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...
USD The US dollar had a mixed performance in the recent trading sessions, as it weakened against the euro and franc but gained ground against the pound, Kiwi, and Aussie. US data all came in weaker than expected, as the Empire State index showed a sharper...
Thanks to the recent upward revision in the BOE’s growth and inflation forecasts, combined with the BOJ’s easing bias, GBP/JPY has been climbing up the charts and trading above a rising trend line on the 1-hour time frame. However, the weaker than exp...
USD The US dollar consolidated against most of its major counterparts in yesterday’s New York trading session, as most traders were on a holiday because of President’s Day. There were no reports released from the US economy then. Only medium-tier dat...
GBP/USD has made a stellar rally in the past few trading days, but it appears that the climb is losing steam and the pair needs to make a pullback. On the 1-hour chart, it can be seen that the 38.2% Fib level lines up with the former resistance around...
USD The US dollar lost ground to its major currency counterparts on Friday, as data came in mixed. Capacity utilization and industrial production both fell short of expectations while import prices posted a mere 0.1% uptick. The preliminary UoM consumer...
