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USD Daily Review November 30, 2018

USD Daily Review for November 30, 2018

Dollar Declines as FOMC Minutes Point to Powell Pumping the Brakes on Hawkish Fed

The Minutes released by the Federal Reserve today covering its November 7-8 meeting revealed that the central bank looks to stay on course for its fou


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

There’s considerable noise in the backdrop, and this weekend brings G20 which may further complicate matters. In this webinar, the US Dollar was the focal


AUD/USD Rate Clings to Bullish Series Ahead of G20 Summit

AUD/USD clings to the recent series of higher highs & lows ahead of the G20 Summit, with attention turning to the looming trade discussion between


Gold Price Outlook: XAU/USD Consolidation- Breakout Imminent

Gold is in consolidation just below multi-month slope resistance. Here are the targets & invalidation levels that matter on the XAU/USD charts heading into December.


USD/JPY Sentiment Prompts a Mixed Bias

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


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 Tests Trend-Line Support Ahead of FOMC Minutes

The US Dollar found resistance yesterday and already price action is testing a key area of trend-line support. Can buyers hold the lows, are we


USD/JPY Technical Analysis: Greenback capped below 113.50 and ready to potentially drop further post-FOMC minutes

USD/JPY daily chart USD/JPY is trading in a bull trend above the 200-day simple moving average (SMA). The FOMC minutes were essentially a non-even


US Dollar Index climbs modestly as FOMC minutes confirm December rate hike

After dropping to 96.78 with the initial reaction to the FOMC’s November meeting minutes, the US Dollar Index, which tracks the greenback against a ba


GBP/USD Technical Analysis: Cable sub-1.2800 post FOMC minutes – 1.2880 bull target

GBP/USD daily chart GBP/USD is evolving in a bear trend below the 200-day simple moving average (SMA). GBP/USD is in a tight trading range for the


EUR/USD rises modestly after FOMC minutes, remains in range

The EUR/USD pair was trading flat for the day, around 1.1370 and after the release of the FOMC minutes of the November, meeting rose modestly, holding


GBP/USD: Hard Brexit continues to weigh as we approach the FOMC minutes; Thinner liquidity could prove more volatility

GBP/USD has been good two-way business for the scalpers, but not a trade for the faint-hearted. While the dollar has been stealing some of the limelig


USD/JPY steadies below 113.50 as attention turns to FOMC minutes

The USD/JPY fell to 113.20 area in the early NA session following the disappointing PCE inflation data from the U.S. but rebounded modestly as investo


AUD/USD: Positioning into Xi/Trump summit could weigh on Aussie; 23.6% Fibo of 2018 downtrend should hold

AUD/USD is a keen focus considering the activity in the commodity sector and focuses on the US dollar which plays a massive hand in the commodities ma


USD/CHF Technical Analysis: Greenback is set to revisit 0.9920 – FOMC minutes eyed

USD/CHF daily chart USD/CHF is trading in a bull trend below the 200-day simple moving average (SMA) USD/CHF found some support above the 50 SMA a


GBP/USD Technical Analysis: Cable steady ahead of FOMC – 1.2880 bull target

GBP/USD daily chart GBP/USD is trading in a bear trend below the 200-day simple moving average (SMA) GBP/USD is trading in a tight trading range f


Dollar Tree’s stock drops after same-store sales miss, trimmed guidance

Shares of Dollar Tree Inc. DLTR, +6.13% dropped 4.7% in premarket trade Thursday, after the discount retailer beat third-quarter profit expectations b


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

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USD/JPY and AUD/USD Forecast November 30, 2018

The US dollar has fallen during most of the session on Thursday but saw a resurgence later in the day against the Japanese yen. It looks as if the buyers are…


EUR/USD and GBP/USD Forecast November 30, 2018

The Euro initially tried to rally during most of the session on Thursday but found enough resistance at the 1.14 level to roll over slightly. I think that th…


AUD/USD holding above 0.7300 heading into the week’s end

AUD/USD is trading just above the 0.7300 major level heading into Friday’s trading window, continuing to find support after a mid-week Dollar crunch s


NZD/USD: Bird glides around the 200-D SMA in anticipation of G20 summit showdown between Xi & Trump

The markets have been void of anything particularly note worth on the domestic front on an economic data blackout, although NZD/USD has continued to i


NZD/USD Technical Analysis: Double Top Forming Below 0.69?

The New Zealand Dollar is back to retest resistance below the 0.69 figure against its US counterpart, with negative RSI divergence hinting that the barrier


Australian Dollar Hit By Weak China PMIs, RBA, G20 Eyed

The Australian Dollar ticked lower Friday as Chinese data disappointed, with manufacturing now very close to outright contraction


USD Prices Mostly Resilient on FOMC Minutes, AUD/USD May Fall Next

The FOMC minutes failed to offer meaningful weakness to the US Dollar as the S&P 500 paused its winning streak. AUD/USD may reverse its near-term


Italy-German yield differential continues to fall in favor of EUR/USD bulls

Italy’s willingness to amend the budget is being well received by the bond markets. The spread between the 10-year Italian government bond yield and


GBP/USD coiling around 1.2780 as markets head into Trump-Xi G20 headliner

GBP/USD is moving sideways at the 1.2780 level as markets gear up for this weekend’s G20 summit, where traders will be keeping their eyes peeled for h


EUR/USD: Bull gaining strength ahead of Trump-Xi meeting

The EUR/USD closed well above 1.1388 yesterday, validating Wednesday’s bullish outside-day candle. The bullish reversal seen in the daily chart is ba


Dollar Index: Teasing bearish reversal ahead of weekend’s Trump-Xi meeting

The dollar index (DXY), which tracks the value of the greenback against majors, is currently trading at 96.76, having created a bearish outside-day on


USD/CNH is struggling to hold key trendline support despite soft China official PMIs

The USD/CNH is currently trading at 6.9367, having clocked a session high of 6.9438 earlier today. The offshore yuan exchange rate fell earlier today


EUR/USD eases from tops near 1.1400 ahead of EMU CPI

The single currency is now struggling for direction, motivating EUR/USD to retreat from overnight tops in the boundaries of 1.1400 the figure. EUR/US


When are the Eurozone flash CPIs and how could they affect EUR/USD?

Eurozone flash CPIs estimate overview Eurostat will publish the Eurozone’s inflation first estimate for November at 1000 GMT today. Consumer prices a


USD/INR: Rupee gains over 5% in November, best monthly run since 2015

The Indian National Rupee (INR) extended its winning streak into a fourth day today versus its American counterpart and went onto hit the best levels


EUR/USD Technical Analysis: Hindered at 1.1400, but bidders remain on the books

EUR/SUD, 15-Minute Hourly candles have the EUR/USD lifting into what could form into a fresh bullish pattern, but Wednesday’s hard spike on broad


EUR/USD: Further recovery on the way – Commerzbank

Karen Jones, Analyst at Commerzbank, suggests that the EUR/USD witnessed an outside day to the upside, suggesting a reluctance to break down further a


USD/JPY Technical Analysis: Sideways pattern emerging as market sentiment remains key driver

USD/JPY, 15-Minute Hourly candles show the pair caught in a non-directional zone, constrained within the 50-hour and 200-hour moving averages as


Canadian Q3 GDP Release May Boost Flagging Canadian Dollar

The Canadian dollar has had a tough time of late with the sharp fall in oil hurting the country and pushing the Loonie lower. A


EURUSD Drops on Soft Inflation and Month-End

Your Forecast Is Headed to Your Inbox But don’t just read our analysis – put it to the rest. Your forecast comes with a free demo account from our pr


USD to Rise as Today Marks Another Fed Balance Sheet Unwind

USD to Rise as Today Marks Another Fed Balance Sheet Unwind


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

Canadian GDP Overview Friday’s economic docket highlights the release of monthly Canadian GDP growth figures for October, scheduled to be published a


India FX Reserves, USD declined to $392.79B from previous $393.58B

India FX Reserves, USD declined to $392.79B from previous $393.58B


EUR/USD tumbles to lows near 1.1360 post-EMU CPI

Further selling pressure is now hitting the shared currency and forcing EUR/USD to drop and test daily lows in the 1.1370/band. EUR/USD offered on po


Have a nice trading!

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