Dollar strength is still persistent, as USD/CHF already broke above the falling trend line on its 1-hour time frame. This suggests that a new trend is about to form, but that price might pull back first before heading any higher. Using the Fibonacci...
USD The dollar had a topsy-turvy day, as the GDP report from the US came in stronger at 1.7% instead of the estimate at 1.1%. The FOMC statement, however, derailed the dollar from its rallies as it showed that policymakers were uneasy about weak...
AUD/USD has finally broken below its recent range, with resistance at .9300 and support at .9050. The pair has dipped below the .900 handle but it could still make a retest of the former support before heading any lower. Stochastic has been in the oversold...
USD The dollar bounced back to life in yesterday’s trading as it gained against most of its major counterparts. Data from the US hasn’t been exactly very strong, as the CB consumer confidence figure actually came in weaker than expected. Instead of ...
GBP/USD retreated from its recent highs during yesterday’s trading, and this may have been a result of profit-taking ahead of today’s major US events. The US Advanced GDP reading is up for release and the economy is expected to have grown by 1.1...
USD The US dollar regained ground against most of its major counterparts at the start of the week, as pending home sales printed a smaller than expected decline of 0.4%. Analysts expected a drop of 1.1%. The only major report due from the US today...
The range on AUD/USD is still holding for now, as the pair found resistance at the .9300 major psychological level earlier this week. The pair is now on its way to support around the .9050 minor psychological level. Stochastic is in the oversold region,...
USD Dollar pairs were stuck in consolidation last Friday, as there were no major reports released from the United States. The University of Michigan consumer sentiment figure was revised a bit higher, but it did very little to support the US dollar. ...
NZD/USD has enjoyed a strong rally last week, as the RBNZ interest rate statement turned out relatively hawkish. Governor Wheeler specified that the central bank might keep rates low until next year only, prompting traders to speculate that a rate hike...
USD The US dollar continued to cave under the higher-yielding currencies in yesterday’s trading, as mixed durable goods orders data led traders to believe that the U.S. recovery is unsustainable. The headline figure showed a 4.2% jump, mostly d...
