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...

After the sharp rally in the past couple of days, GBP/USD is now stalling at a major psychological resistance level, which is also around the yearly highs at 1.7000. Stochastic is moving down, which means that pound bears are ready to take control of...

USD Data from the US economy has disappointed once more on Friday, with the PPI and preliminary UoM consumer sentiment figures all coming in weaker than expected. Headline PPI slipped by 0.2% instead of showing the estimated 0.1% uptick while core PPI...

On its daily forex chart, AUD/JPY is testing the top of the rising channel with stochastic reflecting overbought conditions. Price might pull up for a test of the actual resistance around the 96.00 major psychological level before heading south. If resistance...

USD The US dollar edged slightly lower in recent trading sessions as US retail sales data disappointed. The headline figure showed a 0.3% uptick versus the estimated 0.5% gain while the core version of the report showed a 0.1% increase instead of the...

Thanks to BOE Governor Carney’s hints that the UK central bank is looking to hike interest rates earlier than markets expect, GBP/AUD has made a strong convincing bounce off the range support visible on its 4-hour forex chart. Stochastic is also moving h...