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GBP/USD continues to advance within its annual trading range. At the end of the week, strong US labor market data triggered a sharp counterattack by sellers, but they encountered Bullish Imbalance 32. Yesterday, it was noted that a corrective pullback could actually be a favorable development for buyers, as it would provide an opportunity to

The US dollar moved higher after the October jobs report came in stronger than expected. Nonfarm payrolls rose 165K versus the 65K estimate, September was revised up to 60K from 29K, and the net revision over the prior two months was +84K. The unemployment rate edged down to 4.1% from 4.2%, even as labor force

The AUDUSD is stretching to a new session low after an up-and-down trading day that has seen the price work lower in steps. The day started with a test of the 100-hour and 100-day moving averages near 0.7038. Sellers leaned against that resistance and pushed the price lower. Initial declines toward 0.7014 and then 0.6998