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...
USD The US dollar had a tough time in the markets yesterday as there were no top-tier US data to draw support from. The dollar gave up some of its gains to the euro, pound, and yen but managed to end the day stronger against most of the commodity currencies. ...
GBP/USD has been making significant breaks above psychological handles recently, confirming that the pair has strong bullish momentum. However, there have been a few pullbacks, eventually creating a short-term rising trend line on its 1-hour time frame....
USD The dollar refused to back down against the pound and the euro in yesterday’s trading, although it lost some ground to the comdolls as risk appetite bounced back in the Asian trading session. Data from the US was better than expected, as t...
EUR/USD is still in its uptrend for now, although the pair was pushed down to test the channel support on the ascending trend line on the 1-hour time frame. A bounce from this area could take the pair to its previous highs around 1.3600 or perhaps to...
USD The dollar pairs were relatively quiet on Black Friday as there was a lack of liquidity in the forex market back then. Over the weekend, some currency pairs gapped up as it appeared that traders have a stronger risk appetite, particularly...
