USD The US dollar was able to take advantage of the run in risk aversion but was still mostly weaker against the yen and Kiwi. Economic data from the US came in better than consensus, as the initial jobless claims landed at 267K versus the projected...
Cable could be in for a selloff, as the pair formed a double top pattern on its 4-hour time frame. Price failed in its last two attempts to break past the 1.4700 major psychological level and is currently testing the neckline around 1.4350-1.4400. ...
USD The US dollar gave up some ground despite mixed data, as traders focused on the 1.8% slump in construction spending. The Fed's Beige Book confirmed that most districts saw improvements, underscoring a potentially upbeat FOMC statement...
GBPJPY sold off from its ascending triangle resistance once more, making its way down to the bottom of the formation at the 157.00 levels. Price could be due for a bounce or a break, with technical indicators suggesting that another move to resistance...
USD The US dollar had a mixed performance as it advanced to comdolls and European currencies but lost ground to the yen. Data from the US economy came in mixed, with personal spending beating expectations with its 1.0% gain and personal income coming...
EURGBP has been trending lower recently but has just bounced off a descending channel that's forming on its 4-hour time frame. This could offer a pullback opportunity to the top of the channel near the dynamic resistance at the moving averages. ...
USD The US dollar returned some of its recent gains as the absence of US traders on their Memorial Day holiday left the US session as a profit-taking opportunity. There were no reports released from the US economy then while today has the CB consumer...
USDJPY has been trending higher recently, moving inside a rising channel pattern on the 1-hour time frame. Price just came off a test of resistance and might be ready for a pullback to the channel support, which is near the moving averages. The...
USD The US dollar regained ground against its peers when Fed Chairperson Yellen didn't sound too cautious in her testimony last Friday. She confirmed that a rate hike would probably be appropriate in the coming months, acknowledging that the US economy...
EURGBP has been selling off recently but it appears to be stalling at a longer-term correction level. Zooming out to the daily time frame reveals that price is stalling at the 50% Fibonacci retracement level and might be due for a bounce. A larger correction...
