After last week’s strong selloff, USD/CAD is currently stalling around the 1.0075 resistance turned support level. This is in line with the 50% Fibonacci retracement on the 4-hour time frame. During the previous release, the Ivey PMI came in much stronger t...
USD The U.S. dollar was outpaced by most of its major counterparts in yesterday’s trading when personal income and spending data disappointed. The core PCE price index, which is rumored to be the Fed’s preferred inflation measure, posted a fla...
GBP/USD is moving closer to testing the top of the rising channel on the 1-hour time frame, although the pair seems to be retracing at the moment. Weak U.S. data has been propping up this pair so far, and it remains to be seen whether the upward...
The U.S. will print its Q1 2013 GDP reading in today’s U.S. session and the report is slated to show 3.0% economic growth for the quarter, higher than the previous reading of 0.4%. The U.S. dollar has been reacting to fundamentals lately so a strong r...
USD The U.S. dollar lost a bit of ground to its major counterparts in yesterday’s trading as the U.S. durable goods orders data missed expectations. The headline figure showed a 5.7% drop, almost twice the estimated 2.9% decrease, while the c...
On its 1-hour time frame, GBP/USD is testing the falling trend line connecting its recent highs from the second week of April. On top of that, the pair is also stalling around the 1.5300 major psychological level. Perhaps the release of the U.K. GDP...
USD The U.S. dollar reigned supreme against most of its counterparts, particularly the euro and the Australian dollar, as risk aversion stayed in the markets in yesterday’s t...
EUR/USD is currently testing the 1.3000 major psychological area, as the path of least resistance is downwards. After all, fundamentals in the euro zone remain very weak as the region grapples with several financial and economic challenges. Today’s r...
The recent risk-off market environment has pushed AUD/USD down from the top of the long-term range around 1.0600 towards the bottom. Another test of the 1.0200 major psychological level could be in the cards for this week. This level could hold...
