The euro falls back as the trading session on Wednesday progresses, reversing its increase from the early hours and loosing some of its initial gains. At the time of writing, the single currency was trading at 1.3389,...
USD: Bullish The U.S. dollar could be in for a bit of consolidation against its major currency counterparts until the big reports are released during the New York session.
NZD/USD’s uptrend is still intact as the rising channel on the 4-hour chart seems to be holding. The pair just tested the top of the channel last week when New Zealand released stronger than expected quarterly retail...
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The USD/JPY pair had a very quiet session on Tuesday as the market essentially hovered around the 93.50 level. This market looks like it’s trying to go sideways for the short term, possibly even with a downward...
The USD/CAD pair managed to break above the 1.01 level again for the session on Tuesday, and even managed to break above the highest from the Monday session.
The GBP/USD pair fell after initially trying to rally to get above the 1.55 handle on Tuesday. However, this failure led to a lower low, as we broke the bottom of the neutral candle from Monday.
