USD/JPY Nosedives Below 112.00, US GDP Next

Key Highlights The US Dollar declined heavily and broke the 112.00 support against the Japanese Yen. USD/JPY failed to break the 113.80-114.00 resistance zone and declined sharply. The US Initial Jobless Claims for the week ending Dec 15, 2018 increased from 206K to 214K. Today, the US Gross Domestic Product for Q3 2018 will be released, which is forecasted to gro...
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USD/CAD Remains Well Supported On Dips

Key Highlights The US Dollar traded higher recently and broke the 1.3400 resistance against the Canadian Dollar. There is a major bullish trend line formed with support at 1.3420 on the 4-hours chart of USD/CAD. The Canadian CPI increased 1.7% in Nov 2018 (YoY), less than the forecast of 1.8%. Today, the US Initial Jobless Claims will be released, which is forecas...
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Gold Price In Significant Uptrend, Fed Rate Decision Next

Key Highlights Gold price climbed higher recently and broke the $1,240 resistance against the US Dollar. There was a break above a major bearish trend line with resistance at $1,242 on the 4-hours chart of XAU/USD. The US Housing Starts in Nov 2018 increased from the last revised reading of 1.217M to 1.256M (MoM). Today, the Fed Interest Rate Decision will be anno...
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GBP/USD’s Recovery Could Fail Near 1.2700

Key Highlights The British Pound found support near 1.2475 and recently recovered against the US Dollar. There are two important bearish trend lines in place with resistance near 1.2700 on the 4-hours chart of GBP/USD. The Euro Zone Core CPI declined 0.3% in Nov 2018 (MoM), more than the forecast of -0.2%. Today, the US Housing Starts for Nov 2018 will be released...
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EUR/USD Broke Key Support, More Losses Likely

Key Highlights The Euro failed to surpass the 1.1440 resistance and declined recently against the US Dollar. There was a break below a key bullish trend line with support at 1.1330 on the 4-hours chart of EUR/USD. The US Retail Sales in Nov 2018 increased 0.2% (MoM), similar to the forecast. Today, the Euro Zone CPI for Nov 2018 will be released, which is forecast...
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USD/JPY Approaching Significant Resistance Near 114.00

Key Highlights The US Dollar climbed higher recently and traded above the 113.00 resistance against the Japanese Yen. There was a break above a major bearish trend line with resistance at 113.24 on the 4-hours chart of USD/JPY. The US Initial Jobless Claims for the week ending Dec 08, 2018 declined from 233K (revised) to 206K. Today, the US Retail Sales figure for...
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EUR/GBP Remains In Uptrend Above 0.8940

Key Highlights The Euro rallied recently and traded above the 0.8900 and 0.9000 resistances against the British Pound. There is a crucial bullish trend line formed with support at 0.8960 on the 4-hours chart of EUR/GBP. The US CPI in Nov 2018 increased 2.2% (YoY), similar to the forecast, but less than the last 2.5%. Today, the ECB Interest Rate Decision is lined ...
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GBP/JPY Could Struggle To Surpass 143.50

Key Highlights The British Pound fell significantly and tested the 141.00 support area against the Japanese Yen. There are two key bearish trend lines formed with resistance near 143.40-50 on the 4-hours chart of GBP/JPY. The UK Claimant Count in Nov 2018 changed 21.9K, more than the 13.2K forecast. Today, the US Consumer Price Index for Nov 2018 will be released,...
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GBP/USD In Significant Downtrend Below 1.2800

Key Highlights The British Pound declined heavily and broke the 1.2660 support against the US Dollar. There are two important bearish trend lines formed with resistance near 1.2775 on the 4-hours chart of GBP/USD. The UK Industrial Production in Nov 2018 declined 0.6% (MoM), whereas the market was looking for a 0.1% rise. Today, the UK Claimant Count figure for No...
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EUR/USD Likely Approaching Bullish Break

Key Highlights The Euro recovered recently and traded above the 1.1350 resistance against the US Dollar. There is a major bullish trend line formed with support at 1.1350 on the 4-hours chart of EUR/USD. The Chinese CPI in Nov 2018 increased 2.2% (YoY), less than the forecast of 2.4%. Today, the German Trade Balance for Oct 2018 will be released, which is forecast...
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