USD The US dollar chalked up small gains against its forex counterparts despite the lack of liquidity in yesterday's market. US traders were off on a Labor Day holiday and there were no reports from the US economy. For today, only low-tier reports...
EURCHF has been gradually trading higher, moving inside a shallow rising channel on its 1-hour time frame. Price is currently testing the top of the range at the 1.0900 major psychological level, which might hold as resistance. In that case, EURCHF...
USD The US dollar tossed and turned after the release of the jobs report, which indicated a weaker than expected headline figure of 173K versus the projected 225K reading. Despite that, the jobless rate improved from 5.3% to 5.1% in August while...
GBPJPY has been trending lower on its 1-hour time frame, with the 100 SMA treading below the longer-term 200 SMA and indicating that the selloff could continue. Price bounced off the support at the 180.50 minor psychological mark and may be due...
USD The US dollar was able to take advantage of the run in risk aversion, thanks to the ECB's dovish monetary policy statement. Data from the US was also better than expected, as the ISM non-manufacturing PMI dipped from 60.3 to 59.0, better...
GBPUSD has been selling off on the short-term charts but is currently approaching the bottom of the range visible on the daily time frame. Price could bounce off the floor around the 1.5100-1.5200 levels, which have held as support since April....
USD The US dollar had a mixed trading day, as data from the economy fell short of expectations. The ADP non-farm employment change report showed a mere 190K gain in hiring versus the projected 224K increase while the previous reading was...
AUDCAD recently broke below the support around the .9400-.9425 area and dipped to a low of .9250. From there, price bounced and showed signs of a potential pullback to the broken support zone, which might now hold as resistance. In addition, the...
USD The US dollar managed to advance against most of its forex counterparts, despite weaker than expected data from the US economy. The ISM manufacturing PMI fell from 52.7 to 51.1, worse than the estimated dip to 52.6. The employment component...
EURGBP is still moving inside its range on the 4-hour time frame, currently testing the resistance at the .7400 major psychological level. An upside break might be possible since stochastic is climbing while the 100 SMA just crossed above the 200...
