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...

USD The US dollar slid a bit lower to its major currency rivals in recent trading, as risk appetite somewhat improved. Data from the US was better than expected, with factory orders dropping by only 1.5% instead of the estimated 1.9% decline. No other...

Thanks to strong New Zealand jobs figures, NZD/USD made a stellar rally in the past trading session and climbed back above the .8200 handle. However, the pair might be encountering resistance right at that area, which has acted as a support level in the...

USD The US dollar gave up a lot of ground to its major currency counterparts in yesterday’s New York trading session, when the ISM manufacturing PMI came up short of expectations. The actual figure slipped from 57.0 to 51.3, worse than the expected d...

USD/JPY recently broke below the 102.00 major psychological support level and dipped below the 101.00 mark this week. However, with stochastic reaching the oversold region and crossing upwards, dollar bulls may be back in action for the near term. If...

USD The US dollar had a mixed performance on Friday, as it gained ground against some currencies but lost against the rest. Data from the US came in mostly in line with expectations, as Chicago PMI climbed from 59.1 to 59.6 while the revised UoM consumer...