USD The US dollar barely reacted to the minutes of the latest FOMC meeting, as the report revealed nothing new. Policymakers mentioned that they are not very concerned about accommodative monetary policy stoking inflationary pressures at the moment,...
After that strong selloff in the past few trading days, NZD/USD is now finding support at the .8550 minor psychological level. This has acted as a floor for price drops in the past and might hold again. Stochastic just moved out of the oversold region...
USD The US dollar drew support from risk aversion in yesterday’s trading sessions, as the declaration of martial law in Thailand brought geopolitical risk back in the mix. There were no reports released from the US economy but a few Fed officials g...
GBP/AUD’s downtrend might soon reverse, as the pair has formed a double bottom pattern on its 4-hour time frame. The pair has bounced off the 1.7850 minor psychological level a couple of times then found resistance at the pattern’s neckline around 1.8...
USD The US dollar showed signs of strength in the past few trading hours as risk aversion gripped the financial markets once more. Martial law has been declared in Thailand and this kind of geopolitical tension usually turns out to be positive...
AUD/USD has been on a steady uptrend, as seen on the 4-hour time frame, but it appears that the rally is slowing down. The pair has formed lower highs from April to May, indicating that sellers are becoming more aggressive. The pair is still finding...
USD The US dollar had a mixed performance on Friday, as the lower-yielding currency simply reacted to currency-specific events. Data from the US economy was mixed, as the UoM consumer sentiment figure fell short of expectations while the housing data...
USD/JPY has been consolidating tighter and tighter inside a descending triangle chart pattern on its daily time frame. This suggests that sellers are trying to push the pair lower but that buyers just won’t let up. A break in either direction could l...
USD Data from the US economy came in mixed yesterday, with manufacturing indices printing stronger than expected results and industrial production data coming in short. The Empire State manufacturing index showed a large improvement from 1.3 to 19.0,...
A reversal chart pattern can be seen on the 4-hour time frame of AUD/CAD, indicating that the pair’s climb may be cut short and may soon reverse. The heand and shoulders formation has a neckline around the 1.0150 minor psychological support, which the p...
