23 January, 2020 by Aayush Jindal in Market Analysis
Key Highlights
Crude oil price is declining and it recently settled below $60.00 against the US dollar.Earlier, there was a break below a key bullish trend line with support near $61.35 on the 4-hours chart of XTI/USD.GBP/USD is extending its recovery, while EUR/USD is still facing many hurdles.The US Initial Jobless Claims could increase from 204K to 215K for the week endi...
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Tags: Crude OilCrude Oil Price Technical AnalysisUS dollarUS initial jobless claims
22 January, 2020 by Aayush Jindal in Market Analysis
Key Highlights
In the past few days, AUD/USD declined heavily and tested the 0.6850 support.A lot of hurdles are forming for the bulls near 0.6900 and 0.6930 on the 4-hours chart.Both EUR/USD and GBP/USD started a decent recovery in the past few sessions.The US Existing Home Sales could increase 1.2% in Dec 2019 (MoM).
AUD/USD Technical Analysis
AUD/USD struggled to s...
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Tags: AUD/USD Technical AnalysisAussie dollarUS dollarUS Existing Home sales
21 January, 2020 by Aayush Jindal in Market Analysis
Key Highlights
GBP/USD remained in a bearish zone below the
1.3100 pivot area.A key bearish trend line is forming with
resistance near 1.3050 on the 4-hours chart.The UK Claimant count could change 24.5K in Dec 2019,
down from the last 28.8K.The ILO Unemployment Rate is likely to remain
stable at 3.8%.
GBP/USD Technical Analysis
This month, GBP/USD faced an increase i...
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Tags: British PoundGBP/USD Technical AnalysisUK Claimant Count ChangeUK UnemploymentUS dollar
20 January, 2020 by Aayush Jindal in Market Analysis
Key Highlights
EUR/USD failed to gain strength above 1.1150 and
declined below 1.1100.There was a break below a crucial bullish trend
line with support near 1.1105 on the 4-hours chart.The Euro Zone CPI increased 1.3% in Dec 2019
(YoY), similar to the market forecast.The German Producer Price Index could rise 0.1%
in Dec 2019 (MoM).
EUR/USD Technical Analysis
This pas...
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Tags: EUR/USD Technical AnalysisEuroEuro Zone CPIUS dollar
17 January, 2020 by Aayush Jindal in Market Analysis
Key Highlights
USD/JPY surpassed a major hurdle near the 109.70
resistance area.The pair is likely to gain bullish momentum
above 110.40 in the near term.The US Retail Sales increased 0.3% in Dec 2019
(MoM), similar to the forecast.The US Industrial Production could decline 0.2%
in Dec 2019 (MoM), down from the last +1.1%.
USD/JPY Technical Analysis
Earlier this week,...
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Tags: Japanese yenUS dollarUS Industrial productionUS Retails SalesUSD/JPY Technical Analysis
16 January, 2020 by Aayush Jindal in Market Analysis
Key Highlights
Gold price corrected lower from $1,611 and
tested the $1,535 support against the US Dollar.Recently, there was a break above a key bearish
trend line with resistance near $1,545 on the 4-hours chart of XAU/USD.The US PPI increased 0.1% in Dec 2019 (MoM),
less than the 0.2% forecast.The US Retail Sales is likely to increase 0.3%
in Dec 2019 (MoM).
Gold Pric...
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Tags: Gold PriceGold Price Technical AnalysisUS dollarUS Retail sales
15 January, 2020 by Aayush Jindal in Market Analysis
Key Highlights
USD/CHF followed a bearish path and settled
below the 0.9750 support.A crucial bearish trend line is forming with
resistance at 0.9740 on the 4-hours chart.The US CPI is up 0.2% in Dec 2019 (MoM), whereas
the forecast was 0.3%.The US PPI could increase 0.2% in Dec 2019 (MoM),
up from the last 0%.
USD/CHF Technical Analysis
This past week, USD/CHF made a...
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Tags: Swiss francUS Consumer Price IndexUS dollarUS PPIUSD/CHF Technical Analysis
14 January, 2020 by Aayush Jindal in Market Analysis
Key Highlights
GBP/USD failed to recover above 1.3200 and
declined more than 200 pips.The pair broke a crucial triangle support at
1.3110 on the 4-hours chart.The UK Industrial Production decreased 1.2% in
Nov 2019 (MoM).The US CPI could increase 2.3% in Dec 2019
(YoY), more than the last 2.1%.
GBP/USD Technical Analysis
Earlier this month, GBP/USD topped near 1.3280 ...
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Tags: British PoundGBP/USD Technical AnalysisUK Industrial ProductionUS Consumer Price IndexUS dollar
13 January, 2020 by Aayush Jindal in Market Analysis
Key Highlights
EUR/USD found support near 1.1085 and it is correcting higher.There are many hurdles on the upside near 1.1145 and 1.1150.GBP/USD might decline heavily if it breaks the 1.3000 support area.The UK Industrial Production could decrease 0.2% in Nov 2019 (MoM).
EUR/USD Technical Analysis
After a steady decline, EUR/USD found support near the 1.1085 area. The...
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Tags: EUR/USD Technical AnalysisEuroUK Manufacturing ProductionUS dollarUS Nonfarm Payrolls
10 January, 2020 by Aayush Jindal in Market Analysis
Key Highlights
USD/JPY recovered sharply and climbed above the
109.00 resistance area.The current trend is positive, suggesting more
gains if the pair surpasses 109.70.The US Initial Jobless Claims for the week
ending Jan 04, 2020 declined from 223K to 214K.The US nonfarm payrolls could increase 164K in
Dec 2019, less than the last 266K.
USD/JPY Technical Analysis
Aft...
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Tags: Japanese yenUS dollarUS initial jobless claimsUS Nonfarm PayrollsUSD/JPY Technical Analysis
