USD/JPY Rallies Above 109.00, EUR/USD & GBP/USD Rising

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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Can Gold Price Hold The Ground Above $1,450?

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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NZD/USD Remains In Uptrend Above 0.6500

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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GBP/USD Rally Could Continue Above 1.3200

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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EUR/USD Stuck In Broad Range Below 1.1100

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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USD/JPY Could Revisit 109.50 Resistance Zone

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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Gold Price Recovery Reaching Crucial Juncture

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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AUD/USD Showing Signs of Further Upside

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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GBP/USD Holding Key Support, Likely To Rise Further

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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EUR/USD At Risk of Further Declines

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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