The U.S. dollar was seen recovering from the losses on Thursday. The reversal came following the release of the FOMC meeting minutes. Economic data on the day showed that the ECB officials were concerned about the risks of the uncertainty from the ...

Intraday Analysis August 2018

The U.S. dollar was trading flat on Wednesday. Economic data was most limited. The Fed released its monthly meeting minutes. The minutes showed that officials were concerned about the impact of trade tariffs on the U.S. economy. However, officials ...

Intraday Analysis August 2018

The U.S. dollar continued to extend the declines on Tuesday although price action was mostly subdued. The declines came following the U.S. President Trump’s interview with Reuters. During the interview, Trump criticized the Federal Reserve for ...

Intraday Analysis August 2018

The U.S. dollar was seen easing back on Monday with a slight risk on sentiment following the upcoming China – U.S. trade talks. However, there was some negative news as well with media outlets reporting Trump criticizing the Fed for raising interest ...

Intraday Analysis August 2018

The U.S. dollar was seen easing back from the strong gains made earlier in the week. By Friday’s close, the U.S. dollar index was seen giving up the gains and closed near 95.99. Economic data on Friday saw the release of the final inflation figures ...

Intraday Analysis August 2018

Australia’s wage report showed that the unemployment rate fell 5.3% in July. The decline came on a slight decrease in the participation rate. Data showed that the economy lost a net 3.9k jobs. This missed expectations of a 15k increase. In the UK, ...

Intraday Analysis August 2018

The U.S. dollar was seen trading a bit subdued on Wednesday. However, price action was seen staying firm for the most part. Economic data over the day saw the Australia wage price index. For the second quarter, wages grew at a pace of 0.6% matching ...

Intraday Analysis August 2018

The U.S. dollar index was seen trading flat on Monday with the technical pattern confirming a doji close. A bearish follow through from here on could signal a near-term correction. Economic data for the day was sparse. Still, the Turkish lira ...

Intraday Analysis August 2018

The U.S. dollar gained on Friday as the geopolitical tensions saw the Turkish lira plummeting. The euro was also not spared as initially news reports citing the ECB showed that the central bank was concerned about exposure to Turkey. The U.S. dollar ...

Intraday Analysis August 2018

The U.S. Dollar was on the back foot on Wednesday. China is set to hit the U.S with fresh trade tariffs of the amount of $60 billion. The market reaction was however largely muted. Does your trading knowledge measure up? Check out our Learn Forex ...

Intraday Analysis August 2018

The U.S. Dollar was trading mixed on Tuesday as the Euro posted a strong rebound. Economic data was sparse. Canada’s Ivey PMI report showed that the index increased to 61.8, missing estimates of 64.2 and down from the previous 63.1. Does your ...

Intraday Analysis August 2018

The U.S. Dollar was seen trading mixed by Friday’s close. The commodity risk currencies were the biggest gainers of the day including Gold, which advanced 0.52% by Friday’s close. The Euro and the Pound Sterling were seen trading at weaker levels. ...

Intraday Analysis August 2018

The U.S. Dollar was seen trading rather firm on Thursday. Lack of economic news flow has shifted focus on the United Kingdom. The Bank of England hiked interest rates by 25 basis points as widely expected. This brought the short-term interest rates ...

Intraday Analysis August 2018