USD The US dollar lost ground to some of its counterparts in yesterday’s trading as risk sentiment seemed to improve and favor the higher-yielding currencies. As for economic data, the US ISM non-manufacturing PMI report came in...
The Reserve Bank of Australia cut interest rates by 0.25% during their monetary policy statement today and, judging from AUD/USD’s reaction, this was expected by most market participants.
Dollar strength is still persistent, as USD/CHF already broke above the falling trend line on its 1-hour time frame. This suggests that a new trend is about to form, but that price might pull back first before...
AUD/USD has finally broken below its recent range, with resistance at .9300 and support at .9050. The pair has dipped below the .900 handle but it could still make a retest of the former support before...
GBP/USD retreated from its recent highs during yesterday’s trading, and this may have been a result of profit-taking ahead of today’s major US events.
The range on AUD/USD is still holding for now, as the pair found resistance at the .9300 major psychological level earlier this week. The pair is now on its way to support around the .9050 minor...
NZD/USD has enjoyed a strong rally last week, as the RBNZ interest rate statement turned out relatively hawkish. Governor Wheeler specified that the central bank might keep rates low until next year only, prompting traders to speculate...
AUD/USD appears to be forming a smaller range on its 1-hour time frame. The pair is on its way to test resistance at the .9300 major psychological level while stochastic is giving the overbought signal.
AUD/USD suffered a heavy selloff in yesterday’s trading, as the .9300 handle held as strong resistance and pushed the pair to the middle of its range.
Two of the largest economies in the euro zone, namely Germany and France, will be printing their manufacturing and services PMIs in today’s UK session. Small improvements are expected, although most of the figures are likely to...
