USD The US dollar scored huge gains against its counterparts in the latest US session when Fed Chairperson Yellen took center stage. As expected, she decided to carry on with the Fed’s plan to taper $10 billion in asset purchases. She also announced t...
EUR/USD is moving in an uptrend, as seen on its 1-hour time frame. It is making a test of the rising trend line connecting the lows of the price while stochastic is in the oversold zone. A bounce might take place soon, possibly when stochastic crosses...
USD The US dollar had another mixed performance in recent trading, as major pairs were mostly driven by country-specific events and couldn’t establish a clear direction because of the lack of US reports and major catalysts. Risk sentiment is shifty, w...
USD/JPY might be in for a quick pullback to an area of interest before resuming its rally. The pair recently broke above the 102.50 minor psychological level, which has been holding as resistance in the past month. The broken resistance zone is somewhere...
USD The US dollar had a mixed performance to its major currency counterparts recently as data was light in the US session. In fact, there were no major economic releases from the US. For today, JOLTS job openings data and the NFIB small business index...
NZD/USD is in a strong uptrend on its short-term time frame, boosted by rate hike expectations in this week’s RBNZ interest rate decision. Earlier today, New Zealand Prime Minister John Key remarked that rates need to return to normal levels sooner o...
USD The US dollar gained ground against most of its major counterparts in recent trading, thanks to a stronger than expected NFP release. The actual figure showed a 175,000 increase in jobs versus the estimated 151,000 gain while the readings for January...
USD/CAD has been bouncing back and forth inside a 200-pip range on its short-term time frame. The pair has just tested support near the 1.1000 major psychological level and is en route to test resistance at the 1.1200 major psychological handle. Stochastic...
USD The US dollar made a quick rebound against most of its major currency rivals in recent trading, as the FOMC minutes showed the Fed’s commitment to carry on with their taper plans. Data from the US has actually been mostly weak, with building permits s...
USD/CHF is currently testing a major support level, as can be seen on the longer-term time frames. This is in line with the .8900 major psychological level which has held for the past few months. Stochastic has reached the oversold region, indicating...
