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...
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...
