16 October, 2018 by Aayush Jindal in Market Analysis
Key Highlights
The British Pound declined recently and tested the 1.3080-1.3100 support against the US Dollar.
GBP/USD tested a connecting bullish trend line with support at 1.3100 on the 4-hours chart.
The US Retail Sales in Sep 2018 increased 0.1%, less than the +0.5% forecast.
Today, the US Industrial Production for Sep 2018 will be released, which is forecaste...
Read More
Tags: British PoundGBPUSD Technical AnalysisUS dollarUS Industrial productionUS Retails Sales
15 October, 2018 by Aayush Jindal in Market Analysis
Key Highlights
The Euro started an upside correction after trading as low as 1.1432 against the US Dollar.
There was a break above a major bearish trend line with resistance at 1.1500 on the 4-hours chart of EUR/USD.
The Euro area Industrial Production in August 2018 increased 0.9%, better than the -0.2% forecast.
Today, the US Retail Sales for Sep 2018 will be re...
Read More
Tags: EuroEURUSD Technical AnalysisUS dollarUS Retails Sales
12 October, 2018 by Aayush Jindal in Market Analysis
Key Highlights
The US Dollar started a major downside correction from the 114.50 resistance against the Japanese Yen.
There was a break below a major bullish trend line with support at 113.55 on the 4-hours chart of USD/JPY.
Recently in the US, the CPI posted an increase of 0.1% in Sep 2018 (MoM), less than the 0.2% forecast.
Today, the US Import Price Index for S...
Read More
11 October, 2018 by Aayush Jindal in Market Analysis
Key Highlights
The Euro declined recently and broke the 130.80 support against the Japanese Yen.
There is a major bearish trend line in place with resistance at 130.60 on the 4-hours chart of EUR/JPY.
Recently in Japan, the Machinery New Orders posted a growth of 6.8% in August 2018 (MoM).
Today, the US Consumer Price Index for Sep 2018 will be released, which is ...
Read More
Tags: EURJPY Technical AnalysisEuroJapanese yenUS Consumer Price IndexUS CPI
10 October, 2018 by Aayush Jindal in Market Analysis
Key Highlights
Crude oil price corrected lower and tested the $73.00 support area against the US dollar.
There are two bullish trend lines in place with support at $73.30 and $72.40 on the 4-hours chart of XTI/USD.
The NFIB Business Optimism Index in Sep 2018 declined from 108.8 to 107.9.
The US Producer Price Index for Sep 2018 will be released today, which is fo...
Read More
Tags: Crude OilCrude Oil PriceCrude Oil Price Technical AnalysisOil PriceUS dollar
09 October, 2018 by Aayush Jindal in Market Analysis
Key Highlights
The British Pound corrected higher, but it failed to hold gains above 1.3100 against the US Dollar.
There was a failed attempt to break a bearish trend line with current resistance at 1.3095 on the 4-hours chart of GBP/USD.
The Euro Zone Sentix Investor Confidence in Oct 2018 declined from 12.0 to 11.4.
Today, the NFIB Business Optimism Index for Se...
Read More
Tags: British PoundGBPUSD Technical AnalysisUS dollar
08 October, 2018 by Aayush Jindal in Market Analysis
Key Highlights
The Euro started a downside move and traded below the 1.1550 support against the US Dollar.
There is a key bearish trend line in place with resistance at 1.1530 on the 4-hours chart of EUR/USD.
The US NFP figure in Sep 2018 came in at 134K, less than the forecast of 185K.
Today, the Euro Zone Sentix Investor Confidence for Oct 2018 will be released,...
Read More
Tags: EuroEURUSD Technical AnalysisUS dollarUS Nonfarm PayrollsUS Unemployment Rate
05 October, 2018 by Aayush Jindal in Market Analysis
Key Highlights
The US Dollar remained in a consistent uptrend from the 111.80 support against the Japanese Yen.
There is a major bullish trend line formed with support at 113.60 on the 4-hours chart of USD/JPY.
The US Initial Jobless Claims for the week ending Sep 29, 2018 declined from 215K to 207K.
Today, the US NFP figure for Sep 2018 will be released, which is...
Read More
Tags: Japanese yenUS dollarUS initial jobless claimsUS Nonfarm PayrollsUSDJPY Technical Analysis
04 October, 2018 by Aayush Jindal in Market Analysis
Key Highlights
The Euro started a downside move after forming a short-term top at 133.10 against the Japanese Yen.
There was a break below a key bullish trend line with support at 132.40 on the 4-hours chart of EUR/JPY.
The US ADP Employment in Sep 2018 increased 230K, more than the 185K forecast.
Today, the US Factory Orders report for August 2018 will be release...
Read More
Tags: EURJPY Technical AnalysisEuroJapanese yenYen
03 October, 2018 by Aayush Jindal in Market Analysis
Key Highlights
Gold price recovered sharply and moved back above the $1,200 support against the US Dollar.
There was a break above a bearish trend line with resistance at $1,197 on the 4-hours chart of XAU/USD.
The UK Construction PMI in Sep 2018 declined from 52.9 to 52.1.
The US ADP Employment figure for Sep 2018 will be released today, which is likely to increa...
Read More
Tags: Gold PriceGold Price AnalysisUS ADP Employment ChangeUS dollar
