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U.S. Dollar Drops Against Most Majors

2025-01-01 1744

(fxcue news) - The U.S. dollar weakened against most major currencies in the Asian session on Monday. The U.S. dollar fell to 4-day lows of 1.0333 against the euro and 1.2449 against the pound, from Friday's closing quotes of 1.0308 and 1.2420, respectively. Against the Swiss franc, the greenback edged down to 0.9091 from last week's closing value of 0.9082. If the greenback extends its downtrend, it is likely to find support around 1.05 against the euro, 1.27 against the pound and 0.88 against the franc.

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U.S. Dollar Drops Against Most Majors

Australia Services PMI Improves To 50.8 - S%P Global

Taiwan Bourse May Challenge Resistance At 23

Win Streak May Continue For Singapore Stock Market

European Economic News Preview: Eurozone Composite PMI Data Due

Yen Falls Against Majors

Rebound Anticipated For Japan Stock Market

U.S. Dollar Drops Against Most Majors

Canadian Dollar Climbs Against Most Majors

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Trader

Today, crude oil supported 74.5 and continued to rise directly to 75.3. If it accidentally falls back to 74.5 tonight, or even breaks through 74.4, it belongs to a small wash. If it rebounds and stabilizes above the daily moving average of 73.7, it is still necessary to try to be bullish;

1.8 Gold US trading strategy: Short selling near 1:2656, stop loss 2666, target 2646-2640; strategy 2: Buy long near 2633, stop loss at 2623, target at 2642-2648;

Short selling in the 74.87 area of US crude oil (default stop loss of 50 points, set breakeven stop loss for profit of 50 points, pursue high win rate of 75 points. Band moving stop loss protects existing profits held until take profit)

1.8 Gold Trading Reference: Gold rebounds around 2656-2660, with short selling (buy down) of 2/10 positions in batches, stop loss of 6 points, target around 2645-2630, break at the 2615 line;

1/8 Gold Day Short term Strategy Reference: 1. The rebound saw a short sale near 2662 for the first time, with a loss of 2668. The target is 2650-2640-2630; 2. Falling back for the first time at 2632. Short buy once more, loss at 2628, target at 2642-2652-2662!

EUR/USD 1.03850 short, stop loss 1.04050, target below 1.03350, break below 1.03000 and 1.02700

Today's spot silver was sold short at 30.25, with a stop loss of 30.45. The lower targets are at 30 and 29.85, with a drop below the support range of 29.6-29.5.

If spot gold rises today, it will be sold short at 2660 with a stop loss of 2666. The targets below are 2645, 2640, and 2634-2630

The main focus of crude oil retracement is buying long at low prices, supplemented by short selling at high prices during rebound. Short term attention is paid to the resistance line of 75.8-76.3 above, while short-term attention is paid to the support line of 73.7-73.2 below.

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U.S. Dollar Drops Against Most Majors

Australia Services PMI Improves To 50.8 - S%P Global

Taiwan Bourse May Challenge Resistance At 23

Win Streak May Continue For Singapore Stock Market

European Economic News Preview: Eurozone Composite PMI Data Due

Yen Falls Against Majors

Rebound Anticipated For Japan Stock Market

U.S. Dollar Drops Against Most Majors

Canadian Dollar Climbs Against Most Majors

Please sign in

Trader

Today, crude oil supported 74.5 and continued to rise directly to 75.3. If it accidentally falls back to 74.5 tonight, or even breaks through 74.4, it belongs to a small wash. If it rebounds and stabilizes above the daily moving average of 73.7, it is still necessary to try to be bullish;

1.8 Gold US trading strategy: Short selling near 1:2656, stop loss 2666, target 2646-2640; strategy 2: Buy long near 2633, stop loss at 2623, target at 2642-2648;

Short selling in the 74.87 area of US crude oil (default stop loss of 50 points, set breakeven stop loss for profit of 50 points, pursue high win rate of 75 points. Band moving stop loss protects existing profits held until take profit)

1.8 Gold Trading Reference: Gold rebounds around 2656-2660, with short selling (buy down) of 2/10 positions in batches, stop loss of 6 points, target around 2645-2630, break at the 2615 line;

1/8 Gold Day Short term Strategy Reference: 1. The rebound saw a short sale near 2662 for the first time, with a loss of 2668. The target is 2650-2640-2630; 2. Falling back for the first time at 2632. Short buy once more, loss at 2628, target at 2642-2652-2662!

EUR/USD 1.03850 short, stop loss 1.04050, target below 1.03350, break below 1.03000 and 1.02700

Today's spot silver was sold short at 30.25, with a stop loss of 30.45. The lower targets are at 30 and 29.85, with a drop below the support range of 29.6-29.5.

If spot gold rises today, it will be sold short at 2660 with a stop loss of 2666. The targets below are 2645, 2640, and 2634-2630

The main focus of crude oil retracement is buying long at low prices, supplemented by short selling at high prices during rebound. Short term attention is paid to the resistance line of 75.8-76.3 above, while short-term attention is paid to the support line of 73.7-73.2 below.

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