USD U.S. traders are back in the grind today, after taking a day off in honor of Memorial Day. The U.S. will be printing its CB consumer confidence report for May and possibly show a strong rise in optimism. The reading is slated to increase from...
AUD/USD is once more sitting at a key inflection point, which has been an established support level on longer-term time frames. There is no report scheduled for release from Australia today, as this pair could be driven by U.S. data and market...
USD The dollar had a mixed trading day on Friday as it lost ground to the Japanese yen and euro but managed to pocket some gains against its other major counterparts. US durable goods orders data came in better than expected, as both headline...
After that strong rally that lasted for nearly a couple of months and more than a thousand pips, USD/JPY seems to be in the mood for a major correction. On the 4-hour time frame, the pair is pulling back to the 99.50 to 100.00 area, which acted as resistance...
USD Despite the recent wave of strong U.S. data, the dollar still lost ground to its major counterparts, particularly the yen in yesterday’s trading. Traders took profits off key support levels, such as 0.9600 on AUD/USD, which paved the way f...
The recent correction in GBP/USD is giving pound bears a chance to hop in the ongoing selloff at a better price. The pair rebounded off its recent lows and appears to be making a pullback to any of the Fibonacci retracement levels. The falling trend...
USD The U.S. dollar lost ground to most of its major counterparts as some Fed officials talked about the low likelihood that the Fed will reduce its stimulus program soon. Fed officials Bullard and Dudley seem to favor the current easing measures,...
EUR/USD seems to be rebounding from its recent lows nicely as the pair is edged back abve the 1.2900 major psychological level. It’s just a few more pips away from the 38.2% Fibonacci retracement level, which could also act as resistance should t...
USD The US dollar continued to retreat against its major counterparts, as traders booked profits from key support and resistance levels on the major currency pairs. It seems as though market participants are waiting for further clues on the US economy...
The dollar seems to have retreated from its rallies at the start of this week, as traders may have booked profits off key inflection points for the major pairs. USD/CAD, in particular, has found resistance at the 1.0300 major psychological level....
