There isn’t much in terms of data in today’s economic schedule, but there could be an opportunity for a quick scalp trade for GBP/USD.  The UK is set to print its CBI realized sales report at 12:00 pm GMT today and possibly spark some volatility for...

USD The US dollar had a mixed performance yesterday, as it managed to extend its gains against the commodity currencies but was stuck in consolidation to the euro and the yen.  USD/JPY is stalling above the 97.00 mark, as though waiting for a larger...

For the Kiwi bulls, the recent selloff in the Kiwi might be an opportunity to catch a long trade at a better price. However, the pair has still a few hundred pips to go before reaching potential buy zones. On the daily time frame, the Fibonacci retracement...

USD The U.S. dollar was able to take a breather from its recent selloff in yesterday’s trading, as it was boosted by risk aversion during the Asian session.  Against the Japanese yen though, the U.S. dollar was still weaker as the lower-yielding y...

EUR/USD is inside another consolidation pattern on its 1-hour time frame and, based on previous price action, this could mean another upside break. Take note though that stochastic is already in the overbought region, which means that euro bulls are...

USD The US dollar lost a lot of ground thanks to the weaker than expected NFP reading of 148K for September.  This marks the third consecutive month that the jobs report has missed expectations, although the jobless rate improved from 7.3% to 7.2%....

AUD/CAD’s rallies seem to be exhausted already as the pair is in the process of testing the resistance at parity. This is in line with a former support level, which has held last year. Stochastic just reached the overbought zone but hasn’t crossed dow...

USD The US dollar was stuck in consolidation against most of its counterparts but managed to end higher against the pound and the yen.  Risk appetite was still up in yesterday’s trading but traders seemed a little more cautious as they unwound s...

NZD/USD seems to need more buying power before sustaining its recent rallies, and a quick retracement might be in the cards. The Fibonacci retracement tool on its 1-hour time frame shows that the 38.2% Fib is in line with the previous highs around the...

USD The US dollar was a sore loser on Friday as it continued to sell off against its major counterparts.  Risk appetite was still strong that day, after the US government ended its shutdown and avoided a default earlier in the week. As for data,...