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...

USD The US dollar regained ground against most of its major forex counterparts as risk appetite remained weak at the start of the trading week.  There have been no major reports released from the US on Monday while today has a couple of medium-tier...

USDCAD has formed a double top chart pattern on its 1-hour time frame, indicating that the uptrend is about to turn. Price has yet to break below the formation’s neckline near the 1.0900 major psychological support before confirming the selloff. Stochastic i...

USD The US dollar had a mixed performance towards the end of the trading week, ending lower against the euro but higher against the pound and the yen.  Data from the US was mostly weaker than expected, as preliminary unit labor costs and non-farm...

EUR/JPY is still on a steady downtrend as the pair gears up for another test of the descending trend line resistance on its 4-hour time frame. Price has recently bounced from its recent selloff and may retest the 137.00 major psychological resistance....