US dollar gains as Fed’s monetary path diverges from the ones of ECB and BOJ
The US dollar traded higher against other major currencies on Wednesday, with investors eager to see the anticipated end of the Fed’s bond-purchasing program. The US dollar traded higher against other major currencies More...
The USD/JPY extends its rally despite slightly decreasing Japanese machinery orders
The USD/JPY momentum pushed the pair further north to more than 6-year highs; the US dollar retained its strength against other major currencies owing to bets the Fed would hike rates earlier than previously anticipated. The More...
US crude rebounds following previous session’s losses
US crude oil futures made modest gains on Tuesday, with investors waiting to see the US weekly supply data. A slight correction was observed in West Texas Intermediate oil futures on Tuesday, from the grueling More...
The US dollar holds up to its gains in Asia
The USD sustained its impressive rally against other major currencies in Thursday Asian trading; the commodities complex faced further losses as a result of the greenback strength. Tuesday Asian trading witnessed More...
Euro bearishness set to continue after some short-term consolidation
The euro has continued to depreciate against the dollar, and the market has anticipated the divergence; given the imminent Scottish referendum, the sterling is expected to lag behind the euro. The euro has continued More...
The dollar index declines but still hovers around 14-month peak
US dollar index made a brief decline but still hovered around its 14-month peak; the reason for the USD slight correction was the poor August nonfarm payroll report. The US Labor Department report today indicated More...
Gold touches 2.5-month low suppressed by a strong US dollar
Gold broke through the long-term dynamic support provided by the symmetrical triangle it had been trading in since the very beginning of 2014; the USD outperformance curbed demand for the precious metal. Gold More...
EUR/USD consolidated following euro zone CPI data but endured losses after the US data releases later on Friday
The EUR/USD consolidated above 1.3150 following a consumer price inflation report for the euro zone, which matched expectations; the following US PCE and Consumer Confidence data dealt a blow to the euro. The EUR/USD More...
Technical signals pile up in favor of a USD/CHF correction
RSI divergence from trend combined with a bearish engulfing pattern suggest that, although the rally in USD/CHF has still more way to go on the upside, the pair is currently ripe for a correction. Recent broad More...
The EUR/USD enters a correction territory as profit taking kicks in
The euro recovered slightly from almost one-year low against the US dollar recorded in early Asian trade as the pair reached a large option barrier at the 1.3150 support; the common currency gains are seen as short-term More...
