16 August, 2018 by Aayush Jindal in Market Analysis
Key Highlights
The British Pound declined heavily and broke the 142.40 support against the Japanese Yen.
There is a major bearish trend line formed with resistance at 141.70 on the 4-hours chart of GBP/JPY.
The pair remains at a risk of a break below the 140.20 and 140.00 support levels.
Today, the UK Retail Sales figure for July 2018 will be released, which is fo...
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Tags: British PoundGBPJPY Technical AnalysisJapanese yenUK Retail Sales
15 August, 2018 by Aayush Jindal in Market Analysis
Key Highlights
The Euro traded above the 0.9000 level recently before correcting lower against the British Pound.
There is a crucial ascending channel in place with support at 0.8900 on the daily chart of GBP/USD.
The Euro Area Gross Domestic Product for Q2 2018 (Prelim) posted a rise of 0.4% (QoQ), more than the forecast of 0.3%.
Today, the UK Consumer Price Inde...
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Tags: British PoundEURGBP Technical AnalysisEuroEuro Zone GDpUK Consumer Price IndexUK CPI
14 August, 2018 by Aayush Jindal in Market Analysis
Key Highlights
The British Pound declined sharply below the 1.2950 support against the US Dollar.
There are two bearish trend lines in place with resistance at 1.2820 and 1.3010 on the 4-hours chart of GBP/USD.
The pair could correct higher, but it is likely to face sellers near 1.2800 and 1.2850.
Today, the UK Claimant Count Change figure for June 2018 will be re...
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Tags: British PoundGBPUSD Technical AnalysisUK Claimant Count ChangeUK UnemploymentUS dollar
13 August, 2018 by Aayush Jindal in Market Analysis
Key Highlights
The Euro fell sharply recently and broke the 1.1440 and 1.1400 support levels against the US Dollar.
There is a major bearish trend line forming with resistance at 1.1500 on the 4-hours chart of EUR/USD.
The US CPI in July 2018 increased 0.2% (MoM), similar to the forecast and more than the last +0.1%.
The yearly change came in at +2.9%, less than t...
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Tags: EuroEURUSD Technical AnalysisUS Consumer Price IndexUS CPIUS dollar
10 August, 2018 by Aayush Jindal in Market Analysis
Key Highlights
The US Dollar found support near the 110.50-70 zone against the Japanese Yen.
There is a crucial bearish trend line forming with resistance at 111.25 on the 4-hours chart of USD/JPY.
The US Initial Jobless Claims for the week ending August 04, 2018 declined from 219K to 213K.
The US Consumer Price Index for July 2018 will be released today, which is...
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Tags: Japanese yenUS Consumer Price IndexUS dollarUS initial jobless claimsUSDJPY Technical Analysis
09 August, 2018 by Aayush Jindal in Market Analysis
Key Highlights
Gold price corrected higher, but it faced a strong resistance near the $1,216 zone against the US Dollar.
There is a significant bearish trend line formed with resistance near $1,212-1,215 on the 4-hours chart of XAU/USD.
China’s CPI in July increased 0.3% (MoM), more than the forecast of +0.2%.
The US Producer Price Index for July 2018 will be re...
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Tags: Gold PriceGold Price AnalysisGold Price ChartGold Price Technical AnalysisUS dollar
08 August, 2018 by Aayush Jindal in Market Analysis
Key Highlights
The US Dollar failed to move above the 0.9980 resistance and declined against the Swiss Franc.
There is a key bearish trend line forming with resistance at 0.9965 on the 4-hours chart of USD/CHF.
The Swiss Foreign Currency Reserve increased to 750B from 749B in June 2018.
Spain’s Industrial Output for June 2018 will be released today, which is for...
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Tags: Swiss francUS dollarUSDCHF Technical Analysis
07 August, 2018 by Aayush Jindal in Market Analysis
Key Highlights
The British Pound declined heavily and traded to a new yearly low below 1.2940 against the US Dollar.
There is a major bearish trend line in place with resistance at 1.3085 on the 4-hours chart of GBP/USD.
The Euro Zone Sentix Investor Confidence Index increased from 12.1 to 14.7 in August 2018.
Today, the US IBD/TIPP Economic Optimism Index for Aug...
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Tags: British PoundGBPUSD Technical AnalysisUS dollar
06 August, 2018 by Aayush Jindal in Market Analysis
Key Highlights
The Euro moved down sharply and broke the 1.1650 support against the US Dollar.
There was a break below a key bullish trend line with support at 1.1645 on the 4-hours chart of EUR/USD.
The US nonfarm payrolls in July 2018 came in at 157K, less than the forecast of 190K.
Today, the German Factory Orders will be released for June 2018, which is foreca...
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Tags: EuroEURUSD Technical AnalysisUS dollarUS Nonfarm Payrolls
03 August, 2018 by Aayush Jindal in Market Analysis
Key Highlights
The US Dollar failed to move above the 112.00-112.10 resistance and declined against the Japanese Yen.
There is a major bullish trend line formed with support at 111.00 on the 4-hours chart of USD/JPY.
The US Initial Jobless Claims for the week ending July 28, 2018 increased from 217K to 218K.
Today, the US NFP report will be released for July 2018,...
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Tags: Japanese yenUS dollarUS initial jobless claimsUS Nonfarm PayrollsUSDJPY Technical Analysis
