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...
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...
