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...

USD The US dollar was able to advance against its major counterparts in yesterday’s trading as risk aversion kept the lower-yielding currency afloat. Data from the US was mostly weaker than expected, as the headline retail sales figure showed a 0.1% d...

Risk aversion has been keeping the franc’s gains at bay, as USD/CHF recently bounced off the .8900 major psychological support. Perhaps franc bulls are waiting for more buying momentum before pushing this pair lower. With that, the pair could still p...

USD The US dollar made a feeble recovery against its major counterparts on Monday, as the safe-haven currency gained against the British pound and the Swiss franc.  It also extended its gains against the commodity currencies as risk remained off...

On its 4-hour time frame, AUD/USD’s highs and lows can be connected to form an ascending channel. This shows that the pair’s uptrend is still intact, provided that the bottom of the channel holds as support for now. Stochastic is already in deep in ...

USD The US dollar had a mixed performance against its major currency counterparts, as it consolidated against the euro and yen but gained ground against the commodity currencies.  Risk was still off on Friday but the dollar was sold off because...