Gold Price Broke Key Supports Near $1,335

Key Highlights Gold price started a downside move from the $1,355 level against the US Dollar. There was a break below two bullish trend lines at $1,345 and $1,335 on the 4-hours chart of XAU/USD. The US Existing Home sales in March 2018 grew 1.1%, more than the +0.2% forecast. Today, the US New Home Sales report for March 2018 will be released, which is forecaste...
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EUR/USD Turned Bearish Below 1.2360

Key Highlights The Euro failed to move above 1.2420 and declined sharply against the US Dollar. There was a break below a major bullish trend line with support at 1.2365 on the 4-hours chart of EUR/USD. The Euro Zone Manufacturing PMI for April 2018 (Prelim) will be released today, which is forecasted to remain at 56.6. The US Existing Home Sales report for March ...
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USD/JPY Trading Above Crucial Support at 107.00

Key Highlights The US Dollar is trading in a bullish zone above the 107.00 support against the Japanese Yen. There are two important bullish trend lines forming with support at 107.00-10 on the 4-hours chart of USD/JPY. The US Initial Jobless Claims for the week ending April 14, 2018 declined from 233K to 232K. Japan’s National CPI in March 2018 (YoY) increased ...
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Can EUR/GBP Hold Gains Above 0.8680?

Key Highlights The Euro started a nice upside move from the 0.8620 low against the British Pound. The EUR/GBP pair is attempting an upside break above a crucial bearish trend line at 0.8695 on the 4-hours chart. The UK CPI in March 2018 increased 2.5% (YoY), less than the forecast of +2.7%. Today, the UK Retail Sales report for March 2018 will be released, which i...
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GBP/USD Could Correct Further Toward 1.4250

Key Highlights The British Pound faced a strong selling interest near the 1.4375 level against the US Dollar. There is a crucial bullish trend line in place with support at 1.4280 on the 4-hours chart of GBP/USD. The UK Claimant Change in March 2018 was 11.6K, more than the forecast of 5.0K. Today, the UK CPI report for March 2018 will be released, which is foreca...
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Crude Oil Price Remains in Uptrend Above $65.40

Key Highlights Crude oil price moved higher this past week and settled above $65.00 against the US dollar. There was a break above a crucial declining channel with resistance at $63.80 on the 4-hours chart of XTI/USD. The US Retail Sales in March 2018 increased 0.6% (MoM), more than the +0.4% forecast. China’s GDP in Q1 2018 grew 6.8%, compared with the forecast...
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Can EUR/USD Hold 1.2325 Support?

Key Highlights The Euro declined this past week and tested the 1.2300 support zone against the US Dollar. There is a key bullish trend line forming with support at 1.2325 on the 4-hours chart of EUR/USD. The Euro Zone Trade Balance in Feb 2018 posted a trade surplus of €21.0B, better than the forecast of €20.2B. Today, the US Retail Sales for March 2018 will b...
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USD/JPY Looks Set to Trade Higher

Key Highlights The US Dollar formed a major support at 104.60 and recovered nicely against the Japanese Yen. There was a break above a significant bearish trend line with resistance at 106.35 on the daily chart of USD/JPY. The US Initial Jobless Claims in the week ending April 7th, 2018 declined from 242K to 233K. Today, the Michigan Consumer Sentiment Index for A...
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EUR/JPY: Downsides Remain Limited Below 131.50

Key Highlights The Euro is trading in a positive zone above the 131.50 pivot level against the Japanese Yen. There is a crucial bullish trend line forming with support at 131.60 on the 4-hours chart of EUR/JPY. The US Consumer Price Index in March 2018 increased 2.4% (YoY), more than the last +2.2%. Today, the ECB Monetary Policy Meeting Account will be released, ...
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Gold Price Remains Supported Above $1,328

Key Highlights Gold price found support near the $1,320 level and recovered recently against the US Dollar. There are two bullish trend lines forming with support near $1,328 on the 4-hours chart of XAU/USD. The US PPI in March 2018 posted a rise of 3% (YoY), more than the forecast of 2.9%. Today, the US CPI report for March 2018 will be released, which is forecas...
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