USD The US dollar gave up a lot of ground to its major currency counterparts in yesterday’s New York trading session, when the ISM manufacturing PMI came up short of expectations. The actual figure slipped from 57.0 to 51.3, worse than the expected d...
USD/JPY recently broke below the 102.00 major psychological support level and dipped below the 101.00 mark this week. However, with stochastic reaching the oversold region and crossing upwards, dollar bulls may be back in action for the near term. If...
USD The US dollar had a mixed performance on Friday, as it gained ground against some currencies but lost against the rest. Data from the US came in mostly in line with expectations, as Chicago PMI climbed from 59.1 to 59.6 while the revised UoM consumer...
The bottom of USD/CHF’s channel held last week, as risk aversion was still present in the trading markets. The pair is currently moving towards the middle of the channel, which might act as medium-term resistance. Take note that stochastic is already i...
USD The US dollar lost some ground against some of its major counterparts in recent trading, as data from the US economy turned out weaker than expected. The advanced GDP reading came in at 3.2% versus the estimated 3.3% growth figure while initial...
GBP/USD is still on an uptrend on the 4-hour time frame, as can be seen on the rising channel on the chart. The pair is selling off but might be ready to find support at the bottom of the channel. Stochastic is already moving out of the oversold region...
USD The US dollar regained ground after the FOMC decided to proceed with its cautious taper and reduce monthly bond purchases by $10 billion, as announced in their December monetary policy statement. Bernanke also reiterated that the Fed plans to keep...
The RBNZ decided to keep interest rates unchanged at 2.50%, much to the disappointment of Kiwi bulls expecting to see policy tightening. The pair sold off after the event but might be due to find support at the bottom of its 4-hour range. Stochastic...
USD The US dollar fought back against its major currency counterparts in recent trading, taking EUR/USD down to the 1.3650 area and USD/JPY up to the 103.00 mark. Data from the US was weaker than expected, with the headline durable goods orders report...
USD/CHF seems to be on the start of an uptrend on its 1-hour time frame, as a rising channel is beginning to form. The pair just found support at the bottom near the .8950 minor psychological level and might be on its way to test the top. Stochastic...
