GBP/USD had a strong selloff towards the end of the previous week when the U.S. Federal Reserve talked about their concrete plans to exit from their ongoing open-ended asset purchase program. However, the pair has found support at the bottom of...
USD The U.S. dollar gained a lot of ground against its major counterparts in yesterday’s trading, despite the lack of top-tier data from most major economies. EUR/USD is back to testing the 1.3000 major psychological support while USD/JPY finally b...
After several failed attempts in the past few months, AUD/USD finally made a convincing break below the 1.0200 major psychological level in yesterday’s trading. The recent RBA interest rate cut may have been one of the major factors driving the selloff, a...
USD The Greenback weakened against most of its major currency counterparts in yesterday’s trading as risk appetite generally improved. There have been no major reports released from the U.S. lately, which explains why dollar pairs’ moves have bee...
NZD/USD just broke below the .8500 major psychological support level recently, mostly because of the downturn in risk appetite. The recent speech by RBNZ Governor Graeme Wheeler also revealed that the central bank actually secretly intervened in...
USD The U.S. dollar’s rally gained legs against most of the other major currencies in yesterday’s trading when some economies once again showed signs of weakness. For one, Australia underwent a rate cut from the RBA while the RBNZ financial sta...
EUR/USD is slowly edging closer and closer to the 1.3000 major psychological support again as the pair has formed lower highs on its 1-hour chart. In fact, it has created a descending triangle pattern on the same time frame. For now, there are no major...
USD The U.S. dollar bounced back on its feet in yesterday’s trading when risk aversion popped its head back in the markets. There were no major reports released from the U.S. but the new set of economic problems from a few major economies kept r...
The RBA just cut interest rates by 25 basis points from 3.00% to 2.75% earlier in today’s Asian session. This pushed AUD/USD below the support level around 1.0230 to a low of 1.0178 right after the statement. In past rate decisions where the RBA cut i...
USD The U.S. dollar initially had a positive reaction to stronger than expected NFP data but was soon weighed down when risk appetite boosted the higher-yielding currencies. The NFP figure came in at 165K, higher than the estimated 146K reading,...
