GBP/JPY – British Pound on Recovery Mode Vs Japanese Yen

Key Highlights The British Pound after declining towards 139.50 against the Japanese Yen found support. The GBPJPY pair broke a major bearish trend line at 140.20 on the 4-hours chart to initiate a recovery. Japan’s Unemployment Rate remained at 2.8% in July 2017. The Jobs to application ratio in July 2017 increased from the last reading of 1.51 to 1.52. GBP/...
Read More

EUR/USD – Euro Eyeing Test of 1.2000 Vs US Dollar

Key Highlights The Euro surged higher this past week and traded towards 1.1960 against the US Dollar. The EUR/USD pair broke a couple of important bearish trend lines near 1.1800 on the 4-hours chart. Euro Zone’s M3 Money Supply for July 2017 was up by 4.5%, compared with the forecast of +4.9% (YoY). The Dallas Fed Manufacturing Business Index for August 2017 wi...
Read More

USD/JPY – US Dollar Faces Strong Offers Near 110.00 Vs Japanese Yen

Key Highlights The US Dollar recovered from 108.60 against the Japanese Yen, but faces an uphill task near 110.00. There is a major resistance zone forming near 109.75-110.00 on the 4-hours chart of USD/JPY. Japan’s National Consumer Price Index for July posted a 0.4% rise (YoY), similar to the last +0.4%. Tokyo’s Consumer Price Index in August 2017 increased ...
Read More

AUD/JPY – Aussie Dollar At Risk of Breakdown Vs Japanese Yen

Key Highlights The Aussie Dollar is struggling against the Japanese Yen and just holding the 86.00 support. There is a steep bearish trend line with resistance at 86.20 forming on the 4-hours chart of AUD/JPY. Japan’s Leading Economic Index for June 2017 posted an increase from the last revised reading of 104.7 to 105.9. Japan’s Coincident Index for June 2017 ...
Read More

EUR/JPY – Euro To Retest 128.00 Vs Japanese Yen?

Key Highlights The Euro recently recovered towards 129.00 against the Japanese Yen, but failed to gain momentum. There are two important bearish trend lines preventing further upsides near 129.00 on the 4-hours chart of EUR/JPY. Germany’s preliminary Manufacturing PMI for August 2017 posted a rise from 58.1 to 59.4. Euro Zone’s preliminary Manufacturing PMI fo...
Read More

USD/CHF – US Dollar Downsides Limited By 0.9600 Vs Swiss Franc

Key Highlights The US Dollar is trading in a major range with resistance near 0.9765 and support at 0.9600 against the Swiss Franc. There is a crucial bullish trend line with support at 0.9600 forming on the 4-hours chart of USD/CHF. Swiss Trade Balance for July 2017 posted a trade surplus of 3511M, better than the last 2,880M. Today, the Housing Price Index for J...
Read More

EUR/USD – Euro Facing Strong Offers Near 1.1780 Vs US Dollar

Key Highlights The Euro stayed above the 1.1650 support against the US Dollar, but failed near 1.1770-1.1780. There are two important bearish trend lines with resistance near 1.1770 and 1.1780 forming on the 4-hours chart of EUR/USD. Greece current account for June 2017 posted a trade surplus of €0.842B, better than the last €-0.582B. Today, the Chicago Fed Na...
Read More

USD/JPY – US Dollar Grinding Lower Towards 108.80 Vs Japanese Yen

Key Highlights The US Dollar after trading as high as 110.95 against the Japanese Yen found offers and declined. The USD/JPY pair failed near a major resistance area at 110.90-111.00 and traded below the 100 SMA (H4). Germany’s Producer Price Index for July 2017 posted an increase of 0.2% (MoM). Today, Canada’s Consumer Price Index for July 2017 will be releas...
Read More

NZD/USD – Kiwi Dollar Back In Uptrend; Faces Challenge Near 0.7350-90

Key Highlights The New Zealand Dollar after trading as low as 0.7223, formed support against the US Dollar and recovered well. There was a break above a major bearish trend line at 0.7300 on the 4-hours chart of NZD/USD. New Zealand’s Producer Price Index Output rose 1.3% (QoQ) in Q2 2017, more than the forecast of +0.7%. Today, the US Industrial Production figu...
Read More

USD/CAD – US Dollar In Monstrous Uptrend Vs Canadian Dollar

Key Highlights The US Dollar after trading as low as 1.2413 on 26th July 2017 against the Canadian Dollar started an uptrend. There is a major ascending channel pattern with support at 1.2730 forming on the 4-hours chart of USD/CAD. The Net Long-Term TIC Flows for June 2017 released recently in the US posted $34.4B, more than the forecast of $28.3B. Today, the US ...
Read More

«...102030...5051...607080...»