GBP/USD’s recent rallies might be cut short this week as the pair is currently testing the former support zone around 1.5200 to 1.5250. This level has been broken in February when the BOE reiterated their willingness to implement further easing a...
USD: Bullish Lower-yielding currencies such as the U.S. dollar could gain support this week as pairs are trading cautiously, awaiting more updates from Cyprus’ bailout situation. Only a few U.S. reports are due this shortened trading week as t...
There’s a falling trend line connecting the highs on EUR/USD’s 1-hour time frame and a test might be in the works for today. In addition, the gap from the previous weekend might get filled as it is close to the 1.3050 minor psychological resistance. Law...
USD: Neutral There are no major economic releases from the United States, which suggests that dollar pairs could move to currency-specific events. During yesterday’s U.S. session, the dollar lost ground to most of its major counterparts as risk a...
USD/JPY’s rally seems to be losing steam as the pair can’t seem to make a break above the 97.00 major psychological resistance Right now, USD/JPY is pulling back to the 95.00 area and looks ready to test the rising trend line on the 4-hour time frame. Not...
USD: Neutral Dollar pairs are stuck in consolidation so far as EUR/USD keeps testing the 1.2950 minor psychological resistance while GBP/USD is still moving sideways around the 1.5100 area. The recent FOMC statement seemed to be a non-event as...
The falling trend line on USD/CAD’s 1-hour time frame is holding for now but the pair is consolidating into what appears to be a symmetrical triangle. Traders are awaiting the results of the Canadian retail sales report, which is set for release d...
USD: Neutral Most dollar pairs could be in for a lot of tight consolidation during today’s trading sessions as traders sit on their hands prior to the FOMC monetary policy statement. Their most recent rate decision included a mention of potential t...
After Cypriot officials and the Troika unveiled a bailout proposal to save Cyprus’ troubled banks, the parliament rejected the plan since it involved a one-time tax levy on deposits. This prompted fears of a bank run in the country, which might do m...
USD: Bullish Weekend gaps on most dollar pairs seem to have been filled at the moment, except for the large one on EUR/USD. Risk is off in the markets at the moment as equities have been sliding and higher-yielding assets are selling off, suggesting...
