USD The US dollar outpaced its major currency counterparts in yesterday’s trading session as risk aversion extended its stay and traders positioned themselves ahead of the Jackson Hole symposium. Medium-tier data from the US was better than expected, a...

NZDUSD has been moving inside a falling channel on its 1-hour time frame, reflecting a short-term downtrend. Price has just found resistance at the top of the channel and is moving to the bottom. NZDUSD has been moving inside a falling channel on its...

USD Price gaps were seen all over dollar pairs in the start of this trading week as risk appetite appeared to improve over the weekend. Apart from that, data from the US economy came in weaker than expected on Friday, with consumer sentiment and the...

EURGBP has been moving inside a rising channel for most of the month, as price made higher lows and higher highs. At the moment, the pair is testing the top of the rising channel, which lines up with the .8000 major psychological barrier. At the same...

USD The US dollar had a mixed performance as it advanced to the euro but gave up some of its gains against the comdolls then consolidated to the pound.  Data from the US simply came in line with expectations, as the initial jobless claims landed...

EURUSD has been consolidating tightly, as the pair made lower highs and higher lows, forming a symmetrical triangle pattern on its 1-hour time frame. Price is currently testing the bottom of the formation while stochastic is moving out of the oversold...

USD The US dollar got back on its feet and was able to advance against its forex counterparts, despite weaker than expected US retail sales.  The headline figure showed a flat reading for July while the core version of the report printed a mere...

The euro zone is set to release its GDP readings for the second quarter of the year and is widely expected to show disappointments, possibly a chance to hop in a euro short trade. EUR/JPY is currently testing the falling trend line on its 4-hour time...

USD The US dollar returned some of its recent gains when data came in weaker than expected. The JOLTS job openings report marked a 4.67M gain, lower than the estimated 4.74M increase.  Meanwhile, the NFIB small business index climbed from 95.0 to...

GBPUSD has been on a downtrend ever since the BOE showed a bit of hesitation when it comes to tightening monetary policy by the end of the year. Price has broken below a support area around the 1.6850 minor psychological level and has traded near the...