NZD/USD has been trending higher on its 1-hour time frame, thanks to rate hike speculations confirmed by the recent RBNZ meeting. The pair is currently stalling close to the .8100 handle, which might be a good entry point for a long trade if the...
USD The US Dollar extended its losing streak yesterday, as there were no reports for the currency to draw support from. At the same time, the risk rallies aren’t doing so good for the safe-haven dollar. Only the initial jobless claims release i...
RBNZ Governor Graeme Wheeler also adopted forward guidance in his latest rate decision in saying that the central bank is looking to increase interest rates by next year. According to him, the recovery in the housing sector and the rise in commodity prices...
USD A fresh wave of risk appetite hit the markets and the U.S. dollar in yesterday’s trading. This caused a selloff for the safe-haven currency, as Obama announced that the U.S. Congress has postponed its vote on the military attack in Syria. ...
GBP/USD is still on an uptrend on the 1-hour time frame but it is currently stalling around the middle of the rising channel, suggesting that bulls are having trouble sustaining momentum. Today’s UK claimant count change report could determine the direction o...
USD The dollar started Monday off on a weak note, as it continued to selloff after Friday’s NFP fiasco. The weak jobs report prompted traders to worry if the September will push through, leading to an unwinding of some dollar long positions. C...
The euro’s rallies against the dollar might soon be coming to an end, as reversal candlesticks on the 4-hour time frame are hinting at an exhaustion. At the same time, stochastic has already reached the overbought zone, suggesting that bears could take o...
USD The dollar gave back some of its recent gains on Friday, when the NFP release printed a weak figure. The actual result showed a mere 162K increase in hiring instead of the estimated 178K rise. On top of that, the previous month’s figure w...
EUR/GBP has sold off strongly in the past few weeks, bringing it down from the .8750 area to the .8400 handle. The 4-hour chart reveals that there’s strong support in this region though. At the same time, stochastic is in the oversold area, suggesting t...
USD The US dollar extended its rally against its major counterparts, as the US ISM non-manufacturing PMI turned out better than expected. The actual figure climbed from 56.0 to 58.6 instead of falling to the estimate at 55.2. The ADP non-farm...
