USD The US dollar had a strong run on Friday, thanks to an upbeat GDP release. The preliminary reading showed an upward revision from 0.7% to 1.0% instead of being downgraded to 0.4% as expected. Personal spending and income both ticked...
AUDUSD has been trending higher in the past weeks, trading above an ascending channel on its 1-hour time frame. Price is currently testing the trend line support and might be due for a bounce or a break. A bearish flag appears to have formed right...
USD The US dollar gave up some ground to its higher-yielding peers as risk appetite improved yesterday. Data from the US came in mostly stronger than expected, with the headline durable goods orders showing a 4.9% rebound from the previous 3.0% decline...
GBPJPY has been trending lower across multiple time frames, moving below a descending trend line on its 4-hour forex chart. Price is currently pulling up to the resistance area and might be ready to resume its drop to the previous lows at 154.75. Using...
USD The US dollar was in a weak spot due to a pickup in risk appetite and weaker than expected US data. The flash services PMI fell from 53.2 to 49.8, its lowest reading in 28 months, versus the projected rise to 53.4. New home sales sank from 544K...
USDJPY has been trending lower recently, moving below a descending trend line connecting the latest highs of price action on the 1-hour chart. Price is currently testing this trend line and might be due for another drop. The 100 SMA is below the 200...
USD The US dollar was able to recover against the higher-yielding currencies yesterday as risk-off flows were seen. Data from the US economy came in mixed, with the CB consumer confidence index falling from 97.8 to 92.2 versus the projected 97.4 figure...
EURAUD had been trending higher on its 4-hour time frame, trading inside an ascending channel connecting the latest highs and lows. However, price made a downside break of support recently, indicating that a reversal might take place. EURAUD had been...
USD The US dollar gave up ground against the commodity currencies and the yen but advanced to the euro and pound. The US flash manufacturing PMI came in weaker than expected, falling from 52.4 to 51.0, worse than the projected dip to 52.3. US existing...
NZDUSD had previously been moving inside a descending triangle pattern, finding support around .6575 then forming lower highs on its 1-hour chart. Price recently broke past the triangle resistance and zoomed up to the .6725 level before showing signs...
