USD/CHF has made a strong rally after bouncing off support on its 4-hour range. The pair has been moving sideways between the .8750 minor psychological level and the resistance around .8925. The rally could be cut short once the pair tests the top of...
USD The US dollar had a mixed trading day before the week came to a close, as most traders booked profits off their dollar longs ahead of the key events this week. . JOLTS job openings data was weaker than expected at 4.01M versus the estimated 4.21M...
After months of consolidating inside a symmetrical triangle pattern on its 4-hour time frame, EUR/JPY finally picked a direction when the ECB hinted that it could ease in June. The pair fell below the triangle support and is indicating that further losses...
USD The US dollar made a pretty strong recovery in recent trading as risk aversion returned to the markets. Initial jobless claims came in stronger than expected at 319K versus the estimated 328K increase in claimants, adding another boost to the dollar....
After making a strong break past the 1.6800 major psychological resistance earlier in the week, GBP/USD might need to make a quick pullback before pushing for more gains. After all, the BOE interest rate decision turned out to be a non-event, with traders...
USD The US dollar regained ground to most of its major counterparts in recent forex trading, as risk appetite waned. Not even Yellen’s relatively cautious speech was enough to force the dollar to retreat. The Fed head retracted her six-month rate h...
USD/CHF has recently broken below a support zone visible on the 1-hour time frame, indicating that further losses might be in the cards. After dipping to a low of .8720, the pair has shown signs of retracing, which might offer the chance to jump in the...
USD The US dollar gave up ground to most of its major counterparts right when the London session opened yesterday and risk appetite picked up. US data came in line with expectations as the trade balance showed a 40.4 billion USD deficit, smaller than...
NZD/USD made a strong upside break from the top of its range, which is around the .8700 major psychological resistance. This level could act as support moving forward, as it is close to the 38.2% Fibonacci retracement level. Stochastic is moving out...
USD The US dollar barely reacted to stronger than expected ISM non-manufacturing PMI yesterday. The index jumped from 53.1 to 55.2, surpassing the consensus at 54.3 and indicating a much stronger expansion in the services industry. US trade balance...
