USD The US dollar gave up ground to its forex counterparts on Friday when the US non-farm payrolls figure missed expectations. Hiring picked up by 214K when analysts were expecting to see a 235K gain, although the jobless rate improved from 5.9%...
GBPUSD has been steadily moving lower, as a descending trend line can be drawn to connect the recent highs of price action. At the same time, stochastic is indicating overbought conditions, suggesting that sellers could take control of price action...
USD Dollar traders are gearing up for the release of the October NFP report in today’s US trading session, which could show a slightly slower pace of jobs gains. However, leading indicators of employment such as the ADP non-farm employment change a...
GBPAUD recently made a strong upside break past resistance at the 1.8400 major psychological level and may be due for a retracement. The Fib levels based on the latest swing low and high on the 1-hour chart show that the 50%-38.2% area lines up...
USD The US dollar advanced to the pound and most of its major counterparts in recent trading, as data from the US came in mixed. The ADP non-farm employment change figure saw a 230K gain versus the estimated 214K increase while the previous month’s r...
GBPUSD has recently broken below a significant support level, a sign that further losses could be in the cards. After dipping close to the 1.5850 minor psychological support, price has pulled up for a retest of the area of interest. The broken...
USD The US dollar returned some of its recent forex trading gains as traders booked profits ahead of the mid-term elections, which pose a risk to dollar trends. Economic data from the US was weaker than expected, with factory orders posting a...
USDCHF has broken above the resistance at the .9550 minor psychological level and looks prime for a pullback to the Fibonacci levels marked on the 1-hour time frame. The pair appears to be finding support at the 38.2% level, although stochastic...
USD The US dollar was on a roll once more, as the currency continued to advance against most of its forex counterparts. EURUSD tested new lows while USDJPY went on to rally to levels not seen since 2007. Data from the US was stronger than expected,...
NZDUSD could be in for a correction after breaking below the support zone at the .7800 major psychological level. The pair has dipped to the .7700 area and has shown signs of retracing. The Fibonacci retracement tool indicates that the 38.2% level...
