AUD/USD’s rally might soon be over as the pair is finding resistance at the top of the falling channel on the 1-hour time frame. Stochastic just crossed down from the overbought region and is pointing down, suggesting heavy selling pressure up ahead. ...

USD The US dollar lost its legs in yesterday’s trading as it was weighed down by weaker than expected US retail sales.  The headline figure posted a mere 0.4% uptick while the core version of the report showed a flat reading. This was lower t...

GBP/USD is making a tight consolidation pattern on its shorter-term time frames (1-hour and 15-minute charts), as traders await the release of the UK CPI data. Annual inflation is expected to reach 3.0% in June, after climbing from 2.4% to 2.7% in May....

USD   The US dollar had a mixed performance in yesterday’s trading as it lost ground to the euro and pound, but managed to score gains against the Australian dollar and New Zealand dollar.  . There were no major reports released from the U...

The disappointing FOMC meeting minutes triggered a sharp selloff for USD/CAD, pushing it below the 1.0500 handle and down to the 1.0350 area.  Stochastic is already in the oversold region, suggesting that a potential bounce could take place soon....

USD   The US dollar was sold off heavily in yesterday’s US session, as the minutes of the FOMC meeting showed that there was a lot of dissent surrounding the proposed stimulus taper schedule.  Not all policymakers agree that the central b...

USD/JPY suffered heavy selling pressure in yesterday’s trading when the FOMC meeting minutes revealed that not all Fed officials are in agreement with Bernanke’s tapering schedule.  The minutes showed that some policymakers are still waiting to ...

USD   Once again, the US dollar proved its strength against the euro and the pound. EUR/USD dipped to fresh lows around the 1.2775 area while GBP/USD fell below the 1.4900 handle. There were no major reports released from the US yesterday, as...

USD/CAD is trending higher on its 1-hour time frame after it found support around the 1.0500 area.  The Loonie is currently being supported by the rise in oil prices, which was spurred by the conflict in Egypt, but this could change once the FOMC...

USD The US dollar lost ground to most of its major counterparts in yesterday’s trading, as traders took profits off their positions from last week.  . EUR/USD rebounded off the 1.2800 area while USD/JPY dipped below the 101.00 mark. There were n...