25 June, 2018 by Aayush Jindal in Market Analysis
Key Highlights
The Euro declined and retested the last swing low of 1.1505-10 against the US Dollar.
There is a connecting bearish trend line in place with resistance at 1.1700 on the 4-hours chart of EUR/USD.
The US Services Purchasing Managers Index (PMI) (Prelim) in June 2018 declined from 56.8 to 56.5.
Today in the US, the New Home Sales Change for May 2018 wi...
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Tags: EuroEURUSD Technical AnalysisUS dollarUS New Home Sales
22 June, 2018 by Aayush Jindal in Market Analysis
Key Highlights
The US Dollar traded higher recently and settled above 109.80 against the Japanese Yen.
There is a major ascending channel in place with support at 110.00 on the 4-hours chart of USD/JPY.
The US Initial Jobless Claims for the week ending June 16, 2018 posted a decline from the last revised reading of 221K to 218K.
Today in the US, the preliminary re...
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Tags: Japanese yenUS dollarUSD/JPYUSDJPY Technical Analysis
21 June, 2018 by Aayush Jindal in Market Analysis
Key Highlights
The British Pound declined recently and settled below a major support at 146.20 against the Japanese Yen.
There is a key bearish trend line in place with resistance at 146.90 on the 4-hours chart of GBP/JPY.
Recently in the UK, the CBI Industrial Trends Index increased from -3 to 13 in June 2018.
Today in the UK, the BOE interest rate decision is li...
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Tags: BOE Interest Rate DecisionBritish PoundGBPJPY Technical AnalysisJapanese yen
20 June, 2018 by Aayush Jindal in Market Analysis
Key Highlights
Gold price failed to hold a major support near $1,285 and declined against the US Dollar.
There was a break below a major bullish trend line with support at $1,296 on the 4-hours chart of XAU/USD.
The US Housing Starts in May 2018 increased 5%, more than the forecast of +1.4%.
Today, the US Existing Home Sales figure for May 2018 will be released, w...
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Tags: Gold PriceGold Price Technical AnalysisUS dollarUS Existing Home salesUS Housing Starts
19 June, 2018 by Aayush Jindal in Market Analysis
Key Highlights
The British Pound declined sharply from well above 1.3400 and broke 1.3300 against the US Dollar.
There was a downside break below 1.3330 on the 4-hours chart of GBP/USD.
The pair is now in a bearish zone and it could decline back towards the 1.3200 level in the near term.
Today in the US, the Building Permits for May 2018 will be released, which is...
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Tags: British PoundGBPUSD Technical AnalysisUS Building PermitsUS dollarUS Housing Starts
18 June, 2018 by Aayush Jindal in Market Analysis
Key Highlights
The Euro failed to move above the 1.1850 resistance and declined sharply against the US Dollar.
There was a break below two key bullish trend lines with support near 1.1760 and 1.1700 on the 4-hours chart of EUR/USD.
The Euro Zone CPI in May 2018 increased 0.5% (MoM), like the forecast.
Today in the US, the NAHB Housing Market for June 2018 will be ...
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Tags: EuroEURUSD Technical AnalysisUS dollar
11 June, 2018 by Aayush Jindal in Market Analysis
Key Highlights
The Euro moved higher this past week and recovered above 1.1700 against the US Dollar.
There is a major bullish trend line formed with support at 1.1720 on the 4-hours chart of EUR/USD.
The pair must move above the 1.1840 barrier for more gains in the near term.
Recently in China, the CPI for May 2018 increased 1.8%, similar to the forecast (YoY).
...
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Tags: EuroEURUSD Technical AnalysisUS dollar
08 June, 2018 by Aayush Jindal in Market Analysis
Key Highlights
The US Dollar traded higher and moved above the 109.00 resistance against the Japanese Yen.
There is a short-term ascending channel forming with support at 109.60 on the 4-hours chart of USD/JPY.
Recently in the US, the Initial Jobless Claims for the week ending June 2, 2018 declined from the last revised from 223K to 222K.
Today, Canada’s net emp...
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Tags: Japanese yenUS dollarUS initial jobless claimsUSDJPY Technical Analysis
07 June, 2018 by Aayush Jindal in Market Analysis
Key Highlights
The Euro remained confined in a broad range below the 0.8800 resistance against the British Pound.
There is a major bearish trend line in place with resistance near 0.8800 on the 4-hours chart of EUR/GBP.
On the downside, supports are seen near the 0.8720 and 0.8700 levels.
Today in the Euro Zone, the GDP report for Q1 2018 will be released, which i...
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Tags: British PoundEURGBP Technical AnalysisEuroEuro Zone GDp
06 June, 2018 by Aayush Jindal in Market Analysis
Key Highlights
Crude oil price started a fresh downside move and declined below the $66.00 support against the US dollar.
There is a major bearish trend line in place with resistance at $65.90 on the 4-hours chart of XTI/USD.
The US Services Purchasing Managers Index (PMI) in May 2018 increased to 56.8 from 55.7.
Today in the US, the Trade Balance figure for April...
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Tags: Crude OilCrude Oil Price Technical AnalysisOil PriceUS dollarUS Services PMIUS Trade Balance
