USD The US dollar gained ground in recent trading when risk sentiment started to favor lower-yielding currencies. Most other forex pairs were stuck in consolidation, as traders awaited the top-tier data releases this week. US retail sales came in weaker...
Ahead of today’s UK major economic events, GBP/USD has formed a head and shoulders pattern on its 1-hour time frame. The pair has also recently broken below an ascending trend line connecting the price lows then pulled up for a retest before heading b...
USD The US dollar had a mixed performance in recent trading, as it consolidated to the euro and Canadian dollar but managed to extend its wins to the yen and the franc. There were no major reports released from the US economy, although the Federal budget...
USD/CHF has made a strong rally after bouncing off support on its 4-hour range. The pair has been moving sideways between the .8750 minor psychological level and the resistance around .8925. The rally could be cut short once the pair tests the top of...
USD The US dollar had a mixed trading day before the week came to a close, as most traders booked profits off their dollar longs ahead of the key events this week. . JOLTS job openings data was weaker than expected at 4.01M versus the estimated 4.21M...
After months of consolidating inside a symmetrical triangle pattern on its 4-hour time frame, EUR/JPY finally picked a direction when the ECB hinted that it could ease in June. The pair fell below the triangle support and is indicating that further losses...
USD The US dollar made a pretty strong recovery in recent trading as risk aversion returned to the markets. Initial jobless claims came in stronger than expected at 319K versus the estimated 328K increase in claimants, adding another boost to the dollar....
After making a strong break past the 1.6800 major psychological resistance earlier in the week, GBP/USD might need to make a quick pullback before pushing for more gains. After all, the BOE interest rate decision turned out to be a non-event, with traders...
USD The US dollar regained ground to most of its major counterparts in recent forex trading, as risk appetite waned. Not even Yellen’s relatively cautious speech was enough to force the dollar to retreat. The Fed head retracted her six-month rate h...
USD/CHF has recently broken below a support zone visible on the 1-hour time frame, indicating that further losses might be in the cards. After dipping to a low of .8720, the pair has shown signs of retracing, which might offer the chance to jump in the...
