USD The US dollar bounced back from its FOMC tumble when some medium-tier reports beat expectations. Headline durable goods orders jumped 6.5% versus the projected 3.5% increase while core durable goods was slightly weaker at 0.2% versus 0.4%....
AUDNZD recently broke past the resistance at the 1.0550 minor psychological level then zoomed up to the 1.0800 levels before pulling back. Applying the Fib tool on the latest swing low and high on the 4-hour time frame shows that the 61.8% level lines...
USD The US dollar advanced on positive expectations for the FOMC but soon gave up its gains and more when the statement disappointed. Instead of giving more details on their balance sheet reinvestment, the Fed simply said that the runoff would...
USDCAD continues to trend lower and is moving inside a descending channel visible on the 1-hour time frame. Price is currently testing support and could be due for a pullback to the resistance once more. Stochastic is pulling up from the oversold...
USD The US dollar drew a strong boost from news that the Senate has voted to open the debate on healthcare reform. VP Mike Pence broke the tie and opened the floor for amendments on the current bill, reviving hope that the Trump administration...
USDJPY has formed lower highs and higher lows on its 4-hour time frame, trading inside a symmetrical triangle pattern. Price is currently testing support and could be due for a bounce back to resistance. The 100 SMA is above the longer-term 200...
USD The US dollar drew a bid in the latest New York session upon seeing slightly stronger than expected flash PMI readings. The flash manufacturing PMI is up from 52.0 to 53.2, higher than the forecast at 52.3, while the services PMI held steady...
EURUSD has been trending higher after breaking past a long-term resistance level last week. Price is trading inside an ascending channel visible on its 1-hour time frame and is currently bouncing off the resistance. This could spur a correction...
USD The US dollar remains in a weak spot leading up to this week's FOMC statement. No actual rate changes are expected but traders are expecting a less upbeat outlook and some more details on when the balance sheet runoff might start. There were...
USDCAD keeps trending lower and is moving inside a descending channel pattern on its 1-hour time frame. Price is currently testing support near the 1.2550 minor psychological level and could be due for a bounce back to the resistance near 1.2600. ...
