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  • Forex Trading Alert: USD/CHF Meets Resistance

    December 18, 2014, 2:35 PM

    Earlier today, the U.S. Department of Labor showed that the initial jobless claims in the week ending December 12 fell by 6,000 to 289,000 beating analysts’ expectations for an increase of 1,000. These bullish numbers supported the greenback and pushed USD/CHF to a fresh 2014 high. Will we see further rally?

  • Forex Trading Alert: Bottom in the USD Index

    December 17, 2014, 1:15 PM

    All of the currency pairs that we cover in our Forex Trading Alerts have one thing in common – all of them involve the US Dollar. In today’s issue we will focus on this particular currency by analyzing the USD Index from several perspectives. This will put the most recent price swings in a bigger picture and should help to differentiate between important and rather random moves.

  • Forex Trading Alert: Positive Sign For EUR/USD

    December 16, 2014, 10:29 AM

    Earlier today, the data showed that the euro zone’s preliminary manufacturing PMI climbed to a four-month high of 50.8 this month (beating expectations for a rise to 50.5), while the preliminary reading of the services PMI rose to 51.9 in December (also above the forecast of an increase to 51.5). Additionally, the ZEW Centre for Economic Research reported that its index of German economic sentiment climbed to 34.9 from 11.5 in November, well above the forecast of 20.8. These bullish numbers supported the common currency against the greenback and pushed EUR/USD above the barrier of 1.2500. Will we see further rally?

  • Forex Trading Alert: EUR/USD – Calm Before The Storm?

    December 15, 2014, 11:49 AM

    Earlier today, official data showed that industrial production rose 1.3% in the previous month, beating expectations for a 0.7% gain, which pushed the greenback higher. In response, EUR/USD gave up some gains, but is still trading in a consolidation. Is this a sign of strength?

  • Forex Trading Alert: What’s Next for Major Currencies Against the Dollar?

    December 12, 2014, 1:35 PM

    Earlier today, the U.S. Department of Labor showed that the U.S. producer price index fell 0.2% last month, while core producer price inflation (without food, energy and trade), was flat in November, missing analysts’ expectations. Although the Thomson Reuters/University of Michigan preliminary consumer sentiment index climbed to an almost eight-year high of 93.8 this month, the data released earlier continued to weigh on investors’ sentiment and pushed the greenback lower. How did this drop affect the technical picture of major currency pairs?

  • Forex Trading Alert: GBP/USD – Breakout Or Fakeout?

    December 11, 2014, 12:35 PM

    Earlier today, the U.S. Department of Labor reported that the initial jobless claims in the week ending December 6 dropped by 3,000 to 294,000, beating forecast. Additionally, the U.S. Commerce Department showed that retail sales increased by 0.7% last month, beating expectations for a gain of 0.4%, while core retail sales (without automobile sales), increased by 0.5% in November, surpassing forecasts for a 0.1% gain. These bullish numbers supported the greenback and pushed GBP/USD lower, but the pair is still trading close to the key resistance line. What’s next?

  • Forex Trading Alert: USD/CHF – At Crossroads

    December 10, 2014, 12:37 PM

    Yesterday, the USD Index (which tracks the performance of the U.S. currency against a basket of six major currencies) declined, moving away from Monday’s high of $89.56. As a result, USD/CHF extended losses and tested the strength of the key support line. Earlier today, we saw a similar price action. Will it withstand the selling pressure?

  • Forex Trading Alert: EUR/USD – Bigger Corrective Upswing Or Trend Reversal?

    December 9, 2014, 10:42 AM

    Earlier today, official data showed that Germany's trade surplus widened to €20.6 billion in October from €18.6 billion in September, beating analysts’ forecasts. In response to these bullish numbers, EUR/USD extended gains and invalidated another breakdown. What’s next for the exchange rate?

  • Forex Trading Alert: EUR/USD Meets Support

    December 8, 2014, 2:47 PM

    Earlier today, official data showed that German industrial production increased just 0.2% in October, missing analysts’ expectations for a 0.5% gain. These disappointing numbers fuelled concerns over the outlook for fourth quarter growth and pushed EUR/USD to a fresh two-year low against the greenback. With this move, the pair approached an important support area. Will it trigger a rebound from here?

  • Forex Trading Alert: What’s Next for Major Currencies Against the Dollar?

    December 5, 2014, 2:10 PM

    Earlier today, the Labor Department showed that the U.S. economy added 321,000 jobs in the previous month, beating analysts’ expectations for jobs growth of 225,000. Additionally, the U.S. unemployment rate remained unchanged at 5.8% last month. These stronger-than-expected numbers pushed the USD Index to a fresh multi-year high of 89.49. How did this rally affect the technical picture of major currency pairs?

  • Forex Trading Alert: EUR/USD – Time For Rebound?

    December 4, 2014, 10:53 AM

    Earlier today, the European Central Bank kept interest rates at their current record lows of 0.05%. The Bank also left its marginal lending at 0.30% and its deposit facility rate at minus 0.20%. In these circumstances, the euro hit a fresh multi-year low, but then the exchange rate rebounded sharply after the ECB President Mario Draghi comments. Will we see further rally?

  • Forex Trading Alert: How Low Could EUR/USD Go?

    December 3, 2014, 10:59 AM

    Earlier today, data showed that Germany’s services PMI dropped to a 16-month low of 52.1 in November, while the composite PMI dropped to a 17-month low of 51.7. Additionally, the French composite PMI fell to a nine-month low of 47.9, missing analysts’ expectations. On top of that, euro zone’s composite purchasing managers’ index dropped to 51.1 last month from 52.1 in October. These bearish numbers pushed EUR/USD lower, which resulted in a fresh 2014 low. How low could the exchange rate go in the coming days?

  • Forex Trading Alert: AUD/USD Approaches Solid Support

    December 2, 2014, 10:47 AM

    The Reserve Bank of Australia left its benchmark interest rate at a record-low of 2.50%, which pushed the Australian dollar higher against the greenback. As a result, AUD/USD bounced off yesterday’s fresh 2014 low, but will we see further rally?

  • Forex Trading Alert: GBP/USD – Sinking Or Rebounding?

    December 1, 2014, 5:51 AM

    On Friday, the Nationwide Building Society reported that U.K. house price inflation rose 0.3% in November, missing analysts’ expectations for a 0.4% increase. As a result, the British pound moved lower against the greenback and GBP/USD slipped to its key support line. Where the exchange rate head next?

  • Forex Trading Alert: What’s Next For AUD/USD?

    November 26, 2014, 2:31 PM

    The Australian Bureau of Statistics reported that construction work done declined by 2.2% in the third quarter, missing analysts’ expectations for a 1.7% fall. In response to this disappointing numbers, AUD/USD moved lower, hitting a fresh 2014 low. Is this event as bearish as it seems at the first glance?

  • Forex Trading Alert: EUR/USD – Currency Bulls Don’t Give Up

    November 25, 2014, 12:08 PM

    Earlier today, the Conference Board showed that its index of consumer confidence dropped to 88.7 in November, missing analysts’ expectations for an increase to 95.9. In a response, the U.S. dollar moved lower, which pushed the EUR/USD pair to an important resistance line. Will we see a breakout and further improvement?

  • Forex Trading Alert: EUR/USD – Doubble Bottom?

    November 24, 2014, 1:02 PM

    Earlier today, Germany’s Ifo business climate index rose to 104.7, beating economists‘ expectations for a decline to 103.0. This month’s increase supported the common currency and EUR/USD bounced off the previous lows. Will we see a post double-bottom rally in the coming days?

  • Forex Trading Alert: What’s Next for Major Currencies Against the Dollar?

    November 21, 2014, 2:12 PM

    Earlier today, the U.K. Office for National Statistic reported that public sector net borrowing rose by £7.05 billion in October ( missing analysts’ expectations for a rise by £6.90 billion), which pushed the British pound lower against the U.S. dollar. The euro came under pressure after ECB President Mario Draghi commentary, while the greenback declined against loonie after Statistics Canada reported that consumer price inflation rose 0.1% last month, beating expectations for a 0.3% fall. How did these fundamental factors affected the technical picture of GBP/USD, EUR/USD and USD/CAD? What happened with other currency pairs at the same time?

  • Forex Trading Alert: USD/JPY – Time For Correction?

    November 20, 2014, 1:14 PM

    Yesterday’s minutes of the Federal Reserve’s latest meeting supported the greenback and pushed the U.S. currency to a fresh seven-year high against the yen. In this way, USD/JPY extended rally and reached a solid resistance zone. Will it be strong enough to stop currency bulls’ charge in the coming days?

  • Forex Trading Alert: EUR/USD Meets Resistance

    November 19, 2014, 1:14 PM

    Earlier today, the U.S. Commerce Department reported that the number of building permits increased by 4.8% to 1.080 million units in the previous month, beating analysts‘ expectations for a 0.9% rise to 1.040 million units. As a result, the greenback moved higher and EUR/USD dropped below the resistance line. Will it stop further improvement?

  • Forex Trading Alert: How High Could USD/JPY Go?

    November 18, 2014, 8:22 AM

    Yesterday, official data showed that annualized Japan’s gross domestic product dropped by 1.6% in the third quarter, missing economists‘ forecast of a 2.3% growth and following a 7.3% drop in the second quarter, which puts the country in a recession. In these circumstances USD/JPY extended gains and hit a fresh multi-year high of 117.04. How high could the exchange rate go?

  • Forex Trading Alert: AUD/USD – North Or South?

    November 17, 2014, 12:41 PM

    Earlier today, the Federal Reserve Bank of New York showed that its manufacturing index increased to 10.2 in November from a reading of 6.2 in the previous month. Additionally, a separate report showed that U.S. industrial production rose 0.2% last month. Thanks to these posivive numbers AUD/USD reversed and slipped to the key support line. Will it withstand another test?

  • Forex Trading Alert: What’s Next for Major Currencies Against the Dollar?

    November 14, 2014, 1:56 PM

    Earlier today, official data showed that U.S. retail sales rose 0.3% last month, beating expectations for a 0.2% gain, while core retail sales (without automobiles) increased by 0.3% in October. Additionally, the University of Michigan reported that its consumer sentiment index climbed to a more than seven-year high of 89.4 this month beating analysts‘expectations for a rise to 87.5. Thanks to these bullish numbers, the USD Index, which tracks the performance of the greenback against a basket of six major currencies, climbed to a four-and-a-half year high. How did this rally affect the short-term outlook of major currency pairs?

  • Forex Trading Alert: USD/JPY Takes Breather

    November 13, 2014, 12:37 PM

    Earlier today, the Labor Department reported that the initial jobless claims in the week ending November 8 increased by 12,000, missing analysts expectations for a 4,000 rise. Although these disappointing numbers pushed the greenback lower against major currencies, USD/JPY still remains in a consolidation. Is this a sign of strength?

  • Forex Trading Alert: Good News For AUD/USD

    November 12, 2014, 2:16 PM

    Earlier today, the Westpac Banking Corporation showed that Australia's consumer sentiment rose 1.9% in November, while another report said that Australian wage prices increased by 0.6% in the third quarter. Thanks to these solid numbers AUD/USD moved sharply higher, invalidating breakdown below the support/resistance line. Will this bullish signal trigger a rally in the coming days?

  • Forex Trading Alert: USD/CHF – Long-term Support Still Holds

    November 10, 2014, 2:14 PM

    Although data showed that the U.S. economy added less jobs in Oct than expected, the U.S. unemployment rate dropped to a fresh six-year low of 5.8%. Earlier today, investors digested that slack in the labor market is diminishing and the numbers weren't weak enough to hold back the Federal Reserve from hiking interest rates in 2015. As a result, the greenback rebounded, which triggered an upswing in the USD/CHF pair. Will we see a fresh 2014 high?

  • Forex Trading Alert: What’s Next for Major Currencies Against the Dollar?

    November 7, 2014, 12:39 PM

    Earlier today, the Department of Labor reported that the U.S. economy added 214,000 jobs in Oct. Although it was the 49th straight month of positive job growth, today’s numbers missed expectations for an increase of 231,000. In a response, the USD Index, which tracks the performance of the greenback against a basket of six major currencies gave up some gains, slipping below 88. Did this drop affect the short-term outlook of major currency pairs?

  • Forex Trading Alert: What’s Next For GBP/USD?

    November 6, 2014, 9:44 AM

    Earlier today, the Labor Department showed that the initial claims for unemployment benefits decreased by 10,000 in the week ended Nov. 1, beating analysts’ forecast. This second lowest level for claims this year supported the greenback and pushed GBP/USD below the barrier of 1.6000. Will we see a fresh multi-month low?

  • Forex Trading Alert: USD/CAD Meets Resistance

    November 5, 2014, 11:31 AM

    Earlier today, the Canadian dollar declined to its lowest level since Aug 2009 against the greenback as lower crude oil prices continued to pressure the Canadian currency. In this way, USD/CAD climbed above 1.1450 and reached a solid resistance zone. Will it stop further rally in the coming days?

  • Forex Trading Alert: AUD/USD – Double Bottom

    November 4, 2014, 1:19 PM

    Earlier today, official data showed that retail sales in Australia increased by 1.2% in September, beating expectations for a 0.4% rise. As a result, AUD/USD bounced off a one-month low and came back above the short-term support. Will we see a post-double bottom rally?

  • Forex Trading Alert: GBP/USD – Short-term Consequences Of Long-term Resistance

    November 3, 2014, 12:28 PM

    Although the British pound moved higher after data showed that the U.K. manufacturing PMI rose to 53.2 in October (beating analysts’ expectations for a drop to 51.2), the GBP/USD pair reversed and slipped below the long-term support/resistance line as U.S. dollar strengthened supported by upbeat manufacturing data. Where will the exchange rate head next?

  • Forex Trading Alert: What’s Next for Major Currencies Against the Dollar?

    October 31, 2014, 1:00 PM

    Yesterday, the Commerce Department reported that U.S. gross domestic product grew at an annual rate of 3.5% in the three months to September, beating forecast for 3%. Thanks to these bullish numbers, the USD Index, which tracks the performance of the U.S. dollar against a basket of six major currencies climbed above 86.50. Earlier today, the index extended gains, hitting a fresh multi-month high of 87.08. How did this rally affected the picture of major currency pairs?

  • Forex Trading Alert: EUR/USD – Double Bottom Or New Lows?

    October 30, 2014, 11:12 AM

    Yesterday, the U.S. dollar strengthened against other major currency pairs after the Fed said it would end its monthly bond-buying program but keep rates near zero for "considerable time". As a result, EUR/USD declined below the medium-term resistance zone, which triggered a sharp decline to slightly above the recent lows. Will they withstand the selling pressure and we’ll see a double bottom in the coming days?

  • Forex Trading Alert: AUD/USD – Currency Bulls In Charge

    October 29, 2014, 1:59 PM

    Earlier today, the U.S. dollar moved lower against other major currencies as investors were eyeing the conclusion of the Fed's two day policy meeting later in the day. As a result, AUD/USD broke above the nearest resistance levels and hit a fresh monthly high. Will the exchange rate reach the next Fibonacci retracement?

  • Forex Trading Alert: How Low Could USD/CAD Go?

    October 28, 2014, 12:23 PM

    Earlier today, the Commerce Department showed that durable goods orders fell 1.3% in the previous month, missing expectations for a 0.5% increase. Core durable goods orders (without volatile transportation items) dropped 0.2% in September, which was the largest decline in eight months. Thanks to these bearish numbers, the USD/CAD pair declined sharply, slipping below the last week’s low. Where could currency bulls find solid support?

  • Forex Trading Alert: Which Way Next for EUR/USD ?

    October 27, 2014, 11:57 AM

    Earlier today, German research institute Ifo showed that its index of business climate dropped to 103.2 in October from 104.7 in the previous month. Thanks to these disappointing numbers, EUR/USD moved away from the short-term resistance line. Where will the exchange rate head next?

  • Forex Trading Alert: What’s Next for Major Currencies Against the Dollar?

    October 24, 2014, 10:18 AM

    Earlier today, the Office for National Statistics showed in a preliminary report that U.K. gross domestic product rose 0.7% in the third quarter. As a result, GBP/USD bounced off the support zone and climbed above 1.6050. What happened with other major currency pairs? Did the recent price moves change their short-term outlooks?

  • Forex Trading Alert: USD/JPY – Currency Bulls In Charge

    October 23, 2014, 1:38 PM

    Earlier today, the Department of Labor showed that the four-week average of the initial jobless claims fell to the lowest level since May 2000. In response, the U.S. dollar moved higher and climbed to a two week high against the weaker yen. How did this move change the very short-term picture?

  • Forex Trading Alert: Why EUR/USD Is Likely To Fall?

    October 22, 2014, 10:53 AM

    Earlier today, the U.S. Department of Labor reported that consumer prices increased 0.1% in September, which supported the U.S. dollar and pushed the EUR/USD pair below the short-term support. What’s next?

  • Forex Trading Alert: USD/CAD – At Crossroads

    October 21, 2014, 1:50 PM

    Earlier today, the National Association of Realtors showed that sales of previously owned homes climbed 2.4% from a month earlier to a seasonally adjusted annual rate of 5.17 million in September. These solid numbers supported the greenback and pushed the USD/CAD pair to the important short-term support. Will it be strong enough to push the exchange rate higher?

  • Forex Trading Alert: GBP/USD Meets Resistance Lines

    October 20, 2014, 12:39 PM

    Although Friday’s upbeat U.S. data (which showed that U.S. housing starts rose more than expected in the previous month and U.S. consumer sentiment rose to the highest level since July 2007) pushed the greenback higher, the British pound didn’t extend losses. Does it mean that traders’ sentiment is improving?

  • Forex Trading Alert: USD Index - The Key Thing To Watch

    October 17, 2014, 6:40 AM

    In the Oct 2, 2014 Forex Trading Alert, we covered the USD Index with great detail as it was one of the most important things that forex traders should keep in mind. It still is and the situation changed in the last 2 weeks, so today’s alert is a timely update on this key factor.

  • Forex Trading Alert: How High Could USD/CAD Go?

    October 16, 2014, 8:43 AM

    Although the U.S. dollar moved lower against most of major currency pairs after disappointing economic data yesterday, we didn’t notice such price action in the case of the USD/CAD. Therefore, we decided to take a closer look at USD/CAD in today’s Forex Trading Alert. Will yesterday’s increase trigger further rally?

  • Forex Trading Alert: EUR/USD – Currency Bulls In Charge

    October 15, 2014, 2:54 PM

    Earlier today, the Census Bureau showed that U.S. retail sales fell 0.3% last month, while core retail sales (without motor vehicles and parts) dropped 0.2% in September. Additionally, U.S. producer price inflation slipped 0.1% in September, missing expectations for a 0.1% rise. On top of that, the Federal Reserve of New York reported that its manufacturing index dropped to a six-month low of 6.2 in October from 27.5 in September. These bearish numbers pushed the greenback lower, which resulted in a sharp increase in the EUR/USD pair. Is this the first sign of the rally?

  • Forex Trading Alert: GBP/USD – North or South?

    October 14, 2014, 9:00 AM

    Earlier today, the U.K. Office for National Statistics reported that CPI slowed to 1.2% last month from 1.5% in August, while analysts had expected a drop to 1.4% in September. As a result, GBP/USD moved sharply lower, reaching the recent lows. Will we see further deterioration?

  • Forex Trading Alert: AUD/USD – Time For Rebound?

    October 13, 2014, 11:37 AM

    Earlier today, official data showed that Chinese exports climbed 15.3% from a year earlier in September, beating forecasts for an 11.8% increase, while imports rose 7.0%, compared to expectations for a 2.7% decline. These stronger than expected trade data pushed AUD/USD triggered a sharp increase in the AUD/USD pair. Will we see further rally in the coming days?

  • Forex Trading Alert: What’s Next for Major Currencies Against the Dollar?

    October 10, 2014, 11:52 AM

    Earlier today, Statistics Canada reported that the number of employed people rose by 74,1000 in September, beating expectations for an increase of 20,000. Additionally, Canada's unemployment rate fell to 6.8% last month from 7.0% in August. Thanks to these better-than-expected numbers the U.S. dollar erased gains against its Canadian counterpart. What happened with other major currency pairs? Did weaker greenback change their short-term outlooks?

  • Forex Trading Alert: Where Will EUR/USD Head Next?

    October 9, 2014, 10:53 AM

    Earlier today, the U.S. Department of Labor reported that the initial jobless claims in the week ending October 4 decreased by 1,000, beating analysts’ expectations for a 6,000 increase. In response, the U.S. dollar moved higher and EUR/USD erased some gains. Did this move change the very short-term picture?

  • Forex Trading Alert: Reversals?

    October 8, 2014, 2:50 PM

    The last several weeks were quite rich in various meaningful technical developments in many currency pairs. The USD Index has also rallied very sharply, especially on Friday. It seems, however, that the tendencies that were prevailing in the previous weeks are no longer in place and the decline in the USD Index serves as a good example. What changed in the major currency pairs? Let’s take a closer look.

  • Forex Trading Alert: EUR/USD – North or South?

    October 7, 2014, 2:05 PM

    Earlier today, official data showed that industrial output in Germany dropped by 4.0% in August, missing forecast for a 1.5% decline. This largest decline since early 2009 pushed EUR/USD lower, but did this move change anything?

  • Forex Trading Alert: AUD/USD – Time for Rally?

    October 6, 2014, 7:54 AM

    On Friday, the Labor Department showed that the U.S. economy added 248,000 jobs in September, beating forecasts for a 215,000 growth. Additionally, the unemployment rate dropped to its lowest level since July 2008 (to 5.9%). As a result, the USD Index rallied to a fresh multi-month high of 86.87, which pushed AUD/USD below the Jan low. Despite this deterioration, positive Australian data, which showed that job advertisements rose 0.9% last month, triggered a corrective upswing earlier today. Will an invalidation of the breakdown be sufficiently strong factor to initiate a rally?

  • Forex Trading Alert: What’s Next for Major Currencies Against the Dollar?

    October 3, 2014, 8:03 AM

    Yesterday, the ECB left its main refinancing rate at 0.05% and the deposit rate on overnight bank deposits at minus 0.2%. As a result, the USD Index , which tracks the performance of the greenback versus a basket of major currencies, has finally declined. What impact did this move have on major currency pairs? Did it change their short-term outlook?

  • Forex Trading Alert: Important USD Implications

    October 2, 2014, 11:51 AM

    While we usually cover individual currency pairs in our Forex Trading Alerts, today we decided to cover the thing that affects all of them – the USD Index. The rally in the US currency is something that has not only caused moves in world’s key currency pairs, but it has also impacted moves in the commodity markets (and that perhaps is responsible for the decline on the stock market). It’s important for investors and traders to keep monitoring the USD on a continuous basis.

  • Forex Trading Alert: Is USD/JPY Sending Currency Bears Message?

    October 1, 2014, 2:50 PM

    Earlier today, the Institute for Supply Management showed that its index of purchasing managers declined to 56.6, missing analysts expectations for a drop to 58.5 in September. As a result, the greenback gave up some gains and USD/JPY slipped below the recent highs. Will an invalidation of the breakout encourage currency bears to act?

  • Forex Trading Alert: EUR/USD - How Low Is Too Low?

    September 30, 2014, 10:36 AM

    Earlier today, data showed that consumer price inflation in the euro zone fell to 0.3% in September from 0.4% in the previous month. Thanks to these disappointing numbers, the euro dropped to a two-year low against the U.S. dollar after and the EUR/USD slipped to the next support level. Will we finally see a rebound from here?

  • Forex Trading Alert: Is Recent Rally In USD/JPY Running Out Of Steam?

    September 29, 2014, 8:55 AM

    On Friday, the Commerce Department reported that U.S. gross domestic product expanded at an annual rate of 4.6% in the second quarter, while GDP was initially reported to have increased by 4.2%. These positive numbers supported the greenback, which hit a fresh six year high against the yen. With this move, USD/JPY reached an important resistance. Will it be strong enough to encourage forex trader to push the sell button?

  • Forex Trading Alert: EUR/USD – Sinking or Rebounding?

    September 26, 2014, 8:34 AM

    Earlier today, the euro moved little lower against the U.S. dollar after data showed that the GfK German consumer climate index dropped to 8.3 this month, while analysts had expected the index to slip to 8.5. As a result, EU/USD still remains around the April and July 2013 lows. North or south?

  • Forex Trading Alert: What’s Next for Major Currencies Against the Dollar?

    September 25, 2014, 10:44 AM

    Yesterday’s better-than-expected U.S. new home sales data brought further support to the greenback earlier today, which resulted in a fresh annual high in the USD Index. Additionally, later in the day, the U.S. Department of Labor reported that the initial jobless claims in the week ending September 19 increased by 12,000, while analysts expected a 19,000 rise. In response, the U.S. dollar moved higher against other currencies once again. Taking this fact into account, we decided not to wait until Friday, but today take a closer look at the major currency pairs and find out what impact did this U.S. dollar’s rally have on their outlooks.

  • Forex Trading Alert: USD/CHF – Breakout or Fakeout?

    September 24, 2014, 1:17 PM

    Earlier today, official data showed that U.S. new home sales data rose 18.0% in August to 504,000 units, beating expectations for a 4.4% gain (it’s worth noting that it was the highest level since May 2008). As a result, USD/CHF hit a fresh 2014 high and reached resistance area. Will it be strong enough to stop currency bulls?

  • Forex Trading Alert: EUR/USD – Trend Reversal or Another Corrective Upswing?

    September 23, 2014, 11:50 AM

    Earlier today, the USD Index, which tracks the performance of the U.S. dollar against a basket of major currencies, pulled back from over a four-year high. As a result, EUR/USD climbed above yesterday’s high. Is this a short-lived improvement or the first sign of a trend reversal?

  • Forex Trading Alert: USD/JPY – Time for Correction?

    September 22, 2014, 1:29 PM

    Earlier today, the National Association of Realtors reported that U.S. existing home sales declined 1.8% to 5.05 million units last in August, missing analysts’ expectations for 1% increase. As a result, USD/JPY gave up some gains and slipped below the previously-broken Fibonacci retracement level. Is it possible that the recent rally is running out of steam?

  • Forex Trading Alert: Where Will USD/JPY Head Next?

    September 19, 2014, 8:48 AM

    Earlier today, U.S. dollar climbed to a fresh six-year high against the yen as Wednesday’s the Federal Reserve's decision to cut monthly bond-buying program by another $10 billion continued to support demand for the greenback. In this way USD/JPY approached the next resistance level. Will it be strong enough to stop currency bulls’ charge?

  • Forex Trading Alert: What’s Next for Major Currencies Against the Dollar?

    September 18, 2014, 1:56 PM

    Yesterday, Fed officials cut monthly bond purchases by $10 billion, advancing the central bank's plans to close its quantitative easing program at its Oct. 28-29 meeting. In response, the U.S. dollar rallied against other currencies. Taking this fact into account, we decided not to wait until Friday, but today take a closer look at the major currency pairs and find out what impact did this U.S. dollar’s rally have on their outlooks.

  • Forex Trading Alert: How High Could USD/JPY Climb?

    September 17, 2014, 12:35 PM

    Although the Labor Department showed that the U.S. consumer price index fell 0.2% in August ( for the first time in 16 months), the greenback moved higher against the yen, hitting a fresh 2014 high. How high could the exchange rate climb?

  • Forex Trading Alert: AUD/USD – Time For Rebound?

    September 16, 2014, 2:18 PM

    In the minutes of the last policy meeting, the Reserve Bank of Australia sustained its decision to keep interest rates on hold for an extended period of time. As a result, the Australian dollar declined against its U.S. counterpart and reached its lowest level since mid-March. Despite this drop, AUD/USD rebounded later in the day and erased over 20% of the recent declines. Is it time for a rebound?

  • Forex Trading Alert: USD/CHF - Consolidation Or Slowdown?

    September 15, 2014, 12:43 PM

    Although data showed that the Empire State manufacturing index rallied to 27.5 from 14.7 in August (beating analysts’ expectations for an increase to 16), U.S. manufacturing activity unexpectedly fell 0.4% in the previous month. Thanks to these mixed numbers, the U.S. dollar slipped against the Swiss franc, but did this drop change anything?

  • Forex Trading Alert: USD/JPY – Currency Bulls In Charge

    September 12, 2014, 1:05 PM

    Earlier today, the University of Michigan reported that its consumer sentiment index rose to a 14-month high of 84.6 this month (from a reading of 82.5 in the previous month), beating analysts’ expectations for an increase to 83.3 in September. As a result, the U.S. currency hit a fresh six-year high against the yen, reaching the next resistance level. Will it manage to stop currency bulls?

  • Forex Trading Alert: USD/CAD – Keep Focused

    September 11, 2014, 1:02 PM

    Earlier today, the Labor Department showed that initial claims for jobless benefits rose by 11,000 in the week ended September 6 to the highest level since late June, while analysts had expected a 4,000 drop. Thanks to these disappointing numbers, U.S. dollar moved lower against its Canadian counterpart, but did this move change anything?

  • Forex Trading Alert: What’s Next for Major Currencies Against the Dollar?

    September 10, 2014, 11:51 AM

    On Monday, the Federal Reserve Bank of San Francisco published a report, which indicated that central bank is growing closer to raise interest rates - earlier than markets expect. As a result, the US Dollar Index, which tracks the performance of the greenback against a basket of six other major currencies, climbed to a 14-month high. Taking this very important fact into account, we decided not to wait until Friday, but today take a closer look at the major currency pairs and find out what impact did this U.S. dollar’s rally have on their outlooks.

  • Forex Trading Alert: Dark Clouds Over AUD/USD?

    September 9, 2014, 5:11 PM

    Earlier today, the National Australia Bank showed that its business confidence index dropped to 8 in August. Additionally, home loans in Australia rose 0.3% in July, missing expectations for a 1.0% increase. Thanks to these disappointing numbers, the Australian dollar declined to a five-week low against its U.S. counterpart, reaching very important support zone. Will it withstand the selling pressure?

  • Forex Trading Alert: USD/JPY – Shallow Correction or Trend Reversal?

    September 8, 2014, 1:00 PM

    Earlier today, data showed that Japan’s gross domestic product shrank by 7.1% in the second quarter. As a result, the U.S. currency rebounded and approached the last week’s almost six year high against the yen. Will we see further improvement or rather a post double top decline?

  • Forex Trading Alert: What’s Next for Major Currencies Against the Dollar?

    September 5, 2014, 11:09 AM

    Earlier today, the Department of Labor reported that the U.S. economy added 142,000 jobs in August, missing expectations for a 225,000 increase. Additionally, the report showed that the U.S. unemployment rate ticked down to 6.1% last month, from 6.2%, but in line with expectations. These disappointing numbers dampened demand for the greenback. What impact did it have on major currency pairs? Did it change their short-term outlook?

  • Forex Trading Alert: How Low Could EUR/USD Go?

    September 4, 2014, 2:15 PM

    Earlier today, the European Central Bank cut interest rates to a record-low 0.05% from 0.15%, surprising most market participants. As a result, EUR/USD dropped to a 14-month low, declining below the strong support zone. Are there any important levels that could stop currency bears’ charge?

  • Forex Trading Alert: EUR/USD – Sinking or Rebounding?

    September 3, 2014, 2:12 PM

    Earlier today, the common currency rebounded slightly after reports that Ukraine had reached an agreement on a ceasefire with Russia. Nevertheless, the most important event, which would drive the EUR/USD pair higher or lower will be tomorrow European Central Bank monthly meeting. Before we know whether the ECB will announce quantitative easing measures or not, let’s check the technical picture of the exchange rate.

  • Forex Trading Alert: USD/JPY – Rally Is Gaining Steam

    September 2, 2014, 12:37 PM

    Earlier today, the Institute for Supply Management reported that its manufacturing purchasing managers’ index increased to 59.0 in August, beating expectations of a drop to 56.8. As a result, U.S dollar climbed to an eight-month high against the yen. Will USD/JPY test the strength of Nov high?

  • Forex Trading Alert: What’s Next for Major Currencies Against the Dollar?

    August 29, 2014, 4:01 PM

    Earlier today, the Thomson Reuters/University of Michigan revised consumer sentiment index came in at 82.5 this month, beating expectations for a reading of 80.1. Additionally, the Chicago-area PMI rose to 64.3 in August from 52.6 in July, also beating expectations for an increase to 56.0. Thanks to these bullish numbers USD/CHF came back to around the recent high, while EUR/USD hit a fresh multi-month low. What impact did the data have on other currency pairs? Did it change their short-term outlook?

  • Forex Trading Alert: AUD/USD – Currency Bulls In Charge

    August 28, 2014, 12:35 PM

    Earlier today, Australia's second quarter private new capex (capital expenditure) data showed a gain of 1.1%, beating expectations for a 0.3% quarter-on-quarter fall. Thanks to these bullish numbers, AUD/USD extended gains and broke above the nearest resistance levels. How much more room to rally does the exchange rate have?

  • Forex Trading Alert: Has EUR/USD Bottomed?

    August 27, 2014, 12:52 PM

    Earlier today, data showed that the Gfk German consumer climate index dropped to 8.6 this month, while analysts had expected the index to remain unchanged in August. This disappointing data pushed the common currency to a fresh 11-month lows against the U.S. dollar. Is the worst for EUR/USD behind us?

  • Forex Trading Alert: Will USD/CHF Rally Above 0.9200?

    August 26, 2014, 2:12 PM

    Earlier today, the U.S. Commerce Department showed that total durable goods orders (with transportation items) rose by 22.6% last month, well above expectations for an increase of 7.5%. Despite this bullish data, core durable goods orders (without volatile transportation items) declined by 0.8% in July, missing forecasts for a 0.5% gain. As a result, the U.S. dollar moved lower against major currency pairs. Did this drop change the USD/CHF outlook?

  • Forex Trading Alert: Negative Signs for USD/JPY

    August 25, 2014, 1:28 PM

    Earlier today, the U.S. Commerce Department reported that new home sales dropped by 2.4% to 412,000 units last month, missing expectations for an increase of 5.7%. Because of these disappointing numbers, USD/JPY declined and came back below the previously-broken resistance zone. Are there any other technical factors that could take the pair lower?

  • Forex Trading Alert: What’s Next for Major Currencies Against the Dollar?

    August 22, 2014, 9:59 AM

    Earlier today, the U.S. dollar moved slightly lower against major currencies as investors stay at the sidelines, eyeing a highly anticipated speech by Federal Reserve Chair Janet Yellen later in the day for further indications on the central bank's next policy moves.

  • Forex Trading Alert: USD/CHF – Time for Correction?

    August 21, 2014, 4:32 PM

    Earlier today, the U.S. dollar moved lower against the Swiss franc as investors jumped out to the sidelines and sold the greenback for profits waiting for the Federal Reserve Chair Janet Yellen's speech before the annual Jackson Hole economic symposium on Friday. As a result USD/CHF reversed and invalidated small breakouts above important levels. Does it mean that correction is just around the corner?

  • Forex Trading Alert: Which Way Next for EUR/USD?

    August 20, 2014, 3:33 PM

    The euro extended losses and hit a fresh 11-month low against the greenback as minutes from the Federal Reserve's most recent meeting showed the central bank debating whether to raise interest rates sooner than expected. In this way, EUR/USD approached an important support zone. Will it trigger a corrective upswing? Or maybe it will be the last stop before new lows?

  • Forex Trading Alert: GBP/USD – North or South?

    August 19, 2014, 11:40 AM

    Earlier today, the U.K. Office for National Statistics showed that the rate of CPI slowed to 1.6% last month, missing expectations for a reading of 1.8%. Additionally, month-over-month, CPI declined 0.3% in July, compared to expectations for a 0.2% decline. On top of that, core CPI (without food, energy, alcohol, and tobacco costs) rose by 1.8% last month, down from 2% in June, while analysts had expected a rise to 1.9% in July. Because of these disappointing numbers, GBP/USD declined to over a four month low and reached an important support level. Will it will be strong enough to stop currency bears’ charge?

  • Forex Trading Alert: Is Correction in USD/CAD Over?

    August 18, 2014, 3:50 PM

    Earlier today, official data showed that Canada's foreign securities purchases dropped by C$1.07 billion in June, missing expectations for a C$14.68 billion increase. As a result, USD/CAD bounced of the recent lows, but did this upswing change anything in the short-term outlook?

  • Forex Trading Alert: Consolidation in EUR/USD – Sign of Strength?

    August 14, 2014, 10:58 AM

    Earlier today, the European Union's statistics office said that gross domestic product in the 18-member currency block was flat in the second quarter compared with the first. The euro zone's three largest economies failed to grow, which had a negative impact on the EUR/USD pair. Although fundamental factors pushed the exchange lower, we think that there are some technical factors on the horizon that could support a rebound in the near future. What are they?

  • Forex Trading Alert: GBP/USD – Correction Is Gaining Steam

    August 13, 2014, 4:21 PM

    Earlier today, the Bank of England cut its forecast for U.K. wage growth in half, which pushed the British pound to a ten-week low against the greenback. With this downward move the pair reached another support zone. Will it manage to stop currency bears’ charge?

  • Forex Trading Alert: The All-Important USD Index

    August 12, 2014, 1:27 PM

    In today’s alert we will take a different view on the currency sector. We will focus on the index that impacts every pair we regularly cover – the USD Index. The long-, medium- and short-term pictures paint an interesting picture that will impact the individual currency rates for days, weeks, and months. It’s definitely worth keeping these charts in mind when making any forex trade.

  • Forex Trading Alert: EUR/USD – Calm Before the Storm?

    August 11, 2014, 12:54 PM

    Although the demand for the U.S. dollar waned as concerns over geopolitical tensions in Ukraine and the Middle East began to ease, EUR/USD is still trading below the key level of 1.3400. Will currency bulls manage to successfully push the exchange rate above it in the coming days?

  • Forex Trading Alert: What’s Next for Major Currencies Against the Dollar?

    August 8, 2014, 8:52 AM

    Yesterday, the Labor Department said in its report that initial claims for jobless benefits in the week ending Aug. 2 fell by 14,000 to 289,000 from the previous week’s total of 303,000, beating analysts’ expectations for a 2,000 increase. Thanks to these bullish numbers, the U.S. dollar hit a fresh nine-month high against the common currency and a three-month high against the Swiss franc. What impact did the data have on other currency pairs? Did it change their short-term outlook?

  • Forex Trading Alert: Dark Clouds Over AUD/USD

    August 7, 2014, 2:13 PM

    The Australian dollar declined to a two-month low against its U.S. counterpart after official data showed that the number of employed people in Australia fell by 300 in the previous month, missing expectations for an increase of 12,000. Additionally, Australia's unemployment rate rose to 6.4% last month, from 6.0% in June. Later in the day, AUD/USD extended losses after the Labor Department said in its report that initial claims for jobless benefits in the week ending Aug. 2 fell by 14,000, beating analysts’ expectations for a 2,000 increase. Because of these numbers, the pair declined to the long-term support line. Will it be strong enough to stop currency bears’ charge?

  • Forex Trading Alert: GBP/USD – North or South?

    August 6, 2014, 12:01 PM

    Earlier today, the Office for National Statistics showed that industrial production rose 0.3% in June, missing forecasts for a 0.6% gain (industrial output rose 1.2% year-over-year, compared to expectations for an increase of 1.5%). Additionally, manufacturing production moved up 0.3% in the previous month, but also missed analytics’ forecast of 0.6% increase. These disappointing numbers pushed GBP/USD lower, which resulted in a move to the support zone. Will it stop further deterioration in the coming days?

  • Forex Trading Alert: USD/CHF – The Moment of Truth Is Coming

    August 5, 2014, 1:22 PM

    Earlier today, the Institute of Supply Management reported that its non-manufacturing PMI increased to a three-year high of 58.7 in July from a reading of 56.0 in June, beating analysts’ expectations of a 56.3 reading. Thanks to these numbers, the greenback hit a seven-month highs against the Swiss franc and approached an important resistance area. Will it stop the rally in the coming days?

  • Forex Trading Alert: EUR/USD – Time for Rebound?

    August 4, 2014, 3:48 PM

    On Friday, the common currency rebounded sharply after disappointing U.S. employment data, which showed that the U.S. economy added 209,000 jobs in July, missing expectations for an increase of 233,000. As a result, EUR/USD erased over 20% of recent declines and came back above 1.3400. Will currency bulls manage to push the pair higher?

  • Forex Trading Alert: EUR/USD - Correction Is Gaining Steam

    July 29, 2014, 1:40 PM

    Earlier today, the Conference Board showed that its index of consumer confidence increased to 90.9 in the previous month and it was the highest reading since October 2007. As a result, EUR/USD extended losses and dropped to its lowest level since November. Will currency bears push the pair below 1.3400?

  • Forex Trading Alert: USD/CAD – Currency Bulls in Charge

    July 28, 2014, 11:38 AM

    On Friday, the U.S. dollar increased to a one-month high against its Canadian counterpart after data showed that U.S. durable goods orders rose 0.7% last month (beating expectations for a 0.5% gain), while core durable goods orders (without transportation items) increased by 0.8% in the previous month, also beating expectations for a 0.6% gain. Thanks to these bullish numbers USD/CAD broke above an important medium-term resistance. Will currency bulls hold gained levels?

  • Forex Trading Alert: What’s Next for Major Currencies Against the Dollar?

    July 25, 2014, 3:02 PM

    Earlier today, the common currency moved lower after the Ifo Institute for Economic Research showed that its German business climate index fell to a nine-month low of 108.0 this month, while analysts had expected a drop to 109.4 in July. Later in the day, the euro extended losses against the greenback after data showed that U.S. durable goods orders rose 0.7% last month (beating expectations for a 0.5% gain), while core durable goods orders (without transportation items) increased by 0.8% in the previous month, also beating expectations for a 0.6% gain. Because of these circumstances, EUR/USD dropped to its lowest level since November. What impact did these bullish numbers have on other currency pairs? Did they change their short-term outlook?

  • Forex Trading Alert: Dark Clouds Over GBP/USD

    July 24, 2014, 11:57 AM

    Earlier today, the Office for National Statistics reported that retail sales rose just 0.1% in June from a month earlier, missing expectations for a 0.3% gain. Additionally, on a year-over-year basis, retail sales rose 3.6% in the previous month, also below expectations for a 3.9% increase. Thanks to these disappointing numbers, GBP/USD declined a 1-month low against the U.S. dollar and broke below an important support line. Will this event trigger further deterioration?

  • Forex Trading Alert: AUD/USD – Important Breakout or Another Fakeout?

    July 23, 2014, 10:25 AM

    Earlier today, official data showed that consumer price inflation in Australia rose 0.5% in the second quarter, beating analysts’ expectations of 0.6% increase. Additionally, on a yearly basis, Australia CPI rose to 3.0% in the last quarter, compared to expectations for an increase to 3.1%. These lower than expected numbers pushed the Australian dollar to one-and-a-half week high against its U.S. counterpart. As a result, AUD/USD broke above its key resistance line. Is this event as bullish as it seems at the first sight?

  • Forex Trading Alert: Multi-week Consolidation in EUR/USD Ended

    July 22, 2014, 1:33 PM

    Earlier today, official data showed that the annual rate of U.S. inflation was at 1.2% in the previous month, while core inflation (without food and energy costs) increased by just 0.1% month-on-month and U.S. consumer prices were up 0.3%. On top of that, U.S. existing home sales increased 2.6%, while analysts had expected an increase of 2%. Thanks to these bullish numbers, the common currency declined against the U.S dollar to a 8-month low. What are the implications of this event?

  • Forex Trading Alert: Consolidation in GBP/USD - Sign of Strength or Last Stop Before Correction?

    July 21, 2014, 12:00 PM

    The U.S. dollar moved higher against the British pound after reports that Ukrainian troops were moving in to the rebel held city of Donetsk, which weighed on market sentiment and fueled concerns over an escalation in the region. As a result GBP/USD declined to the lower border of the consolidation. Is it the last stop before further deterioration?

  • Forex Trading Alert: What’s Next for Major Currencies Against the Dollar?

    July 18, 2014, 11:40 AM

    The U.S. dollar moved lower against other major currencies after the disappointing University of Michigan report showed that consumer sentiment index declined to a four-month low of 81.3 in July, from a reading of 82.5 in the previous month, missing expectations for rise to 83.0. As a result, EUR/USD rebounded slightly from a 5-month low, while USD/CHF tested the strength of the strong resistance zone. What happened at the same time with other currency pairs? What is their current outlook?

  • Forex Trading Alert: Negative Signs for USD/JPY

    July 17, 2014, 4:26 PM

    Earlier today, the U.S. dollar moved lower after news that a Malaysian Airlines plane crash near the Russia-Ukraine border, which fueled fears that the crisis between countries will escalate. These circumstances encouraged investors to abandon the dollar and buy safe-haven assets such as gold. As a result USD/JPY declined sharply and erased most of the recent rally. Will we see further deterioration in the coming days?

  • Forex Trading Alert: Recent Rally in USD/CAD - Significant Improvement or Just a Bigger Upswing?

    July 16, 2014, 4:22 PM

    Earlier today, the U.S. dollar climbed to a fresh 3-week high against its Canadian counterpart after the Bank of Canada left its overnight cash rate unchanged at 1%. Thanks to this news USD/CAD reached an important resistance line. Will it stop the rally?

  • Forex Trading Alert: Can We Expect Further Rally in USD/CAD?

    July 15, 2014, 5:08 PM

    Earlier today, the U.S. dollar hit a three-week high against its Canadian counterpart after Federal Reserve Chair Janet Yellen testimony in Congress. Will the exchange rate climb above 1.0800?

  • Forex Trading Alert: EUR/USD Meets Resistance Zone

    July 14, 2014, 3:41 PM

    Earlier today, the greenback moved lower against the common currency as investors jumped to the sidelines awaiting for Federal Reserve Chair Janet Yellen's two-day congressional testimony on Tuesday and Wednesday. Because of these circumstances, EUR/USD extended gains and climbed to the strong resistance zone. So far, it holds, but is it strong enough to stop further improvement?

  • Forex Trading Alert: What’s Next for Major Currencies Against the Dollar?

    July 11, 2014, 3:45 PM

    Earlier today, official data showed that the number of employed people in Canada declined by 9,400 in June, missing expectations for a 20,000 rise. Additionally, Canada's unemployment rate rose to 7.1% in June, from 7.0% in the previous month. As a result, the greenback shot up against Canadian dollar and the USD/CAD pair invalidated the breakdown below the medium-term resistance line. What happened at the same time with other currency pairs? What is their current outlook?

  • Forex Trading Alert: AUD/USD – Bullish or Bearish Rollercoaster?

    July 10, 2014, 1:32 PM

    Earlier today, official data showed that the number of employed people in Australia increased by 15,900 in the previous month, beating expectations for an increase of 12,000. Despite this bullish news, the report also showed that Australia's unemployment rate climbed to 6.0% in June from 5.9% in May, missing analysts expectations. These mixed economic reports pushed the Australian dollar lower against its U.S. counterpart and AUD/USD invalidated a breakout above the resistance line. Did this move change the short-term outlook?

  • Forex Trading Alert: EUR/USD – At Crossroads

    July 9, 2014, 4:52 PM

    The common currency moved higher against the U.S. dollar after the Federal Reserve said in the minutes of the monetary policy meeting that its stimulus program should end likely in October. As a result, EUR/USD increased to a very important resistance area. What could happen if it stopped currency bulls’ charge?

  • Forex Trading Alert: Euro and Australian Dollar Increase - What About Pound?

    July 8, 2014, 2:11 PM

    Earlier today, the British pound declined against the U.S. dollar after data showed that overall industrial production was down 0.7%, while manufacturing production fell 1.3% in May, missing expectations for a gain of 0.4%. Because of this largest decline since January 2013, GBP/USD hit a fresh July low of 1.7084. Will we see an invalidation of the breakout above the 2009 high in the coming days?

  • Forex Trading Alert: The Next Short Term USD/CAD Move: North or South?

    July 7, 2014, 3:13 PM

    Earlier today, the Canadian dollar touched session highs against its U.S. counterpart after data showed that Canadian building permits rose 13.8% in May, well above expectations for a 3.1% increase. What impact did these better-than-expected numbers have on USD/CAD? Did they change the pair’s short-term outlook?

  • Forex Trading Alert: EUR/USD – Bigger Pullback or Something More?

    July 3, 2014, 2:28 PM

    Earlier today, the euro moved lower against the greenback after the U.S. Department of Labor reported that non-farm payrolls rose by 288,000 in June, beating expectations for an increase of 212,000. Meanwhile, the unemployment rate dropped to 6.1% from 6.3% in May. Thanks to these better-than-expected numbers, EUR/USD declined sharply and dropped below the short-term support. What impact could it have on future moves?

  • Forex Trading Alert: EUR/USD – Is This The End of The Recent Rally?

    July 2, 2014, 4:55 PM

    The common currency moved lower against the U.S. dollar after the ADP nonfarm payrolls report showed that the U.S private sector added 281,000 jobs last month, beating expectations for an increase of 200,000. As a result, EUR/USD invalidated yesterday’s breakout and declined to its initial downside target. Will we see further deterioration?

  • Forex Trading Alert: Will AUD/USD Continue the Rally?

    July 1, 2014, 8:06 AM

    The Reserve Bank of Australia left interest rates unchanged at a record low of 2.5%, which pushed the Australian dollar to a seven month high against its U.S. counterpart earlier today. Thanks to this news AUD/USD climbed temporarily above important resistances, but will currency bulls be strong enough to hold gained levels?

  • Forex Trading Alert: EUR/USD Is Increasing, But for How Long?

    June 30, 2014, 2:49 PM

    Earlier today, the greenback moved lower against the common currency after industry data showed that the Chicago purchasing managers’ index declined to 62.6 in June from 65.5 in May, missing expectations for a 63.0 reading. Thanks to these numbers, EUR/USD increased sharply, breaking above its strong resistance zone. Are there any bearish technical factors that could stop today’s rally?

  • Forex Trading Alert: What’s Next for Major Currencies Against the Dollar?

    June 27, 2014, 3:27 PM

    Although the Thomson Reuters/University of Michigan consumer sentiment index increased to 82.5 in June from 81.2 in May (beating expectations for a 82.2 reading), the U.S. dollar moved lower against major currency pairs as market participants bet that the Federal Reserve will keep interest rates low until 2015. Because of these circumstances, EUR/USD reached its important resistance, while USD/CAD dropped below the long-term support line. What impact did these fundamental factors have on other currency pairs and their outlook?

  • Forex Trading Alert: USD/CAD – At Key Support Lines

    June 26, 2014, 5:04 PM

    Today, the U.S. dollar declined to a fresh five-and-a-half month low against its Canadian counterpart as yesterday’s disappointing U.S. gross domestic product data continued to weigh. With this downswing USD/CAD dropped to key support lines. Will they withstand the selling pressure?

  • Forex Trading Alert: GBP/USD – Currency Bears Do Not Give Up

    June 25, 2014, 7:20 AM

    Today, sterling extended losses from the previous session as yesterday’s Bank of England Governor testimony and better-than-expected consumer confidence and housing data still support the greenback. In this way, GBP/USD declined to its lowest level since June 18. Will it drop to 1.6900 in the near future?

  • Forex Trading Alert: GBP/USD – Another Fakeout

    June 24, 2014, 12:41 PM

    Earlier today, the British pound declined sharply against the greenback after Bank of England Governor Mark Carney testimony. Later in the day, sterling extended losses after data showed that Conference Board consumer confidence index jumped to 85.2 this month from 83.0 in May (it’s worth noting that this was the highest reading since January 2008), while the number of new home sales also rose to a six-year high, increasing 18.6% in May ( the highest level since May 2008 and the largest monthly increase since January 1992). These strong bullish numbers boosted the U.S. dollar and triggered a sharp decline in the GBP/USD pair. Where could the exchange rate drop after another fakeout?

  • Forex Trading Alert: USD/CAD - More Weakness on the Way?

    June 23, 2014, 2:45 PM

    Earlier today, the U.S. dollar declined to a fresh five-and-a-half month low against its Canadian counterpart as upbeat Canadian data on inflation and retail sales released on Friday continued to weigh. As a result USD/CAD declined below the 50% Fibonacci retracement, approaching an important long-term support line. Will it manage to trigger a corrective upswing in the near future?

  • Forex Trading Alert: What’s Next for Major Currencies Against the Dollar?

    June 20, 2014, 1:04 PM

    Earlier today, the data showed that retail sales in Canada rose 1.1% in April, beating expectations for a 0.4% gain. Additionally, core retail sales, without automobiles, increased by 0.7% in April, while analysts had expected a 0.4% rise. A separate report showed that CPI in Canada rose 0.5% in May, above expectations for a 0.2% gain. On top of that, core consumer price inflation, without the eight most volatile items, increased 0.5% in the previous month, beating expectations for a 0.2% gain. As a result, the U.S. dollar declined to a five-and-a-half-month low against its Canadian counterpart. What happened at the same time with other major currency pairs? Did their short-term outlook change since the beginning of the week?

  • Forex Trading Alert: AUD/USD – Breakout or Fakeout?

    June 19, 2014, 4:47 AM

    Yesterday, the Australian dollar moved higher against its U.S. counterpart after the Federal Reserve indicated that interest rates will remain low for a considerable time after the bank’s asset purchase program ends. Thanks to this news AUD/USD rebounded sharply, invalidating earlier breakdown and breaking above the resistance zone. Will we see further improvement in the near future?

  • Forex Trading Alert: Will GBP/USD Correct to 1,6880?

    June 18, 2014, 8:46 AM

    The minutes of the Bank of England showed that the monetary policy committee voted unanimously to leave interest rates on hold at their record low of 0.5% in June. As a result, the British pound moved lower against the U.S. dollar, declining below yesterday’s low. Will we see further deterioration and a drop to the nearest Fibonacci retracement?

  • Forex Trading Alert: AUD/USD - The News Is Negative

    June 17, 2014, 4:08 PM

    Earlier today, the Australian dollar declined against its U.S. counterpart after the Reserve Bank of Australia comments. Later in the day, we saw further deterioration as the Labor Department reported that the U.S. CPI rose 2.1% on year in May (and 0.4% from April). This the fastest increase in annual inflation since October 2008 sparked demand for the greenback and pushed AUD/USD below two important support lines. How low could the exchange rate drop from here?

  • Forex Trading Alert: EUR/USD - More Strength on the Way?

    June 16, 2014, 12:40 PM

    Earlier today, the Federal Reserve Bank of New York reported that manufacturing activity in the Empire state expanded more quickly than expected this month. Additionally, U.S. industrial production rose by a seasonally adjusted 0.6% last month, beating forecasts for a 0.5% gain. Despite these numbers, the greenback moved lower against the euro as concerns over the conflict in Iraq overweighed this positive news. In this way, the common currency climbed to its important upside target. Will we see a breakout in the near future?

  • Forex Trading Alert: What’s Next for Major Currencies Against the Dollar?

    June 13, 2014, 4:22 PM

    Today, the U.S. currency moved higher against major currencies after official data showed that U.S. producer price inflation fell 0.2% in May, beating expectations for a 0.1% rise. Core producer price inflation (without food, energy and trade) slipped 0.1% last month, compared to expectations of 0.1% gain. As a result, EUR/USD declined to its major support lines, AUD/USD invalidated the breakout above the resistance zone, while USD/JPY erased all yesterday’s losses. How did these numbers influenced technical picture of other major currency pairs?

  • Forex Trading Alert: AUD/USD – For The Currency Bulls or Bears?

    June 12, 2014, 11:04 AM

    Official data showed that the number of employed people in Australia declined by 4,800 in the previous month, contrary to expectations of a 10,000 rise. Thanks to these disappointing numbers, the Australian dollar declined against its U.S. counterpart, reaching an important medium-term support. Later in the day, AUD/USD rebounded from here, supported by mixed U.S. economic data. As a result, the pair broke above the resistance zone, but is the situation as bullish as it seems at the first glance?

  • Forex Trading Alert: EUR/USD – Battle of the Support Line. Who Will Win?

    June 11, 2014, 2:21 PM

    Today, the common currency extended losses and approached the four-month low against the greenback as higher U.S. Treasury yields continued to weigh. Thanks to these circumstances, EUR/USD re-tested the strength of the medium-term support line. Will it withstand the selling pressure?

  • Forex Trading Alert: EUR/USD – Currency Bears in Charge

    June 10, 2014, 2:50 PM

    Today, the common currency continued to move lower against the greenback as Treasury yields in the U.S. continued to rise. In reaction to this, EUR/USD declined below 1.3600 and reached important support lines. Will they stop currency bears?

  • Forex Trading Alert: The USD Index – Long- Medium- and Short-term Outlooks

    June 9, 2014, 3:31 PM

    In today’s Forex Trading Alert we have decided to take a step back from our daily coverage of selected currency pairs (basically, what we wrote in the latest big alert that was posted on Friday remains up-to-date) and focus on the index that quite often decides where many pairs will move – the USD Index.

  • Forex Trading Alert: What’s Next for Major Currencies Against the Dollar?

    June 6, 2014, 3:37 PM

    The greenback moved higher against major currencies after the U.S. Labor Department reported that the economy added 217,000 in May, missing slightly expectations for a 218,000 gain. The private sector added 216,000 jobs last month, beating expectations for a 210,000 increase. The report also showed that the U.S. unemployment rate remained unchanged at 6.3% last month, compared to expectations for a rise to 6.4%. As a result, EUR/USD hit a 17-week low, GBP/USD invalidated the breakout , while AUD/USD reversed to its medium-trm support. How did these numbers influenced technical picture of other major currency pairs?

  • Forex Trading Alert: Consolidation in EUR/USD – Sign of Strength or Last Breath Before Further Deterioration?

    June 5, 2014, 10:42 AM

    Earlier today, official data showed that retail sales in the euro zone rose 0.4% in April, beating expectations of a 0.1% uptick. Additionally, a separate report showed that German factory orders rose 3.1% in April, well above expectations for a 1.3% increase, after a 2.8% decline the previous month. Thanks to this news, EUR/USD rebounded from the previous session’s low. Does this upswing change the very short-term outlook?

  • Forex Trading Alert: USD/CAD – Breakout or Fakeout?

    June 4, 2014, 2:22 PM

    Earlier today, the U.S. dollar moved higher against its Canadian counterpart after the Bank of Canada left its interest rates unchanged. Additionally, official data showed that Canada's trade balance swung into a deficit of C$0.64 billion in April (while analysts had expected the trade surplus to narrow to C$0.10 billion), which also had a negative impact on the loonie. Thanks to these circumstances, USD/CAD climbed to a one-month high, breaking above an important resistance level. Will we see further rally in the near future?

  • Forex Trading Alert: AUD/USD – One-day Rally or Something More?

    June 3, 2014, 7:54 AM

    Earlier today, the Australian dollar rebounded against the greenback after the Reserve Bank of Australia kept its cash rate steady at a record low 2.5%. Thanks to this news, AUD/USD bounced off the support zone, hitting an intraday high of 0.9285. Did this rally change the very short-term picture?

  • Forex Trading Alert: EUR/USD – Time for a Recovery?

    June 2, 2014, 1:23 PM

    Earlier today, the Institute of Supply Management reported that its manufacturing PMI ticked down to 53.2 in the previous month, missing expectations for a rise to 55.5. Despite this disappointing data, the common currency remains under pressure as forex traders remains cautious ahead of the European Central Bank's monthly policy meeting later this week. Because of these circumstances, EUR/USD is still trading between the support and resistance zone. Which of them will be stronger and trigger another sizable move?

  • Forex Trading Alert: What’s Next for Major Currencies Against the Dollar?

    May 30, 2014, 4:28 PM

    Earlier today, the euro moved higher against the U.S. dollar after the release of mixed consumer sentiment and personal spending reports, approaching the previously-broken resistance. Meanwhile, USD/CHF moved lower, breaking below important support line. What impact did these moves have on the short-term outlook? Did they weighed on the medium-term picture?

  • Forex Trading Alert: Will GBP/USD Plunge Again?

    May 29, 2014, 11:12 AM

    Earlier today, the Bureau of Economic Analysis reported that U.S. gross domestic product in the first quarter declined for the first time since the first quarter of 2011. Despite this bearish data, the report also showed that consumer spending increased by 3.1%, indicating that economic activity has rebounded. Additionally, the Department of Labor showed in its weekly report that initial claims for jobless benefits in the U.S. last week fell by 27,000 to 300,000, beating expectations for a decline of 9,000. Thanks to these better-than-expected numbers, the U.S. dollar bounced off the session low, pushing the British pound below the 50% Fibonacci retracement once again. Will this decline trigger further deterioration?

  • Forex Trading Alert: GBP/USD - Will It Correct to 1,6700?

    May 28, 2014, 10:02 AM

    Earlier today, the Confederation of British Industry showed that U.K. retail sales slowed this month, declining to 16.0 from 30.0 in April. In reaction to this disappointing data, the pound dropped to a 2-week low against the U.S. dollar and broke below major support. What’s next? Will we see GBP/USD around 1.6700 in the coming days?

  • Forex Trading Alert: EUR/USD – Currency Bears are Still in Charge

    May 27, 2014, 1:37 PM

    The euro declined against the U.S. dollar as positive housing and consumer confidence data supported the greenback. Earlier today, the Commerce Department reported that core durable goods orders (without volatile transportation items) increase 0.1% in April, missing expectations for a 0.3% increase. Despite this disappointing data, U.S. durable goods orders rose 0.8% in the previous month, beating expectations for a 0.5% fall. Additionally, the Conference Board reported that its consumer confidence index rose to 83.0 this month from 81.7 in April, while the Standard & Poor’s/ Case-Shiller house price index rose 12.4% in March from a year earlier, above expectations for a gain of 11.8%. Thanks to these solid numbers, the common currency dropped to its nearest support zone. Will it withstand the selling pressure once again?

  • Forex Trading Alert: What’s Next for Major Currencies Against the Dollar?

    May 23, 2014, 11:10 AM

    Earlier today the euro extended losses, hitting a fresh over 3-month low against the U.S dollar as yesterday’s disappointing euro zone data continued to weigh. Meanwhile, USD/JPY and USD/CHF moved higher, breaking above important resistance lines. What impact did these moves have on the short-term outlook? Did they weighed on the medium-term picture?

  • Forex Trading Alert: AUD/USD - Keep Focused

    May 22, 2014, 1:12 PM

    Earlier today, the Melbourne Institute reported that inflation expectations for the next 12 months rose in April to 4.4% in April (from 4.2% in March), which supported the Aussie. Additionally, positive manufacturing data from Australia's biggest export partner – China pushed the Australian dollar higher against its U.S. counterpart. As a result, AUD/USD climbed above the medium-term support/resistance line. However, in the following hours the pair reversed and declined. What does this show of strength mean for the short-term picture?

  • Forex Trading Alert: USD/JPY – Breakdown or Rebound?

    May 21, 2014, 10:42 AM

    Earlier today, the Bank of Japan left monetary policy on hold (the central bank will continue to expand the monetary base at a pace of ¥60 trillion to ¥70 trillion per year), refraining from enlarging its stimulus program. Additionally, official data showed that Japan’s trade deficit narrowed to ¥808.9 billion, compared to a forecast of a deficit of ¥640.0 billion. In reaction to this news, the U.S. dollar hit a 3-1/2 month low against yen and declined below its nearest support level, approaching the February low. What’s next? Breakdown or rebound?

  • Forex Trading Alert: AUD/USD - Double Trouble

    May 20, 2014, 10:20 AM

    Earlier today, the minutes of the RBA's May policy meeting showed that the bank plans to hold interest rates at record lows for an extended period of time. Additionally, the Conference Board reported that its index for Australia was flat in March, after a 0.2% rise in February. In reaction to this disappointing news, the Australian dollar dropped to a 2-week low against its U.S. counterpart, declining below two important support levels. Does this mean that investors’ sentiment is deteriorating and we’ll see AUD/USD lower?

  • Forex Trading Alert: USD/JPY - More Weakness on the Way?

    May 19, 2014, 3:24 PM

    On Friday, the greenback shuffled between gains and losses as investors weighed mixed U.S. economic reports. Although upbeat numbers from the housing sector gave the U.S. currency support, another report softened the U.S. dollar, showing that consumer confidence in the U.S. deteriorated in May. Thanks to these circumstances, investors avoided the greenback today and remained cautious ahead of the Wednesday release of the Federal Reserve's minutes. As a result, the U.S. currency declined to a 3-month low against the yen and approached its next support. Will it withstand bears’ charge?

  • Forex Trading Alert: What’s Next for Major Currencies Against the Dollar?

    May 16, 2014, 4:27 PM

    Earlier today, the greenback shuffled between gains and losses as investors weighed mixed U.S. economic reports. On one hand, the preliminary Thomson Reuters/University of Michigan consumer sentiment index fell to 81.8 in May from 84.1 in April, missing market expectations for a 84.5 reading, which softened the U.S. currency. On the other hand, better-than-expected numbers from the housing sector gave the greenback support. The Census Bureau reported that U.S. building permits rose 8% to 1.080 million units last month (while analysts had expected an increase to 1.010 million units in April) and housing starts rose to 1.072 million units in April, beating expectations of 980,000 gain. As a result, major currency pairs were little changed. Is it calm before the storm?

  • Forex Trading Alert: EUR/USD – Currency Bears in Charge

    May 15, 2014, 3:14 PM

    Earlier today, the combination of positive economic indicators in the U.S. pushed the euro to a 11-week low against the greenback. Thanks to this news, EUR/USD slipped to important support levels. Will they withstand the selling pressure and trigger a corrective upswing in the following days? Or maybe today’s show of weakness means that the worst for the common currency is not behind us?

  • Forex Trading Alert: Will AUD/USD Plunge Again?

    May 14, 2014, 1:19 PM

    On Tuesday, Australia's Treasury's budget report showed that the deficit was forecast to fall from A$50 billion to A$30 billion, which pushed the Aussie higher. Earlier today, the Australian dollar extended gains and climbed to 1-month high against its U.S. counterpart. In this way, AUD/USD broke above the nearest resistance zone, approaching April high. Whether the situation is as bullish as it looks at the first glance?

  • Forex Trading Alert: EUR/USD - A Gift for Currency Bears

    May 13, 2014, 4:13 PM

    Earlier today, the ZEW Institute showed that its index of German economic sentiment fell to a 16-month low this month. Additionally, the ZEW Institute reported that its economic sentiment index for the entire euro zone also moved down to 55.2 in May, from a reading of 61.2 the previous month. These disappointing numbers pushed the common currency to a 1-month low against the U.S. dollar. In this way, EUR/USD dropped to its downside target, but is it enough to trigger a corrective upswing?

  • Forex Trading Alert: AUD/USD - Consolidation Or Slowdown?

    May 12, 2014, 3:32 PM

    Although the National Australia Bank reported earlier today that its business confidence index rose to 6 in April (from a reading of 4 in March), the Australian dollar was almost unchanged against its U.S. counterpart. Does this lack of reaction suggest upcoming weakness in AUD/USD?

  • Forex Trading Alert: What’s Next for Major Currencies Against the Dollar?

    May 9, 2014, 4:13 PM

    Today, the U.S. dollar moved higher against major currencies as ongoing concerns over tensions in Ukraine and upbeat U.S. jobless claims data released yesterday supported the greenback. As a result, EUR/USD declined sharply, breaking below its initial downside targets, while GBP/USD dropped below major medium-term support. Additionally, the Australian dollar slipped under the key resistance zone. Does this show of weakness mean that the worst for the U.S. currency is behind us? Where the major currency pairs head in the coming week?

  • Forex Trading Alert: High Volatility in the EUR/USD Pair

    May 8, 2014, 4:20 PM

    Earlier today, the euro moved higher after the European Central Bank left its benchmark interest rate unchanged at the record low of 0.25%. However, an acceleration of the rally came after U.S. Department of Labor showed that initial claims for jobless benefits in the week ending May 3 fell more than expected. Thanks to these disappointing numbers, EUR/USD hit a fresh 2014 high and approached the key level of 1.4000. Despite this improvement, the exchange rate reversed quickly and declined, erasing all earlier gains. Does this sharp drop suggest that the uptrend might be over?

  • Forex Trading Alert: Another Sell Signal Approaching

    May 7, 2014, 2:10 PM

    On Tuesday, the common currency hit a 8-week high against the U.S. dollar as the combination of the euro zone's service-sector PMI, better-than-expected retail sales and disappointing U.S. trade data weighted on the exchange rate. In reaction to these circumstances, EUR/USD approached the annual high and is currently trading in the narrow range. What’s next? Will the USD Index give us any interesting clues?

  • Forex Trading Alert: Disappointing U.S. Data and Its Implications for Greenback’s Counterparts

    May 6, 2014, 3:54 PM

    Earlier today, the U.S. dollar moved lower against its Canadian and Australian counterparts after official data showed that the U.S. trade deficit narrowed to $40.38 billion in March, from $41.87 billion in February, missing analysts expectations. In reaction to this news AUD/USD and USD/CAD moved sharply and approached their important levels. Did these circumstances change the outlook for both currency pairs?

  • Forex Trading Alert: EUR/USD – Final Pause Before Big Price Swings

    May 5, 2014, 3:54 PM

    Earlier today, the Institute of Supply Management showed that its non-manufacturing purchasing managers' index climbed to a 5-month high of 55.2 in the previous month, beating expectations for an increase to 54.1. As it turned out, this strong U.S. service sector data did little to weaken the common currency. Basically, today’s session in the EUR/USD exchange rate can be described as “flat”. This doesn’t mean that the next big move is not on the horizon – the opposite seems to be the case.

  • Forex Trading Alert: Plunging Euro and Rising Dollar or Vice Versa?

    May 2, 2014, 1:21 PM

    Earlier today, the U.S. dollar moved higher against the common currency after strong U.S. employment data. The Labor Department showed that the U.S. economy added 288,000 jobs in the previous month, well above expectations for a 210,000 increase. The report also showed that the U.S. unemployment rate dropped to 6.3% in April, while analysts had expected a fall to 6.6%. In reaction to these better-than-expected numbers, the euro declined sharply, approaching its important support. Will history repeat itself once again?

  • Forex Trading Alert: USD/CHF – Strong Bearish Action

    April 30, 2014, 2:50 PM

    Earlier today, the U.S. currency moved lower after data showed that U.S. gross domestic product rose at an annual rate of 0.1% in the first quarter, well below expectations for a 1.2% growth. In reaction to this, the greenback declined sharply against the Swiss franc and reached the long-term support line once again. Will it withstand the selling pressure in the following days?

  • Forex Trading Alert: EUR/USD – Will Another Fakeout Trigger a Sizable Move?

    April 29, 2014, 12:05 PM

    Earlier today, the euro declined sharply from almost two-week high against the U.S. dollar after preliminary data showed that German consumer prices fell 0.2% this month, and increased 1.3% on a year-over-year basis (while analysts had expected a monthly decline of 0.1% and an annual increase of 1.4%). Did this weakness change anything in the short-term outlook?

  • Forex Trading Alert: Taking Advantage of USD Index’s Movement

    April 28, 2014, 4:26 PM

    Earlier today, the U.S. dollar moved higher against major currencies after data showed that U.S. pending home sales rose for the first time in nine months in March. The currency exchange rates that together create the USD Index contributed in different ways. One of them even currently provides a trading opportunity in our view. Which one? Let’s take a closer look.

  • Forex Trading Alert: GBP/USD - Ready for New High?

    April 25, 2014, 11:03 AM

    Earlier today, the British pound moved higher against the U.S. dollar after data showed that U.K. retail sales rose 0.1% in March, beating expectations for a 0.4% drop. Despite these encouraging numbers, GBP/USD is still trading between the medium-term support and the 2014 high. Are there any technical factors that could drive the exchange rate higher or lower in the near future?

  • Forex Trading Alert: U.S. Dollar’s Increase and Its Implications for AUD/USD

    April 24, 2014, 4:02 PM

    Earlier today, U.S. dollar increased against major currencies after the Commerce Department showed that U.S. orders for long lasting manufactured goods rose 2.6% in March, beating expectations for a 2% gain. Additionally, core durable goods orders (without volatile transportation items) increased 2% in the previous month, well above forecasts for a 0.6% gain. Because of these better-than-expected numbers, AUD/USD broke below important support lines. Does this drop change the outlook for the exchange rate?

  • Forex Trading Alert: Weak U.S. Housing Data Supports Euro

    April 23, 2014, 3:14 PM

    Earlier today, the common currency moved higher against the U.S. dollar after data showed that the euro zone manufacturing PMI rose to 53.3 in April from 53.0 in the previous month (while analysts had expected an unchanged reading). Later in the day, the Commerce Department showed that sales on new homes dropped 14.5%, which supported the euro as well. Whether these positive numbers are in line with the technical picture of EUR/USD?

  • Forex Trading Alert: Is Consolidation in EUR/USD a Sign of Strength?

    April 22, 2014, 3:13 PM

    Earlier today, the euro moved lower against the U.S. dollar after data showed that existing home sales fell by 0.2% in the previous month to 4.59 million units, beating expectations for 4.55 million units. In reaction to this, the common currency approached an important support line once again. What impact could it have on future price moves?

  • Forex Trading Alert: GBP/USD – Trend Reversal or Just a Pullback?

    April 18, 2014, 12:22 PM

    Yesterday, the British pound declined against the U.S. dollar and invalidated the breakout above the previous 2014 high. This was a bearish signal and we have seen its effects earlier today as GBP/USD extended losses. Does this mean that investor sentiment waned? Could we see a sizable downswing in the near future?

  • Forex Trading Alert: GBP/USD – Breakout or Fakeout?

    April 17, 2014, 4:00 PM

    Earlier today, the British pound extended gains and hit a 4-1/2 year high against the greenback as upbeat U.K. employment data released on Wednesday still weighted on the pair. Thanks to these circumstances, GBP/USD broke above the important resistance zone. Despite this bullish sign, the exchange rate reversed. Will the buyers manage to close the day above the previous 2014 high?

  • Forex Trading Alert: Will GBP/USD Climb Any Further?

    April 16, 2014, 2:04 PM

    Earlier today, the British pound rebounded sharply after data showed that the U.K. unemployment rate drop to a five year low of 6.9% in the three months to February. In reaction to this, GBP/USD almost touched a 4-year high. Will we see further rally or rather a triple top?

  • Forex Trading Alert: EUR/USD – Battle of the Support Line. Who Will Win?

    April 15, 2014, 4:02 PM

    The common currency declined against the U.S. dollar after stronger-than-expected U.S. economic data. Earlier today, the Labor Department showed that the CPI rose 0.2% in March (above expectations for a 0.1% increase), while the core consumer price index (without volatile food and energy items) rose 0.2% last month (also above forecast of a 0.1% gain). Thanks to these better-than-expected numbers, the exchange rate tested the strength of the major support line. Will it stop sellers?

  • Forex Trading Alert: GBP/USD – The First Downside Target Reached. What’s next?

    April 14, 2014, 3:48 PM

    Earlier today, the British pound moved lower against the U.S. dollar after data showed that retail sales rose 1.1% in March (above expectations for a 0.8% rise) and core retail sales (without automobiles) rose 0.7% last month (analysts had expected 0.5% increase). Thanks to these better-than-expected numbers, cable declined to its initial downside target. What’s next? Will it drop any further?

  • Forex Trading Alert: Is EUR/USD Ready for Further Growth?

    April 11, 2014, 3:19 PM

    Earlier today, the common currency moved higher against the U.S. dollar boosted by Greece's successful return to the financial markets. Despite this positive fundamental factor, the EUR/USD pair remains below the resistance zone. What’s next?

  • Forex Trading Alert: GBP/USD - Double Top or Further Rally?

    April 10, 2014, 2:32 PM

    Earlier today, the greenback moved higher against the British pound after better-than-expected jobless claims data, which showed that the number of people filing for initial jobless benefits in the week ending April 4 declined to an almost seven year low. Will this drop in British currency trigger a bigger correction? What is the technical picture of cable? We invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: AUD/USD Breaks Above Resistance – Will Other Pairs Follow?

    April 8, 2014, 4:04 PM

    Similarly to what we saw yesterday, the greenback declined against major currencies as it remained under pressure ahead of tomorrow Federal Reserve minutes. Thanks to this drop, the Australian dollar broke above the previous 2014 high. Will this breakout be confirmed? Will AUD/USD rally much further? If you want to know our take on these questions, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Moves Lower

    April 7, 2014, 3:57 PM

    Earlier today, the U.S. currency extended declines against the Swiss franc and invalidated Friday’s breakout. Is it as bearish as it seems at first glance? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Remains Mixed

    April 4, 2014, 12:22 PM

    The U.S. currency moved higher and then reversed sharply after the Labor Department showed that the U.S. economy added 192,000 jobs in March, missing expectations for a 200,000 increase. The report also showed that the unemployment rate remained unchanged at 6.7% in the previous month (also below expectations for a drop to 6.6%). What impact did it have on major currency pairs? What is their current outlook? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Extends Gains

    April 3, 2014, 3:10 PM

    Earlier today, the U.S. currency moved higher against the euro as the European Central Bank left its benchmark interest rate unchanged (at a record-low 0.25%) and later ECB President Mario Draghi comments weighted on the common currency. What happened with other currency pairs? What is their current outlook? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Rebounds

    April 2, 2014, 2:37 PM

    Earlier today, the U.S. currency moved higher against major currencies after the ADP report showed that the U.S. private sector added 191,000 jobs in March (slightly below expectations for an increase of 195,000). In the following hours, the greenback extended gains after the Commerce Department showed that U.S. factory orders increased 1.6% in February (above forecasts for a 1.2% rise). What impact did it have on major currency pairs? What is their current outlook? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Remains Mixed

    April 1, 2014, 7:55 AM

    Earlier today, the U.S. currency moved higher against the British pound after data showed that U.K. manufacturing PMI fell to an eight-month low of 55.3 in March (from 56.2 in February), while analysts had expected an increase to 56.7. Meanwhile, the U.S. dollar declined against its Australian counterpart after the Reserve Bank of Australia left interest rates unchanged. Will today’s U.S. economic reports support the greenback later in the trading day? Before we know the answer to this question, let’s take a look at the current situation in major currency pairs. We invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Gives Up Earlier Gains

    March 31, 2014, 3:10 PM

    The U.S. currency moved lower after data showed that the Chicago PMI fell to 55.9 in March (from 59.8 in February), while analysts had expected a drop to 59.0 this month. Additionally, the greenback extended losses after Federal Reserve Chair Janet Yellen commentary. Ms. Yellen said that the Fed’s commitment to economic stimulus will still be needed for some time as “considerable slack” still remained in the labor market. What impact did it have on major currency pairs? What is their current outlook? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Mixed After Economic Data

    March 28, 2014, 12:23 PM

    The U.S. currency moved higher after data showed that U.S. personal spending rose 0.3% in February (in line with expectations), while the core PCE price index remained unchanged at 0.1% last month (also in line with expectations). Despite these positive numbers, the greenback gave up some gains after the University of Michigan reported that its consumer sentiment index moved to 80.0 in March, while analysts had expected an increase to 80.5 this month. What impact did it have on major currency pairs? What is their current outlook? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Moves Higher After Solid Economic Data

    March 27, 2014, 1:22 PM

    The U.S. currency moved higher after data showed that U.S. jobless claims declined by 10,000 (while analysts had expected an increase of 4,000) and fell to the lowest level since late November last week. Additionally, official data showed that U.S. economic fourth quarter growth was revised up to 2.6% from a preliminary estimate of 2.4%. What impact did it have on major currency pairs? What is their current outlook? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Remains Steady

    March 26, 2014, 4:05 PM

    Earlier today, the U.S. currency moved higher after the Commerce Department showed stronger-than-expected data on U.S. durable goods orders, which rose 2.2% last month (above expectations for a 1% increase). Meanwhile, core durable goods orders (without transportation items) moved up 0.2%, slightly below forecasts for a 0.3% gain. What impact did it have on major currency pairs? What is their current outlook? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Remains Steady

    March 25, 2014, 12:14 PM

    Earlier today, the U.S. currency moved higher after the Conference Board showed that its index of consumer confidence climbed to 82.3 in March (the highest level since January 2008). Despite this positive data, the greenback reversed after the Commerce Department reported that new home sales fell by 3.3% in February to the weakest level since last September, suggesting continued weakness in the housing sector. What impact did it have on major currency pairs? What is their current outlook? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Moves Higher

    March 24, 2014, 2:51 PM

    Earlier today, the greenback moved higher against the euro after data showed that the preliminary reading of Germany’s manufacturing PMI dropped to a four-month low of 53.8 in March (below forecasts of 54.6). What happened with other currency pairs? What is their current outlook? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Erases Earlier Gains

    March 21, 2014, 1:28 PM

    Earlier today, the greenback moved lower against the Canadian dollar after the release of better-than-expected Canadian inflation and retail sales data. What happened with other currency pairs? What is their current outlook? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Extends Gains After Jobless Claims Data

    March 20, 2014, 4:41 PM

    The U.S. dollar moved higher against major currency pairs after better-than-expected initial jobless claims data. Earlier today, the Department of Labor showed in its report that initial claims for jobless benefits in the week ending March 15 rose by 5,000 to 320,000 from the previous week’s total of 315,000 000, while analysts had expected an increase of 10,000. What impact did it have on major currency pairs? What is their current outlook? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Extends Gains

    March 19, 2014, 4:21 PM

    The U.S. dollar moved higher against major currency pairs after the Fed said it would reduce its monthly bond purchases by another $10 billion a month in April, to $55 billion. What impact did it have on major currency pairs? What is their current outlook? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Rebounds Slightly

    March 18, 2014, 12:57 PM

    Earlier today, the U.S. dollar increased against the British pound to nearly five-week high after U.S. economic data, which showed that the number of building permits issued in the U.S. rose to a four-month high in February, rebounding after a sharp drop in January. What impact did it have on major currency pairs? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Declines After Disappointing U.S. Data

    March 17, 2014, 1:52 PM

    Earlier today, the U.S. dollar dropped after disappointing U.S. manufacturing activity data. The Federal Reserve Bank of New York said that its Empire State manufacturing index moved higher to 5.6 this month, from a reading of 4.5 in February, missing expectations for a rise to 6. Although today’s data also showed that U.S. industrial production rose 0.6% in February (beating expectations for a 0.1% increase), the greenback extended losses and approached its monthly low once again. What impact did it have on major currency pairs? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Drops After Disappointing U.S. Data

    March 14, 2014, 3:27 PM

    The U.S. dollar reversed and approached the monthly low after disappointing consumer sentiment data. Earlier today, the Thomson Reuters/University of Michigan preliminary consumer sentiment index fell to 79.9 for March, from 81.6 in the previous month (well below expectations for a rise to 82.0). Additionally, the U.S. producer price index fell 0.1% in February (also below expectations for a 0.2% rise), while core producer price inflation (which excludes food, energy and trade) slipped 0.2% last month (also below expectations for a 0.1% rise). What impact did it have on major currency pairs? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Gains After Initial Jobless Claims Data

    March 13, 2014, 2:58 PM

    The U.S. dollar rebounded from a fresh 2014 low after stronger-than-expected data on U.S. retail sales and initial jobless claims. The Commerce Department reported that retail sales rose 0.3% in February (above expectations for an increase of 0.2%), while the Department of Labor showed in its report that initial claims for jobless benefits decreased by 9,000 (while analysts had expected an increase of 6,000) to a three month low of 315,000 last week. What impact did it have on major currency pairs? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Remains Mixed Against Major Currencies

    March 12, 2014, 3:21 PM

    Earlier today, the U.S. dollar increased to a two-week high against its Canadian counterpart, but declined to a fresh 2014 low against the Swiss franc. What happened with other currency pairs? What is their current outlook? We invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Mixed Against Major Currencies

    March 10, 2014, 1:19 PM

    The U.S. dollar climbed to a one-week high against its Canadian counterpart earlier today. The greenback also moved higher against the Australian dollar as weaker-than-expected Chinese economic data (released over the weekend) weighed on the Australian currency. What happened with other currency pairs? What is their current outlook? We invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Rebounds

    March 7, 2014, 11:32 AM

    The U.S. dollar erased some losses against major currencies after stronger-than-expected U.S. employment data, which showed that the economy added 175,000 jobs in February (well above expectations for a 149,000 increase). Additionally, the U.S. private sector added 162,000 jobs last month (beating expectations for a 154,000 rise). What impact did it have on major currency pairs? What is their current outlook? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Declines Sharply

    March 6, 2014, 2:55 PM

    Although better-than-expected U.S. jobless claims data gave the U.S. dollar some support, the greenback declined sharply against the euro after ECB President Mario Draghi confirmed that the bank left its benchmark interest rate unchanged at 0.5% as recent data indicated moderate economic recovery in the euro zone. In this way, the U.S. currency dropped to its lowest level this year against the common currency. What happened with other currency pairs? What is their current outlook? We invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Climbs Higher

    March 5, 2014, 1:07 PM

    Earlier today, the U.S. dollar moved higher against major currencies despite disappointing economic data, which showed that the U.S. private sector added 139,000 jobs in February (below expectations for an increase of 160,000). However, the greenback gave up some gains after the Institute of Supply Management reported that its services purchasing manager's index fell to a 43-month low of 51.6 last month from 54.0 in January (while analysts had expected a drop to 53.5 in February). What impact did it have on major currency pairs? What is their current outlook? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Extends Gains

    March 4, 2014, 10:20 AM

    Earlier today, the U.S. dollar moved higher against major currencies as tensions over the military action in Ukraine eased after Russian President Vladimir Putin statement. What impact did it have on major currency pairs? What is their current outlook? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Erases Losses

    March 3, 2014, 3:11 PM

    Earlier today, the U.S. dollar moved higher after positive economic data. The Commerce Department reported that personal spending rose 0.4% (above expectations for an increase of 0.1%) and personal income rose 0.3% (also above expectations for a 0.2% increase. Additionally, the core PCE price index rose 0.1% in line with expectations. What impact did it have on major currency pairs? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Declines Against Major Currencies

    February 28, 2014, 1:51 PM

    Earlier today, the U.S. dollar declined sharply against the euro after the release of positive euro zone economic reports, which supported demand for the common currency. Later in the day, the greenback extended losses against the euro and dropped to its lowest level since the beginning of the year after preliminary data showed that the U.S. gross domestic product rose 2.4% in the fourth quarter, missing expectations for a 2.5% growth. What happened with other currency pairs? What is their current outlook? We invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Mixed Against Major Currencies

    February 27, 2014, 2:15 PM

    Earlier today, the U.S. currency moved higher after the Commerce Department showed that durable goods orders fell less than expected in January. Additionally, core durable goods orders (without transportation items) rose 1.1% in January, well above forecasts for a 0.3% decline (it was also the largest increase since May). Despite these positive numbers, the greenback gave up the gains and reversed after Federal Reserve Chair Janet Yellen testimony to the Senate banking committee in Washington. What impact did it have on major currency pairs? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Gains

    February 26, 2014, 11:51 AM

    The U.S. dollar extended gains after stronger-than-expected U.S. home sales data. Earlier today, the Commerce Department showed that new home sales rose 9.6% to 468,000 units in January, while analysts had expected a 1% drop to 400,000. What impact did this largest increase in five-and-a-half years has on major currency pairs? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Mixed Against Major Currencies

    February 25, 2014, 11:23 AM

    The U.S. currency declined once again against the euro and approached a seven-week low earlier today. Will today’s U.S. economic reports support the greenback later in the trading day? Before we know the answer to this question, let’s take a look at the current situation in major currency pairs. We invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Mixed Against Major Currencies

    February 24, 2014, 1:28 PM

    Earlier today, the U.S. dollar declined to slightly above a seven-week low against the euro after the IFO German business climate index increased to 111.3 in February, the highest level since mid-2011. However , in the following hours the greenback erased some losses against the common currency. What happened with other currency pairs? What is their current outlook? We invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Mixed Against Major Currencies

    February 21, 2014, 1:16 PM

    The greenback moved lower against the euro after the release of U.S. home sales missed analysts' forecasts. The National Association of Realtors said that U.S. existing home sales declined 5.1% to 4.62 million units last month (while analysts had expected a 4.3% drop to 4.68 million units). What happened with other currency pairs? What is their current outlook? We invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Erases Earlier Losses

    February 20, 2014, 12:21 PM

    The U.S. currency moved higher against the major currencies after solid U.S. economic data. Earlier today, the preliminary U.S. PMI increased to 56.7 in February from a final reading of 53.7 in January (while analysts had expected a drop to 53.0 this month). Additionally, the Labor Department said in its report that initial claims for jobless benefits fell by 3,000 to 336,000 ( slightly below expectations for a decline of 4,000), while U.S. consumer prices rose 1.6% on a year-over-year basis in January and core consumer prices (without food and energy costs) were also up 1.6% on a year-over-year basis (both in line with expectations). What impact did it have on major currency pairs? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Mixed Against Major Currencies

    February 19, 2014, 9:30 AM

    Earlier today, the U.S. dollar was trading slightly above a seven-week low against the euro as yesterday’s weaker-than-expected U.S. data pushed the U.S. currency lower. However, the greenback moved higher against the British pound after data showed that the U.K. unemployment rate unexpectedly ticked higher (while analysts had expected that the jobless rate remain unchanged). Will today’s minutes from the Federal Reserve’s January meeting support the U.S. currency later in the trading day? Before we know the answer to this question, let’s take a look at the current situation in major currency pairs. We invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Declines

    February 18, 2014, 12:50 PM

    The greenback declined against major currencies after the New York Federal Reserve's Empire State index of manufacturing activity for February dropped to 4.48 this month from a 20-month high of 12.51 in January (while analysts had expected the index to decline to 9.00). What impact did it have on major currency pairs? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Remains Mixed

    February 17, 2014, 12:18 PM

    The U.S. currency was little changed near recent lows against major currencies as U.S. markets are shut for the President’s Day holiday and trade volumes remain thin. Nevertheless, it’s worth noting that the greenback declined to a four-year low against the British pound earlier today. What is the current outlook for major currency pairs? We invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Erases Earlier Losses

    February 14, 2014, 12:37 PM

    The U.S. dollar moved little higher against major currencies after a positive U.S. consumer sentiment report. Earlier today, the University of Michigan showed that its consumer sentiment index remained unchanged at 81.2 this month, beating expectations for a fall to 80.6. What impact did it have on major currency pairs? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Declines

    February 13, 2014, 2:13 PM

    The U.S. dollar moved lower against major currencies after weaker-than-expected U.S. retail sales numbers for January and an increase in the number of new unemployment claims. The Commerce Department said that U.S. retail sales fell 0.4% last month (missing expectations for a 0.3% increase), while the Labor Department said in its report that initial claims for jobless benefits rose by 8,000 to 339,000 from the previous week’s total of 331,000 (analysts had expected jobless claims to fall by 1,000). What impact did it have on major currency pairs? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Remains Mixed Against Major Currencies

    February 12, 2014, 3:50 PM

    Earlier today, the U.S. dollar moved higher against the euro after ECB member Benoit Coeure said that the bank is considering a negative deposit rate. The greenback was little changed against the Japanese yen, but declined sharply against the British pound after the Bank of England upgraded its forward guidance on rates. What happened with other major currency pairs? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Remains Mixed Against Major Currencies

    February 11, 2014, 12:12 PM

    The U.S. dollar remains mixed against major currencies after Federal Reserve Chair Janet Yellen signaled that recent soft economic data haven't swayed the central bank from a strategy of trimming its monthly bond purchases by $10 billion at each of its policy meetings this year. What impact did this event have on major currency pairs? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Mixed Against Major Currencies

    February 10, 2014, 1:13 PM

    Earlier today, the U.S. dollar was little changed against major currencies as market participants are awaiting Federal Reserve Chairman Janet Yellen's testimony on the bank’s semiannual monetary policy report on Tuesday. What is the current outlook for major currency pairs? We invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Declines Against Major Currencies

    February 7, 2014, 1:49 PM

    The U.S. dollar moved lower against major currencies after a monthly U.S. employment report came in weaker than expected. Earlier today, the U.S. Labor Department showed that 113,000 jobs were added in January (well below expectations for a 185,000 increase). The report also showed that 142,000 jobs were added in the U.S. private sector last month, below the 189,000 that economists had expected. What impact did these lower-than-expected numbers have on major currency pairs? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Remains Mixed Against Major Currencies

    February 6, 2014, 11:55 AM

    Earlier today, the British pound remained steady against the dollar as the Bank of England left interest rates at record lows of 0.5%. Meanwhile, the euro declined against the U.S. currency despite the European Central Bank decided to leave its interest rates on hold (at their record low of 0.25%). However, it reversed after a disappointing U.S. trade balance reading. The greenback was little changed against the Japanese yen, but declined sharply against the Swiss franc. What happened with the AUD/USD pair? The Aussie climbed to three-and-a-half week high against its U.S. counterpart boosted by an unexpected trade surplus in December and better-than-expected retail sales. Additionally, the National Australia Bank said that its business confidence index rose to 8 in the fourth quarter from a reading of 5 in the third quarter. What is the outlook for major currency pairs? We invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Mixed Against Major Currencies

    February 5, 2014, 12:10 PM

    Earlier today, the U.S. currency moved lower against the euro after data showed that the euro zone's private sector posted its strongest growth in more than two-and-a half years in January. The greenback also declined against the yen and its Canadian counterpart. Meanwhile, the U.S. dollar increased against the British pound after data showed that the U.K. services PMI for January dropped to a seven-month low of 58.3. The U.S. currency also improved against the Swiss franc and the Australian dollar. Did these moves change the outlook for major currency pairs? We invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Declines Against Major Currencies

    February 4, 2014, 2:53 PM

    Earlier today, the U.S. currency erased some losses against the euro, yen and Swiss franc. However, the greenback moved lower against the British after data showed that construction output in the U.K. rose at the fastest rate since August 2007 in January, suggesting that the economic recovery is continuing. The U.S. dollar also declined against its Australian counterpart after the Reserve Bank of Australia left rates on hold at 2.5%. What impact did these numbers have on major currency pairs? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Declines Against Major Currencies

    February 3, 2014, 2:40 PM

    Earlier today, the greenback moved lower against most of major currencies after weaker-than expected U.S. economic data which showed that U.S. manufacturing PMI dropped to 53.7 in January (from December's 55.0). Additionally, the Institute for Supply Management’s manufacturing index fell to a seven-month low in January. What impact did these numbers have on major currency pairs? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Extends Gains Against Major Currencies

    January 31, 2014, 9:59 AM

    Although the greenback declined against the Japanese Yen, the U.S. currency improved against other major currencies hitting a fresh January high against the euro and its Canadian counterpart. Did these moves change the outlook for major currency pairs? We invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Rises Against Major Currencies

    January 30, 2014, 12:30 PM

    Earlier today, the U.S. currency moved higher against most of major currencies as the Commerce Department showed that the U.S. economy expanded 3.2% in the fourth quarter, which fueled demand for the greenback. This positive news for the U.S. dollar came one day after the Federal Reserve reduced bond purchases to $65 billion a month showing that neither a disappointing December jobs report nor recent turmoil in emerging markets was enough to diminish their positive outlook for the U.S. economy. What impact did these events have on major currency pairs? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Declines Against Major Currencies

    January 29, 2014, 12:49 PM

    Earlier today, the U.S. currency declined against most of major currencies as concerns over economic growth in emerging markets weighed on investor sentiment ahead of the Federal Reserve’s policy statement later in the day. What impact did these circumstances have on major currency pairs? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Erases Losses

    January 28, 2014, 9:49 AM

    Earlier today, the U.S. currency rose against most of major currencies as expectations that the Federal Reserve will continue to scale back stimulus program this week fueled demand for the greenback. What impact did these moves have on major currency pairs? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Remains Mixed Against Major Currencies

    January 27, 2014, 12:22 PM

    Earlier today, the greenback moved higher against the euro, the yen and the Swiss franc. Nevertheless, the U.S. currency declined against the British pound, Canadian dollar and its Australian counterpart. Did these moves change the outlook for major currency pairs? We invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Mixed Against Major Currencies

    January 24, 2014, 2:00 PM

    Earlier today, the greenback moved higher against the euro, the British pound and its Australian counterpart. However, the U.S. currency declined against the Swiss franc, yen and its Canadian counterpart. Did these moves change the outlook for major currency pairs? We invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Drops Against Major Currencies

    January 23, 2014, 10:58 AM

    Earlier today, the U.S. currency moved sharply lower against European currencies. The euro rebounded sharply after stronger-than-expected data on eurozone private sector activity. The British pound extended gains and climbed to its highest level since Aug. 2011 after a sharper than expected fall in the U.K. unemployment rate. Meanwhile, the Swiss franc improved significantly after the government moved to curb mortgage lending. What impact did these moves have on major currency pairs? What happened with USD/JPY, USD/CAD and AUD/USD at the same time? We invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Mixed Against Major Currencies

    January 22, 2014, 12:32 PM

    Earlier today, the U.S. currency was steady against the euro, Swiss franc and yen. Meanwhile, the British pound extended gains after data showed that the U.K. unemployment rate fell to 7.1% in November (it was the largest drop in unemployment since 1997). Thanks to this news, the pound climbed to a three-week high against the greenback. Another currency that increased against the U.S. dollar was its Australian counterpart. The Australian dollar rebounded sharply after better-than-expected fourth quarter inflation data. What happened with our last currency pair? The greenback rose to a four-year highs against the Canadian dollar after the Bank of Canada left interest rates unchanged. What impact did these moves have on major currency pairs? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Erases Losses Against Major Currencies

    January 21, 2014, 12:50 PM

    Earlier today, the U.S. dollar moved higher against the euro after worse-than-expected data from Germany. The U.S. currency also appreciated against the Swiss franc and the yen, while the pound erased the gains against the greenback after data showed that British factory orders fell in January. Meanwhile, the U.S. dollar rose to the highest level since September 2009 against its Canadian counterpart as expectations that the Fed will continue to scale back its stimulus program at the next policy meeting on January 29 to USD65 billion, from the current USD75 billion, weighed on the exchange rate. What impact did these moves have on major currency pairs? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Drops Against Major Currencies

    January 20, 2014, 12:06 PM

    Earlier today, the U.S. dollar declined from a two-month high against the euro and gave up the gains against its Canadian counterpart. The greenback also slipped lower against other major currencies, however, we should keep in mind that trade volumes remain thin as markets in the U.S. are closed for a holiday. What impact did it have on major currency pairs? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Remains Higher Against Major Currencies

    January 17, 2014, 11:21 AM

    Earlier today, the greenback improved against five major currencies. However, it slipped vs. the British pound after data showed that U.K. retail sales increased by 2.6% in December, far above expectations for a 0.4% rise. Speaking of economic data… The report that may improve the dollar’s outlook is the University of Michigan/Thomson Reuters consumer sentiment index for January. Will it support the U.S. Dollar in the following hours? Before we know the answer to this question, let’s take a look at the current situation in major currency pairs. We invite you to read our today's Forex Trading Alert.

  • Forex Trading Alert: U.S. Dollar Drops after Initial Jobless Claims

    January 16, 2014, 10:21 AM

    The U.S. dollar moved lower against major currencies after a smaller-than-expected drop in the number of new unemployment claims. The Labor Department said in its report that initial claims for jobless benefits decreased by 2,000 to a seasonally adjusted 326,000 in the week ended Jan. 11 (while economists had expected 330,000 new claims for the week). It’s worth noting that this is the smallest number in six weeks. What impact did it have on major currency pairs? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

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