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Sterling Remains Strongest After CBI Manufacturing Report

The Great Britain pound continued to be the strongest currency on the Forex market thanks to domestic macroeconomic data. Today, a manufacturing report from the Confederation of British Industry was the reason for the sterling’s amazing performance.

Head and Shoulders Almost Complete on AUD/USD

The Australian dollar versus the US dollar currency pair seems to be pursuing lower prices. The only possible barrier is 0.6850. Will this level be able to stop the depreciation?

USD/JPY Might Correct Before Further Appreciation

The US dollar versus the Japanese yen currency pair is at a point in which it should draw a correction, otherwise it might be considered that it is overextending.

US Dollar Sinks As Phase One US-China Trade Deal Signed

The US dollar slumped midweek as the US and China officially signed the first phase of a comprehensive trade agreement. This comes as December inflation was subdued and business optimism fell short of analysts’ expectations. Still, the greenback is trading relatively higher against a basket of currencies this month.

AUD/USD Might Be in Bearish Hands, Heading for 0.6700

The Australian dollar versus the US dollar currency pair seems to be undecided. Is it so, or are the bears preparing a surprise?

US Dollar Mixed Amid Soft December Jobs Report

The US dollar is mixed against its currency rivals at the end of the trading week, buoyed by a tepid jobs report that fell short of the market forecasts. The December labor report suggested that job creation may be tapering off in a robust economy.

The Bulls Conquered USD/JPY and May Aim for 111.07

The US dollar versus the Japanese yen currency pair allowed a full-fledged bullish appreciation. Are they exhausted or is this just the beginning?

US Dollar Rallies As Trade Deficit Sinks to Three-Year Low

The US dollar is gaining momentum on Tuesday as new data revealed that the trade deficit fell to its lowest level in more than three years in November. With the US and Iran conflict potentially peaking, investors are gradually returning to equities and the greenback, which is evident in the slump in crude oil prices. A better-than-expected reading in the purchasing managers’ indexes (PMIs) also enhanced the buck’s strength.

Is the Descending Trend on AUD/USD Really Over?

The Australian dollar versus the US dollar currency pair intruded the resistance trendline of the descending channel but stopped into an important resistance area. How does that impact the evolution of the upcoming period?

AUD/USD Could Extend Until 0.7055

After such a strong appreciation, the price should correct as a consequence of profit booking. Which are the possibilities that follow?

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