USD The US dollar advanced to the pound and most of its major counterparts in recent trading, as data from the US came in mixed. The ADP non-farm employment change figure saw a 230K gain versus the estimated 214K increase while the previous month’s r...
GBPUSD has recently broken below a significant support level, a sign that further losses could be in the cards. After dipping close to the 1.5850 minor psychological support, price has pulled up for a retest of the area of interest. The broken...
USD The US dollar returned some of its recent forex trading gains as traders booked profits ahead of the mid-term elections, which pose a risk to dollar trends. Economic data from the US was weaker than expected, with factory orders posting a...
USDCHF has broken above the resistance at the .9550 minor psychological level and looks prime for a pullback to the Fibonacci levels marked on the 1-hour time frame. The pair appears to be finding support at the 38.2% level, although stochastic...
USD The US dollar was on a roll once more, as the currency continued to advance against most of its forex counterparts. EURUSD tested new lows while USDJPY went on to rally to levels not seen since 2007. Data from the US was stronger than expected,...
NZDUSD could be in for a correction after breaking below the support zone at the .7800 major psychological level. The pair has dipped to the .7700 area and has shown signs of retracing. The Fibonacci retracement tool indicates that the 38.2% level...
USD The US dollar continued its ascent until the very end of the week, particularly against the euro and the yen. Data from the US economy was mixed, with the personal spending and income figures coming short of expectations and the employment...
EURUSD seems to be gearing up to make new lows, as price is testing the previous ones near the 1.2500 major psychological level. A break below this area could signify that further losses are in the cards for the pair and that selling pressure has...
USD The US dollar gave back some of its recent gains even though the US GDP reading was stronger than expected. The economy grew 3.5% in Q3, better than the estimated 3.1% growth figure but weaker compared to the previous 4.6% expansion. Components...
GBPUSD has been moving sideways for most of the month and has recently found support at the bottom of the range once more. Price bounced off the 1.5950 minor psychological support level and may be headed for the top of the range. The resistance...
