USD The US dollar was a big loser in yesterday’s trading, as risk appetite seemed to benefit most other major currencies. There were no major reports released from the US economy then, as traders took the opportunity to book profits at key support a...
GBP/JPY might be on its way to resume its climb, now that price has made higher lows while stochastic drew lower lows. The support at the pair’s previous week highs around 169.00 seems to be holding well. However, a deeper retracement could still be i...
USD The US dollar had a mixed trading day, as it lost ground to the pound and the euro but strengthened against the commodity currencies and the Japanese yen. Remarks from Fed officials were also mixed since Bullard hinted at a small taper because of...
EUR/CHF has been selling off very aggressively but the pair might be due for a strong bounce soon, as it is currently testing a long-term bottom around the 1.2200 major psychological level. Take note that this is 200 pips away from the SNB’s floor, w...
USD The US dollar had a topsy-turvy Friday during the NFP release as the actual figure came in better than expected at 203K, beating the consensus at 180K and pushing the jobless rate down to 7.0%. Consumer sentiment also came in much better than expected...
GBP/USD has failed to breach the 1.6400 major psychological level last week, as strong US data kept the Greenback afloat. However, UK fundamentals are also very strong, which suggests that GBP/USD might simply need to pull back first before resuming its...
USD The dollar got a boost from a stronger than expected GDP reading for Q3 2013, as it was revised up from an initial estimate of 2.8% to 3.6%, higher than the projected 3.0% growth figure. Aside from that, the initial jobless claims report printed...
AUD/USD has broken down to new lows yet again, dipping below the .9050 minor psychological support thanks to stronger than expected U.S. GDP data. This was enough to revive taper expectations for the FOMC meeting in December, but this could depend on...
USD The US dollar pocketed decent gains against most of its counterparts in yesterday’s trading, as data came in mostly better than expected. The ADP report showed a 215K rise in private payrolls, spelling good prospects for Friday’s NFP release and...
NZD/USD has been trending lower in the near term, as seen on the 1-hour and 4-hour time frames. To be specific, a falling channel is starting to form on the 4-hour chart, as the pair is getting ready to test the trend resistance. Stochastic is moving...
