Gold Price Gaining Momentum Above $1,200, US GDP Next

Key Highlights Gold price climbed higher recently and broke the $1,200 and $1,205 resistances against the US Dollar. There was a break above a major bearish trend line with resistance near $1,198 on the 4-hours chart of XAU/USD. The US Wholesale Inventories in July 2018 (Preliminary) increased 0.7%, more than the +0.1% forecast. The US Gross Domestic Product for Q...
Read More

GBP/USD is Eyeing Upside Break above 1.2950

Key Highlights The British Pound made a nice upside move and traded above 1.2800 resistance against the US Dollar. There is a key bearish trend line in place with resistance at 1.2900-1.2920 on the 4-hour chart of GBP/USD. The US Dallas Fed Manufacturing Business Index in August 2018 declined from 32.3 to 30.9. Today, the US Wholesale Inventories for July 2018 (pr...
Read More

EUR/USD Signaling Bullish Continuation Above 1.1620

Key Highlights The Euro made a nice upside move from the 1.1300 swing low against the US Dollar. There was a break above a crucial bearish trend line with resistance at 1.1460 on the 4-hour chart of EUR/USD. The US Durable Goods Orders declined 1.7% in July 2018, more than the -0.5% forecast. Today, the German IFO Business Climate Index for August 2018 will be rel...
Read More

USD/JPY Likely To Recover Further Towards 111.50/80

Key Highlights The US Dollar found support near the 109.80 support against the Japanese Yen. There was a break below a major bullish trend line with support at 111.10 on the daily chart of USD/JPY. The US Initial Jobless Claims for the week ending August 18, 2018 declined from 212K to 210K. Today, the US Durable Goods Orders for July 2018 will be released, which i...
Read More

EUR/JPY Could Continue to Climb Towards 129.00

Key Highlights The Euro made a nice upside move and traded above the 127.00 resistance against the Japanese Yen. There was a break above a key bearish trend line with resistance at 1.2670 on the 4-hours chart of EUR/JPY. The Nikkei Manufacturing PMI for August 2018 (Prelim) increased from 52.3 to 52.5. Today, the Euro Zone Manufacturing PMI for August 2018 (Prelim...
Read More

USD/CAD Is Likely To Extend Slides Toward 1.2960

Key Highlights The US Dollar faced a major resistance near 1.3170-80 against the Canadian Dollar and declined. There was a break below a key bullish trend line with support at 1.3090 on the 4-hours chart of USD/CAD. Recently, the Canadian Wholesales Sales for June 2018 declined 0.8% (MoM). Today, the Canadian Retail Sales for June 2018 will be released, which is f...
Read More

Can GBP/USD Continue to Rebound Toward 1.2900?

Key Highlights The British Pound found support near the 1.2660 level and recovered nicely against the US Dollar. There was a break above a connecting bearish trend line at 1.2720 on the 4-hours chart of GBP/USD. Recently, the German PPI for July 2018 posted a 0.2% rise (MoM), less than the last +0.3%. Today, the UK CBI Industrial Trends Orders for August 2018 will...
Read More

EUR/USD Rebound is Facing Tough Challenges

Key Highlights The Euro started an upward move after trading as low as 1.1301 against the US Dollar. There is a major bearish trend line in place with resistance near 1.1485 on the 4-hours chart of EUR/USD. The Euro Zone CPI in July 2018 decreased 0.3%, compared with the last 0.1% increase. The yearly change was 2.1%, similar to the last reading and forecast. E...
Read More

USD/JPY Upsides Remain Capped Near 111.20

Key Highlights The US Dollar remains in a short-term downtrend below the 111.50 pivot level against the Japanese Yen. There is a declining channel forming with resistance near 111.20 on the 4-hours chart of USD/JPY. The US Initial Jobless Claims for the week ending August 11, 2018 declined from 214K to 212K. Today, the Euro Zone CPI figure for July 2018 will be re...
Read More

GBP/JPY Remains Bearish, Could Break 140.00

Key Highlights The British Pound declined heavily and broke the 142.40 support against the Japanese Yen. There is a major bearish trend line formed with resistance at 141.70 on the 4-hours chart of GBP/JPY. The pair remains at a risk of a break below the 140.20 and 140.00 support levels. Today, the UK Retail Sales figure for July 2018 will be released, which is fo...
Read More

«...1011...203040...»