and


USD/JPY and AUD/USD Forecast December 7, 2018

The US dollar has spent most the day falling against the Japanese yen but found a bit of a bid underneath, as the uptrend line continues to hold the market u…


EUR/USD and GBP/USD Forecast December 7, 2018

The Euro rallied significantly during the trading session on Thursday, but then rolled over to show signs of weakness again. The Euro continues to fail once …


AUD/USD Rate Snaps Upward Trend as Bearish Series Takes Shape

Recent price action raises the risk for a further decline in AUD/USD as both price and the RSI snap the bullish formations carried over from


US Dollar Index Technical Analysis: DXY stalemate as traders are awaiting a directional input

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 is trading i


New Zealand Dollar Carves an Exceptional Move Away from the Bright Fundamental Lights

Surprisingly, the New Zealand Dollar is one of the few currencies divorced from themes like risk trends and has few docket listings


AUD/USD Technical Analysis: Bounce May Yield Short Trade Setup

A near-term Australian Dollar bounce may offer an opportunity to enter short before the dominant, long-term down trend is reasserted.


GBP/USD trading softly into 1.2750 with US NFP in the barrel

GBP/USD continues to trade with softer tones in the Asian market window as investor sentiment remains apprehensive leading into Friday’s London openin


EUR/USD: Value of puts (bearish bets) hits 6-month low ahead of Eurozone GDP and US NFP release

Risk reversals on the EUR, a gauge of calls to puts on the common currency, rose to six-month highs on Thursday, indicating investors are trimming bea


Chinese Yuan will breach 7 per USD within 6 months – Reuters poll

China’s yuan will breach the major psychological level of 7 per US dollar within the next six months, according to about 60 percent of FX strategists


USD/JPY Technical Analysis: 100-day MA again reverses pullback, BOJ’s Kuroda rules out near-term taper

The USD/JPY is currently trading at 112.75 – up 0.10 percent on the day – having bounced off from the 100-day moving average (MA) support yesterday.


NZD/USD back into the 0.6880 level after slipping from December’s peaks

NZD/USD is trading back into 0.6880 after December’s early open saw the Kiwi lift into six-month highs, but a resurgence in broad-market fears surroun


AUD/USD stuck in the mud near 0.7200

AUD/USD is shuffling its feet near 0.7225 after Thursday saw the currency from down under continue a recent bearish push, closing in the red for a fou


AUD/USD: Off 3.5-week lows, but remains below 100-day MA

The AUD/USD’s recovery rally from 3.5-week lows seems to have run out of steam at the 100-day moving average (MA) hurdle. The Australian dollar was d


GBP/USD: Resistance at 1.2840 – Commerzbank

Karen Jones, analyst at Commerzbank, suggests that the GBP/USD is likely to find initial resistance at the 1.2840 levels after it has bounced off the


GBP/USD Technical Analysis: Constrained in a sluggishly bearish chart pattern, lacking a major trend

GBP/USD, 5-Minute The past couple of weeks have been a ranging affair for the Cable, but swing highs remain capped off at the 1.2800 handle while


Lackluster Non-Farm Payrolls (NFP) Report to Fuel EUR/USD Rate Rebound

Signs of limited wage growth may spark a bearish reaction in the U.S. dollar as it dampens the outlook for growth and inflation.


CAD Technical Analysis Overview: USDCAD, CADJPY, EURCAD

CAD Technical Analysis Overview: USDCAD, CADJPY, EURCAD


When is the US monthly jobs report (NFP) and how could it affect EUR/USD?

US jobs report overview Friday’s US economic docket highlights the release of keenly watched US monthly jobs report, popularly known as NFP. The repo


When is the Canadian monthly jobs report and how could it affect USD/CAD?

Canadian jobs report overview Statistics Canada will publish its labour market figures for the month of November later during the early North-America


India FX Reserves, USD climbed from previous $392.79B to $393.72B in November 30

India FX Reserves, USD climbed from previous $392.79B to $393.72B in November 30


EUR/USD unchanged around 1.1370 post-EMU GDP

The demand for the single currency stays subdued at the end of the week, with EUR/USD navigating the 1.1370/80 band. EUR/USD now looks to US calendar


US Dollar Index approaches 97.00 ahead of NFP

The US Dollar Index (DXY), which tracks the buck vs. a basket of its main rivals, is trading on a better tone and is getting closer to 97.00 the figur


Have a nice trading!

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