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...
USD/CHF has been moving inside a falling trend channel for the past week, as dollar demand has remained weak while Swiss economic data have shown improvements. The pair just came off a test of the channel resistance and underwent a sharp selloff to the...
USD The US dollar had a volatile day on Friday when the non-farm payrolls report came in stronger than expected. The economy added 288K jobs in April, higher than the estimated 216K gain. The previous month’s figure was also revised to show a stronger p...
NZD/USD is approaching the top of the range on its 4-hour time frame, suggesting that the pair’s rallies are soon over. This depends on the top-tier data releases from New Zealand and the U.S. this week though. The stochastic on the 4-hour chart is a...
USD The US dollar failed to draw support from upbeat data in recent trading. US ISM manufacturing PMI posted a stronger than expected expansion in the industry, as the index surged from 53.7 to 54.9, outpacing the consensus at 54.3. Personal spending...
EUR/USD is trading inside a symmetrical triangle on its 4-hour time frame as traders can’t quite establish a clear direction on the pair. Price is testing the top of the triangle around the 1.3875 levels but stochastic is reflecting selling pressure. ...
