USDJPY – Japanese Yen Decline Is Here To Stay

Key Highlights The US Dollar gained traction this week and moved above 110.80 against the Japanese Yen. The USDJPY pair broke a key bearish trend line at 110.40 on the 4-hours chart to open the doors for more upsides. Today in Japan, the National Consumer Price Index for March 2017 (YoY) released by the Statistics Bureau posted an increase of 0.2%. On the other ha...
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GBPJPY – British Pound Turned Bullish Vs Japanese Yen

Key Highlights The British Pound gained bids during the past few days, and moved above 141.00 against the Japanese Yen. There was a crucial bearish trend line with resistance at 138.60 on the daily chart of GBPJPY, which was broken recently. Today in Japan, the Foreign bond investment (April 21, 2017) released by Ministry of Finance posted ¥-1,283.8B, compared with ...
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AUDUSD – What’s Holding Aussie Dollar From Breaking 0.7600?

Key Highlights The Aussie Dollar recent upside attempt failed near the 100 simple moving average (H4) at 0.7585. There is a crucial bearish trend line with resistance at 0.7575 formed on the 4-hours chart of AUDUSD, acting as a hurdle. Today in Australia, the Consumer Price Index for Q1 2017 released by the RBA and republished by the Australian Bureau of Statistics p...
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EURJPY – Euro To Japanese Yen Overcomes Bearish Trend

Key Highlights The upside move in the Euro continued, as it traded positively above 119.00 against the Japanese Yen. The EURJPY pair is now well above the 119.20 resistance, and the 100 and 200 simple moving averages (H4). Today in Japan, the Corporate Service Price Index (CSPI) for Feb 2017 (YoY) released by the Bank of Japan posted an increase of 0.8%. Today in ...
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EURUSD – Euro Opens With Huge Gap Following French Election

Key Highlights The Euro opened with a monster gap up towards 1.0900 against the US Dollar. The FX market turned risk on after the first round of the French elections suggesting Macron leading as expected. The recent release in the US, the Manufacturing PMI for April 2017 (Preliminary) posted a decline from 53.3 to 52.8. Today in the Euro Zone, the German IFO Busin...
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USDJPY – US Dollar Recovery A Real Deal Vs Japanese Yen

Key Highlights The US Dollar declined below 109.00 this past week against the Japanese Yen before finding support. A recovery is underway, but the USDJPY pair is likely to face resistance near 109.50 and a bearish trend line on the 4-hour chart. Today in Japan, the Nikkei Manufacturing PMI for April 2017 (Preliminary) was released, which posted a rise from 52.4 to 52...
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NZDUSD – New Zealand Dollar Poised For Gains Vs US Dollar

Key Highlights The New Zealand Dollar recovered well from the 0.6909 low against the US Dollar. A monster descending channel with resistance at 0.6970 on the 4-hours chart of NZDUSD was broken, opening the doors for more gains. Today in New Zealand, the Consumer Price Index for Q1 2017 (YoY) released by the Statistics New Zealand posted an increase of 2.2%. Today ...
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GBPUSD – Is This Real Break In Pound To Dollar?

Key Highlights The British Pound after a steady rise gained momentum against the US Dollar, and moved above 1.2600. There is a major bullish trend line with support at 1.2620 formed on the 4-hours chart of GBPUSD. Recently in the US, the Industrial Production for March 2017 released by the Board of Governors of the Federal Reserve posted an increase of 0.5%. Today...
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EURUSD – Can Euro Break 1.0700 Versus US Dollar?

Key Highlights The Euro faced selling pressure this past week, but remained above the 1.0610 support against the US Dollar. There is a major resistance formed at 1.0675 and 1.0690 on the 4-hours chart of EURUSD. Recently in the US, the NY Empire State Manufacturing index for April 2017 released by the Federal Reserve Bank of New York posted a decline from 16.4 to 5.2...
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AUDUSD – Aussie Dollar In Medium Term Downtrend Vs USD?

Key Highlights The Aussie dollar struggled on many occasions to break 0.7740-0.7750 against the US Dollar. It looks like a major double top pattern near 0.7740 on the daily chart of AUDUSD, igniting a downside move. In Australia, the Employment Change figure for March 2017 released by the Australian Bureau of Statistics posted 60.9K, compared with the forecast of 20....
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