EURGBP is hovering at the bottom of its long-term range, ready to make a bounce off support or a breakdown depending on how data turns out. A bounce off the support at the .7050 area could lead to a rally back up to the .7400 levels or at least until...
USD The US dollar had a pretty quiet trading day, as traders calmed down from the NFP volatility. The currency managed to hold on to its lead against the euro and comdolls but weakened to the yen and pound. There were no major reports out of the US...
GBPAUD has been trending higher on its 4-hour chart, moving inside a rising channel visible on that time frame. Price just bounced off the channel support at 2.1150 and may be aiming for the top at 2.1800-2.1900. Price could still encounter a bit of...
USD The US dollar enjoyed a strong rally against its forex rivals on Friday, thanks to upbeat jobs data. The NFP report showed a 271K increase in hiring, much higher than the projected 179K figure and the previous 137K rise. This was enough to bring...
AUDUSD has broken below its mid-range area of interest and is now aiming for the bottom around the .6950 minor psychological level. A test of this support could yield either a bounce or a break, with technical indicators suggesting that bearish momentum...
USD The US dollar was much stronger across the board, thanks to hawkish remarks from Fed Chairperson Yellen and support from FOMC members Brainard and Dudley. Yellen said that a December rate hike is a "live possibility" if upcoming data meets...
USDJPY has been moving sideways on its 4-hour time frame, finding support at the 118.50 minor psychological level and testing resistance at the 121.50 mark. Stochastic is indicating overbought conditions, which suggests that the top of the range...
USD The US dollar had a mixed performance but was mostly in the green despite weak data. Factory orders slumped by 1.0% in September, worse than the expected 0.8% fall, while the IBD/TIPP economic optimism index slipped from 47.3 to 45.5. For...
GBPUSD has been trending lower on its 4-hour and 1-hour charts, moving inside a descending channel pattern. Price is currently testing the top of the range around the 1.5450 minor psychological level and might be due for a drop back to the bottom...
USD The US dollar struggled to hold on to its recent gains when the ISM manufacturing PMI was released. The index fell from 50.2 to 50.1 in October, slightly higher than the projected 50.0 figure. However, the employment component indicated a...
