24 April, 2018 by Aayush Jindal in Market Analysis
Key Highlights
Gold price started a downside move from the $1,355 level against the US Dollar.
There was a break below two bullish trend lines at $1,345 and $1,335 on the 4-hours chart of XAU/USD.
The US Existing Home sales in March 2018 grew 1.1%, more than the +0.2% forecast.
Today, the US New Home Sales report for March 2018 will be released, which is forecaste...
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Tags: Gold PriceGold Price Technical AnalysisUS dollarUS Existing Home salesUS New Home Sales
23 April, 2018 by Aayush Jindal in Market Analysis
Key Highlights
The Euro failed to move above 1.2420 and declined sharply against the US Dollar.
There was a break below a major bullish trend line with support at 1.2365 on the 4-hours chart of EUR/USD.
The Euro Zone Manufacturing PMI for April 2018 (Prelim) will be released today, which is forecasted to remain at 56.6.
The US Existing Home Sales report for March ...
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Tags: EuroEuro Zone Manufacturing PMIEURUSD Technical AnalysisUS dollarUS Existing Home sales
20 April, 2018 by Aayush Jindal in Market Analysis
Key Highlights
The US Dollar is trading in a bullish zone above the 107.00 support against the Japanese Yen.
There are two important bullish trend lines forming with support at 107.00-10 on the 4-hours chart of USD/JPY.
The US Initial Jobless Claims for the week ending April 14, 2018 declined from 233K to 232K.
Japan’s National CPI in March 2018 (YoY) increased ...
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Tags: Japanese yenUS dollarUS initial jobless claimsUSDJPY Technical Analysis
19 April, 2018 by Aayush Jindal in Market Analysis
Key Highlights
The Euro started a nice upside move from the 0.8620 low against the British Pound.
The EUR/GBP pair is attempting an upside break above a crucial bearish trend line at 0.8695 on the 4-hours chart.
The UK CPI in March 2018 increased 2.5% (YoY), less than the forecast of +2.7%.
Today, the UK Retail Sales report for March 2018 will be released, which i...
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Tags: British PoundEURGBP Technical AnalysisEuroUK Consumer Price IndexUK Retail Sales
18 April, 2018 by Aayush Jindal in Market Analysis
Key Highlights
The British Pound faced a strong selling interest near the 1.4375 level against the US Dollar.
There is a crucial bullish trend line in place with support at 1.4280 on the 4-hours chart of GBP/USD.
The UK Claimant Change in March 2018 was 11.6K, more than the forecast of 5.0K.
Today, the UK CPI report for March 2018 will be released, which is foreca...
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Tags: British PoundEuro Zone CPIGBPUSD Technical AnalysisUK Claimant Count ChangeUK Consumer Price IndexUS dollar
17 April, 2018 by Aayush Jindal in Market Analysis
Key Highlights
Crude oil price moved higher this past week and settled above $65.00 against the US dollar.
There was a break above a crucial declining channel with resistance at $63.80 on the 4-hours chart of XTI/USD.
The US Retail Sales in March 2018 increased 0.6% (MoM), more than the +0.4% forecast.
China’s GDP in Q1 2018 grew 6.8%, compared with the forecast...
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Tags: Crude Oil PriceCrude Oil Price ChartCrude Oil Price Technical AnalysisUK Claimant Count ChangeUS dollar
16 April, 2018 by Aayush Jindal in Market Analysis
Key Highlights
The Euro declined this past week and tested the 1.2300 support zone against the US Dollar.
There is a key bullish trend line forming with support at 1.2325 on the 4-hours chart of EUR/USD.
The Euro Zone Trade Balance in Feb 2018 posted a trade surplus of €21.0B, better than the forecast of €20.2B.
Today, the US Retail Sales for March 2018 will b...
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Tags: EuroEURUSD Technical AnalysisUS dollarUS Retail sales
13 April, 2018 by Aayush Jindal in Market Analysis
Key Highlights
The US Dollar formed a major support at 104.60 and recovered nicely against the Japanese Yen.
There was a break above a significant bearish trend line with resistance at 106.35 on the daily chart of USD/JPY.
The US Initial Jobless Claims in the week ending April 7th, 2018 declined from 242K to 233K.
Today, the Michigan Consumer Sentiment Index for A...
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Tags: Japanese yenUS dollarUS initial jobless claimsUSDJPY Technical Analysis
12 April, 2018 by Aayush Jindal in Market Analysis
Key Highlights
The Euro is trading in a positive zone above the 131.50 pivot level against the Japanese Yen.
There is a crucial bullish trend line forming with support at 131.60 on the 4-hours chart of EUR/JPY.
The US Consumer Price Index in March 2018 increased 2.4% (YoY), more than the last +2.2%.
Today, the ECB Monetary Policy Meeting Account will be released, ...
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Tags: ECBEURJPY Technical AnalysisEuroJapanese yenUS Consumer Price Index
11 April, 2018 by Aayush Jindal in Market Analysis
Key Highlights
Gold price found support near the $1,320 level and recovered recently against the US Dollar.
There are two bullish trend lines forming with support near $1,328 on the 4-hours chart of XAU/USD.
The US PPI in March 2018 posted a rise of 3% (YoY), more than the forecast of 2.9%.
Today, the US CPI report for March 2018 will be released, which is forecas...
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Tags: Gold PriceGold Price Technical AnalysisUS Consumer Price IndexUS dollarUS PPI
