USD/CHF has been trending lower in the past few days but it seems to be having difficulty sustaining its decline past the .9100 major psychological support level. With that, a pullback might be in the works, possibly until the falling trend line...
USD The US dollar had a mixed performance yesterday as traders are trying to reestablish their biases on the US economy. On the one hand, the Fed has refrained from tapering while some FOMC officials like Dudley reiterated that the economy...
AUD/USD seems to be having trouble sustaining its rallies, as a major correction might take place instead. The pair found resistance at .9500 and may pull back to an area of interest before resuming its rally. The .9200 major psychological support is...
USD Just when it seemed the US dollar was in for another round of losses, FOMC member Bullard gave a testimony and started talking about the possibility of tapering in October. This was enough to get dollar bulls riled up in anticipation...
USD/CHF is in a solid downtrend these days, as a falling trend line can be formed when connecting the highs of the price. The pair has broken below several key support levels but might be in for a pullback today. There are no reports due from Switzerland,...
USD The dollar was sold off sharply after the FOMC statement but it was quick to recover some of its recent losses while holding steady against other major counterparts. Economic data from the US was better than expected, with both Philly...
USD/CAD had a sharp drop followed by a quick retracement yesterday, as the FOMC statement against tapering triggered overall dollar weakness. The pair is currently finding resistance at the 61.8% Fib on the 1-hour time frame. Stochastic has already reached...
USD The dollar suffered heavy selling in yesterday’s NY session, as the Fed decided against tapering asset purchases this month. The policymakers agreed that the recovery isn’t stable yet and that the growth outlook has weakened. Bernanke did...
GBP/USD staged a strong rally yesterday, thanks to the upbeat BOE minutes and the Fed’s decision against tapering. This was enough to push GBP/USD past the upward channels on the 1-hour and 4-hour time frames. Right now, a bullish pennant consolidation p...
USD The US dollar edged lower against its counterparts but seems to be consolidating for today’s Asian session, as traders are awaiting the FOMC statement. The Fed is expected to taper bond purchases by $10 billion, possibly as a combination o...
