USD: Bullish The U.S. is set to release its retail sales report for February at 1:30 pm GMT today. The headline figure could show a 0.5% increase while the core version of the report could also show...
GBP/USD has just broken below the 1.5000 major psychological level in the past week but the pair appears prime for a retest within the day. Using the Fibonacci retracement tool on the recent swing high and swing...
USD: Neutral There are no major reports due from the U.S. or other major economies today so dollar pairs could simply move sideways for the rest of the day.
Cable has been on a downtrend for the past few weeks and has recently made a strong break below the 1.5000 major psychological support level. This confirms that the selloff is really strong and that the pair...
The USD/JPY pair had a very back and forth session on Monday, essentially going nowhere during the trading day. This came after a massive move higher on Friday, as we had broken above the 95 handle.
The USD/CAD pair fell during the session on Monday, but only slightly. We are still above the 1.0250 level, and as a result we haven’t even broken the bottom of the hammer from Friday. This hammer should...
The GBP/USD pair went back and forth during the Monday session, essentially closing unchanged. We are bounce around just above the 1.49 level, an area that could cause a bit of support as it is a “big...
EUR/USD pair rose during the session on Monday, showing that the 1.30 area is going to continue to be massively stubborn. The support area continues to confound the sellers, and start a serious range of support all...
The AUD/USD pair had a strong showing on Monday, as the 1.02 level offered support yet again. It appears that we are trying to form a little bit of a base at this point in time, and...
USD: Bullish The U.S. dollar enjoyed a nice strong rally after the NFP figure came in higher than expected. The U.S. economy was able to add 236K jobs in February, higher than the estimated 162K increase.
