13 December, 2018 by Aayush Jindal in Market Analysis
Key Highlights
The Euro rallied recently and traded above the 0.8900 and 0.9000 resistances against the British Pound.
There is a crucial bullish trend line formed with support at 0.8960 on the 4-hours chart of EUR/GBP.
The US CPI in Nov 2018 increased 2.2% (YoY), similar to the forecast, but less than the last 2.5%.
Today, the ECB Interest Rate Decision is lined ...
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Tags: British PoundECB Interest Rate DecisionEURGBP Technical AnalysisEuro
12 December, 2018 by Aayush Jindal in Market Analysis
Key Highlights
The British Pound fell significantly and tested the 141.00 support area against the Japanese Yen.
There are two key bearish trend lines formed with resistance near 143.40-50 on the 4-hours chart of GBP/JPY.
The UK Claimant Count in Nov 2018 changed 21.9K, more than the 13.2K forecast.
Today, the US Consumer Price Index for Nov 2018 will be released,...
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Tags: British PoundGBPJPY Technical AnalysisJapanese yenUK Claimant ChangeUS Consumer Price IndexUS CPI
11 December, 2018 by Aayush Jindal in Market Analysis
Key Highlights
The British Pound declined heavily and broke the 1.2660 support against the US Dollar.
There are two important bearish trend lines formed with resistance near 1.2775 on the 4-hours chart of GBP/USD.
The UK Industrial Production in Nov 2018 declined 0.6% (MoM), whereas the market was looking for a 0.1% rise.
Today, the UK Claimant Count figure for No...
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Tags: British PoundGBPUSD Technical AnalysisUK Claimant Count ChangeUK Industrial ProductionUS dollar
10 December, 2018 by Aayush Jindal in Market Analysis
Key Highlights
The Euro recovered recently and traded above the 1.1350 resistance against the US Dollar.
There is a major bullish trend line formed with support at 1.1350 on the 4-hours chart of EUR/USD.
The Chinese CPI in Nov 2018 increased 2.2% (YoY), less than the forecast of 2.4%.
Today, the German Trade Balance for Oct 2018 will be released, which is forecast...
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Tags: Chinese Consumer Price IndexEuroEURUSD Technical AnalysisUS dollar
07 December, 2018 by Aayush Jindal in Market Analysis
Key Highlights
The US Dollar declined recently and broke the 113.20 support against the Japanese Yen.
There is a key bearish trend line formed with resistance near 113.30 on the 4-hours chart of USD/JPY.
The US ADP Employment Change in Nov 2018 declined from 225K (revised) to 179K.
Today, the US nonfarm payrolls figure for Nov 2018 will be released, which is forec...
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Tags: Japanese yenUS ADP Employment ChangeUS dollarUS Nonfarm PayrollsUSDJPY Technical Analysis
06 December, 2018 by Aayush Jindal in Market Analysis
Key Highlights
Crude oil price formed a decent support near $49.50 and $50.00 against the US dollar.
There was a break above a major bearish trend line with resistance at $51.50 on the 4-hours chart of XTI/USD.
The Euro Zone Services PMI in Nov 2018 increased from 53.1 to 53.4.
Today, the US Services PMI for Nov 2018 will be released, which is forecasted to remain...
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Tags: Crude OilCrude Oil PriceCrude Oil Price Technical AnalysisUS ADP Employment ChangeUS dollar
05 December, 2018 by Aayush Jindal in Market Analysis
Key Highlights
The US Dollar failed to break the 1.0000 resistance and declined against the Swiss Franc.
There is a major bearish trend line formed with resistance near 0.9980 on the 4-hours chart of USD/CHF.
The Swiss Consumer Price Index in Nov 2018 declined 0.3% (MoM), more than the -0.1% forecast.
Today, the Euro Zone Services PMI for Nov 2018 will be released...
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Tags: Swiss Consumer Price IndexSwiss francUS dollarUSDCHF Technical Analysis
04 December, 2018 by Aayush Jindal in Market Analysis
Key Highlights
The British Pound declined recently and broke the 1.2800 support against the US Dollar.
There is a crucial bearish trend line in place with resistance near 1.2770 on the 4-hours chart of GBP/USD.
The UK Manufacturing PMI in Nov 2018 increased from 51.1 to 53.1.
Today, the UK’s Construction PMI for Nov 2018 will be released, which is forecasted to ...
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Tags: British PoundGBPUSD Technical AnalysisUK Construction PMIUK Manufacturing PMIUS dollar
03 December, 2018 by Aayush Jindal in Market Analysis
Key Highlights
The Euro failed to break the 1.1400 resistance and declined against the US Dollar.
There are two major bearish trend lines in place with resistance at 1.1375 and 1.1410 on the 4-hours chart of EUR/USD.
The Euro Zone CPI (Prelim) for Nov 2018 increased 2% (YoY), less than the last 2.2%.
Today, the Euro Zone Manufacturing PMI for Nov 2018 will be rele...
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Tags: EuroEuro Zone CPIEuro Zone Manufacturing PMIEURUSD Technical AnalysisUS Dollat
30 November, 2018 by Aayush Jindal in Market Analysis
Key Highlights
The US Dollar failed again to break the 114.00 resistance area against the Japanese Yen.
There is a key bearish trend line formed with resistance at 114.00 on the 4-hours chart of USD/JPY.
The Tokyo Consumer Price Index increased 0.8% (YoY) in Nov 2018, less than the market forecast of 1.0%.
Today in the US, the Chicago Purchasing Manager’s Index ...
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Tags: Euro Zone CPIJapanese yenUS dollarUS Personal IncomeUSDJPY Technical Analysis
