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...
AUD/USD suffered a quick selloff during today’s early Asian session when Australia printed weaker than expected jobs data. The actual report showed a 36.1K drop in hiring, worse than the estimated 6.1K decrease, bringing the jobless rate up from 5...
USD The U.S. dollar continued to suffer losses against most of its major counterparts, except for the Japanese yen, as the weak March NFP figure dashed hopes of earlier than expected monetary policy tightening from the Federal Reserve. There were...
AUD/USD seems to have breached the 1.0500 major psychological level already and appears poised to test the next resistance at 1.0600. Take note that this is in line with the top of the long-term range visible on the 4-hour or daily time frames....
USD There were no major reports released from the U.S. yesterday, allowing the Greenback to recover from some of its recent losses. There are no reports due from the U.S. once more, which suggests possible quiet trading for the New York session....
