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...

AUD/USD had a sharp selloff since Thursday last week as weak Chinese data and weak Australian data have been weighing the pair down. The recent release of the weaker than expected Chinese GDP, which came short at 7.7% instead of 8.0%, and the tumble...

USD   As expected, the U.S. retail sales data printed bleak figures and triggered a dollar selloff.  The headline figure showed a 0.4% decline instead of the flat reading expected while the core figure also printed a 0.4% drop, worse than...

EUR/USD has been having a difficult time breaking past the 1.3100 major psychological resistance level.  After all, this area has served as support and resistance in the past as plenty of buyers and sellers are keeping a close watch on this level....

USD   The U.S. dollar could be in for another sharp selloff during today’s U.S. session as the retail sales report is set for release.  Remember that the jobs data for March came in significantly weaker than expected at 88K versus the projected 1...

USD/JPY has been stalling around the 99.50 minor psychological area for the past few days already, suggesting that yen bears may be running out of steam. After all, the pair has climbed by more than 600 pips over the past two trading weeks, which means...

USD The U.S. dollar had quite a topsy-turvy ride at the start of the U.S. session when the FOMC meeting minutes were suddenly released early.  However, price action soon settled down when the minutes revealed nothing special in particular. Fed...