EURGBP is still trending higher as it tests the top of the ascending channel resistance visible on the 4-hour time frame. Stochastic is moving up to signal that there's still some bullish pressure left but the oscillator is also closing in on the overbought...
USD The US dollar raked in some gains on risk-off flows but returned some of these when markets calmed down. Data indicated that wage pressures could remain subdued as unit labor costs posted a weaker than expected 0.6% uptick versus the projected...
NZDJPY has been trending lower on its short-term time frames after recently bouncing off a long-term ceiling. Price is forming a descending trend line and a correction is underway. Applying the Fib retracement tool on the latest swing low and high...
USD The US dollar staged a strong rally after seeing another round of upbeat medium-tier data. The JOLTS job openings figure came in at a record high of 6.16 million, signaling plenty of hiring opportunities and a likely pickup in employment in...
AUDNZD made higher highs and higher lows, moving inside an ascending channel on its 1-hour time frame. Price just bounced off the resistance and looks ready for another test of support. Using the Fib tool on the latest swing low and high shows...
USD The US dollar was off to a slow start for the week as there were no major reports released. Two Fed officials shared their thoughts on future policy moves, with both Kashkari and Bullard urging to start the balance sheet runoff soon since...
USDCHF has been trending lower on its short-term time frames, with price moving inside an ascending channel that's been holding since November last year. Price has bounced off support and is on its way to test the resistance. Applying the Fibonacci...
USD The US dollar got a boost upon seeing stronger than expected July NFP data. The economy added 209K jobs during the month versus the estimated 187K gain while the June reading enjoyed an upgrade to 231K. Average hourly earnings came in line with...
NZDJPY is currently bouncing off the long-term range resistance at the 83.00 major psychological level, possibly putting it back on track towards testing support around 73.00 or at the mid-range area of interest around 78.00. The 100 SMA is below the...
USD The US dollar had a mixed run as it reacted to currency-specific events. Traders seemed hesitant to take large positions ahead of the NFP release since leading indicators have been hinting at a slowdown in hiring. The ISM non-manufacturing...
