Ever since AUD/USD breached the 1.0200 major psychological level, it has been on a very strong selloff, even breaking below parity. The trend remains very bearish for the pair and there could be shallow retracements for the week. On the 1-hour...
USD The U.S. economy chalked up another day’s worth of weak economic figures as its CPI and Philly Fed index ended up below expectations. The core CPI figure for April showed a 0.1% uptick instead of the projected 0.2% increase while the headline f...
GBP/USD already broke below the rising trend line on the 4-hour time frame earlier this week, but it appears that the pair has found support around the 1.5200 major psychological level for now. This was spurred by an upgrade in growth and inflation forecasts...
USD The U.S. dollar retreated against most of its major counterparts in yesterday’s New York session, as weak economic figures put a cap on its recent rallies. The Empire State manufacturing index turned out to be a huge disappointment as it p...
USD/JPY seems to have stalled right below the 103.00 major psychological resistance level as the pair retreated upon reaching a high of 102.78. There could be a chance to hop in the overall uptrend as the pair is currently finding support at the Fibonacci...
USD The U.S. dollar continued to advance against its major currency counterparts in yesterday’s trading session as the upbeat monetary policy expectations from the Fed provide support for the Greenback. Today’s set of economic data cou...
Following a successful break of the double top neckline on the daily time frame, EUR/USD appears poised to test the neckline of the larger head and shoulders formation, which can be seen on both the weekly and daily charts. Euro zone GDP figures are...
USD Dollar strength is still in vogue today as the latest U.S. retail sales release somewhat came in line with consensus The headline figure showed a 0.1% increase instead of the estimated 0.3% drop while the core version of the report printed a 0.1%...
NZD/USD suffered a sharp selloff last week when RBNZ head Graeme Wheeler admitted intervening in the forex market. This was followed by the Fed’s release of their plans to exit monetary policy easing by gradually reducing their bond purchases, t...
USD The US dollar got a strong boost from the Fed’s announcement of their concrete plans to exit their open-ended asset purchase program. Although an actual date hasn’t been specified, the fact that the Fed is considering tightening monetary pol...
