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...
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...
