EUR/GBP Remains In Downtrend Below 0.8400

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...
Read More

Gold Price Rallies To New 2020 High, Primed For More Gains

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 ...
Read More

GBP/USD Struggling Ahead of UK Jobs Report

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 ...
Read More

EUR/USD Nosedives Below 1.0850, Recovery Could Be Capped

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...
Read More

USD/JPY Correcting Lower: Here Are Key Levels To Watch

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...
Read More

AUD/USD Recovery Could Gain Momentum Above 0.6770

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...
Read More

GBP/JPY Reaching Crucial Juncture, 142.75 Holds Key

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...
Read More

GBP/USD Recovery Likely To Face Hurdles Near 1.30

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...
Read More

EUR/USD Nosedives, More Downsides Likely

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...
Read More

USD/JPY Rising Towards The 2020 High, New Highs Likely

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...
Read More

12...102030...»