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...
AUD/JPY is on its way to the top of its long-term range, which can be clearly seen on the daily time frame. Stochastic is already indicating overbought conditions, which suggests that bears could push the pair back down sooner or later. The resistance...
USD The US dollar chalked up losses in recent trading, as risk appetite continued to improve. Data from the US was also weaker than expected, with headline retail sales printing a 0.4% decline and core retail sales showing a flat reading. This wasn’t s...
After that hawkish BOE inflation report, GBP/AUD made a strong break above the neckline of the double bottom pattern earlier this week. However, after finding resistance at the 1.8600 handle, the pair looks ready to make a quick pullback before resuming...
USD Data was light in the US session but that didn’t stop the Greenback from cashing in on the weakness of most of its major currency counterparts, except for the British pound. The Federal budget balance came in better than expected at a deficit o...
The euro might be under fresh selling pressure as an ECB official recently spoke of the possibility of negative deposit rates in the region. On its 1-hour time frame, the pair is testing a falling trend line connecting the recent highs, at the same time...
