USD The US dollar suffered huge losses to most of its major counterparts in recent trading, as the GDP reading was downgraded to show a 2.9% contraction. Recall that the GDP has already been downgraded from an initial positive reading to a 1.0% contraction...

USD/JPY has been consolidating inside a symmetrical triangle for almost an entire month, as traders are torn in picking a clear direction for this pair. However, the bleak US GDP release has resulted in a sharp downside break from triangle support and...

USD The US dollar had a mixed performance to its major counterparts in recent trading as it acted mostly as a counter currency. There were no major reports released from the US economy except for the CB consumer confidence and new home sales report,...

EUR/GBP is showing signs of pulling back to the retracement levels and trend line marked on the 4-hour time frame. As you can see, the 50% Fibonacci retracement level lines up with the .8050 minor psychological level, which might act as resistance for...

USD Although the US dollar had a volatile trading day, it was practically range-bound against most of its major forex counterparts. Data from the US was stronger than expected, as both the flash manufacturing PMI and existing home sales beat expectations....

EUR/NZD has been in a steady downtrend, as the ECB rate cut has weighed on the euro’s value. At the same time, the recent RBNZ rate hike is keeping the New Zealand dollar afloat against its major forex counterparts. The pair has just come off a test o...

USD The US dollar had a small recovery on Friday, as traders booked their post-FOMC dollar short profits. There have been no major reports from the US economy then, and only the flash manufacturing PMI and existing home sales data are due today. The...

GBP/USD has recently made a strong convincing break past its yearly highs at the 1.7000 major psychological level, indicating a continuation of the long-term rally. However, price has retreated back to the 1.7000 area after reaching highs past the 1.7060...

USD The US dollar still lacked support in recent trading sessions, as risk appetite picked up and traders are disappointed about the latest FOMC statement. Data from the US was slightly better than expected, as initial jobless claims printed a 312K...

GBP/CHF’s uptrend is still intact, as seen on the 4-hour forex chart with an ascending trend line connecting price lows. Stochastic still hasn’t reached the oversold zone, which suggests that a deeper pullback might happen before the rally resumes. At...