17 October, 2019 by Aayush Jindal in Market Analysis
Key Highlights
Gold price is trading below a major hurdle near
$1,500 against the US Dollar.There is a crucial bearish trend line forming
with resistance near $1,500 on the 4-hours chart of XAU/USD.The US Retail Sales declined 0.3% in Sep 2019
(MoM), whereas the forecast was +0.3%.The US Industrial Production could decline 0.1%
in Sep 2019 (MoM), whereas the last was +0.6%....
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Tags: Gold PriceGold Price Technical AnalysisUS dollarUS Industrial productionUS Retails Sales
16 October, 2019 by Aayush Jindal in Market Analysis
Key Highlights
EUR/GBP declined heavily below the 0.8880 and
0.8800 support levels. The next key support is near the 0.8640 and
0.8620 levels.The Euro Zone CPI could rise 0.9% in Sep 2019
(YoY), similar to the last reading.UK’s CPI might increase 1.8% in Sep 2019 (YoY),
more than the last +1.7%.
EUR/GBP Technical Analysis
This past week, there was a sharp rise in GB...
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Tags: British PoundCanadian Consumer Price IndexEUR/GBP Technical AnalysisEuroEuro Zone CPIUK CPI
15 October, 2019 by Aayush Jindal in Market Analysis
Key Highlights
GBP/USD started a downside correction from the
1.2700 resistance. There are many supports near the 1.2500 and
1.2420 levels.The UK Claimant Count could change 27.9K in Sep
2019, less than the last 28.2K.EUR/USD is holding an important support area
near the 1.1000 level.
GBP/USD Technical Analysis
This past week, there was a sharp increase in the British...
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Tags: British PoundGBP/USD Technical AnalysisUK Claimant Count ChangeUK UnemploymentUS dollar
14 October, 2019 by Aayush Jindal in Market Analysis
Key Highlights
After a long struggle, the Euro managed to clear
the 1.1000 resistance against the US Dollar. A connecting bullish trend line is forming with
support near 1.1000 on the 4-hours chart of EUR/USD.The Michigan Consumer Sentiment Index increased
from 93.2 to 96.0 in Oct 2019 (Prelim). The Euro Zone Industrial Production might
increase 0.3% in August 2019 (MoM).
...
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Tags: EUR/USD Technical AnalysisUS dollar
11 October, 2019 by Aayush Jindal in Market Analysis
Key Highlights
The US Dollar started a fresh increase from the
106.50 support against the Japanese Yen. A key ascending channel is forming with support
near 107.35 on the 4-hours chart of USD/JPY.The US CPI in Sep 2019 was unchanged, whereas
the forecast was +0.1% (MoM). The Michigan Consumer Sentiment Index could
decline from 93.2 to 92.0 in Oct 2019 (Prelim).
USD/JPY T...
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Tags: Canadian Unemployment ReportJapanese yenUS CPIUS dollarUSD/JPY Technical Analysis
10 October, 2019 by Aayush Jindal in Market Analysis
Key Highlights
The Aussie Dollar started an upside correction
from the 0.6670 low against the US Dollar. AUD/USD surpassed a major bearish trend line at
0.6735 on the 4-hours chart.The US Wholesale Inventories increased 0.2% in
August 2019, less than the +0.4% forecast. The US CPI might increase 0.1% in Sep 2019 (MoM),
similar to the last reading.
AUD/USD Technical Analy...
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Tags: AUD/USD Technical AnalysisAussie dollarUS Consumer Price IndexUS CPIUS dollar
09 October, 2019 by Aayush Jindal in Market Analysis
Key Highlights
Gold price recovered from $1,460 and settled
above $1,485 against the US Dollar.There is a key bearish trend line forming with
resistance near $1,510 on the 4-hours chart of XAU/USD.The US PPI declined 0.3% in Sep 2019 (MoM), whereas
the forecast was +0.1%.Today’s FOMC Meeting Minutes could impact gold
price in the short term.
Gold Price Technical Analys...
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Tags: FOMC Meeting MinutesGold PriceGold Price Technical AnalysisUS dollarUS PPI
08 October, 2019 by Aayush Jindal in Market Analysis
Key Highlights
The British Pound rebounded after it found
support near 1.2200 against the US Dollar. A key bearish trend line is forming with
resistance near 1.2375 on the 4-hours chart of GBP/USD.The UK Halifax House Price Index declined 0.4%
in Sep 2019 (MoM), whereas the forecast was +0.1%.The US Producer Price Index could increase 0.1%
in Sep 2019 (MoM).
GBP/USD Tech...
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Tags: British PoundGBP/USD Technical AnalysisUS dollarUS PPI
07 October, 2019 by Aayush Jindal in Market Analysis
Key Highlights
The Euro started an upside correction from the
1.0879 low against the US Dollar. EUR/USD managed to surpass a bearish trend line
at 1.0965 on the 4-hours chart.The US nonfarm payrolls increased 136K in Sep
2019, less than the market forecast of 145K.The US unemployment rate declined to 3.5%,
lowest since December 1969.
EUR/USD Technical Analysis
The Eur...
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Tags: EUR/USD Technical AnalysisEuroUS dollarUS NFPUS Nonfarm PayrollsUS Unemployment Rate
04 October, 2019 by Aayush Jindal in Market Analysis
Key Highlights
The US Dollar started a fresh decline from the
108.50 resistance against the Japanese Yen. USD/JPY traded below a bullish trend line with
support near 107.45 on the 4-hours chart.The US ISM Non-Manufacturing Index declined
sharply from 56.4 to 52.6 in Sep 2019.The US nonfarm payrolls could increase 145K in
Sep 2019, better than the last 130K.
USD/JPY Techn...
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Tags: Japanese yenUS dollarUS NFPUS Nonfarm PayrollsUSD/JPY Technical Analysis
