USD The US dollar initially had a strong positive reaction to upbeat NFP results, as the headline figure posted a gain of 313K versus the consensus at 205K. The earlier figure also enjoyed an upgrade from 200K to 239K while the unemployment rate...
AUDUSD is trending lower on its 4-hour time frame and is testing the top of the descending channel. If this holds as resistance, price could fall back to support at the bottom of the channel around the .7650 minor psychological support. The 100 SMA is...
USD The US dollar gained some ground to most of peers when Trump tempered his tough talk on tariffs, easing fears of a trade war. The focus shifts back to economic data today with the NFP report due. The US could report a 205K increase in hiring for...
USDCAD is trending higher on its 4-hour time frame and is trading above an ascending trend line. Price looks ready for a pullback and applying the Fib tool on the latest swing low and high shows that the 38.2% level is closest to the trend line...
USD The dollar recovered slightly from its earlier selloff when the Trump administration sounded open to exempt Canada and Mexico from higher tariffs on steel and aluminum on account of national security. Data was mostly upbeat, with the ADP non-farm...
USDCAD formed a double top reversal pattern on its 1-hour time frame, signaling that the rally could be over. Price has yet to break below the neckline at 1.2865 to confirm the potential selloff. The chart pattern is approximately 140 pips tall so the...
USD The US dollar had relatively quiet time for the most part of the US session as officials sought to calm fears of a trade war. However, the selling resumed when economic adviser Gary Cohn announced his resignation, which would likely leave stronger...
Cable is trending lower inside a descending channel on its 1-hour time frame and looks prime for a pullback. Price is currently testing the 50% retracement level at the 1.3900 major psychological level and could head back down to the swing low...
USD The US dollar regained some ground to its peers but caved to the Aussie and Kiwi when risk appetite returned in the US session. Economic data was better than expected as the ISM non-manufacturing PMI fell from 59.9 to 59.5 versus the estimated...
EURAUD recently broke past the 1.5800 major psychological mark to signal that more gains are in the cards. However, price is stalling around 1.5925 and might be due for a pullback to the broken resistance. Applying the Fib tool on the latest swing low...
