USD The US dollar experienced some volatility during Janet Yellen’s testimony in front of Congress in the latest US trading session. However, her speech didn’t contain any surprises as she simply confirmed that the Fed would carry on with its taper pla...
AUD/USD made a strong break above a recent resistance level, thanks to reassuring comments from Fed Chairperson Janet Yellen. However, price seems to be stalling around the .9000 major psychological level and might need to make a pullback before resuming...
USD The US dollar continued to lose ground to most of its major counterparts, despite the lack of top-tier data released in the latest New York session. Traders are starting to price in dovish remarks from Fed head Yellen, as jobs data have posted consecutive...
NZD/USD recently broke below the ascending trend line on its 4-hour time frame and dipped below the .8100 mark. However, weak data from the US and improved risk sentiment have allowed the pair to pull back to the former support level. Stochastic is already...
USD The US dollar closed Friday on a weak note because the US non-farm payrolls report printed weaker than expected results. The actual figure came in at 113K versus the estimate at 180K, following December’s dismal jobs data. However, the jobless r...
GBP/USD just broke below the long-term rising trend line on its 4-hour chart recently but appears ready to make a pullback before resuming its selloff. The pair has bounced off support at the 1.6300 major psychological level earlier in the month and...
USD The US dollar was stuck in consolidation against most of its major currency counterparts, although US data came in weaker than expected yesterday. Preliminary non-farm productivity was higher than expected for the previous quarter so unit labor...
USD/JPY might be in for a bit of consolidation in the trading hours leading up to the US non-farm payrolls release. Another weak figure is expected, as cold weather conditions could weigh on the employment change figure for January. If that’s the case, t...
USD The US dollar edged lower than most of its major counterparts in recent trading, as data from the US economy came in mostly weaker than expected. The ADP non-farm employment change figure showed a 175K increase, lower than the projected 191K figure,...
A classic reversal chart pattern has formed on GBP/JPY’s 1-hour time frame, indicating that the recent selloff is almost over. However, the pair has yet to make a break above the neckline of the formation before a rally is confirmed. Take note that s...
