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...
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...
