USD The US dollar was able to end the year strong when risk aversion and falling commodity prices weighed on higher-yielding currencies. Apart from that, the upgrade in US GDP was more than enough to sustain the Greenback’s rallies as traders c...
GBPJPY has formed a double top pattern on its 4-hour forex chart, indicating that a potential selloff is in the cards. The previous uptrend could soon be reversed if price breaks below the neckline of the pattern around the 180.50 minor psychological...
USD The US dollar returned some of its recent post-FOMC gains to its forex counterparts, as data from the economy came in mixed. Initial jobless claims was better than expected at 289K versus the projected 297K reading, but the Philly Fed...
USDCAD has been on a short-term uptrend, as shown by the ascending trend line connecting the pair’s recent lows. Price looks ready to make a test of the trend line for now and may bounce off support, as this lines up with the 38.2% Fibonacci r...
USD The US dollar got a strong boost from the FOMC statement yesterday, even as the Fed retained its “considerable time” phrase in talking about how long interest rates are likely to remain low. However, Fed head Yellen did point out that the...
EURGBP has been moving inside a symmetrical triangle chart pattern since mid-August, as price made higher lows and lower highs. This suggests indecision between buyers and sellers, with a potential breakout in either direction looming. Price has...
USD The US dollar lost ground to most of its FX trading counterparts once more, although it managed to hold steady against the commodity currencies. Risk aversion seems to be in play, yet traders are keen to reduce their dollar holdings ahead...
GBPUSD has been stuck in a range on its 1-hour time frame, as the pair found support at the 1.5600 major psychological level and resistance at the 1.5750 minor psychological mark. Price recently bounced off the bottom of the range and is currently...
USD The US dollar had a mixed performance recently as it acted more as a counter currency to its forex rivals. Data from the US came in mixed, with stronger than expected capacity utilization and industrial production figures and weaker than expected...
EURUSD is consolidating inside a symmetrical triangle pattern ahead of the top-tier events from both the euro zone and the US this week. For today, German and French manufacturing and services PMIs are lined up and these might provide volatility for...
