USD The US dollar failed to establish a clear direction in recent trading as it initially rallied on upbeat data but soon gave up its intraday gains. The Philly Fed index, initial jobless claims, and housing starts figures came in better than...
USDJPY continues to trend lower on its 1-hour time frame, moving inside a descending channel connecting the latest highs and lows. Price is currently bouncing off the channel resistance at the 115.50 minor psychological level and could be due for...
USD The US dollar made a strong comeback in the forex arena, buoyed by upbeat data and hawkish remarks from Fed head Yellen. CPI and industrial production reports came in line with consensus while Yellen praised the economy for moving closer to...
GBPJPY has been trending lower since breaking below the head and shoulders neckline recently. Price has reached a low of 136.40 before pulling up and showing signs of a correction. Applying the Fib tool on the latest swing high and low shows that...
USD The dollar weakened to most of its counterparts as Fed rhetoric, weak data, and Trump jitters were in play. The Empire State manufacturing index fell from 9.0 to 6.5, lower than the 8.1 consensus, while FOMC member Dudley cast doubts on the Fed's...
GBPUSD made a strong bounce after PM May's Brexit speech in the latest London trading session, allowing price to recover off the 1.2000 lows and create a reversal formation. A double bottom can be seen on the 4-hour chart with the neckline at 1.2700. ...
USD Most dollar pairs were trading sideways as US traders were off on the Martin Luther King Day holiday. Traders are set to return to their desks today but only the Empire State manufacturing index is up for release, along with a speech by FOMC member...
EURJPY has been trending lower on its daily time frame, moving inside a descending channel formation and currently testing the resistance. Applying the Fib tool on the latest swing high and low also shows that the channel resistance lines up with...
USD The US dollar was off to a strong start this week on risk-off vibes in the markets. Traders seem to be shrugging off the impact of Trump's first press conference but are still wary ahead of the inauguration later this week. US reports were mixed,...
EURUSD continues to tread higher, moving inside an ascending channel visible on its 1-hour time frame. Price is just testing the resistance and could be due for a pullback to support before heading further north. The 100 SMA is above the longer-term...
