USD After a bit of a selloff in the earlier trading sessions, the Greenback regained ground in the New York session when the US economy printed a better than expected ISM non-manufacturing PMI report.  The index climbed from 54.4 to 55.4 in October...

GBP/USD bounced off the established support level around 1.5950 in yesterday’s trading, as the UK printed a better than expected services PMI figure. The pair was also able to break above the 1.6000 major psychological level then consolidate at 1.6050. ...

USD The US dollar was off to a slow start on Monday and was unable to sustain its rallies from the previous week.  Data from the US was a bit weak, as the September factory orders report printed a lower than expected 1.7% increase while the August...

USD/CHF’s rallies might soon be over, as the pair is approaching a potential resistance level. The .9200 major psychological mark has acted as support in the past and is around the Fibonacci retracement levels on the daily time frame, which means that i...

USD The US dollar was able to get a boost from stronger than expected ISM manufacturing PMI for October, as the reading climbed from 56.2 to 56.4 instead of dipping to the consensus at 55.3.  There are no reports due from the US today, as sentiment...

EUR/JPY suffered a heavy selloff starting Thursday last week when ECB officials hinted that a rate cut is in the cards. EUR/JPY dropped from the 135.50 area by close to 300 pips before making a quick bounce at the start of this trading week. Sentiment...

USD The US dollar had a mixed trading day, as it gained ground against the euro and franc but gave up some gains to the Canadian dollar and Japanese yen.  Against the Kiwi and pound, the Greenback struggled to consolidate. Data from the US was...

GBP/USD is approaching the bottom of its range on the 1-hour time frame, and it just might reach that support level depending on the UK manufacturing PMI release. The report is projected to post a small decline, reflecting a slight downturn in the industry....

USD The US dollar staged a surprise rally after the FOMC interest rate decision, as Chairman Bernanke sounded less dovish with his economic assessment and outlook.  In fact, the Fed head made no mention of any delays in the taper because of the...

GBP/USD’s recent rallies seem to be over as the pair ranged between the 1.6200 handle and the 1.6000 area in the past few weeks. In fact, a reversal chart pattern can be seen on the daily time frame, as the pair made a double top formation. The pair i...