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USD Daily Review November 28, 2018

USD Daily Review for November 28, 2018

US Dollar Price Action Setups in EUR/USD, USD/CAD and USD/CHF

The US Dollar caught a bid this morning on some comments from FOMC Vice Chair, Richard Clarida. But, did the Dollar move too far, too


USD/CAD Price Outlook: Dollar on Steady March Higher to Resistance

An early-month breach above key resistance has price targeting fresh four-month highs. These are the targets & invalidation levels that matter on the USD/CAD charts.


EUR/USD Moves in For Another Test at 1.1300 as USD Re-Claims 97.00

A plethora of drivers await for the remainder of the week, but EUR/USD is already making a move back to the 1.1300 level as USD


US Dollar Index Technical Analysis: Rising wedge can send DXY down to 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


NZD/USD pressured below the 38.2% Fibo, eyes on 21-D SMA as RBNZ takes a back seat to Powell/Xi/Trump

NZD/USD has been on the backfoot since mid-November, capped at a high of 0.6883, meeting the 200-D SMA at 0.6871 and some 50 pips shy of the 50% Fibo


USD/JPY retreats from highs, clings to small daily gains around 113.70

The USD/JPY advanced to its highest level since November 14 at 113.84 earlier in the NA session and lost its momentum in the last couple of hours. Ahe


EUR/USD steadies below 1.13 as attention turns to Fed speakers

The EUR/USD pair, which spent the majority of the day fluctuating above the 1.13 handle, came under pressure in the NA session and fell to its lowest


AUD/USD: Eyes turn to Powell, Xi and Trump, risks are to 2018 lows or a vault of the 0.73 handle

AUD/USD has been on the back foot in recent sessions, sliding from an 18th Nov. high with a resurgence in the greenback as political developments moun


NZD/USD erases majority of daily gains, trades below 0.68 ahead of RBNZ report

The NZD/USD pair rose to a daily top of 0.6811 earlier today but struggled to push higher as the broad-based USD strength witnessed in the second half


USD/CAD inches closer to 1.33 as US Dollar Index pushes higher

After fluctuating in a relatively tight range near mid-1.32s, the USD/CAD pair gathered bullish momentum in the NA session and rose to its highest lev


Oil prices turn lower on demand concerns, dollar strength

Oil futures reversed course Tuesday afternoon to trade lower, with global benchmark prices slipping back below $60 a barrel. Expectations for a slowdo


US Dollar Price Action Setups in EUR/USD, USD/CAD and USD/CHF

article attached to this webinar (including charts):…


EUR/USD and GBP/USD Forecast November 28, 2018

The Euro broke below the 1.13 level during the trading session on Tuesday but bounced just a bit to show some signs of support at the end of the day. However…


USD/JPY Short on Dovish Fed, 112 Targeted

USD/JPY remains near the highs for the year despite a dovish shift in commentary from Federal Reserve officials. The fundamental development presents an interesting short


AUD/USD: bulls pounce on trade war conflicting headlines, but no follow through and price remains bearish below 10-D SMA

AUD/USD had originally been sent lower from a late London high of 0.7250 as the dollar rallied across the board and went on to trade as low as a pip b


Dollar Tuned into Powell and Fed Tempo and Pound Awaits BOE Threat Assessment

Risk trends found some traction from equities to emerging markets to carry through the US afternoon, but trend awaits G20


Japanese Yen Technical Analysis: USD/JPY Base Looks Very Firm

The Japanese Yen remains under the broad pressure against the US Dollar which has dominated 2018. USD/JPY bulls now have a reasonable platform from which


GBP/USD: Put premium hits two-week lows

The GBP/USD one-month 25 delta risk reversals (GBP1MRR) are currently trading at -2.175 in favor of puts – a level last seen on Nov. 14 – having print


EUR/USD: Focus on USD/CNH and Fed’s Powell

The EUR/USD is on the defensive, having closed yesterday below 1.1315 (61.8% Fib R of 1.1215/1.1472). The bearish close happened as hawkish comments


GBP/USD hoping to stop the slide into 1.2700 as the UK braces for results of stress tests, UK Financial Stability Report

GBP/USD traders see their major pair struggling near 1.2740 after Tuesday’s trading saw the Cable slip from the 1.2800 handle as Brexit concerns rolle


Dollar Index hits two-week high on Fed speak, trade war tensions

The dollar index, which tracks the value of the greenback against the basket of major currencies, is currently trading at 97.39, having clocked a high


NZD/USD Technical Analysis: Bounce off bullish 20-day MA, but the falling channel still intact

The ascending 20-day moving average (MA) put a floor under the kiwi dollar yesterday, the outlook, however, would turn bullish only if the pair manage


AUD/USD hung up on 0.7200, bulls see little reason to push for more

The AUD/USD pairing remains trapped near 0.7200, finding little reason to move in early Tuesday action as the pair sticks to the early week’s close cy


Sideways NZD/USD stuck below 0.6800

The NZD/USD pairing remains trapped underneath the 0.6800 handle heading through Tuesday’s Asian market session, as the Reserve Bank of New Zealand (R


EUR/USD gives away gains and returns below 1.1300

The single currency remains under pressure so far this week, prompting EUR/USD to navigate in the lower bound of the recent range in the 1.1290/85 ban


GBP/USD Technical Analysis: Bidders spinning their wheels at 1.2750 amidst descending triangle

GBP/USD, 5-Minute Going back over the past two weeks, 1.2860 remains a key inflection point, and near-term bulls will be waiting for a successful


EUR/USD Technical Analysis: Making an early run at 1.1300

EUR/USD, 5-Minute Going back over the past two weeks, the Fiber looks set to begin breaking into a fresh bear run after Tuesday’s trading sent th


USD/JPY turns negative near 113.70 ahead of GDP

Declining yields in the US money markets are now weighing on USD/JPY, motivating it to recede to the 113.70 area, or daily lows. USD/JPY looks to US


When is the US GDP report and how could it affect EUR/USD?

US Q3 GDP Overview Wednesday’s US economic docket highlights the preliminary release of the Q3 GDP growth figures, scheduled to be published at 1330


EUR/USD: Recovery remains capped below 1.1300 ahead of US GDP, Powell

The EUR/USD pair manages to move off the daily lows near 1.1265 region, but the recovery remains capped below the 1.13 handle, as the bears continue t


US Dollar Index eases from tops near 97.60, US GDP, Powell eyed

The US Dollar Index (DXY), which gauges the greenback vs. a basket of its main rivals is extending the upbeat momentum beyond the 97.00 handle on Wedn


Dollar lifted by Fed expectations, trade tensions

The dollar held near its two-week peak on Wednesday, as lingering concerns over Sino-U.S. trade tensions helped lift safe haven currencies while forex investors awaited cues from the U.S. Federal Reserve on the path of future interest rate increases.


Have a nice trading!

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