GBP/USD Holding Key Supports Above 1.3080

Key Highlights The British Pound corrected lower and found support near 1.3060 against the US Dollar. During the correction, there was a break below a bullish trend line at 1.3170 on the 4-hours chart of GBP/USD. The Chicago Fed National Activity Index (CFNAI) in August remained at 0.18. Today, the US Housing Price Index for July 2018 will be released, which is fo...
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EUR/USD Remains Supported Near 1.1700

Key Highlights The Euro made a nice upside move and traded above 1.1700 level against the US Dollar. There is a key bullish trend line in place with support near 1.1700 on the 4-hours chart of EUR/USD. The US Services PMI in Sep 2018 (Prelim) declined from 54.8 to 52.6. Today, the Chicago Fed National Activity Index (CFNAI) for August 2018 will be released, which ...
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USD/JPY Is Likely To Continue Higher Above 112.00

Key Highlights The US Dollar recovered nicely after testing the 110.00 support against the Japanese Yen. There are two key bullish trend lines in place with support near 110.80 on the daily chart of USD/JPY. The US Consumer Price Index in August 2018 increased 0.2%, compared with the +0.3% forecast. Today, the US Retail Sales for August 2018 will be released, whic...
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NZD/USD Recovery Faces Resistance Near 0.6570

Key Highlights The New Zealand Dollar declined recently and traded towards 0.6500 against the US Dollar. There is a major bearish trend line formed with resistance at 0.6560 on the 4-hour chart of NZD/USD. The US Producer Price Index in August 2018 declined 0.1%, compared with the +0.2% forecast. Today, the US Consumer Price Index for August 2018 will be released,...
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AUD/USD Is In Significant Downtrend Below 0.7250

Key Highlights The Aussie dollar declined recently and broke the 0.7180 support against the US Dollar. There is a major bearish trend line in place with resistance at 0.7135 on the 4-hour chart of AUD/USD. The NFIB Business Optimism Index in the US climbed from 107.8 to 108.8 in August 2018. Today, the US Producer Price Index for August 2018 will be released, whic...
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GBP/USD Eyeing Upside Break, UK’s Jobs Report Next

Key Highlights The British Pound found support near 1.2900 and recovered against the US Dollar. There is a major bullish trend line formed with support at 1.2840 on the 4-hour chart of GBP/USD. The UK Gross Domestic Product in July 2018 increased 0.3% (MoM), more than the 0.2% forecast. Today, the UK Claimant Count Change for August 2018 will be released, which is...
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EUR/USD Approaching Crucial Support Near 1.1515

Key Highlights The Euro formed a short-term top at 1.1733 and declined against the US Dollar. There was a break below a connecting bullish trend line with support at 1.1630 on the 4-hour chart of EUR/USD. The US NFP in August 2018 increased 201K, more than the 191K forecast. Today, the UK GDP for July 2018 will be released, which is forecasted to rise 0.3% (MoM). ...
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USD/JPY Breaks Down Below 110.80 Ahead of US NFP

Key Highlights The US Dollar struggled on two occasions to break the 111.80 resistance against the Japanese Yen. There was a double top pattern formed with resistance at 111.80-82 on the 4-hour chart of USD/JPY. The US ADP Employment Change in August 2018 was 163K, less than the 190K forecast. Today, the US NFP figure for August 2018 will be released, which is for...
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EUR/GBP Could Trade Further Higher Toward 0.9080

Key Highlights The Euro found fresh bids near the 0.8940 level and recovered against the British Pound. There was a break above a major bearish trend line with resistance at 0.9010 on the 4-hour chart of EUR/GBP. The Euro Zone Services PMI in August 2018 remained stable at 54.4. Today, the US ADP Employment Change for August 2018 will be released, which is forecas...
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USD/CHF Recovery Could Be Capped Near 0.9780

Key Highlights The US Dollar found support near 0.9650 and recovered against the Swiss Franc. There is a key bearish trend line in place with resistance at 0.9775 on the 4-hour chart of USD/CHF. The Swiss Consumer Price Index remained flat in August 2018 (MoM). Today, the US Trade Balance figure will be released for July 2018, which is forecasted to post a deficit...
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