USD The U.S. dollar retreated against most of its major counterparts in yesterday’s New York session, as weak economic figures put a cap on its recent rallies.  The Empire State manufacturing index turned out to be a huge disappointment as it p...

USD/JPY seems to have stalled right below the 103.00 major psychological resistance level as the pair retreated upon reaching a high of 102.78. There could be a chance to hop in the overall uptrend as the pair is currently finding support at the Fibonacci...

USD   The U.S. dollar continued to advance against its major currency counterparts in yesterday’s trading session as the upbeat monetary policy expectations from the Fed provide support for the Greenback.  Today’s set of economic data cou...

Following a successful break of the double top neckline on the daily time frame, EUR/USD appears poised to test the neckline of the larger head and shoulders formation, which can be seen on both the weekly and daily charts. Euro zone GDP figures are...

USD Dollar strength is still in vogue today as the latest U.S. retail sales release somewhat came in line with consensus The headline figure showed a 0.1% increase instead of the estimated 0.3% drop while the core version of the report printed a 0.1%...

NZD/USD suffered a sharp selloff last week when RBNZ head Graeme Wheeler admitted intervening in the forex market.  This was followed by the Fed’s release of their plans to exit monetary policy easing by gradually reducing their bond purchases, t...

USD The US dollar got a strong boost from the Fed’s announcement of their concrete plans to exit their open-ended asset purchase program.  Although an actual date hasn’t been specified, the fact that the Fed is considering tightening monetary pol...

GBP/USD had a strong selloff towards the end of the previous week when the U.S.  Federal Reserve talked about their concrete plans to exit from their ongoing open-ended asset purchase program. However, the pair has found support at the bottom of...

USD The U.S. dollar gained a lot of ground against its major counterparts in yesterday’s trading, despite the lack of top-tier data from most major economies. EUR/USD is back to testing the 1.3000 major psychological support while USD/JPY finally b...

After several failed attempts in the past few months, AUD/USD finally made a convincing break below the 1.0200 major psychological level in yesterday’s trading. The recent RBA interest rate cut may have been one of the major factors driving the selloff, a...