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Dollar pares gains as Yellen speech eyed

The greenback slipped lower on Monday weighed by a dip in U.S. Treasury yields while forex traders consolidated Friday's gains on low volume to start the holiday-shortened U.S. trading week.

Traders traded cautiously ahead of a speech by Federal Read More →

AUDUSD – Aussie Dollar Looking To Gain Bids Vs US Dollar

Key Points

  • The Aussie dollar after a dip towards 0.7475 against the US Dollar found support.
  • The AUDUSD pair moved higher, and broke a bearish trend line with resistance at 0.7485 on the hourly chart.
  • Today in Australia, the National Read More →

EURUSD – Euro Attempting Recovery Vs US Dollar

Key Points

  • The Euro declined and traded as low as 1.0571 against the US Dollar where it found support.
  • The EURUSD pair is currently recovering, and formed an ascending channel with support at 1.0580 on the hourly chart.
  • Today in Read More →