Dow Jones

USDJPY retreats ahead of BOJ meeting The US dollar slips from profit-taking ahead of the Bank of Japan interest rate meeting. While the US struggles with rampant inflation, weak household spending and wage growth in Japan keep…
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AUDUSD attempts rebound The Australian dollar bounces back over strong retail sales in November. The pair saw bids near a previous trough (0.7130). The RSI’s double-dip into the oversold area attracted some traders in taking up the…
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AUDUSD sees limited rebound The Australian dollar softens over dovish RBA meeting minutes. The pair has met stiff selling pressure near the 30-day moving average (0.7220). On the hourly chart, a bearish MA cross and a break below…
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USDCHF looks for breakout The US dollar consolidates ahead of the Federal Reserve meeting. The pair is grinding for support above 0.9160 after it gave up most gains from the November rally. Overall sentiment remains positive as long…
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GBPUSD attempts to rebound The sterling consolidates as BOE officials stress due to inflationary pressure from a tight labor market. So far, rebounds have been an opportunity for trend followers to sell into strength. The pound is…
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USDJPY tests daily support The yen consolidates gains after a drop in Japan’s unemployment rate. The pair has met stiff selling pressure at March 2017’s high (115.50). The drop below 114.80 then 114.00 has forced short-term…
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USDCHF seeks support The US dollar stalled after weekly jobless claims came in higher than expected. The pair’s attempt above the daily resistance at 0.9310 suggests that the bulls may have gained the upper hand. Intraday buyers’…
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