USD The US dollar advanced against its major forex counterparts again when risk aversion popped back in the financial markets. Data from the US economy was mostly stronger than expected, with the ISM non-manufacturing PMI climbing from 55.2 to 56.3....
EUR/CAD might be in for a retest of the broken neckline and support at the 1.5000 major psychological level, with the ECB set to ease in today’s rate statement. Stochastic is already pointing down, which means that bears are in control at the moment. ...
USD The US dollar took a quick break from its strong rallies as risk appetite picked up in recent forex trading sessions. Data from the US economy was relatively better, as factory orders showed a 0.7% increase and saw an upward revision in the previous...
NZD/USD selloff might soon hit a floor, as the pair is approaching the .8400 major psychological support level. This is in line with a former resistance level and the 50% Fibonacci retracement. Stochastic has been indicating oversold conditions for quite...
USD The US dollar had a very strong start to the trading week, as it raked in gains against the euro, Loonie, and yen. The US ISM manufacturing PMI showed a decent improvement from 54.9 to 55.4, slightly lower than the consensus at 55.7 but still a positive...
USD/CAD has been moving sideways for almost a month already, which is not at all surprising for this pair that usually ranges. The pair has found support near the 1.0830 level and resistance at 1.0920, creating a 90-pip range. Price is ready to test...
USD The dollar continued its dominance on Friday as risk aversion stayed in the financial markets. Small bounces among major forex pairs were seen towards the end of the US session, as traders booked profits ahead of this week’s top-tier events and c...
EUR/USD is currently finding support at the bottom of the rising channel on the daily time frame while stochastic is indicating deeply oversold conditions. If the support area holds this week, EUR/USD might make its way to the middle of the channel or...
USD The US dollar continued to advance against most of its major currency counterparts in recent trading as risk aversion haunted the financial markets. However, weak data from the US economy led to a bit of a selloff, as the GDP reading was revised...
EUR/GBP is currently testing the falling trend line on the 4-hour time frame, suggesting that another sharp drop might take place sooner or later. In terms of economic data, the euro zone is definitely doing worse than the U.K. so it’s reasonable to t...
