Thanks to weaker than expected U.S. jobs data, GBP/USD breached the 1.5250 minor psychological resistance on Friday and climbed all the way up to the 1.5350 mark.  However, price action on Monday reveals that the rally ran out of steam as the pair...

USD The U.S. economy showed weaker than expected jobs growth for March as the NFP report printed an 88K figure instead of the projected 198K increase.  The previous figure was revised up from 236K to 268K while the jobless rate ticked down from...

The disappointing March NFP from the U.S. triggered a sharp selloff for USD/CHF, taking the pair below the .9400 significant support level and bottom of the previous range.  It seems that a retest of the support-turned-resistance level could be...

USD                        The U.S. dollar rallied against most of its counterparts during the Asian session and first few hours of the London session as the strong USD/JPY rally affected other...

On its 4-hour time frame, AUD/USD has formed a double top formation as it failed to break past the 1.0500 major psychological resistance over the past few weeks.  The neckline of the pattern is at the 1.0400 major psychological support, which could...

USD The U.S. dollar suffered another selloff during yesterday’s trading as the economy printed a couple of weaker than expected data. The ADP non-farm employment change, which can be considered as a preview of the NFP release, came in below the expected 2...

After making a strong selloff from the 1.5250 minor psychological resistance and previous week highs, GBP/USD found support around the 1.5100 major psychological level.  The pair appears to be retracing, thanks to the recent disappointments in U.S....

USD A couple of top-tier data are due from the US today. These are the ADP non-farm employment change and the ISM non-manufacturing PMI. The ADP report could show a slight improvement from 198K to 203K for March, reflecting a slight increase in hiring....

The recently released manufacturing PMI for the United Kingdom sparked a massive selloff for the pound as the actual figure missed expectations.  Take note that the BOE is currently watching business surveys very closely before they make their interest...

Thanks to its recent rallies for the first few trading sessions this week, EUR/USD was able to pull up to the former support level around the 1.2850 minor psychological handle.  This is closely in line with the 38.2% Fibonacci retracement level...