Market Info

USD The US dollar was dumped after the FOMC statement when their tone was less hawkish than expected.  Fed officials downgraded growth and inflation forecasts while showing median expectations of two rate hikes for the year down from four. Fed...

EURGBP has found support at the .7700 major psychological level and is making its way up to test the resistance at .7900.  If the top of the range holds, another move towards the bottom of the range might be seen.   The 100 SMA is above...

USD   The US dollar managed to post feeble gains against its counterparts despite mixed data from the US economy.  Headline retail sales fell 0.1% as expected while core retail sales showed a 0.1% dip instead of the estimated 0.2% decline....

NZDUSD has been trending higher and moving inside a rising channel pattern on its 4-hour time frame. Price is now testing the channel support at .6600 and might be due for a bounce if the trend remains intact.  Technical indicators are suggesting...

USD The US dollar regained ground against its forex peers when the drop in oil prices brought risk aversion back.  There were no reports out of the US economy then while today has the retail sales due. Headline consumer spending could fall by 0.1%...

AUDUSD has been trending higher, thanks to the pickup in risk appetite.  Price stalled upon hitting resistance near .7600 and is showing signs of a pullback, possibly to the rising trend line visible on the 4-hour chart.  Using the Fib tool...

USD The US dollar gave up ground on Friday when risk appetite returned to the financial markets.  There were no major reports out of the US then but the medium-tier import prices data showed a smaller 0.3% decline compared to the projected 0.7%...

EURGBP might be in for a reversal from its previous uptrend, as a head and shoulders pattern can be seen on its 4-hour chart.  Price has yet to test the neckline support at the .7700 handle and break lower before confirming the potential downtrend....

USD The US dollar weakened yesterday as the ECB stimulus expansion brought risk appetite back to the financial markets. Only the initial jobless claims report was released from the US then and it showed a better than expected 259K reading versus the...

EURAUD previously broke below a double top pattern, signaling that a downtrend was in order. Price dipped to the 1.4467 low soon after before showing signs of a pullback after the ECB press conference. Using the Fibonacci retracement tool on the latest...