EUR/JPY – Can Euro Move Above 124.50 Vs Japanese Yen?

Key Highlights The Euro this week struggled to break a crucial resistance near 124.60 against the Japanese Yen, and moved down. A bearish trend line at 124.60 on the 4-hours chart of EUR/JPY prevented upsides, and pushed the pair down. Today in the Euro Zone, the Consumer Confidence for June 2017 (preliminary) will be released, which is forecasted to increase from -3...
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USD/CHF – US Dollar Positioning For Upside Break Vs Swiss Franc

Key Highlights The US Dollar has recovered well from the 0.9600-20 support against the Swiss Franc. The USD/CHF pair needs to break a major bearish trend line at 0.9760 to initiate an uptrend. Today in the US, the Existing Home Sales for May 2017 will be released, which is forecasted to decline by 0.5%, less than the last -2.3%. Recently, the US Current Account fo...
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AUD/USD – RBA Aftermath and Impact on Aussie Dollar

Key Highlights The Aussie Dollar remains above a major support area at 0.7560 against the US Dollar. There is an important bullish trend line forming with current support as 0.7565 on the 4-hours chart of AUD/USD. The minutes of the Reserve Bank of Australia meetings released today had no major negative impact on the Aussie Dollar. The Australian House Price Index...
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EUR/USD – 1.1280 Proving Crucial For Euro To Dollar

Key Highlights The Euro failed once again to settle above the 1.1280-90 resistance area against the US Dollar. The EUR/USD pair declined this past week, but managed to hold the 1.1130-20 support. Today, the Euro Zone Construction Output for April 2017 will be released by the Eurostat, which is forecasted to decline by 0.1% (MoM). This past Friday, May’s 2017 Eur...
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USD/JPY – US Dollar Buyers Breaks Key Resistance Vs Japanese Yen

Key Highlights The US Dollar recently formed a base near 108.80 against the Japanese Yen and started a recovery. The USD/JPY pair recently broke a major bearish trend line and resistance near 110.20-40 on the 4-hours chart. Today, the BoJ Interest Rate Decision (June 15, 2017) will be announced by the Bank of Japan, and rates are expected to remain at -0.1%. Recen...
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NZD/USD – Monster Bullish Break Sighted For NZD on Weekly Chart

Key Highlights The New Zealand Dollar after forming a base near 0.6850 against the US Dollar started an uptrend. The NZD/USD pair has cleared two important bearish trend lines on the weekly chart at 0.7150 to signal a major bullish trend. Today in New Zealand, the Gross Domestic Product for Q1 2017 released by the Statistics New Zealand posted an increase of 0.5%. ...
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GBP/USD – British Pound Declines Due to Delays in Brexit Talks

Key Highlights The British Pound came under a lot of pressure due to the UK’s general election result and Conservatives losing majority. The GBP/USD pair traded sharply lower during the past few days and broke a few important supports such as 1.2900 and 1.2770. Today in the UK, the Claimant Change for May 2017 will released by the National Statistics, which is fore...
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AUD/USD – Aussie Dollar Looking To Extend Gains Vs US Dollar

Key Highlights The Aussie Dollar moved above a major resistance of 0.7510-00 recently against the US Dollar. The AUD/USD pair broke a short-term bearish trend line at 0.7530 on the 4-hours chart to ignite an upside move. Today in Australia, the National Australia Bank Business Confidence for May 2017 came in at 7, down from 13. Today, the US Producer Price Index f...
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EUR/USD – Euro Faces Major Resistance Vs US Dollar

Key Highlights The Euro fell sharply towards the 1.1160 support against the US Dollar this past week where it found buyers. The EUR/USD pair is currently recovering, but faces a major bearish trend line at 1.1220 on the 4-hours chart. Today in the Euro Zone, the Italian Industrial Output change for April 2017 will be released by the National Institute of Statistics, ...
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USD/CHF – Can US Dollar Gain Momentum Vs Swiss Franc?

Key Highlights The US Dollar after a continuous slide against the Swiss Franc found support near 0.9600. The USD/CHF pair recently broke a major bearish trend line formed on the 4-hours chart at 0.9660. Recently in Canada, the Housing Starts for May 2017 released by the Canadian Mortgage and Housing Corporation posted 194.7K, versus the forecast of 205K. In the US...
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