GBPUSD enjoyed additional volatility recently but is still trading safely inside its ascending channel on the 1-hour time frame. Price just bounce off support and could be due for another test of resistance. The 100 SMA is also above the longer-term...
USD The dollar was barely able to benefit from risk-off flows as concerns about the Trump administration remained in the spotlight. The US Justice Department ordered an official investigation on the alleged information leak to Russia so market watchers...
GBPUSD has been trending higher recently, moving inside an ascending channel visible on its 1-hour and 4-hour charts. Price just bounced off support and could be due for a test of resistance from here. The 100 SMA is above the longer-term 200 SMA on...
USD The US dollar gave up some ground to its peers as equity indices and bond yields slid lower on national security issues with the Trump administration. Economic data has been mixed, with building permits and housing starts falling short of estimates...
EURJPY is still trending higher and has recently broken past the resistance at the 124.50 minor psychological level. Price zoomed up close to the 126.00 resistance from there but could be due for a pullback before posting more gains. Applying the Fibonacci...
USD The dollar was slightly weaker for the day after the Empire State manufacturing index slid from 5.2 to -1.0 instead of improving to 7.2. Underlying data showed declines in new orders and shipments, casting some doubt on June rate hike forecasts....
NZDUSD has been gaining ground recently but could be due to resume its drop as it approaches the channel resistance. Price has been trading inside a shallow descending channel with the top around the .6930 level. If this keeps gains in check, the pair...
USD The dollar gave back some of its gains earlier in the week when Friday's set of reports turned out disappointing. Headline CPI came in at 0.2% versus 0.3% while core CPI printed a meager 0.1% uptick. Headline retail sales increased 0.4% versus...
AUDUSD has been trending lower recently and is now moving inside a descending channel on its 4-hour chart. Price just bounced off support and is looking to pull back to the resistance at the .7450 minor psychological level. This is in line with...
USD The dollar chalked up a few wins earlier in the day but gave these back in the US session even with upbeat reports. Headline PPI ticked 0.5% higher while the core version of the report indicated a 0.45 gain versus the projected 0.2% uptick. For...
