20 February, 2020 by Aayush Jindal in Market Analysis
Key Highlights
EUR/GBP declined heavily below the 0.8400 and 0.8350 support levels.In the past few days, EUR/USD fell significantly, while GBP/USD recovered.The UK CPI increased 1.8% in Jan 2020 (YoY), more than the 1.6% forecast.The UK Retail Sales is likely to grow 0.7% in Jan 2020 (YoY), less than the last 0.9%.
EUR/GBP Technical Analysis
This month, the Euro decli...
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Tags: British PoundEUR/GBP Technical AnalysisEuroUK Consumer Price IndexUK Retail Sales
19 February, 2020 by Aayush Jindal in Market Analysis
Key Highlights
Gold price started a strong rise from the $1,565
support area against the US Dollar.A key bullish trend line is forming with support
near $1,578 on the 4-hours chart of XAU/USD.The NY Empire State Manufacturing Index
increased from 4.8 to 12.9 in Feb 2020.The US Producer Price Index could rise 0.1% in
Jan 2020 (MoM).
Gold Price Technical Analysis
After ...
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Tags: Gold PriceGold Price Technical AnalysisUS dollarUS Producer Price Index
18 February, 2020 by Aayush Jindal in Market Analysis
Key Highlights
GBP/USD recovered above 1.3000, but it is
struggling to clear the 1.3050-1.3060 resistance.A key bearish trend line is forming with
resistance near 1.3040 on the 4-hours chart.The UK ILO Unemployment Rate is likely to remain
at 3.8% in Dec 2019 (3M).The UK Claimant Count could change 22.6K in Jan
2020, less than the last 14.9K.
GBP/USD Technical Analysis
...
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Tags: British PoundGBP/USD Technical AnalysisUK Claimant Count ChangeUK UnemploymentUS dollar
17 February, 2020 by Aayush Jindal in Market Analysis
Key Highlights
EUR/USD declined heavily below the 1.0900 and
1.0850 support levels.A major bearish trend line is forming with
resistance near 1.0865 on the 4-hours chart.The Euro Area GDP increased 0.9% in Q4 2019
(Prelim), down from the last revised 1.2%.The German GDP rose 0.4% in Q4 2019 (Prelim), less
than the last revised 0.6%
EUR/USD Technical Analysis
This past...
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Tags: EUR/USD Technical AnalysisEuroEuro Zone GDpUS dollar
14 February, 2020 by Aayush Jindal in Market Analysis
Key Highlights
USD/JPY failed to stay above 110.00 and started
a downside correction.There was a break below a contracting triangle
with support near 109.88 on the 4-hours chart.The US CPI increased 2.5% in Jan 2020 (YoY), more
than the 2.4% forecast.The US Retail Sales is likely to increase 0.3%
in Jan 2020 (MoM).
USD/JPY Technical Analysis
This past week, the US Dol...
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Tags: Japanese yenUS Consumer Price IndexUS CPIUS dollarUSD/JPY Technical Analysis
13 February, 2020 by Aayush Jindal in Market Analysis
Key Highlights
AUD/USD started an upside correction after
trading to a new 2020 low at 0.6663.There was a break above a crucial bearish trend
line with resistance near 0.6725 on the 4-hours chart.The US CPI could increase 2.4% in Jan 2020
(YoY), up from the last 2.3%.The US Initial Jobless Claims for the week
ending Feb 08, 2020 could rise from 202K to 210K.
AUD/USD Tech...
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Tags: AUD/USD Technical AnalysisAussie dollarUS Consumer Price IndexUS dollarUS initial jobless claims
12 February, 2020 by Aayush Jindal in Market Analysis
Key Highlights
GBP/JPY started an upside correction from the
141.25 support area.There is a major bearish trend line forming with
resistance near 142.75 on the 4-hours chart.The UK GDP remained flat in Q4 2019
(Preliminary) (QoQ), down from the last revised +0.5%.The UK Industrial Production increased 0.1% in
Dec 2019 (MoM), less than the +0.3% forecast.
GBP/JPY Technica...
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Tags: British PoundGBP/JPY Technical AnalysisUK Gross Domestic ProductUS dollar
11 February, 2020 by Aayush Jindal in Market Analysis
Key Highlights
GBP/USD traded to a new 2020 low at 1.2871
before correcting higher.There was a break above a connecting bearish
trend line with resistance near 1.2920 on the 4-hours chart.The UK Industrial Production might increase 0.3%
in Dec 2019 (MoM).The UK GDP could remain flat in Q4 2019
(Preliminary) (QoQ), down from the last +0.4%.
GBP/USD Technical Analysis
T...
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Tags: British PoundGBP/USD Technical AnalysisUK Gross Domestic ProductUK Industrial ProductionUS dollar
10 February, 2020 by Aayush Jindal in Market Analysis
Key Highlights
EUR/USD declined heavily below the 1.1020 and
1.1000 support levels.A key bearish trend line is forming with
resistance near 1.0970 on the 4-hours chart.The US nonfarm payrolls increased 225K in Jan
2020, more than the 160K forecast.The Euro Zone Sentix Investor Confidence could
decline from 7.6 to 4 in Feb 2020.
EUR/USD Technical Analysis
This past wee...
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Tags: EUR/USD Technical AnalysisEuroUS dollarUS Nonfarm Payrolls
07 February, 2020 by Aayush Jindal in Market Analysis
Key Highlights
USD/JPY found support near 108.30 and started a
fresh increase above 109.50.There was a break above a key bearish trend line
with resistance near 109.70 on the 4-hours chart.The US Initial Jobless Claims for the week
ending Feb 01, 2020 declined from 217K to 202K.The US nonfarm payrolls could increase 160K in Jan
2020, more than the last 145K.
USD/JPY Tech...
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Tags: Japanese yenUS dollarUS Nonfarm PayrollsUSD/JPY Technical Analysis
