USD The US dollar lost a bit of ground to its major counterparts, most notably the Australian dollar and the Japanese yen, as data from the economy came in weaker than expected. New home sales showed a 414K figure instead of the estimated 457K reading...

AUD/JPY recently made a sharp selloff on global growth concerns and risk aversion but the pair seems ready to make a quick retracement. On the 4-hour time frame, the 61.8% Fibonacci retracement level of the latest swing high and low lines up with the...

USD The US dollar packed in the gains against the British pound and Australian dollar on Friday, as these currencies were hit hardest after the Davos World Economic Forum. The economic leaders affirmed the strength in the US economy, also adding to...

AUD/USD suffered a sharp selloff towards the end of last week, when the world economic leaders in Davos confirmed that a slowdown is in the cards for the emerging nations. It didn’t help that China also printed a weaker than expected HSBC manufacturing P...

USD The US dollar lost its shine in yesterday’s trading since economic data printed mostly disappointing results. The flash manufacturing PMI slipped from 54.4 to 53.7 instead of improving to the estimated 55.2 reading. Existing home sales came in a...

GBP/JPY has made a stellar rally in the past few trading days, thanks to improved fundamentals in the UK. However, yesterday’s yen strength triggered a sharp selloff, which could simply be a retracement for this pair. Right now, the pair is finding s...

USD The US dollar had a mixed performance in yesterday’s trading, as it consolidated to the euro, lost ground to the pound, then strengthened against the comdolls. There were no reports released from the US economy recently, which explains why the G...

CAD/JPY might be in for more losses, as the pair just broke below the support of the rising channel on its 4-hour time frame. Stochastic is already in the oversold zone but hasn’t crossed upwards, indicating that sellers have enough momentum to push t...

USD The US dollar barely budged against most of its major counterparts in recent trading, save for the Australian dollar and Canadian dollar. There have been no reports released from the US economy yesterday and there are still no reports lined up for...

EUR/USD’s recent selloff might soon be over, as the pair formed a double bottom on its 1-hour time frame. This is a classic reversal pattern and the uptrend could be confirmed once the pair breaks above the neckline of the formation. Right now, the p...