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USD Daily Review November 27, 2018

USD Daily Review for November 27, 2018

S&P 500 Pattern Walks the Ledge as Dollar Steadies

S&P 500 continues a bearish sequence of patterns implying much lower levels. US Dollar appears to be entering a near term bearish Elliott wave cycle.


NZD/USD Correction Starts to Unravel as Bullish Momentum Abates

NZD/USD may continue to chip away at the advance from the monthly-low (0.6514) as the bullish momentum abates.


NZD/USD Price Outlook: Pending Bull Flag Breakout in Kiwi

A reversal from four-month highs has Kiwi approaching areas of interest for support. These are the targets & invalidation levels that matter on the NZD/USD


GBP/USD: Cable Builds Support as Retail Traders Load-In

It’s been a busy month so far for the British Pound and focus now shifts towards December 10th. Will buyers be able to make a


USD/JPY Rate Catches Bid Ahead of Fed Rhetoric, Policy Meeting Minutes

USD/JPY snaps the recent series of lower highs & lows, with a slew of hawkish Fed rhetoric likely to fuel the advance from the November-low


US Dollar Clings onto Gains at Start of Key Week

The November FOMC minutes and US-China trade war discussion at the G20 meeting will keep traders focused on the second half of the week.


US Dollar Pulls Back to Start a Busy Week; EUR/USD in Focus

This week’s calendar is full of high-impact items as markets close the book on November, and both the Euro and US Dollar will likely remain


United States CFTC USD NC net positions: $224.3K vs $201.4K

United States CFTC USD NC net positions: $224.3K vs $201.4K


USD/JPY extends gains above 113.50 amid stronger US dollar

The USD/JPY pair rose further during the US session and climbed to 113.64, the highest level since November 15. Near the end of the day, is hovering a


NZD/USD year-end and Q1 2019 target at 0.65 – BNZ

According to analysts at BNZ Research, see the NZD/USD pair moving to the downside in the short-term amid risk aversion and lower NZ commodity prices.


USD/CAD steadies near 1.3240, WTI looks to settle below $52

After coming under pressure amid the rising crude oil prices and dropping below the 1.32 mark earlier in the day, the USD/CAD pair recovered its losse


USD/MXN breaks above 20.50, to the highest level since June

The Mexican peso dropped on Monday to the lowest level since June against the US dollar. The greenback rose sharply against Emerging market currencies


Weekly Strategy Webinar – Trade Levels for EUR/USD, AUD/USD, NZD/USD, Gold & More…


EUR USD and GBP USD Forecast November 27, 2018

The Euro initially tried to rally during the trading session on Monday but failed as we turned around of form a nasty -looking shooting star. It appears to m…


CFTC: Speculators raise USD long bets – Reuters

As reported by Reuters, recent CFTC data shows that currency speculators have raised their net USD-long positions. Key quotes The value of the net l


AUD/USD falls back to 0.7200 after failed Monday jumpstart

The AUD/USD opened the new trading week on Monday with a bullish twist as risk appetite began a meager recovery, but the mood couldn’t last and revers


Forex today: Dollar makes a score through the 97 handle as traders return to weigh up the week ahead

There was a sense of optimism in the markets, despite the risks in the G20 summit, Brexit, the price of oil down some 25% and US indexes below 2017 cl


US Dollar Index Technical Analysis: DXY break above 97.00 figure

US Dollar Index (DXY) daily chart DXY is trading in a bull trend above the 50, 100 and 200-day simple moving averages (SMAs). DXY broke above the


Gold Prices May Fall as Fed Commentary Boosts the US Dollar

Gold prices may turn lower having repeatedly failed to break near-term chart resistance as Fed commentary boosts the US Dollar, sapping anti-fiat demand.


USD/INR: Premium for calls (bullish bets) hits lowest in over three months

The USD/INR three-month 25 delta risk reversals (INR3MRR) are currently trading at 0.512 in favor of the call options. That value, however, is the low


USD firm despite lower yields, US data hotspots to watch – Westpac

Richard Franulovich, Head of FX Strategy at Westpac, suggests that the fall in US yields and the pricing out of a full Fed hike for 2019 might have be


EUR/USD: Euro created inverted bearish hammer despite Italy budget hopes, focus on Fed speak

The EUR/USD created an inverted bearish hammer candle yesterday, adding credence to Friday’s bearish close below 1.1345 (50% Fib R of 1.1215/1.1472) a


AUD/USD: focus is on the 10-year yield differential

The Aussie dollar is closely following the action in the spread between the US 10-year treasury yield and its Australian counterpart. The spread topp


USD/CNY: value of put options (bearish bets) hits three-month high

The USD/CNY one-month 25 delta risk reversals (CNY1MRR) traded at -0.10 in favor of USD/CNY put options yesterday – the level not seen since Aug. 29.


USD/CAD ticks into 1.3250 as the CAD continues to give ground

The USD/CAD is trading just north of 1.3250 through Tuesday’s Asian market session after dipping to a near-term low of 1.3186, but a renewed round of


NZD/USD nears 20-day MA support, investors await Fed speakers

The NZD/USD pair is currently trading at 0.6761, having clocked a high of 0.6777 earlier today. The marginal losses are likely associated with the di


USD/CNH Technical Analysis: Trapped in a symmetrical, eyes Fed speak

Daily chart As seen above, the triangle resistance is currently located at 6.9575 and the support is seen at 6.9262. A bull breakout, if confirm


Pound Down on Brexit Deal Tumult, US Dollar May Rise on Fed-Speak

The British Pound sank as hopes securing a Brexit deal before the March deadline fizzled. The US Dollar may rise as Fed commentary bolsters rate


EUR/USD struggles for direction around 1.1320

EUR/USD continues to struggle for direction during the first half of the week and is now approaching the 1.1320 region, or weekly lows so far. EUR/US


USD/CHF: Small recovery in store – Commerzbank

Karen Jones, Analyst at Commerzbank, notes that the USD/CHF is seeing a small recovery from the 38.2% retracement at .9904 and suggests that the move


GBP/USD Technical Analysis: Fest bearish drop to 1.2770 ahead of the London opening

GBP/USD Chart, 5-Minute Brexit tensions have kept the Cable in a volatile, trendless range since mid-November, but new Dollar bidding could send


USD/INR: Rupee seen between 69-72 by Q1 2019 if Oil remains weak – UBS

In the latest client note, analysts at the Swiss investment banking company, UBS Group AG, noted that the Indian Rupee to maintain its recovery mode e


EUR/USD Technical Analysis: Dropping into 1.1330 in the European pre-market

EUR/USD Chart, 5-Minute Over the past two weeks the EUR/USD has begun to round out, and swing highs are beginning to see capping action as broade


NZD/USD Technical Analysis: Continuing rough channel lower amidst frequent upswings

NZD/USD Chart, 5-Minute The past two weeks shows the Kiwi steadily cycling lower in large swings, marking out a rough channel that threatens to l


Technical Outlook for USD/JPY, EUR/USD, Dow Jones, Gold Price & More

USD/JPY strength has it coiling up below resistance, the Euro is testing big support, Dow Jones bounce may not last long, and gold may break


EURUSD Price Well Placed to Rally Ahead of November Lows

After several sessions of losses, a recovery in the EURUSD price is possible as Italian budget fears ease and the US-China trade war shows signs


EUR/USD remains depressed near 1.1320, Fedspeak eyed

The bearish note around the single currency remains well and sound in the first half of the week and is now prompting EUR/USD to trade in the lower bo


US Dollar Index moves to session tops near 97.30

The greenback, tracked by the US Dollar Index (DXY), keeps the bid tone intact during the first half of the week and is now navigating levels above th


Technical Outlook for USD/JPY, EUR/USD, Dow Jones, Gold Price & More

USD/JPY strength has it coiling up below resistance, the Euro is testing big support, Dow Jones bounce may not last long, and gold may break trend-line resis…


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