Thanks to the dovish BOE rate statement, GBP/USD suffered a sharp selloff last week. The pair plummeted more than 400 pips, as it fell from the 1.5300 handle to below 1.4900 towards the end of the week. This sudden drop could mean that a large correction...
USD Better than expected jobs data boosted the dollar against its counterparts on Friday, as the NFP figure came in at 195K. This was higher than the estimated 163K reading while the previous month’s figure saw an upward revision to 195K. However, t...
The Loonie has been edging lower against the U.S. dollar gradually, as the pair has formed a shallow rising channel on its 1-hour time frame. The pair is currently testing the top of the channel, with stochastic pointing down and suggesting that...
USD The US dollar was one of the strongest performing currencies in yesterday’s trading as it posted huge gains against the pound and euro. US traders were off on a holiday celebrating the Fourth of July, which explains why there were no economic r...
The NZD/USD range on its 1-hour time frame is still intact, as the pair just made a test of resistance this time around. The pair has been moving between the .7700 area as support and resistance around .7830. The pair jumped to the top of the range but...
USD The US dollar lost to most of its major counterparts in yesterday’s trading, as some traders booked profits ahead of the Fourth of July holiday in the United States. EUR/USD rebounded back to the 1.3000 major psychological level while USD/JPY s...
AUD/USD has been undergoing heavy selling pressure, but it appears the pair has found support around the .9100 area. It could pull up for a quick retracement before the selloff resumes. Using the Fibonacci retracement tool on the 1-hour time frame shows...
USD The US dollar made a stellar recovery against its major counterparts in yesterday’s trading, pushing EUR/USD below the 1.3000 handle and USD/JPY above the 100.00 mark. There were no major reports released from the US yesterday, as risk aversion w...
NZD/USD has been moving sideways on its 1-hour time frame, as the pair found support around the .7720 level and resistance near .7830. The pair is currently moving closer to the bottom of the range and getting ready to test the support level. There...
USD The dollar was off to a good start for the week, as risk aversion remained in the markets for most of the Asian session. However, the U.S. ISM manufacturing PMI failed to impress market participants as it clocked in at 50.9. This was only slightly...
