GBP/USD Recovery Above 1.3050 Looks Real

Key Highlights The British Pound recovered nicely from the 1.2958 low against the US Dollar. There is a major bearish trend line in place with resistance at 1.3190 on the 4-hours chart of GBP/USD. The US Existing Home Sales in June 2018 declined 0.6%, whereas the market was looking for a 0.5% rise. The US Manufacturing PMI for July 2018 (Prelim) will be released t...
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EUR/USD in Slow and Steady Uptrend

Key Highlights The Euro found a strong support near 1.1580 and recovered against the US Dollar. There is a key bullish trend line in place with support at 1.1600 on the 4-hours chart of EUR/USD. The pair is placed nicely above the 1.1650 support and the 100 SMA (red, 4-hour). The US Existing Home Sales for June 2018 will be released today, which is forecasted to i...
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USD/JPY’s Big Picture and Significant Uptrend

Key Highlights The US Dollar broke an important resistance near 111.00 against the Japanese Yen. There was a break above a significant contracting triangle at 111.30 on the weekly chart of USD/JPY. The US Initial Jobless Claims for the week ending July 14, 2018 declined from 215K (revised) to 207K. Japan’s National CPI in June 2018 increased 0.7% (YoY), less tha...
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EUR/JPY Likely Formed Short-term Top

Key Highlights The Euro found a strong selling interest near 132.00 and declined against the Japanese Yen. There was a break below a major bullish trend line with support at 131.80 on the 4-hours chart of EUR/JPY. The Euro Zone CPI increased 0.1% in June 2018 (MoM), less than the last +0.5%. Today in the UK, the Retail Sales figure for June 2018 will be released, ...
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Crude Oil Price Broke Key Support, Could Decline Further

Key Highlights Crude oil price topped near the $75.20-30 area and declined recently against the US dollar. There was a break below a major bullish trend line with support at $70.40 on the 4-hours chart of XTI/USD. The US Industrial Production in June 2018 increased 0.6%, similar to the forecast. Today in the US, the Building Permits figure for June 2018 (MoM) will...
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GBP/USD Back Above 1.3220, More Gains Possible

Key Highlights The British Pound was rejected from the 1.3100 support area against the US Dollar. There was a break above a major connecting bearish trend line with resistance at 1.3230 on the 4-hours chart of GBP/USD. The US Retails Sales in June 2018 increased 0.5% (MoM), similar to the forecast. Today in the UK, the Claimant Count Change for June 2018 will be r...
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EUR/USD Dips Remain Supported Near 1.1620

Key Highlights The Euro corrected lower this past week and tested the 1.1610 support against the US Dollar. There is a key bullish trend line formed with support at 1.1620 on the 4-hours chart of EUR/USD. On the upside, resistances are seen near 1.1720, 1.1740 and 1.1750. Today in the US, the Retail Sales figure for June 2018 will be released, which is forecasted ...
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USD/JPY Surged Above 112.00, More Gains Seem Likely

Key Highlights The US Dollar surged higher this week and broke the 111.40 resistance against the Japanese Yen. There is a crucial bullish trend line formed with support at 111.20 on the daily chart of USD/JPY. The US CPI in June 2018 increased 0.1%, less than the forecast of +0.2%. Today in the US, the PPI figure for June 2018 will be released, which is forecasted...
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Gold Price Facing Major Resistance Near $1,265

Key Highlights Gold price corrected higher, but it failed to break the $1,265 resistance against the US Dollar. There is a key bearish trend line formed with resistance near $1,264 on the 4-hours chart of XAU/USD. The US PPI in June 2018 increased 0.3% (MoM), more than the forecast of +0.2%. Today in the US, the CPI figure for June 2018 will be released, which is ...
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Can AUD/USD Recover Further Above 0.7500?

Key Highlights The Aussie Dollar recovered after forming a decent support near 0.7300-0.7310 against the US Dollar. There was a break above a major bearish trend line with resistance at 0.7395 on the 4-hours chart of AUD/USD. Australia’s Home Loans figure in May 2018 increased 1.1%, compared with the forecast of -1.9%. Today in the US, the PPI figure for June 20...
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