26 September, 2017 by Aayush Jindal in GBPUSD, Market Analysis, Technical Analysis
Key Highlights
The British Pound remains well supported for more gains above 1.3500 against the US Dollar.
There are two bullish trend lines forming with support at 1.3460 and 1.3240 on the 4-hours chart of GBP/USD.
The Dallas Fed manufacturing Index in Sep 2017 rose from 17.8 to 21.3.
The US New Home Sales figure will be released for August 2017, which is forecas...
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Tags: British PoundFed's Yellen TestimonyGBPUSD Technical AnalysisUS dollarUS New Home Sales
25 September, 2017 by Aayush Jindal in EURUSD, Market Analysis, Technical Analysis
Key Highlights
The Euro remains in an uptrend, but struggling to hold gains against the US Dollar above 1.1850.
There is a contracting triangle forming with support near 1.1860 on the 4-hours chart of EUR/USD.
The US Services PMI for Sep 2017 (Prelim) released this past week posted a decline from 56.0 to 55.1.
The US Manufacturing PMI preliminary reading (Sep 2017...
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Tags: EuroEURUSD Technical AnalysisUS dollarUS Manufacturing PMIUS Services PMI
22 September, 2017 by Aayush Jindal in Market Analysis, Technical Analysis, USDJPY
Key Highlights
The US Dollar traded higher this week and moved above 111.50 against the Japanese Yen.
There is a crucial ascending channel forming with support at 111.70 on the 4-hours chart of USD/JPY.
US Initial Jobless Claims for the week ending 16th Sep 2017 decreased from the last revised reading of 282K to 259K.
The US Manufacturing PMI preliminary reading (...
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Tags: Canadian CPICanadian Retail SalesJapanese yenUS dollarUS initial jobless claimsUS Manufacturing PMIUS Services PMIUSDJPY Technical Analysis
21 September, 2017 by Aayush Jindal in Market Analysis, NZDUSD, Technical Analysis
Key Highlights
The New Zealand Dollar likely made a short-term top near 0.7430 against the US Dollar.
The NZD/USD is attempting a close below an important support at 0.7330 on the 4-hours chart.
Fed kept the interest rates unchanged, but the central bank’s hawkish tone caught the market attention.
New Zealand Gross Domestic Product in Q2 2017 increased 0.8%, sim...
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Tags: Fed Interest Rate DecisionNew Zealand dollarNew Zealand GDPNew Zealand Gross Domestic ProductNZDUSD Technical AnalysisUS dollar
20 September, 2017 by Aayush Jindal in EURJPY, Market Analysis, Technical Analysis
Key Highlights
The Euro surged higher this week and traded as high as 134.17 against the Japanese Yen.
There is an important ascending channel forming with support at 133.65 on the 4-hours chart of EUR/JPY.
Germany’s Producer Price Index in August 2017 rose 0.2% (MoM), more than the forecast of 0.1%.
Japan’s Total Merchandise Trade Balance in August 2017 poste...
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Tags: EURJPY Technical AnalysisEuroGerman PPIGerman Producer Price IndexJapanese Merchandise Trade BalanceJapanese yen
19 September, 2017 by Aayush Jindal in AUDUSD, Market Analysis, Technical Analysis
Key Highlights
The Aussie Dollar corrected from the 0.8142 level against the US Dollar towards 0.7950.
A crucial bullish trend line with current support at 0.7945 on the 4-hours chart of AUD/USD prevented further declines.
The Reserve Bank of Australia (RBA) minutes from the 5th Sep 2017 meeting pointed concerns over the rise in the Australian Dollar.
Australia’...
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Tags: AUDUSD Technical AnalysisAussie dollarRBA Meeting MinutesReserve Bank of Australia Meeting MinutesUS dollar
18 September, 2017 by Aayush Jindal in EURUSD, Market Analysis, Technical Analysis
Key Highlights
The Euro corrected lower from the 1.2092 swing high against the US Dollar, and traded below 1.1900.
There was a break below a crucial bullish trend line with support near 1.1900 on the 4-hours chart of EUR/USD.
China’s house price index in August 2017 increased 8.3%, compared with the last +9.7%.
China’s new loans in August 2017 were 1,090.0B, c...
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Tags: Chinese House Price IndexEuroEURUSD Technical AnalysisUS dollar
15 September, 2017 by Aayush Jindal in Market Analysis, Technical Analysis, USDJPY
Key Highlights
The US Dollar after forming support near 107.50 against the Japanese Yen recovered well.
There was a break above a major bearish trend line with resistance near 110.00 on the daily chart of USD/JPY.
The US Consumer Price Index in August 2017 increased 0.4%, more than the forecast of +0.3% (MoM).
The US Retail Sales for August 2017 will be released t...
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Tags: Japanese yenUS Consumer Price IndexUS CPIUS dollarUS Retail salesUSDJPY Technical Analysis
14 September, 2017 by Aayush Jindal in Gold, Market Analysis, Technical Analysis
Key Highlights
Gold price after trading towards $1360 against the US Dollar made a short-term top.
At the moment, the price is trading near a major support near $1320 on the 4-hours chart.
China’s Retail Sales in August 2017 posted an increase of 10.1% (YoY), less than the forecast of +10.5%.
China’s Industrial output in August 2017 posted an increase of 6% (Y...
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Tags: Chinese Retail SalesGold PriceGold Price AnalysisGold Price ChartGold Price ForecastGold Price Technical AnalysisUS dollar
13 September, 2017 by Aayush Jindal in Market Analysis, NZDUSD, Technical Analysis
Key Highlights
The New Zealand Dollar is trading with a positive bias, but faces a major resistance near 0.7320 against the US Dollar.
There are two bearish trend lines with resistance near 0.7320 formed on the 4-hours chart of NZD/USD.
New Zealand Food Price Index in August 2017 rose 0.6%, compared with the last -0.2%.
The US Producer Price Index for August 2017 ...
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Tags: Kiwi dollarNew Zealand dollarNew Zealand Food Price IndexNZDUSD Technical AnalysisUS dollarUS PPIUS Producer Price Index
