EURGBP recently made a strong bounce off the bottom of its long-term range at the .7000 major psychological level and appears to have enough momentum to make it back to the top. If resistance at the .7400 handle holds, price could head back down to the...
USD The US dollar was able to recover at the start of the week, thanks to the downturn in commodity prices and the return in risk aversion There were no major reports out of the US economy, as it seems that market participants are just bracing themselves...
NZDUSD has recently broken past a key resistance level at the .6600 major psychological mark then zoomed up close to the .6800 handle before showing signs of a pullback. Using the Fib tool on the latest swing high and low shows that the 61.8% retracement...
USD The US dollar managed to make a quick rebound on Friday, thanks to upbeat jobs data. The US economy added 211K jobs in November, higher than the projected 201K gain. Meanwhile, the previous report enjoyed an upgrade from 271K to 298K and the...
EURAUD has been in a steady downtrend on its longer-term time frames, with a descending trend line connecting the latest highs of price action. Price made a sharp pop higher after last week's ECB rate statement but it looks like the falling resistance...
USD The US dollar had a late rally during the New York trading session as Fed Chairperson Yellen reiterated her hawkish bias Data from the US economy fell below expectations, as the ISM non-manufacturing PMI dropped from 59.1 to 55.9 instead of just...
GBPAUD has been on a steady downtrend but just enjoyed a nice pop higher after the release of today's set of data from Australia and the UK. This opens the possibility of a correction to the trend line visible on the 1-hour and 4-hour time frames. Using...
AUDUSD has been moving in a steady uptrend, trading above an ascending trend line connecting the latest lows of price action. Price recently made a swing high near the .7350 minor psychological level before showing signs of a pullback. A correction...
USD The US dollar continued to give up ground during the earlier trading sessions but made a bit of a recovery later on. Data from the US economy was mostly stronger than expected, as the ADP non-farm employment change report indicated a 217K gain versus...
USD The US dollar had a rough trading day, as the downbeat ISM manufacturing PMI forced the currency to retreat. The reading slipped from 50.1 to 48.6 in November, its lowest reading since June 2009, instead of rising to the projected 50.6 figure. Up...
