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...
USD The US dollar dollar drew some support in the New York session as US President Trump said that he sees the currency getting stronger and stronger. He also said that Treasury Secretary Mnuchin's remarks on a weaker dollar being good for trade as...
USDCAD recently broke to the downside of its symmetrical triangle formation and fell to a low of 1.2240. Price has bounced since then and appears to be making a correction to the broken support around 1.2420. Applying the Fib retracement tool on the...
USD The dollar suffered yet another selloff after Treasury Secretary Mnuchin remarked in the Davos summit that a weaker dollar is good for trade. US data such as services PMI and existing home sales also turned out mostly weaker than expected, keeping...
This pair has been trending higher, moving above an ascending trend line on the 1-hour time frame and just bouncing off support. A rally could take it up to the latest highs near .7425 and beyond. The 100 SMA is above the longer-term 200 SMA to confirm...
USD The US dollar was the weakest currency for yet another day as risk-taking and weak data dragged it down. Safe-haven flows also moved to the Japanese yen and Swiss franc instead. The Richmond manufacturing index slumped from 20 to 14 versus the consensus...
USDCAD has been treading mostly sideways in the past few days and is consolidating inside a bearish flag formation visible on the daily time frame. Price is currently testing the triangle support and a breakdown could send it to the lows around 1.2100....
