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...
USD The US dollar gave up a lot of ground in recent trading as the FOMC statement wasn’t as hawkish as many expected. In fact, the Fed even had a slightly dovish tone as policymakers announced downgraded GDP forecasts for 2014. While the FOMC expects e...
USD/CHF has been trading inside a range for the past few days but it appears that the pair is already hinting at further losses. A downside break took place after the latest FOMC interest rate decision, as the US central bank downgraded 2014 GDP forecasts...
USD The Greenback traded mostly higher than its major forex counterparts, despite mixed data from the US economy. Building permits and housing starts posted weaker than expected results while CPI figures were better than expected. Headline CPI saw a...
EUR/AUD has been in a strong downtrend, with the falling trend line connecting the highs of the price on the 4-hour time frame still intact. Stochastic is in the overbought zone, indicating that bulls are already exhausted. A move below the 80.00 level...
USD The US dollar regained ground against most of its trading counterparts when most economic reports came in stronger than expected. The Empire State manufacturing index improved from 19.0 to 19.3 instead of dipping to the estimated 15.2 reading. Industrial...
