NZD/USD Could Correct Before Fresh Increase

Key Highlights The New Zealand Dollar recovered nicely above 0.6400 against the US Dollar. NZD/USD surpassed a major bearish trend line with resistance near 0.6340 on the 4-hours chart.The US NFIB Business Optimism Index decreased from 104.7 to 103.1 in August 2019.The US PPI could increase 0.1% in August 2019 (MoM), less than the last +0.2%. NZD/USD Technical Analysis ...
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GBP/USD Showing Positive Signs Above 1.2300

Key Highlights The British Pound gained traction and broke the 1.2300 resistance area against the US Dollar. GBP/USD is facing resistance near 1.2400 and a trend line on the 4-hours chart.The UK Manufacturing Production in July 2019 increased 0.3% (MoM).The UK Claimant Count could change 29.3K in August 2019, less than the last 28.0K. GBP/USD Technical Analysis The Br...
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EUR/USD Rebound Facing Resistance Near 1.1100

Key Highlights The Euro started an upside correction from the 1.0925 low against the US Dollar. EUR/USD is facing resistance near 1.1080 and a bearish trend line on the 4-hours chart.The US Nonfarm Payrolls increased 130K in August 2019, less than the 158K market forecast.The UK Industrial production could decline 0.1% in July 2019 (MoM), similar to the last month. EUR/U...
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USD/JPY Gaining Bullish Momentum, US NFP Report Next

Key Highlights The US Dollar gained momentum above the 106.80 resistance against the Japanese Yen. USD/JPY broke a crucial bearish trend line with resistance near 106.50 on the 4-hours chart.The US ISM Non-Manufacturing PMI increased from 53.7 to 56.4 in August 2019.The US nonfarm payrolls in August 2019 could increase 158K, less than the last 164K. USD/JPY Technical Ana...
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Gold Price Remains Well Supported For More Gains

Key Highlights Gold price seems to be facing resistance near $1,550 and $1,555 against the US Dollar.A crucial bullish trend line is forming with support at $1,530 on the 4-hours chart of XAU/USD.EUR/USD recovered above 1.1000 and GBP/USD surged more than 150 pips recently.The US ADP Employment could change 148K in August 2019, less than the last 156K. Gold Price Technic...
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Crude Oil Price At Risk of More Downsides

Key Highlights Crude oil price failed to surpass the key resistance near $57.00 against the US dollar.XTI/USD traded below a major bullish trend line with support at $54.75 on the 4-hours chart.GBP/USD spiked below the 1.2000 support and EUR/USD fell below 1.0950.The US ISM Manufacturing Index declined sharply from 51.2 to 49.1 in August 2019. Crude Oil Price Technical A...
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GBP/USD Restarts Downtrend, 1.2000 Support At Risk

Key Highlights The British Pound declined below the key 1.2150 support area against the US Dollar. GBP/USD traded below a major bullish trend line with support at 1.2175 on the 4-hours chart.The UK Manufacturing PMI declined from 48.0 to 47.4 in August 2019.UK’s Construction PMI could increase from 45.3 to 45.9 in August 2019. GBP/USD Technical Analysis After a dec...
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EUR/USD Tumbles To New 2-Year Low, More Downsides Ahead

Key Highlights The Euro extended its decline and traded below 1.1000 against the US Dollar. EUR/USD might correct higher, but most likely to struggle near 1.1020 and 1.1050.The Caixin China Manufacturing PMI increased from 49.9 to 50.4 in August 2019.The Euro Zone Manufacturing PMI is likely to remain flat near 47.0 in August 2019. EUR/USD Technical Analysis This pas...
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USD/JPY Facing Uphill Task Near 107.00 Resistance

Key Highlights The US Dollar recovered strongly after a sharp decline to 104.45 against the Japanese Yen. USD/JPY is facing a strong resistance on the upside near 106.80 and 107.00.The US GDP in Q2 2019 (Prelim) increased 2.0%, similar to the market forecast.The US Personal Income might rise 0.3% in July 2019, less than the last +0.4%. USD/JPY Technical Analysis This...
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Gold Price Could Rally To $1,560, US GDP Next

Key Highlights Earlier this week, gold price surged to a new 6-year high at $1,555 against the US Dollar.The price remains supported near $1,525 and a bullish trend line on the 4-hours chart.EUR/USD is struggling below 1.1120 and GBP/USD is holding the key 1.2150 support.The US GDP in Q2 2019 is likely to grow 2% (preliminary), less than the last 2.1%. Gold Price Technic...
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