USD The US dollar barely budged against most of its major counterparts in recent trading, save for the Australian dollar and Canadian dollar. There have been no reports released from the US economy yesterday and there are still no reports lined up for...
EUR/USD’s recent selloff might soon be over, as the pair formed a double bottom on its 1-hour time frame. This is a classic reversal pattern and the uptrend could be confirmed once the pair breaks above the neckline of the formation. Right now, the p...
USD The US dollar lost ground to its major counterparts when prices retraced and risk sentiment improved. There have been no reports released from the US yesterday since traders were on holiday and there are no reports due today. This suggests that...
NZD/USD is forming a rising channel on its 1-hour time frame, after having bounced off the bottom near the .8200 major psychological support. The pair has moved past the middle of the channel after the New Zealand CPI release and is on its way to test...
USD The US dollar lost a bit of ground on Friday, thanks to weaker than expected consumer sentiment data. The preliminary figure reported by University of Michigan came in at 80.4 instead of the estimate at 83.4. Building permits and housing starts...
USD/JPY has confirmed the potential downtrend, after it made a retest of the broken trend line support last week. This could mean that further losses are in the cards for the pair. Take note though that stochastic already reached the oversold zone, indicating...
USD The US dollar retreated from its strong rallies in yesterday’s trading, thanks to the lack of major data from the US economy. Medium-tier reports came in mostly in line with expectations, as the core CPI showed a 0.1% uptick while the initial j...
AUD/JPY is on its way towards the bottom of the falling channel on the 4-hour time frame. A bounce might be in the cards since stochastic is indicating deeply oversold conditions. The pair could find support at the 91.00 major psychological level, which...
USD The US dollar saw a share of mixed data in the latest US session, as the core PPI and Empire State index both beat expectations but the headline PPI came up short. Core producer prices rose by 0.3% instead of the estimated 0.1% uptick while headline...
Thanks to Australia’s weaker than expected jobs data, AUD/JPY finally broke below that short-term consolidation on the top of the falling channel on its 4-hour time frame. At the same time, the yen could continue to gain ground as risk aversion has b...
