USD A couple of top-tier data are due from the US today. These are the ADP non-farm employment change and the ISM non-manufacturing PMI. The ADP report could show a slight improvement from 198K to 203K for March, reflecting a slight increase in hiring....
The recently released manufacturing PMI for the United Kingdom sparked a massive selloff for the pound as the actual figure missed expectations. Take note that the BOE is currently watching business surveys very closely before they make their interest...
Thanks to its recent rallies for the first few trading sessions this week, EUR/USD was able to pull up to the former support level around the 1.2850 minor psychological handle. This is closely in line with the 38.2% Fibonacci retracement level...
USD Traders are now back from the shortened trading week last week, which suggests we could see more action on the charts for the coming days. Today, the U.S. will release its ISM manufacturing PMI for March and possibly show that the figure...
USD/JPY sold off for the past couple of weeks and is now testing the former resistance at the 94.00 major psychological level. The pair seems to be finding support around this area, which is also in line with the 50% Fibonacci retracement level...
USD Most banks are on a holiday today, paving the way for quiet trading conditions. Take note though that it’s the last trading day for the month and the quarter, which could also set the stage for profit-taking moves towards the end of the U...
The pair is once more testing the 1.5200 major psychological resistance for today. The level has held earlier this week as price dipped back to the 1.5100 major psychological support afterwards. There’s a bearish divergence that formed on the h...
USD Markets could be in for a quiet trading day today as there are no top-tier releases from the major economies that could have a significant impact on risk sentiment or a lasting effect on dollar pairs’ movements. The U.S. is set to print i...
USD/CAD is currently consolidating above the 1.0150 minor psychological support level as traders await the release of the monthly GDP reading for January. The figure is expected to rebound by 0.1% from the -0.2% reading seen last December. A stronger...
USD: Neutral There are a few major reports due from the U.S. today and these might have an impact on dollar pairs’ price action since there are no other top-tier economic events scheduled. The U.S. durable goods orders data could show a...
