USD News and Analysis

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XAUUSD carving out a head and shoulders pattern (2016.06.10)

XAUUSD carving out a head and shoulders pattern - Gold, despite the recent bullish momentum, is carving out a bearish head and shoulders pattern with the neckline resistance at...

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Rising wedge on EURUSD (H4) signals a breakout to the downside (2016.06.09)

Rising wedge on EURUSD (H4) signals a breakout to the downside - Failure to make a convincing close following the inside bar, EURUSD's rising wedge pattern signals consolidation...

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UK Industrial Production, RBNZ OCR Decision,China CPI (2016.06.08)

UK Industrial Production, RBNZ OCR Decision,China CPI - The day starts out with the industrial production data from the UK. German IP, released yesterday, was slightly better...

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Important Forex news (2016.06.07)

Important Forex news - In the space of a week we’ve moved from a strong momentum for a June interest rate increase from the FOMC to Yellen hitting the final nail into the...

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German IP, Japan GDP, Japan & China Trade Data (2016.06.07)

German IP, Japan GDP, Japan & China Trade Data - While German industrial production is expected to have rebounded in April, I'm not sure that's significant any more, given...

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Doji on EURUSD, Gold signals a correction (2016.06.07)

Doji on EURUSD, Gold signals a correction - The US dollar was muted to Yellen’s speech in Philadelphia yesterday, but the doji candlesticks on EURUSD and Gold signal a near...

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