EUR/USD – Euro Eyes Further Upsides Vs US Dollar

Key Highlights The Euro made a nice upside move this past week and traded above 1.1640 against the US Dollar. There are two important bullish trend lines with support at 1.1585 and 1.1530 forming on the 4-hours chart. Today in the Euro Zone, the preliminary German Manufacturing Purchasing Managers Index (PMI) reading for July 2017 was released, which declined from 59...
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USD/JPY – Can US Dollar Recover Above 113.00 Vs Japanese Yen?

Key Highlights The US Dollar after a bearish wave found support near 111.50 against the Japanese Yen. The USD/JPY recently broke a bearish trend line at 112.00 on the 4-hours chart. Recently in the US, the Initial Jobless Claims for the week ending July 15, 2017 was published, which declined from 247K to 233K. Today in Japan, the foreign bond investment (July 10, ...
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Gold Price Remains Supported Near $1230 Vs US Dollar

Key Highlights Gold price traded higher and broke a major resistance at $1230 against the US Dollar. There is a crucial support forming on the downside near $1230-1228 on the 4-hours chart. Recently in the US, the Building Permits figure for June 2017 was published, which came in at 1.254M (MoM). Today in the US, the Initial Jobless Claims (July 15, 2017) will be ...
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EUR/JPY – Can Euro Hold This Vs Japanese Yen?

Key Highlights The Euro recently corrected lower towards the 129.00 support against the Japanese Yen. There are two important bullish trend lines with support at 129.00 forming on the 4-hours chart. Recently in the Euro Zone, the ZEW Economic Sentiment for July 2017 was released, which a minor decline from 37.7 to 35.6. Today’s main event is in the US, i.e. the ...
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AUD/USD – Is This a Major Break in Aussie To US Dollar?

Key Highlights The Aussie Dollar traded above 0.7750 against the US Dollar with back to back daily gains. The AUD/USD pair is now positioned well above a crucial resistance zone of 0.7740. Today in Australia, the New Motor Vehicle Sales for June 2017 released by the Australian Bureau of Statistics posted an increase of (MoM). Today’s main event is in the UK, i.e...
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EUR/USD – Euro Remains In Uptrend Above 1.1400 Vs US Dollar

Key Highlights The Euro made a nice upside move this past week and now looks set to challenge 1.1500 vs the US Dollar. There are a few important bullish trend lines with supports as 1.1420 and 1.1370 forming on the 4-hours chart of EUR/USD. This past Friday, the US Consumer Price Index for June 2017 was published, which posted +1.6%, less than the forecast of +1.7% (...
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USD/JPY – Bearish Break Sighted for Dollar To Japanese Yen

Key Highlights The US Dollar seems like made a short-term top near 114.48 against the Japanese Yen. The USD/JPY pair broke a major bullish pattern with support at 113.80 on the 4-hours chart. Today in the US, the Consumer Price Index for June 2017 will be published, which is forecasted to increase by 1.7% (YoY), down from the last +1.9%. Recently in the US, the In...
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GBP/JPY – British Pound Made Top at 147.80 Vs Japanese Yen?

Key Highlights The British Pound after a solid uptrend found resistance just below 148.00 against the Japanese yen. The GBP/JPY pair has likely made a short-term top at 147.80 since it broke major support at 146.85 on the 4-hours chart. Today in the UK, the RICS Housing Price Balance for June 2017 released by the Royal Institution of Chartered Surveyors posted an inc...
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GBP/USD – Can Cable Hold 1.2820 Ahead of Employment Report?

Key Highlights The British Pound was under renewed selling pressure and traded below 1.2920-00 against the US Dollar. There was a break below a major bullish trend line with support at 1.2945 on the 4-hours chart of GBP/USD. Today in the UK, the Claimant Count Change will be released, which is forecasted to post 10K. Recently in the US, the NFIB Business Optimism ...
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NZD/USD – New Zealand Dollar Breaks Key Support Vs US Dollar?

Key Highlights The New Zealand Dollar struggled to break the 0.7345 resistance against the US Dollar and started correcting towards 0.7200. There was a break below a crucial bullish trend line with support at 0.7250 on the 4-hours chart of NZD/USD. Today in New Zealand, the Electronic Card Retail Sales for June 2017 reported by Statistics New Zealand posted no change...
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