Can USD/JPY Break The 110.60 Resistance?

Key Highlights The US Dollar is trading in a positive zone above the 109.60 support against the Japanese Yen. There is a major contracting triangle formed with resistance near 110.50-60 on the 4-hours chart of USD/JPY. The US GDP in Q1 2018 grew 2%, less than the forecast of 2.2%. Tokyo’s CPI in June increased 0.6% (YoY), compared with the forecast of 0.5%. U...
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USD/CHF Remains Supported Ahead of USD GDP

Key Highlights The US Dollar is trading in a bullish zone above the 0.9880 support against the Swiss Franc. There is a crucial bullish trend line formed with support at 0.9880 on the 4-hours chart of USD/CHF. The US durable goods orders decreased 0.6% in May 2018 (MoM), less than the forecast of -1.0%. Today in the US, the GDP figure for Q1 2018 will be released, ...
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Can Crude Oil Price Trade Above $72?

Key Highlights Crude oil price stated a fresh upside wave from the $63.50 support area against the US dollar. There was a break above a key bearish trend line with resistance at $66.00 on the 4-hours chart of XTI/USD. The US S&P/Case-Shiller Home Price Indices in April 2018 increased 6.6%, less than the forecast of 6.8%. Today in the US, the Pending Home Sales...
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GBP/USD Turned Positive Above 1.3200

Key Highlights The British Pound found strong bids near 1.3100 and recovered above 1.3200 against the US Dollar. There was a break above a bearish trend line with resistance at 1.3235 on the 4-hours chart of GBP/USD. The Chicago Fed National Activity Index (CFNAI) declined in May 2018 from the last revised reading of 0.42 to -0.15. Today in the UK, CBI Industrial ...
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EUR/USD is Likely Forming Double Bottom at 1.1510

Key Highlights The Euro declined and retested the last swing low of 1.1505-10 against the US Dollar. There is a connecting bearish trend line in place with resistance at 1.1700 on the 4-hours chart of EUR/USD. The US Services Purchasing Managers Index (PMI) (Prelim) in June 2018 declined from 56.8 to 56.5. Today in the US, the New Home Sales Change for May 2018 wi...
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USD/JPY Following Uptrend Above 110.00

Key Highlights The US Dollar traded higher recently and settled above 109.80 against the Japanese Yen. There is a major ascending channel in place with support at 110.00 on the 4-hours chart of USD/JPY. The US Initial Jobless Claims for the week ending June 16, 2018 posted a decline from the last revised reading of 221K to 218K. Today in the US, the preliminary re...
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GBP/JPY Upsides Remain Capped By 146.00

Key Highlights The British Pound declined recently and settled below a major support at 146.20 against the Japanese Yen. There is a key bearish trend line in place with resistance at 146.90 on the 4-hours chart of GBP/JPY. Recently in the UK, the CBI Industrial Trends Index increased from -3 to 13 in June 2018. Today in the UK, the BOE interest rate decision is li...
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Gold Price Broke Key Support, Turned Bearish

Key Highlights Gold price failed to hold a major support near $1,285 and declined against the US Dollar. There was a break below a major bullish trend line with support at $1,296 on the 4-hours chart of XAU/USD. The US Housing Starts in May 2018 increased 5%, more than the forecast of +1.4%. Today, the US Existing Home Sales figure for May 2018 will be released, w...
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GBP/USD Likely to Revisit 1.3200 In Near Term

Key Highlights The British Pound declined sharply from well above 1.3400 and broke 1.3300 against the US Dollar. There was a downside break below 1.3330 on the 4-hours chart of GBP/USD. The pair is now in a bearish zone and it could decline back towards the 1.3200 level in the near term. Today in the US, the Building Permits for May 2018 will be released, which is...
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Can EUR/USD Hold The 1.1500 Support?

Key Highlights The Euro failed to move above the 1.1850 resistance and declined sharply against the US Dollar. There was a break below two key bullish trend lines with support near 1.1760 and 1.1700 on the 4-hours chart of EUR/USD. The Euro Zone CPI in May 2018 increased 0.5% (MoM), like the forecast. Today in the US, the NAHB Housing Market for June 2018 will be ...
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