USD/CHF Rallies To New 3-Year High

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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Can GBP/USD Bounce Back In Near Term?

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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EUR/USD Showing Signs of Weakness Below 1.1300

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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USD/JPY Daily Chart Suggests Pair Approaching Crucial Resistance

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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Gold Price Daily Chart Signaling Bearish Continuation

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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GBP/JPY Remains Supported On Dips Near 145.60

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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GBP/USD Remains In Uptrend Above 1.3000

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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EUR/USD Showing Positive Signs Above 100 SMA

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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USD/JPY Testing Crucial Resistance Near 112.00

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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Crude Oil Price Rallies To New 2019 High

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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