USD/JPY Testing Crucial Resistance Near 112.00

Key Highlights The US Dollar corrected lower this week and recently rebounded above 111.50 against the Japanese Yen.A major bullish trend line is formed with support at 111.10 on the 4-hours chart of USD/JPY.The US Initial Jobless Claims for the week ending April 06, 2019 declined to 196K.The Michigan Consumer Sentiment Index in April 2019 (Prelim) might drop from 98.4 to 9...
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Crude Oil Price Rallies To New 2019 High

Key Highlights Crude oil price started a strong rise and traded to a new 2019 high above $64.00 against the US dollar.There was a break above a bullish flag pattern with resistance at $62.40 on the 4-hours chart of XTI/USD.The US CPI in March 2019 increased 0.4% (MoM), more than the +0.3% forecast.The US PPI in March 2019 could rise 0.3% (MoM), less than the last +0.1%. ...
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Can Gold Price Continue Higher Heading Into FOMC Minutes?

Key Highlights Gold price started a solid rebound after trading as low as $1,280.80 against the US Dollar.There was a break above a crucial declining channel with resistance at $1,292 on the 4-hours chart of XAU/USD.The US NFIB Business Optimism Index increased from 101.7 to 101.8 in March 2018.The US Consumer Price Index in March 2019 could increase 0.3% (MoM), less than t...
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EUR/USD Remains At Risk Of More Losses

Key Highlights The Euro declined this past week and broke the 1.1250 support against the US Dollar.EUR/USD is following a bearish trend line with resistance at 1.1235 on the 4-hours chart.The US Nonfarm Payrolls in March 2019 increased 196K, better than the 180K forecast.The US Factory Orders in Feb 2019 might decline around 0.6% (MoM). EURUSD Technical Analysis The E...
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Can USD/JPY Surpass The Key 112.00 Resistance?

Key Highlights The US Dollar climbed higher and broke the 111.00 resistance against the Japanese Yen.USD/JPY broke a major bearish trend line at 111.15 on the 4-hours chart.The US Initial Jobless Claims for the week ending March 30, 2019 declined to 202K from 212K.The US Nonfarm Payrolls in March 2019 could rise from 20K to 180K. USDJPY Technical Analysis After formin...
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USD/CHF Remains At Risk Of More Downsides

Key Highlights The US Dollar recently failed to break the key 1.0000 resistance against the Swiss Franc.A crucial resistance is formed near 0.9990 on the 4-hours chart of USD/CHF.The US ISM Non-Manufacturing Index declined from 59.7 to 56.1 in March 2019.The US Initial Jobless Claims for the week ending March 30, 2019 could rise from 211K to 216K. USDCHF Technical Analys...
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GBP/JPY Signaling Bullish Continuation Above 147.00

Key Highlights The British Pound recovered and broke the 146.40 resistance against the Japanese Yen.GBP/JPY cleared a crucial bearish trend line with resistance at 145.80 on the 4-hours chart.The UK Construction PMI in March 2019 increased from 49.5 to 49.7.The UK Services PMI for March 2019 is likely to decline from 51.3 to 50.9. GBPJPY Technical Analysis This past w...
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GBP/USD Rebound Could Face Strong Resistance

Key Highlights The British Pound found support near 1.2980 and recently recovered against the US Dollar. A major bearish trend line is in place with resistance at 1.3190 on the 4-hours chart of GBP/USD. The UK Manufacturing PMI in March 2019 increased from 52.1 to 55.1. The UK Construction PMI for March 2019 is likely to rise from 49.5 to 49.8. GBPUSD Technical...
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EUR/USD Turned Bearish Below 1.1280

Key Highlights The Euro started a major decline below the 1.1300 support against the US Dollar. EUR/USD traded below key bullish trend lines at 1.1340 and 1.1295 on the 4-hours chart. The US Personal Income increased 0.2% in Feb 2019 (MoM), less than the +0.3% forecast. The US ISM Manufacturing Index for March 2019 is likely to increase from 54.2 to 54.5. EURUS...
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USD/JPY Could Struggle Near 111.00 Resistance

Key Highlights The US Dollar found support near 109.70 and recently rebounded higher against the Japanese Yen. A crucial resistance is formed near the 111.00 zone on the 4-hours chart of USD/JPY. The US Initial Jobless Claims for the week ending March 23, 2019 declined from 216K to 211K. The US Personal Income for Feb 2019 is likely to increase 0.3% (MoM). USDJ...
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