14 June, 2019 by Aayush Jindal in Market Analysis
Key Highlights
The US Dollar found support near 107.80 and
recovered recently against the Japanese Yen. A key bearish trend line is forming with
resistance near 108.85 on the 4-hours chart of USD/JPY.The US Initial Jobless Claims for the week
ending June 08, 2019 increased from 219K to 222K.The US Retail Sales in May 2019 could increase
0.6% (MoM), better than the last -0.2...
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Tags: Japanese yenUS dollarUS initial jobless claimsUSDJPY Technical Analysis
13 June, 2019 by Aayush Jindal in Market Analysis
Key Highlights
The Aussie Dollar declined sharply below the
0.6980 support level against the US Dollar. AUD/USD traded below a major bullish trend line
with support at 0.6955 on the 4-hours chart.Australia’s unemployment rate remained at 5.2%
in May 2019, whereas the market was looking for a drop to 5.1%.The US Initial Jobless Claims for the week
ending June 08, 2019 coul...
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Tags: AUDUSD Technical AnalysisAussie dollarAustralian employmentUS dollarUS initial jobless claims
12 June, 2019 by Aayush Jindal in Market Analysis
Key Highlights
The US Dollar declined heavily below the 1.3400
support area against the Canadian Dollar. USD/CAD is likely to face resistance near the
1.3330 and 1.3350 levels.The US PPI in May 2019 increased 1.8% (YoY),
less than the +2.0% forecast.The US CPI in May 2019 could increase 0.1%
(MoM), less than the last +0.3%.
USDCAD Technical Analysis
In the past few da...
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Tags: Canadian dollarUS CPIUS dollarUS PPIUSDCAD Technical Analysis
11 June, 2019 by Aayush Jindal in Market Analysis
Key Highlights
The British Pound found support near 1.2560 and
rebounded recently against the US Dollar. GBP/USD broke a major bearish trend line with
resistance at 1.2675 on the 4-hours chart.The UK Industrial Production in April 2019
declined 2.7%, whereas the forecast was +0.1%.The UK Claimant Count in May 2019 could change
22.9K, less than the last 24.7K.
GBPUSD Tech...
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Tags: British PoundGBPUSD Technical AnalysisUK Claimant Count ChangeUK UnemploymentUS dollar
10 June, 2019 by Aayush Jindal in Market Analysis
Key Highlights
The Euro started a steady rise above the 1.1250
resistance against the US Dollar. EUR/USD is currently placed above 1.1300 and it
could surpass 1.1350.The US nonfarm payrolls in May 2019 came in at
75K, less than the 185K forecast.The Euro Zone Sentix Investor Confidence in June
2019 could decline from 5.3 to 1.4.
EURUSD Technical Analysis
This past wee...
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Tags: EuroUS Nonfarm Payrolls
07 June, 2019 by Aayush Jindal in Market Analysis
Key Highlights
The US Dollar declined heavily and settled below
the key 109.00 support against the Japanese Yen. If USD/JPY corrects higher, it is likely to face
a strong resistance near 108.80 and 109.00.The US Initial Jobless Claims for the week
ending June 01, 2019 remained stable at 218K.The US nonfarm payrolls in May 2019 could rise
185K, less than the last 263K.
US...
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Tags: Japanese yenUS dollarUS NFPUSDJPY Technical Analysis
06 June, 2019 by Aayush Jindal in Market Analysis
Key Highlights
The Euro started a decent recovery from the
120.78 low against the Japanese Yen. EUR/JPY recovered above 121.50 and a bearish
trend line on the 4-hours chart.The Euro Zone Services PMI increased from 52.8
to 52.9 in May 2019.The Euro Zone GDP could grow 0.4% in Q1 2019
(QoQ), similar to the last reading.
EURJPY Technical Analysis
After a sharp decline, ...
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Tags: EuorEuro Zone GDpJapanese yen
05 June, 2019 by Aayush Jindal in Market Analysis
Key Highlights
Gold price started a fresh increase above $1,288
and $1,300 resistances against the US Dollar.There was a break above a key bearish trend line
at $1,281 on the 4-hours chart of XAU/USD.The US Factory Orders in April 2019 declined
0.8%, less than the -0.9% forecast.The US ISM Non-Manufacturing Index in May 2019
is likely to remain stable at 55.5.
Gold Price...
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Tags: Euro Zone Services PMIGold PriceGold Price Technical AnalysisUS dollarUS Services PMI
04 June, 2019 by Aayush Jindal in Market Analysis
Key Highlights
The British Pound extended its decline below the
1.2600 support area against the US Dollar. GBP/USD remains in a strong downtrend unless it
recovers above 1.2750.The UK Manufacturing PMI declined sharply from
53.1 to 49.4 in May 2019.The UK Construction PMI might remain stable at
50.5 in May 2019.
GBPUSD Technical Analysis
In the past few weeks, there w...
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Tags: British PoundGBPUSD Technical AnalysisUK Manufacturing PMIUS dollar
03 June, 2019 by Aayush Jindal in Market Analysis
Key Highlights
The Euro found support near 1.1115 and recently
recovered against the US Dollar. EUR/USD is facing a strong resistance near
1.1190 and a bearish trend line on the 4-hours chart.The US Personal Income increased 0.5% in April 2019,
more than the 0.3% forecast.The Euro Zone Manufacturing PMI in May 2019 is
likely to remain at 47.7.
EURUSD Technical Analysis
...
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Tags: EURUSD Technical AnalysisUS dollar
