AUD/USD appears to be forming a smaller range on its 1-hour time frame. The pair is on its way to test resistance at the .9300 major psychological level while stochastic is giving the overbought signal. There are no reports due from Australia or the...
USD The US dollar regained its strength in yesterday’s trading as a combination of risk aversion and strong US new home sales boosted the safe-haven currency. The actual new home sales figure showed a 497K reading, higher than the estimated 482K figure. H...
AUD/USD suffered a heavy selloff in yesterday’s trading, as the .9300 handle held as strong resistance and pushed the pair to the middle of its range. Weak Chinese PMI was the culprit for the selloff, as the HSBC figure printed a deeper contraction f...
USD Dollar weakness was still evident in yesterday’s trading, as EUR/USD broke higher while the commodity currencies extended their wins against the Greenback. Only the Richmond manufacturing index was released from the US and it showed a disappointing -...
Two of the largest economies in the euro zone, namely Germany and France, will be printing their manufacturing and services PMIs in today’s UK session. Small improvements are expected, although most of the figures are likely to stay below the 5...
USD The US dollar was off to a weak start for the week, as the existing home sales report turned out to be a disappointment. The actual report posted a 5.08 million figure instead of the estimated 5.27 million reading. This was also lower than...
USD/CAD has been selling off aggressively but the pair could take a break from its recent dives, as it approaches the 1.0300 major psychological level. This is in line with a former resistance level and area of interest, as well as the rising trend line...
USD The US dollar lost ground to most of its major counterparts on Friday, as EUR/USD broke out from its consolidation and reached the 1.3150 area. There were no reports released from the US then, as the selloff was possibly a result of...
EUR/USD is still stuck in consolidation for now, with an ascending triangle pattern forming on its 1-hour time frame. An upside breakout could signal that the pair is headed all the way up to the previous high around 1.3400 while a downside break...
USD The dollar regained ground when the US printed better than expected Philly Fed manufacturing data, with the index climbing from 12.5 to 19.8 instead of dipping to the consensus of 8.5. This goes to show that the Fed is still on track to taper...
