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USD Daily Review November 29, 2018

USD Daily Review for November 29, 2018

USD/JPY Strength Fizzles as Fed Chairman Powell Softens Hawkish Tone

USD/JPY may continue to consolidate following the fresh comments from Fed Chairman Jerome Powell as it marks another failed attempt to test the 2018-high (114.55).


GBP/USD Rallies After the BoE Warns of Brexit Recession Potential

The Bank of England issued some stark warnings around No-Deal Brexit today. And markets seemed to listen for about 20 minutes, until Jerome Powell provoked


US Dollar Strength in Focus Ahead of Powell; USD/CAD Nears Resistance

The Dollar is holding resistance and US equities are bouncing ahead of a highly-anticipated speech from FOMC Chair Jerome Powell, set to take place at


EUR Technical Analysis Overview: EURUSD, EURJPY, EURGBP

EUR Technical Analysis Overview: EURUSD, EURJPY, EURGBP


US dollar bulls pack their bags as bears take DXY down to test critical trend line support and 38.2% Fibo confluence

The latest pressures in the credit, equity and commodities markets have the FOMC on alert, exposing “moderate overall vulnerabilities to financial sta


USD/MXN: Mexican peso surges to the highest level in six days

The USD/MXN pair continued to correct lower from multi-month highs on the back of an improvement in Mexican assets and also of a sharp slide of the US


USD/CHF tumbles from 1.000 to 6-day lows, amid US dollar weakness

The USD/CHF pair reached earlier today weekly highs, slightly above 1.000. It failed to extend gains above the parity level and then plummeted, erasin


USD/CAD loses more than 100 pips, drops to mid-1.32s on Powell-led USD sell-off

After rallying to its highest level in five months at 1.3358, the USD/CAD pair reversed its direction in the last hours and lost more than 100 pips af


AUD/USD: Bulls take over and vault 0.73 the figure on Powell’s dovishness, DXY down 60 pips

AUD/USD rallied hard following a dovish rhetoric in Powell’s speech to the Economic Club of New York where he has not only emphasised that rates are j


USD/JPY erases daily gains, slumps below 113.80 on Powell comments

The USD/JPY pair came under a heavy selling pressure in the last hour as the FOMC Chairman Jerome Powell’s comments on the policy outlook weighed on t


Breaking News: USD falls sharply as Fed’s Powell says policy rate is ‘just below’ estimates of neutral

In his prepared speech delivered at an Economic Club of New York luncheon, the FOMC’s Chairman Jerome Powell said that there was no pre-set policy pat


EUR/USD steady below 1.1300 ahead of Powell

The EUR/USD pair is trading in a 20-pips range around 1.1280, marginally lower for the day. The pair has been steady and it manged to hold above daily


Dollar gauge turns negative as Powell says Fed’s interest rates are ‘just below’ neutral rate

The U.S. dollar took a hit on Tuesday after Federal Reserve Chairman Jerome Powell said interest rates were ‘just below’ the neutral level at which th


USD/JPY and AUD/USD Forecast November 29, 2018

The US dollar has initially tried to rally during the day on Wednesday, but Jerome Powell suggested that perhaps the Federal Reserve was not ready to raise i…


AUD/USD back over 0.7300 following Fed Powell’s Dollar-dove statements

The AUD/USD surged late Wednesday after the US Federal Reserve’s Jerome Powell hit the newswires with a more-dovish-than-expected stance on IS interes


AUD/USD Technical Analysis: Bearish Reversal Attempt Invalidated

The Australian Dollar has managed to abort another attempt at re-starting its long term downtrend against its US counterpart, this time courtesy of Fed commentary.


GBP/USD bolstered into 1.2850 after US Fed gives the Greenback a beating

GBP/USD is trading into yesterday’s highs near 1.2850 in early Thursday action after a surprisingly dovish Federal Reserve chair Jerome Powell cast do


EUR/USD charts bullish outside-day ahead of Draghi speech, focus on inflation differential

The EUR/USD created a bullish outside-day (engulfing) candle on Wednesday as Powell’s dovish comments triggered a broad-based sell-off in the USD. Th


USD/INR Technical Analysis: hits 3-month low below 38.2% Fib retracement

Daily Chart As seen above, the 14-day relative strength index (RSI) has fallen back below 30.00, signaling oversold conditions. As a result, bear


10-year treasury yield hits 5-day low, pushes USD/JPY below 100-HMA

Powell’s dovish speech continues to weigh over both the US Treasury yields and the greenback. At press time, the 10-year treasury yield is trading at


AUD/USD: value of put options (bearish bets) hits four-month low

The AUD/USD one-month 25 delta risk reversals (AUD1MRR) are currently trading at -0.719 – the level last seen on July 27. The negative reading indica


EUR/USD Technical Analysis: Euro likely to capitalize on bullish “outside-day”

Hourly Chart As seen above, the pair has cleared the resistance of the trendline connecting the Nov. 20 high and Nov. 23 high. That bullish break


EUR/USD firmer, approaches 1.1400 ahead of German CPI

The renewed selling bias around the greenback is fuelling the upside in EUR/USD to the vicinity of the 1.1400 handle, or daily highs. EUR/USD looks t


AUD/USD: Looking for a retest of the .7330/36 – Commerzbank

Karen Jones, Analyst at Commerzbank, suggests that the AUD/USD pair has at last recovered from its previous channel and 55 day ma, located at .7177/84


USD/CHF stalls decline near 0.9915 on disappointing Swiss GDP

The USD/CHF pair found fresh buyers near 0.9915 in early Europe, as the Swiss franc ran through fresh offers after the Swiss economy unexpectedly cont


GBP/USD Technical Analysis: Bull flag breakout could pull away from 1.2800

GBP/USD, 5-Minute The Cable has been exposed to plenty of fundamental-based volatility recently, getting whipped and spiked on various Brexit hea


GBP/USD: Recovering from the bottom of its 4 month trading range – Commerzbank

GBP/USD is recovering from the bottom of its 4 month trading range and will find initial resistance at the 55 day ma at 1.2993 and the resistance line


EURUSD Chart Near-Term Bullish After Outside Range Day

A bullish outside range day on the EURUSD chart suggests near-term upside after the recent weakness of the pair.


USD/JPY Weak Near-term, Triangle Building; USD/CAD Reversal Has Trend-line in Play

USD/JPY reversed off the top of a developing pattern which should prove important later-on, while USD/CAD rejection has notable trend support back in view.


Euro to Overlook German CPI, US Dollar May Rise on FOMC Minutes

The Euro may overlook German inflation data while the US Dollar has scope to rebound as November FOMC meeting minutes prompt a rethink of Fed


When is the German Prelim CPI and how could it affect EUR/USD?

German Prelim CPI Overview Today’s Euro-zone economic docket highlights the release of German prelim CPI data, up for release later this session at 1


EUR/USD comes under pressure and drops to 1.1350

The pair remains under pressure today and tests lows near 1.1350. The greenback extends the rebound to the 96.85/90 band. German advanced CPI f


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