24 April, 2019 by Aayush Jindal in Market Analysis
Key Highlights
The US Dollar rallied and traded to a new 3-year
high above 1.0200 against the Swiss Franc.USD/CHF broke a crucial ascending channel near
1.0060 on the 4-hours chart and surged higher.The US New Home Sales in March 2019 increased 4.5%
(MoM), whereas the forecast was -2.5%.The BoC Interest Rate Decision will be announced
today (forecast – no change from 1.75...
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Tags: BoC Interest Rate DecisionSwiss francUS dollarUS New Home SalesUSDCHF Technical Analysis
23 April, 2019 by Aayush Jindal in Market Analysis
Key Highlights
The British Pound declined steadily recently
below the 1.3080 support against the US Dollar.GBP/USD traded below a major bullish trend line
with support at 1.3070 on the daily chart.The US Existing Home Sales in March 2019 declined
4.9% (MoM), more than the -2.3% forecast.The US Housing Price Index in Feb 2019 could rise
0.3% (MoM), less than the last +0.6%.
...
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Tags: British PoundGBPUSD Technical AnalysisUS dollarUS Existing Home salesUS New Home Sales
22 April, 2019 by Aayush Jindal in Market Analysis
Key Highlights
The Euro failed to break the 1.1325 resistance
and declined sharply against the US Dollar.EUR/USD traded below a crucial bullish trend
line with support at 1.1290 on the 4-hours chart.The US Housing Starts in March 2019 decreased
0.3% (MoM), whereas the forecast was +6.5%.The US Existing Home Sales in March 2019 could dip
2.3% (MoM), whereas the last was +11....
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Tags: EuroEURUSD Technical AnalysisUS dollarUS Existing Home sales
19 April, 2019 by Aayush Jindal in Market Analysis
Key Highlights
The US Dollar settled above the 110.60 and 111.50
resistances against the Japanese Yen.USD/JPY could attempt to surpass a crucial
bearish trend line at 112.60 on the daily chart.The US Retail Sales in March 2019 increased 1.6%
(MoM), more than the +0.9% forecast.The US Housing Starts in March 2019 could
increase 6.5% (MoM), whereas the last was -8.7%.
USDJ...
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Tags: Japanese yenUS Building PermitsUS dollarUS Retail salesUSDJPY Technical Analysis
18 April, 2019 by Aayush Jindal in Market Analysis
Key Highlights
Gold price topped near the $1,346 level in Feb
2019 and later corrected lower.There is a crucial declining channel formed with
resistance at $1,292 on the daily chart of XAU/USD.China’s GDP grew 6.4% in Q1 2019 (YoY), more
than the 6.3% forecast.The US Retail Sales in March 2019 could increase
0.9% (MoM), better than the last -0.2%.
Gold Price Technical ...
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Tags: Gold PriceGold Price AnalysisUS dollarUS initial jobless claimsUS Manufacturing PMIUS Retail sales
17 April, 2019 by Aayush Jindal in Market Analysis
Key Highlights
The British Pound traded higher recently and tested 147.00 against the Japanese Yen.GBP/JPY surpassed two key bearish trend lines near 145.90 on the 4-hours chart.The UK Claimant Count in March 2019 changed 28.3K, more than the 20.0K forecast.The UK Consumer Price Index in March 2019 (YoY) could increase 2.0%.
GBPJPY Technical Analysis
The British Pound...
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Tags: British PoundGBPJPY Technical AnalysisJapanese yenUK Claimant Count ChangeUK Consumer Price IndexUK CPI
16 April, 2019 by Aayush Jindal in Market Analysis
Key Highlights
The British Pound remains well supported above
the key 1.3000 support against the US Dollar.A major bullish trend line is in place with
support at 1.3040 on the daily chart of GBP/USD.The NY Empire State Manufacturing Index in April
2019 increased from 3.7 to 10.1.The UK Claimant Count in Feb 2019 could change
20K, less than the last 27K.
GBPUSD Technical ...
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Tags: British PoundGBPUSD Technical AnalysisUK Claimant Count ChangeUS dollar
15 April, 2019 by Aayush Jindal in Market Analysis
Key Highlights
The Euro started a strong rebound after trading
as low as 1.1183 against the US Dollar.A crucial bullish trend line is formed with
support at 1.1250 on the 4-hours chart of EUR/USD.The Michigan Consumer Sentiment Index in April
(Prelim) declined from 98.4 to 96.9.The NY Empire State Manufacturing Index in April
2019 might increase from 3.7 to 6.0.
EURUSD T...
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Tags: EURUSD Technical Analysis Euro US DollarNY Empire State Manufacturing Survey IndexUS dollar
12 April, 2019 by Aayush Jindal in Market Analysis
Key Highlights
The US Dollar corrected lower this week and recently
rebounded above 111.50 against the Japanese Yen.A major bullish trend line is formed with
support at 111.10 on the 4-hours chart of USD/JPY.The US Initial Jobless Claims for the week
ending April 06, 2019 declined to 196K.The Michigan Consumer Sentiment Index in April 2019
(Prelim) might drop from 98.4 to 9...
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Tags: Japanese yenUS dollarUS Import Price IndexUS initial jobless claimsUSDJPY Technical Analysis
11 April, 2019 by Aayush Jindal in Market Analysis
Key Highlights
Crude oil price started a strong rise and traded
to a new 2019 high above $64.00 against the US dollar.There was a break above a bullish flag pattern
with resistance at $62.40 on the 4-hours chart of XTI/USD.The US CPI in March 2019 increased 0.4% (MoM), more
than the +0.3% forecast.The US PPI in March 2019 could rise 0.3% (MoM),
less than the last +0.1%.
...
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Tags: Crude Oil PriceCrude Oil Price Technical AnalysisOil PriceUS dollarUS initial jobless claims
