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....
USD The US dollar caught a bid on reports that Congress passed another temporary funding measure to reopen the government. However, the lower-yielding currency barely held on to its gains as risk appetite took over. Only the Richmond manufacturing index...
Cable has been climbing steadily and is testing the top of its ascending channel visible on the daily chart. This could provide a countertrend opportunity for a pullback to the channel support or at least until the mid-channel area of interest. The 100...
USD The dollar is on weaker footing owing to the US government shutdown, which threatens to drag equities and bonds while it lasts. There are no major reports lined up for today and futures are pointing to a weak open for US markets as the dollar has...
EURUSD continues to advance and positive updates from Germany's coalition talks over the weekend could sustain the climb. However, price is hitting a roadblock at its short-term channel resistance and might need a correction before heading further north....
USD The dollar lost ground to its peers once more as the threat of a government shutdown weighed on investor sentiment. Data also turned out mostly weaker than expected, with housing starts posing a huge drop from 1.30M to 1.19M as the weather-related...
