13 December, 2019 by Aayush Jindal in Market Analysis
Key Highlights
USD/JPY rallied sharply after testing the 108.40
support.A major bullish trend line is in place with
support near 108.45 on the 4-hours chart.The US Initial Jobless Claims for the week
ending Dec 07, 2019 increased from 203K to 252K.The US Retail Sales is likely to increase 0.5%
in Nov 2019 (MoM), more than the last +0.3%.
USD/JPY Technical Analysis
Thi...
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Tags: Japanese yenUS dollarUS initial jobless claimsUSD/JPY Technical Analysis
12 December, 2019 by Aayush Jindal in Market Analysis
Key Highlights
Gold price is trading above the $1,450 and $1,455 support levels against the US Dollar.EUR/USD and GBP/USD remained in the positive zone.The US CPI increased 2.1% in Nov 2019 (YoY), more than the 2.0% forecast.The US Initial Jobless Claims for the week ending Dec 07, 2019 could rise from 203K to 213K.
Gold Price Technical Analysis
This past week, gold p...
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Tags: Gold PriceGold Price Technical AnalysisUS CPIUS dollarUS initial jobless claims
11 December, 2019 by Aayush Jindal in Market Analysis
Key Highlights
NZD/USD rallied above 0.6500 after it broke the
0.6430 resistance area.A crucial bullish trend line is forming with
support near 0.6470 on the 4-hours chart.China’s Consumer Price Index increased 4.5%
(YoY) in Nov 2019, more than the 4.2% forecast.The US Consumer Price Index could increase 2% in
Nov 2019 (YoY).
NZD/USD Technical Analysis
After bottomi...
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Tags: New Zealand dollarNZD/USD Technical AnalysisUS Consumer Price IndexUS CPIUS dollar
10 December, 2019 by Aayush Jindal in Market Analysis
Key Highlights
GBP/USD started a strong increase from well below 1.3000.The pair surpassed many resistances near 1.3100, 1.3120 and 1.3150.EUR/USD is holding the key 1.1040 support area.The UK GDP could grow 0.1% in Oct 2019 (MoM).
GBP/USD Technical Analysis
After forming support near 1.2850, the British Pound started a strong rally against the US Dollar. GBP/USD brok...
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Tags: British PoundGBP/USD Technical AnalysisUK Gross Domestic ProductUS dollar
09 December, 2019 by Aayush Jindal in Market Analysis
Key Highlights
EUR/USD struggled to settle above the 1.1100 resistance area.GBP/USD remained strong and surged above the 1.3100 resistance area.The US nonfarm payrolls increased 266K in Nov 2019, better than the market forecast of 180K.The US unemployment rate declined from 3.6% to 3.5% in Nov 2019.
EUR/USD Technical Analysis
After forming support near 1.1000, the Eur...
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Tags: EUR/USD Technical AnalysisEuroUS dollarUS Nonfarm PayrollsUS Unemployment Rate
06 December, 2019 by Aayush Jindal in Market Analysis
Key Highlights
USD/JPY remained well supported above the 108.20 region.GBP/USD rallied recently above the 1.3100 and 1.3150 resistance levels.The US Initial Jobless Claims for the week ending Nov 30, 2019 declined from 213K to 203K.The US nonfarm payrolls is likely to increase 180K in Nov 2019, up from the last 128K.
USD/JPY Technical Analysis
After a major failure ne...
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Tags: Japanese yenUS dollarUS initial jobless claimsUS Nonfarm PayrollsUSD/JPY Technical Analysis
05 December, 2019 by Aayush Jindal in Market Analysis
Key Highlights
Gold price started a strong recovery from the $1,450 support against the US Dollar.EUR/USD and GBP/USD rallied recently above 1.1080 and 1.3000 respectively.The US ADP Employment increased 67K in Nov 2019, less than the market forecast of 140K.The Euro Zone GDP could grow 1.2% in Q3 2019 (YoY).
Gold Price Technical Analysis
This past week, gold price fo...
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Tags: Euro Zone Gross Domestic ProductGold PriceGold Price Technical AnalysisUS ADP Employment ChangeUS dollar
04 December, 2019 by Aayush Jindal in Market Analysis
Key Highlights
AUD/USD started a strong recovery from the 0.6754 low.There was a break above a crucial bearish trend line at 0.6775 on the 4-hours chart.The US ISM Manufacturing Index declined from 48.3 to 48.1 in Nov 2019.The Reserve Bank of Australia (RBA) kept rates at 0.75% and refrained from hinting any future rate cuts.
AUD/USD Technical Analysis
After a strong ...
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Tags: AUD/USD Technical AnalysisAussie dollarRBA Interest Rate DecisionUK Manufacturing PMIUS dollar
03 December, 2019 by Aayush Jindal in Market Analysis
Key Highlights
GBP/USD remained well supported above the 1.2880 area.A major bullish trend line is forming with support near 1.2875 on the 4-hours chart.The UK Manufacturing PMI increased from 48.3 to 48.9 in Nov 2019.The UK Construction PMI could rise from 44.2 to 44.5 in Nov 2019.
GBP/USD Technical Analysis
After forming a solid support near 1.2825, the British Poun...
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Tags: British PoundGBP/USD Technical AnalysisUK Construction PMIUK Manufacturing PMIUS dollar
02 December, 2019 by Aayush Jindal in Market Analysis
Key Highlights
EUR/USD extended its decline and retested the
1.0980 support area.A major bearish trend line is forming with resistance
near 1.1045 on the 4-hours chart.The Euro Zone CPI increased 1% in Nov 2019
(Prelim) (YoY), better than the 0.7% forecast.The US ISM Manufacturing Index might increase
from 48.3 to 49.4 in Nov 2019.
EUR/USD Technical Analysis
This past...
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Tags: EUR/USD Technical AnalysisEuroEuro Zone CPIUS dollarUS ISM Manufacturing Index
