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...

The uptrend for Cable is still going on the 1-hour time frame, as the pair is trading inside a channel with higher lows and higher highs. The pair is currently sitting around the middle of the channel, picking a direction to go. In addition, a symmetrical...

USD   The US dollar experienced a lot of volatility during the US session, as Ben Bernanke’s speech had a confusing impact on dollar pairs. At first, the transcript of his speech was interpreted by some market watchers to say that the Fed’s sti...

USD/CAD seems ready to bounce back from its recent selloffs, as the pair formed a reversal pattern on its 1-hour time frame. Recall that USD/CAD is already finding support at a retracement level and former resistance around 1.0375. The pair made a couple...

USD   The US dollar had a mixed performance yesterday, as it lost ground to some counterparts but managed to advance against others. US CPI was mostly in line with expectations, as the core figure printed the estimated 0.2% uptick while the headline...