USD The US dollar gave back some of its latest wins, as traders took profits off their long dollar positions yesterday.  There have been no reports released from the US then, which allowed traders to reduce some of their holdings. For today, there...

EURUSD has been moving in a downtrend for quite some time, forming a descending trend line in connecting the recent highs. The pair has bounced off the 1.2500 major psychological support level and pulled up to the 1.2650 area, which lines up with the...

USD The US dollar had a strong rally on Friday, as the September NFP report churned out stronger than expected results.  Employment picked up by 248,000 during the month, higher than the projected 212,000 increase. The previous months’ reports w...

GBPUSD has been in a steady downtrend in the past weeks, more so last Friday when the US released a strong NFP reading.  Price has dropped from the 1.6150 area to 1.5950 where it is currently consolidating. The US showed a 248,000 increase in hiring...

USD The US dollar continued to advance against its forex counterparts, especially to the euro and the yen.  Data from the US economy was actually weaker than expected but it appears that risk sentiment has favored the safe-havens recently. Chicago...

EURJPY appears to have found support at the 200 simple moving average, which is close to the 61.8% Fibonacci retracement level on the 4-hour time frame.  Weak euro zone inflation data sparked a round of euro selling in yesterday’s London session, b...

USD The US dollar seemed to have trouble extending its gains in the latter trading sessions, as traders started to book profits off their long positions at the end of this month and quarter.  Data from the US has been mostly in line with expectations,...

USDJPY seems to be having trouble sustaining its gains past the 109.50 minor psychological level, opening the case up for a quick retracement.  Price appears to have pulled back to the 38.2% Fibonacci retracement level on the 1-hour forex time frame....

USD The US dollar continued to advance against most of its major counterparts, as data from the US economy came in line with expectations. The final GDP reading was revised from 4.2% to 4.6%, reflecting stronger growth in the previous quarter. Consumer...

EURJPY appears to be retracing from its recent rally earlier in the month, as price has found resistance near the 141.00 major psychological level and pulled back to the 139.00 area. A deeper pullback could last until the 61.8% Fibonacci retracement...