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...

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...