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USD: The Dollar is King going into Year End

USD
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  • The Dollar remains king, and the old saying of "Buy Dollar, Wear Diamonds" is suited as we head towards Year end.
  • Only the Malaysian Ringgit, and the Hong Kong Dollar are up YTD, and even the Exotics are down.
  • Within G10s, it is a painful Year for the Kiwi, as we stand going into the European session, down 10.59%, NOK 10.5% and the Yen is still down 10.21% YTD.
  • Incredibly, although Cable is below 1.2600, it is only down 1.54% for the Year.
  • For Technical in G10s, most Pairs/Crosses are some way short of their next respective Supports/Resistances, {r1} EURUSD would see next support at 1.0343 Low Dec 20.
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  • The Dollar remains king, and the old saying of "Buy Dollar, Wear Diamonds" is suited as we head towards Year end.
  • Only the Malaysian Ringgit, and the Hong Kong Dollar are up YTD, and even the Exotics are down.
  • Within G10s, it is a painful Year for the Kiwi, as we stand going into the European session, down 10.59%, NOK 10.5% and the Yen is still down 10.21% YTD.
  • Incredibly, although Cable is below 1.2600, it is only down 1.54% for the Year.
  • For Technical in G10s, most Pairs/Crosses are some way short of their next respective Supports/Resistances, {r1} EURUSD would see next support at 1.0343 Low Dec 20.