Cable made a strong rally in yesterday's London session, creating a retracement opportunity from its recent slide. Applying the Fib tool on the latest swing high and low shows that the 38.2% to 50% levels span an area of interest from 1.3050 to 1.3100,...

USD The US dollar was mostly weaker in recent trading, only advancing against the British pound and Japanese yen. Data from the US economy was weaker than expected as the Empire State manufacturing index showed a surprise drop to industry contraction....

AUDUSD has been trending higher, moving inside an ascending channel on its 4-hour chart. Price just bounced off the channel resistance around the .7750 minor psychological mark and could be due for a test of support near .7550. Using the Fib tool on...

USD The US dollar sold off briefly against its counterparts on Friday when the retail sales report missed expectations. Headline consumer spending was flat while the core version of the report showed a 0.3% drop. PPI readings were also below consensus,...

EURNZD has been trending lower, moving inside a descending channel on its 4-hour time frame. Price is currently testing the channel resistance and might be due for a bounce or a break.  The 100 SMA is above the longer-term 200 SMA, suggesting that...

USD The US dollar had a mixed performance, as it advanced to the European currencies and yen but gave up ground to the Canadian dollar.  Medium-tier US data beat expectations, as the initial jobless claims came in at 266K versus the 272K forecast...

EURAUD has been trading sideways recently, moving inside a range between support at the 1.4450 minor psychological level and resistance at the 1.4525 area.  Price seems to be on its way to test the top of the range from here.   The 100...

USD The US dollar was unable to make much headway against its counterparts despite stronger than expected jobs data. The JOLTS job openings report showed a 5.62 million figure, up from the earlier 5.51 million reading and the 5.52 million consensus....

USDCAD seems to be tired from its uptrend, as a reversal pattern can be seen on its 4-hour time frame. Price is forming a head and shoulders formation and is gearing up to test the neckline at the 1.3000 major psychological level. A break below this...

USD   The US dollar was off to a good start for the day but wound up erasing its wins when traders booked their post-NFP positions.  Preliminary non-farm productivity fell 0.5% versus the projected 0.5% increase while unit labor costs rose...