US dollar news

Kiwi reversed off up-trend resistance last week and we’re trading the pullback. These are the targets & invalidation levels that matter on the NZD/USD charts.

The gold price rally has taken a breather after testing five-month highs. Here are the targets & invalidation levels that matter on the XAU/USD charts this week.

The rally in the US Dollar has run into resistance, and prices have continued to pullback after an in-line CPI print. EUR/USD compression continues after another trend-line test.

Volatility in FX markets remains elevated with a full slate of data and events due out today.

Euro to Australian Dollar Exchange Rate Rebounds from Weekly Lows despite US-China Trade Hopes Euro to Australian Dollar Exchange Rate Climbs on Stronger Eurozone Data The Euro to Australian Dollar (EUR/AUD) exchange rate has spent recent sessions tumbling on weak Eurozone data and higher risk-sentiment. However, on Wednesday the pair rebounded slightly and its gains were bolstered by the latest E…

Updates to the U.S. Consumer Price Index (CPI) may keep EUR/USD afloat as the headline reading is projected to slow to 2.2% from 2.5% per annum in October.

Get the NZD/USD Forex signal for December 12, 2018 here.

GBP/USD Exchange Rate Rises despite Theresa May Facing Vote of No Confidence The Pound Sterling US Dollar (GBP/USD) exchange rate is up today, and is currently trading at $1.2528, despite British Prime Minister Theresa May facing a vote of no confidence from Tory MPs tonight. GBP was strengthened slightly by... [...]

Get the BTC/USD Forex signal for December 12, 2018 here.

The US dollar broke down a bit during the trading session on Tuesday, reaching towards the 20.1665 level, touching the uptrend line of the rising wedge that I have marked on the chart.

The US dollar initially dipped lower during the day on Tuesday, but then turned around to rally again.

The S&P 500 was very noisy during the trading session on Tuesday, as we broke above the top of the hammer from Monday, which typically is a very bullish sign.

The Euro initially tried to rally during trading on Tuesday but broke down from the 1.14 level to test the bottom of a symmetrical triangle that we are currently involved with.

The US Dollar may rise as November’s CPI data helps rebuild Fed rate hike bets. The Euro is at risk amid worries about political turmoil in Italy and France.

Crude oil prices may get conflicting cues in US inflation and inventory flow data if the former boosts the Dollar while the latter reveals a larger drawdown than expected.

Investors are worried a recession might be about to hit the US, so do they have reason to be concerned?

Improving US China trade news boosted European equities and the S&P 500 gapped higher. But momentum fell apart as Fed rate hike bets rose as a consequence. AUD/USD climb at risk.

The recent strength in the price of gold appears to be sputtering as the Relative Strength Index (RSI) flops ahead of overbought territory.

The New Zealand Dollar is struggling after responding to confluence resistance last week. Here are the levels that matter on the NZD/USD weekly chart into the year-end.

The US Dollar came into this week on the ropes, quickly testing a key area of Fibonacci support. But bulls have come back with gusto since that support test.

The US Dollar Pound Sterling (USD/GBP) exchange rate is down today, and is currently trading at £0.7923, after GBP was strengthened by today’s release of October’s average earnings figures which showed a better-than-expected increase. USD, meanwhile, was hit by last week’s arrest of China’s comms giant Huawei’s Chief Financial... [...]

Get the NZD/USD Forex signal for December 11, 2018 here.

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Get the USD/JPY Forex signal for December 11, 2018 here.

Get the BTC/USD Forex signal for December 11, 2018 here.

The Euro initially rallied during the trading session on Monday but found enough resistance at the 1.1450 level to turn things around and fall apart.

The US dollar was very choppy during trading on Monday as traders came back to work.

The US dollar initially fell during the trading session on Monday but bounced from a major trendline that I have been following, breaking to the upside and above the ¥113 level.

The S&P 500 had a volatile day as we broke through the crucial 2600 level during the early hours but turned around of form a hammer.

Get the USD/CAD Forex signal for December 11, 2018 here.

Get the USD/CHF Forex signal for December 11, 2018 here.

Get the GBP/USD Forex signal for December 11, 2018 here.

Get the EUR/USD Forex signal for December 11, 2018 here.

Gold prices may be trapped by conflicting influences if the US Dollar gains on haven demand while bond yields drop amid renewed risk aversion.

AUD/USD may continue to give back the advance from the 2018-low (0.7021) as the exchange rate extends the series of lower highs from the beginning of the month.

Euro continues to trade just above key weekly support ahead of the ECB interest rate decision. Here are the levels that matter on the EUR/USD weekly chart.

Oil appears to have found a floor following the OPEC meeting, with Russia endorsing a price range of $55-65/bbl, but recent price action warns of range-bound conditions.

The second week of December promises a lighter economic calendar, although larger thematic influences (US-China trade war, Brexit, Fed hike cycle) remain in play.

GBP/NZD Exchange Rate Edges Back Above NZ$1.83 While Brexit uncertainty remains rife following PM Theresa May’s decision to cancel the parliamentary vote, the Pound was able to stabilise on Tuesday, with the Pound Sterling New Zealand dollar (GBP/NZD) exchange rate recouping almost 0.3%. The Pound’s recovery... [...]

The Pound Sterling US Dollar (GBP/USD) exchange rates plummeted today, and is currently trading down 0.8% at $1.2628, after the British Prime Minister Theresa May reportedly agreed to delay Tuesday’s Brexit vote. Labour leader, Jeremy Corbyn, lashed out, commenting: ‘The government has decided Theresa May's Brexit deal is so... [...]

With US equity markets plunging this week, financial news media has been quick to point out movement in the bond market as the key catalyst.

The US Dollar is bouncing from a key area of Fibonacci support following last week's sell-off, and EUR/USD is attempting to break its recent range of congestion.

So much for a gentle slide into a quiet end to a tumultuous year. As we head deeper into the month of December, liquidity will continue to drain.

Euro to US Dollar Exchange Rate Gains Limited by Lingering Safe Haven Demand Euro to US Dollar Exchange Rate Climbs on Perceived Federal Reserve Dovishness Despite some disappointing Eurozone data and further signs of a slowing Eurozone economy, the Euro to US Dollar (EUR/USD) exchange rate edged higher over the last week as speculation of slowing US growth begins to weigh on the US Dollar (USD). …

Get the NZD/USD Forex signal for December 10, 2018 here.

Get the AUD/USD Forex signal for December 10, 2018 here.

Get the USD/JPY Forex signal for December 10, 2018 here.

Get the BTC/USD Forex signal for December 10, 2018 here.

Last week was a negative affair for the world’s major markets partially over renewed fears of a trade war intensification between the USA and China,

Get the USD/CAD Forex signal for December 10, 2018 here.

Get the USD/CHF Forex signal for December 10, 2018 here.

Get the GBP/USD Forex signal for December 10, 2018 here.

Get the EUR/USD Forex signal for December 10, 2018 here.

The Euro pulled back slightly during the trading session on Friday but then shot higher after the jobs number was just slightly disappointing.

The US dollar fell a bit against the Mexican peso on Friday after the jobs report was released.

The US dollar bounced around against the Japanese yen during Friday’s trading session, but after the jobs number came out it seems as if most traders simply went home.

The S&P 500 broke down a bit during the day on Friday, reaching towards the 2650 handle and even slicing below it just a bit.

The US Dollar fell as Fed rate hike bets fizzled. The Euro rose amid hopes for a deal on Italy’s budget and given the ECB’s limited scope to ease.

Gold prices ended Friday’s session up $11.09 an ounce as the dollar slid in the wake of weaker-than-expected U.S. jobs data.

US yield curve inversion resulted in mixed ASEAN FX as USD fell and global stocks tumbled. Chinese economic activity could slow further, more rate hikes may be in store for PHP ahead.