The U.S. will print its Q1 2013 GDP reading in today’s U.S. session and the report is slated to show 3.0% economic growth for the quarter, higher than the previous reading of 0.4%. The U.S. dollar has been reacting to fundamentals lately so a strong r...
USD The U.S. dollar lost a bit of ground to its major counterparts in yesterday’s trading as the U.S. durable goods orders data missed expectations. The headline figure showed a 5.7% drop, almost twice the estimated 2.9% decrease, while the c...
On its 1-hour time frame, GBP/USD is testing the falling trend line connecting its recent highs from the second week of April. On top of that, the pair is also stalling around the 1.5300 major psychological level. Perhaps the release of the U.K. GDP...
USD The U.S. dollar reigned supreme against most of its counterparts, particularly the euro and the Australian dollar, as risk aversion stayed in the markets in yesterday’s t...
EUR/USD is currently testing the 1.3000 major psychological area, as the path of least resistance is downwards. After all, fundamentals in the euro zone remain very weak as the region grapples with several financial and economic challenges. Today’s r...
The recent risk-off market environment has pushed AUD/USD down from the top of the long-term range around 1.0600 towards the bottom. Another test of the 1.0200 major psychological level could be in the cards for this week. This level could hold...
USD The U.S. dollar seems to be benefitting from the risk rallies these days as most major economies have been showing signs of a slowdown. For now, it appears that weak U.S. data is still positive for the U.S. dollar as the risk off environment...
A potential reversal is looming on GBP/USD as the pair formed a complex head and shoulders pattern on the 4-hour time frame. The pair is currently testing the neckline around the 1.5250 minor psychological support level. Take note that this area...
USD The U.S. dollar regained ground against most of its counterparts on Monday even though they printed weak economic data. The Empire State manufacturing index fell from 9.2 to 3.1 this month, worse than the estimated 7.2 reading, while the TIC...
