USD It was a mixed day for the US dollar in recent trading, despite stronger than expected retail sales data. The actual core figure showed a 0.7% uptick versus the estimated 0.4% increase but the previous month’s reading was revised down to 0.1%. T...

EUR/AUD is pulling up to an area of interest seen on its 4-hour time frame while stochastic is moving up towards the overbought zone. At the moment, it looks like the pair is encountering a bit of resistance at the 38.2% Fibonacci retracement level....

USD The US dollar gave up a lot of ground to its major counterparts as there were no reports to support the US currency yesterday. The Federal budget balance came in better than expected and printed a larger surplus but was not enough to keep the dollar...

After its strong selloff in the past few days, GBP/AUD seems ready to make a retracement to an area of interest. On the 1-hour time frame, it can be seen that the broken support level is right in between the 38.2% and 50% Fibonacci retracement levels,...

USD The US dollar was sold off sharply on Friday when the NFP report printed weaker than expected results. The actual figure showed a 74K rise in hiring when analysts were expecting to see roughly 200K in jobs gains. However, the jobless rate fell from...

GBP/USD is still on an uptrend, despite the sharp selloff that occurred recently. The pair has just bounced off the bottom of the rising channel on the 1-hour time frame as indicating potential rallies. Stochastic is moving out towards the overbought...

USD The US dollar’s movement was relatively subdued yesterday, as there were no major reports released from the US. The only data printed was the initial jobless claims report, which came in stronger than expected at 333K versus the estimate at 337K. H...

AUD/USD is testing a major support level, as seen on its daily time frame. The pair has previously bounced off the .8850 to .8900 area in the past but has formed a bearish flag right on that area. Data from China and Australia have mostly been weaker...

USD The US dollar gained ground against its major counterparts as the ADP employment report printed stronger than expected gains of 238K versus the estimate at 199K. In addition, the FOMC minutes showed that the Fed will proceed with a cautious taper...

The downtrend on USD/CHF may soon be over as the pair already closed above the falling trend line on its daily time frame. As you can see though, stochastic has reached the overbought zone, which means that buyers may be getting tired. However, the oscillator...