23 August, 2019 by Aayush Jindal in Market Analysis
Key Highlights
The US Dollar started a decent recovery from
105.05 against the Japanese Yen. USD/JPY is facing many key resistances near
107.00 and 107.20.The US Manufacturing PMI declined from 50.4 to
49.9 in August 2019 (119-month low) (Prelim).Jackson Hole Symposium and G7 Meeting could impact
the market sentiment in the short term.
USD/JPY Technical Analysis
This ...
Read More
Tags: Japanese yenUS dollarUS Manufacturing PMIUSD/JPY Technical Analysis
22 August, 2019 by Aayush Jindal in Market Analysis
Key Highlights
Recently, the US Dollar retested the key 1.3345
resistance against the Canadian Dollar. A major bullish trend line is forming with
support near 1.3240 on the 4-hours chart of USD/CAD.Canada’s CPI increased 0.5% in July 2019 (MoM),
more than the +0.2% forecast.The US Manufacturing PMI could increase from
50.4 to 50.5 in August 2019 (Preliminary).
USD/CAD ...
Read More
Tags: Canadian Consumer Price IndexCanadian dollarUS dollarUS Manufacturing PMIUSD/CAD Technical Analysis
21 August, 2019 by Aayush Jindal in Market Analysis
Key Highlights
Recently, the Aussie Dollar corrected higher from 0.6676 (multi-year low) against the US Dollar. AUD/USD traded above a key bearish trend line at 0.6780 on the 4-hours chart.EUR/USD and GBP/USD remain in a bearish zone below key resistances.The US Existing Home Sales is likely to increase 2.5% in July 2019 (MoM).
AUD/USD Technical Analysis
Earlier this ...
Read More
Tags: AUD/USD Technical AnalysisAussie dollarRBA Meeting MinutesUS dollarUS Existing Home sales
20 August, 2019 by Aayush Jindal in Market Analysis
Key Highlights
The British Pound started a short term recovery
from 1.2014 against the US Dollar. GBP/USD is struggling to gain momentum above the
1.2180 and 1.2200 resistances.The Euro Zone CPI in July 2019 declined 0.5%
(MoM), more than the -0.4% forecast.EUR/USD could extend losses as long as it is
below 1.1150.
GBP/USD Technical Analysis
Earlier this month, we saw...
Read More
Tags: British PoundEuro Zone CPIGBP/USD Technical AnalysisUS dollar
19 August, 2019 by Aayush Jindal in Market Analysis
Key Highlights
The Euro failed to settle above 1.1200 and
declined below 1.1150 against the US Dollar. A crucial bearish trend line is forming with
resistance near 1.1210 on the 4-hours chart.The US Building Permits in July 2019 jumped
8.4%, more than the 5.6% forecast.The Euro Zone CPI in July 2019 might decline
0.4% (MoM), down from the last +0.2%.
EUR/USD Technical A...
Read More
Tags: EUR/USD Technical AnalysisEuroEuro Zone CPIUS Building PermitsUS dollar
16 August, 2019 by Aayush Jindal in Market Analysis
Key Highlights
The US Dollar is forming a decent support above
105.20 against the Japanese Yen. USD/JPY is facing a strong resistance near
106.75 and a bearish trend line on the 4-hours chart.The US Retail Sales in July 2019 jumped 0.7%
(MoM), more than the +0.3% forecast.The US Building Permits in July 2019 might
increase 5.6%.
USD/JPY Technical Analysis
After a stro...
Read More
Tags: Japanese yenUS dollarUS Retail salesUSD/JPY Technical Analysis
15 August, 2019 by Aayush Jindal in Market Analysis
Key Highlights
Crude oil price is facing a strong resistance
near $57.00 against the US dollar.A major bearish trend is forming with resistance
near $57.10 on the 4-hours chart of XTI/USD.The US crude oil inventories increased by 1.6
million barrels in the week ending August 9, 2019.The US Retail Sales in July 2019 might increase
0.3% (MoM), less than the last +0.4%.
Cru...
Read More
Tags: Crude Oil PriceCrude Oil Price Technical AnalysisOil PriceUS dollarUS Retails Sales
14 August, 2019 by Aayush Jindal in Market Analysis
Key Highlights
Gold price rallied above the $1,500 and $1,520
resistance levels against the US Dollar.A new 6-year high was formed above $1,530 before
the price corrected lower.The US CPI increased 1.8% in July 2019 (YoY),
more than the 1.7% forecast.The UK CPI might increase 1.9% in July 2019
(YoY), less than the last 2.0%.
Gold Price Technical Analysis
This month, g...
Read More
Tags: Euro Zone Gross Domestic ProductGold PriceGold Price Technical AnalysisUK Consumer Price IndexUS Consumer Price IndexUS CPIUS dollar
13 August, 2019 by Aayush Jindal in Market Analysis
Key Highlights
The British Pound recovered from a new 2-year
low at 1.2014 against the US Dollar. GBP/USD is likely to face a strong selling
interest near 1.2150 or 1.2200.The UK Claimant count could change 22.8K in July
2019, less than the last 38.0K.EUR/USD remained well bid and supported above
the 1.1150 area.
GBP/USD Technical Analysis
In the past few days, the Br...
Read More
Tags: British PoundGBP/USD Technical AnalysisUK Claimant Count ChangeUS Consumer Price IndexUS CPIUS dollar
12 August, 2019 by Aayush Jindal in Market Analysis
Key Highlights
The Euro recovered nicely after testing the
1.1025 support area against the US Dollar. EUR/USD is facing resistance near 1.1240 and a
bearish trend line on the 4-hours chart.China’s CPI in July 2019 increased 2.8% (YoY),
more than the 2.7% forecast.GBP/USD is under a lot of pressure and recently declined
to a new multi-year low below 1.2050.
EUR/USD Tech...
Read More
Tags: Chinese CPIEUR/USD Technical AnalysisEuroUS dollar
