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The U.S. dollar was near flat on Tuesday in Asia as traders remained cautious about situation in the Middle East. The U.S. Dollar Index that tracks the greenback against a basket of other currencies last traded at 96.360 by 12:42 AM ET (04:42 GMT), up 0.01%. The U.S. has no plans to Read more

The British pound fell on Wednesday in Asia as Brexit risks blew up again. The GBP/USD pair fell 0.2% to 1.3098 after falling more than 1% in the previous session. Risks of a no-deal Brexit resurfaced again after reports in the U.K. said Prime Minister Boris Johnson will change the law to Read more

The safe-haven yen rose against the dollar after U.S. President Donald Trump signed into law support for anti-government protesters in Hong Kong, which could complicate efforts to end the U.S.-China trade war. That caused the yuan to fall in offshore trade on mounting worries that months of often violent protest Read more

The U.S. dollar inched up on Wednesday in Asia after President Donald Trump said Washington and Beijing are in the “final throes of a very important deal,” giving hopes that the two sides could soon sign a deal to put a hold on their 16-month trade spat. However, Trump also Read more

The U.S. dollar was unchanged on Tuesday in Asia after Federal Reserve Chairman Jerome Powell hinted that the central bank is likely to hold rates steady. The U.S. dollar index was unchanged at 98.238 by 12:58 AM ET (04:58 GMT). The Fed is “strongly committed” to its 2% inflation goal, Read more

Major currency pairs were little changed on Friday in Asia amid mixed messages on the Sino-U.S. trade progress. The U.S. dollar index last traded at 97.835 by 1:05 AM ET (05:05 GMT), down 0.04%. The Wall Street Journal reported that China has invited top U.S. trade officials including U.S. Trade Read more

Fibonacci is an indicator which assists traders to find entry points and to identify possible take profit levels. Fibonacci levels identify key support and resistance levels. The biggest difference between Fibonacci and other indicators is that Fibonacci is a law of nature.  An Italian mathematician Leonardo Pisano Bigollo discovered the Read more

The dollar and riskier trade-exposed currencies found some support on Friday as fresh hopes for a breakthrough in Sino-U.S. trade talks were tempered with caution. White House economic adviser Larry Kudlow said late on Thursday that the two parties were getting close to a deal and the “mood music is Read more

The U.S. dollar inched up on Thursday in Asia following prepared remarks from Federal Reserve Chairman Jerome Powell. The Australian dollar dropped after the release of weak employment reports. The U.S. Dollar Index that tracks the greenback against a basket of other currencies inched up 0.1% to 98.280 by 12:30 AM ET Read more

The concept of using support and resistance in forex trading is one of the most prominent attributes in technical analysis. Traders use this concept to determine price levels on charts that act as barriers.  These barriers often prevent the market from moving past specific price levels. When the market is Read more