USD The US dollar was able to end the day strong even though data from the U.S. economy was mixed. The headline CPI fell short of the expected 0.1% uptick and printed a flat reading but the core CPI printed a better than expected 0.2% increase instead...
On its 1-hour time frame, GBP/USD is trending lower, after forming a double top reversal pattern on its 4-hour chart earlier this week. The pair has since broken below the neckline around 1.6350, confirming the potential selloff. Comments from BOE Governor...
USD The US dollar had one of its better days against the pound and the euro, as the low-yielding currency managed to put a lid on its recent losses. Data from the US, however, came in weaker than expected. The Empire State manufacturing index did post...
AUD/USD is testing a key support level at the moment, as the .8950 level is in line with the pair’s lows for the year. Stochastic is pointing up, indicating a potential bounce but fundamental factors are hinting at further losses for the Aussie. For o...
USD The Greenback barely reacted to weaker than expected PPI data on Friday, as it managed to hold on to its latest gains to the euro and the pound. Headline PPI showed a 0.1% decline while core PPI came in line with the consensus of a 0.1% increase....
A double top pattern has formed on GBP/USD’s 4-hour time frame, indicating that the pair’s rally might soon be over. The pair seems to be testing the neckline around the 1.6300 major psychological support. The pattern is roughly 100 pips in height, whi...
USD It seems that nothing could stop the U.S. dollar from rallying yesterday when the US economy printed a better than expected retail sales report. Headline consumer spending increased by 0.7% while core retail sales showed a 0.4% increase. Not even...
NZD/JPY has been on a steady uptrend on its 1-hour time frame and might be ready to push higher, given the RBNZ’s hawkish rhetoric in their latest interest rate decision. Although the central bank kept interest rates unchanged, they did hint that they c...
USD The US dollar had a mixed performance against its major currency rivals in yesterday’s trading, as it rallied against the Australian dollar and pound but weakened against the yen, franc, and euro. There were no major economic reports released from t...
NZD/USD has been trading in a downtrend for the past few weeks but it appears that the pair is ready to break out. Earlier today, the RBNZ had its monetary policy statement and decided to keep interest rates unchanged at 2.50%. However, RBNZ Governor...
