USD The dollar was in a weak spot once more and failed to draw a boost from upbeat economic data. The ISM manufacturing PMI fell from 59.7 to 59.1 to reflect a slower pace of industry growth, but the reading was better than the 58.7 consensus. However,...
USDJPY is trending lower on its 4-hour time frame, moving inside a descending channel pattern. Price is currently testing the channel resistance around 109.50 and might be due for a move back to the bottom or the swing low. The top of the...
USD The FOMC statement led to a bit of a boost for the dollar on stronger inflation expectations and the addition of the word "further" in projecting more tightening moves. Data also turned out mostly upbeat, with the ADP beating expectations for January...
AUDUSD continues to trend higher inside its ascending channel pattern on the 4-hour time frame. Price is currently testing the channel support and might be due for a bounce to the top. The 100 SMA is above the longer-term 200 SMA to confirm...
USD The US dollar rallied and reversed on profit-taking towards the end of the month and ahead of the State of the Union address and FOMC statement. No actual policy changes are expected but traders will be keeping their eyes and ears peeled for clues...
EURUSD has been trending higher over the past few weeks and is currently above a steep rising trend line on its 1-hour chart. Price is bouncing off this support zone, which lines up with the 50% Fibonacci retracement levels, and is setting its...
USD The US dollar staged a decent recovery during the New York session on revived expectations of Fed tightening. This was spurred by remarks from several central bank officials highlighting the shift to tightening mode across the globe. Economic...
USDJPY has been moving back and forth inside a range with support at the 109.00 major psychological level and resistance at 114.00. USDJPY has been moving back and forth inside a range with support at the 109.00 major psychological level and resistance...
USD The dollar regained some ground towards the end of the previous week despite weaker than expected GDP. The advance reading for Q4 2017 came in at 2.6% versus the estimated 3.0% expansion. Goods trade balance also disappointed but durable goods orders...
GBPJPY is trending higher and looks ready for a test of its ascending channel support. Applying the Fib tool on the latest swing low and high shows that the 61.8% level lines up with support at the 152.50 minor psychological level. The 100 SMA...
