AUD/USD suffered a sharp selloff towards the end of last week, when the world economic leaders in Davos confirmed that a slowdown is in the cards for the emerging nations. It didn’t help that China also printed a weaker than expected HSBC manufacturing P...
USD The US dollar lost its shine in yesterday’s trading since economic data printed mostly disappointing results. The flash manufacturing PMI slipped from 54.4 to 53.7 instead of improving to the estimated 55.2 reading. Existing home sales came in a...
GBP/JPY has made a stellar rally in the past few trading days, thanks to improved fundamentals in the UK. However, yesterday’s yen strength triggered a sharp selloff, which could simply be a retracement for this pair. Right now, the pair is finding s...
USD The US dollar had a mixed performance in yesterday’s trading, as it consolidated to the euro, lost ground to the pound, then strengthened against the comdolls. There were no reports released from the US economy recently, which explains why the G...
CAD/JPY might be in for more losses, as the pair just broke below the support of the rising channel on its 4-hour time frame. Stochastic is already in the oversold zone but hasn’t crossed upwards, indicating that sellers have enough momentum to push t...
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...
