USD The US dollar kicked its rallies back in high gear after Yellen's speech. The Fed Chairperson confirmed that a December rate hike is in the cards, citing that the economy has improved and is nearing full employment. She even cautioned that...
GBPAUD has been trending lower, moving inside a descending channel on its 4-hour chart. The recent rally has allowed price to test the channel resistance once more, possibly bringing it back down to the lows at the 1.5800 handle or until the channel...
USD The dollar had a bit of trouble extending its gains across the board as data from the US disappointed. Headline PPI was flat instead of posting the projected 0.3% gain while core PPI showed a 0.2% dip instead of the projected 0.2% uptick. Industrial...
A few days back, EURJPY broke out of its range visible on the 4-hour time frame and reached a high of 117.50. From there, price showed signs of a retracement and applying the Fib tool on the latest rally shows that the 38.2% level is close to the...
USD The dollar extended its gains across the board on stronger than expected US retail sales. The headline figure showed a 0.8% gain for October while the core reading also indicated a 0.8% increase, higher than the projected 0.6% and 0.5% gains...
USDCAD recently broke past the 1.3500 major psychological resistance and climbed close to the 1.3600 mark before pulling back. Applying the Fib tool on the latest swing low and high shows that the 50% level lines up with the broken resistance and area...
USD The US dollar continued to advance against its peers but its gains were limited, suggesting that it may have already peaked. There were no reports of out of the US economy yesterday while today has retail sales figures on deck. Headline consumer...
USDJPY has completed its correction to the broken long-term trend line extending all the way back to 1998 so the reversal could resume from here. This coincides with the 50% Fibonacci retracement level on the swing low and high on the monthly chart,...
USD The US dollar closed the week on a strong note as traders continued to focus on the silver lining to Trump's election win. Equities managed to squeeze out more gains at the end of the week and traders are now turning their attention to FOMC...
NZDUSD has been trading inside an ascending channel pattern on its daily time frame and is currently testing support at the .7100 major psychological level. A bounce off this channel bottom could lead to a move back to the top or until the recent...
