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...

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...