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...

USD The US dollar struggled to extend its rallies in the latest trading sessions, as data from the US economy simply came in line with expectations. Crude oil inventories showed a 2.6 million deficit while the Federal budget balance printed a 130 billion...

AUD/USD is finding resistance at the top of its range, visible on the 4-hour forex time frame. At the same time, stochastic is moving down, which means that there’s enough selling pressure to push price down. A strong selloff could last until the bottom o...

USD The US dollar dominated in recent forex trading sessions, particularly against the euro and the pound. Against the yen though, the Greenback gave up most of its recent gains. Medium-tier data from the US economy was mixed, as the JOLTS job openings...

USDCAD is still trading inside the rising channel on its 1-hour time frame and may be ready to resume the climb if it finds support at the bottom of the channel near the 1.0850 minor psychological level. Stochastic is already in the oversold zone, hinting...

USD The US dollar regained strength against the euro and Swiss franc in yesterday’s trading sessions but it lost ground to the yen and Aussie then consolidated to the pound. There have been no major reports released from the US economy yesterday while t...