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US Dollar Continues to Outperform; Correction Ahead?

dollar It was the US dollar show in August, as most other major currencies traded lower against the US dollar including the Euro, the British pound and the Japanese yen. The economic data impressed the investors and as a result the US dollar was bid across the board. There were a couple of important economic releases scheduled during the last two days, which [Read more...]

AUDUSD – Buying With A Break Preferred

daily-forecast The Australian dollar was seen consolidating against the US dollar. The AUDUSD pair recently traded below the 0.9300 support level, and now trying to settle back above the mentioned level. I think there is a chance that the pair might trade a bit higher from the current levels in the short term. So, we should be looking for buying opportunities moving [Read more...]

USDJPY Might Correct Lower In short Term

daily-forecast The US dollar jumped sharply against most major currencies, including the Japanese yen. The FOMC meeting minutes acted as a catalyst for the USDJPY pair, as it traded close to the 104.00 level. It is currently consolidating, and I think there is a strong chance of short-term correction towards the 103.40 level. So, selling Intraday looks like a good [Read more...]

Sterling Goes For A Toss Post Disappointing UK CPI Figures

pound The British pound tumbled across the board yesterday, including against the US dollar, as the market sentiment continues to favor sellers. The British pound sellers got one more reason to take the currency lower, as the UK inflation came as a disappointment. Another factor that affected the GBPUSD pair was the positive news in the US. So, there was [Read more...]

USDCAD has a lot of upside potential

daily-forecast The Canadian dollar was seen trading higher against the US dollar. However, it looks like the USDCAD pair has managed to gain buyers, and is preparing the ground to one more leg higher. The US dollar might gain traction in the coming session. So, I think we should be looking for buying opportunities in the short term. There was an important bearish [Read more...]
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