GBPNZD has been on a strong uptrend in the past few weeks, as diverging monetary policy biases have driven the pair to the 2.1000 levels. A correction is taking place, with the pair pulling back to the Fibonacci levels on the 4-hour chart. The...
USD The US dollar got hit by a wave of selling in recent trading, as the FOMC minutes turned out to be dovish. Policymakers weren’t too keen about hiking interest rates early next year as they reiterated that rates will remain low for a...
EURUSD seems to have capped off its selloff, as price is now retreating from the 1.2500 levels to the 1.2700 area. The pair got a boost from a dovish FOMC minutes, which indicated that the Fed isn’t likely to hike interest rates early next year. A...
USD The US dollar had trouble getting back on its feet in yesterday’s trading sessions as most traders were still in profit-taking mode. Data from the US economy was mixed, as the JOLTS job openings came in stronger than expected while the IBD/TIPP e...
USDJPY appears to be having trouble sustaining its gains past the 110.00 major psychological resistance, as a double top pattern has formed on its 4-hour time frame. Price is currently testing the neckline around the 108.00 handle. A break below...
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...
