USD Despite weaker than expected US economic data, the US dollar managed to score gains against most of its major currency counterparts. The flash manufacturing PMI for April fell from 55.5 to 55.4 while new home sales printed a bleak 387K figure instead...
AUD/USD has sold off because of the weak Australian CPI reading but this might merely spark a large correction for the pair’s ongoing uptrend. On the 4-hour time frame, a rising trend line can be drawn to connect the lows of the price since mid-January t...
USD The US dollar lost a bit of ground to some of its major counterparts in recent trading as risk sentiment improved in the markets. However, liquidity was still low and there were barely any big moves among dollar pairs. Data from the US was stronger...
USD/CAD recently broke below a rising trend line on its 4-hour time frame, thanks to weak US non-farm payrolls data and a downbeat FOMC meeting minutes release. However, the pair is showing signs of exhaustion from the selloff and may be ready to make...
USD Volatility is expected to pick up in today’s trading sessions, after the snoozer on Monday’s trading. Financial markets are reopening today and traders will return to their desks, leading to some movement among major pairs. US existing home sal...
USD/JPY is moving inside an ascending trend channel on its 4-hour time frame, indicating that further gains could be in the cards for the pair. Take note though that stochastic already reached the overbought zone and may indicate weakening buying momentum...
USD Trading among dollar pairs has been relatively subdued in the past days, as traders were off on a holiday. Most markets are still closed today so expect further consolidation from major currency pairs. There are no economic reports due from the...
A double bottom chart formation can be seen on AUD/NZD’s daily time frame, indicating that a long-term uptrend might be in the cards. This could take place if the pair is able to make a strong break past the neckline of the formation around the 1.0900 m...
USD The US dollar caught a small break from its selloff on Thursday’s trading, as the lack of top-tier data prevented traders from pushing in a clear direction. Initial jobless claims came in stronger than expected at 300K versus the estimated 314K f...
AUD/USD made a strong rally yesterday thanks to upbeat jobs data, but it was unable to sustain its rally when Chinese CPI came in weaker than expected today. The pair topped around the .9450 minor psychological resistance level and is showing signs of...
