USD The US dollar dominated against its major forex counterparts in recent trading, as US bond yields renewed demand for the currency. There were no reports released from the US economy yesterday while today has the revised GDP reading, initial jobless...
GBP/USD has been finding support around the 1.6750 minor psychological level, which coincides with a longer-term rising trend line, for quite some time now. However, the pair just made a strong downside break, indicating that a deeper selloff could be...
USD The return of US traders from their Memorial Day holiday lent support to the dollar, along with stronger than expected headline durable goods orders data. The report showed a 0.8% increase in orders while the core version printed a mere 0.1% uptick....
NZD/USD might be due for a bounce this week, as the US gears up to release a downward revision in its Q1 GDP reading. The figure was initially reported at 0.1% but analysts predict that the second version could show a downgrade to -0.6%, effectively showing...
USD The US dollar showed signs of weakness at the start of the week, as the absence of US traders who were on a Memorial Day holiday left the dollar with very little support. There were no reports released from the US economy then as banks were also...
AUD/JPY recently made a strong break below a support level and may be ready for a quick retracement before resuming its drop. The pair previously found support at the 94.50 minor psychological level and the break took it down to the 93.00 level. A pullback...
USD The US dollar had a mixed performance at the end of the week as risk sentiment and profit-taking played key roles in dictating currency price action. US new home sales came in stronger than expected, giving the currency a bit of support during...
NZD/USD is currently testing a major support level, visible on the 4-hour forex time frame. Stochastic is already moving in the oversold area but has yet to cross higher and indicate a potential return of bullish momentum. Over the weekend, New Zealand...
USD The US dollar sprang back to life in recent trading sessions, despite mixed data from the US economy. The flash manufacturing PMI surged from 55.4 to 56.2, outpacing the consensus at 55.6. However, existing home sales and initial jobless claims...
AUD/JPY has been forming a rising channel on its daily time frame, indicating that the longer-term uptrend is still valid. The pair is even finding support at the middle of the channel and might be headed back for the top around the 97.00 levels. Stochastic...
