USD/JPY – US Dollar Nosedives Below Key Support Vs Japanese Yen

Key Highlights The US Dollar was under a lot of pressure lately and declined below 108.50 against the Japanese Yen. There is a key resistance forming near 108.50 on the 4-hours chart of USD/JPY. Japan’s Gross Domestic Product in Q2 2017 increased 0.6%, less than the forecast of +0.7% (QoQ). Japan’s Current Account in July 2017 posted a trade surplus of ¥2,320...
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AUD/USD – Aussie Dollar Remains in Major Uptrend Vs US Dollar

Key Highlights The Aussie Dollar is positioned nicely above the 0.7900 handle area against the US Dollar. There is a crucial ascending channel with current support at 0.7950 forming on the 4-hours chart of AUD/USD. Australia’s trade balance in July 2017 posted a surplus of 460M, less than the forecast of 875M. Australian’s Retail Sales in July 2017 posted no c...
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GBP/USD – British Pound Back In Bullish Zone Vs US Dollar

Key Highlights The British Pound formed a bottom near 1.2773 against the US Dollar, and currently trading above 1.3000. The GPP/USD pair broke a major resistance area near 1.3000 on the 4-hours chart to open the doors for more upsides. German Factory orders in July 2017 posted a decline of 0.7% (MoM). Today, the BoC Interest Rate Decision is lined up and the centr...
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Silver Price Eyeing a Break above $18.00 Vs US Dollar

Key Highlights Silver price recovered well from the $16.00 swing low against the US Dollar and currently following an uptrend. There are two important bullish trend lines forming with supports at $17.70 and $17.40 on the 4-hours chart of XAG/USD. The Caixin China Services PMI in August 2017 posted a rise from 51.5 to 52.7. The US Factory orders figure of July 2017...
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EUR/USD – Euro Holding Crucial Trend Support Vs US Dollar

Key Highlights The Euro corrected from 1.2070 to 1.1850 against the US Dollar this past week. The EUR/USD is currently holding a major bullish trend line support near 1.1850-70 on the 4-hours chart. The US Non-farm Payrolls in August 2017 were 156K, down from the last 189K (revised). The US Unemployment Rate was up in August 2017 from 4.3% to 4.4%. EUR/USD Tech...
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USD/JPY – US Dollar Awaits NFP; Faces Barrier near 110.60 Vs Yen

Key Highlights The US Dollar has recovered sharply this week and traded above 110.00 against the Japanese Yen. There are two bearish trend lines positioned near 110.60 on the 4-hours chart of USD/JPY. Japan’s Nikkei Manufacturing PMI for August 2017 posted a minor decline from 52.8 to 52.2. Today, the US nonfarm payrolls for August 2017 will be released, which i...
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NZD/USD – Can New Zealand Dollar Hold 100-day SMA Vs US Dollar?

Key Highlights The New Zealand Dollar started a downtrend from the 0.7550-0.7560 area against the US Dollar. There was a break below a crucial bullish trend line with support at 0.7380 on the 4-hours chart of NZD/USD. The Preliminary release of the US GDP for Q2 2017 points an annualized increase of 3%, more than the +2.7% forecast. ANZ Business Confidence in New ...
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AUD/USD – Aussie Dollar Poised To Break 0.8000 Vs US Dollar

Key Highlights The Aussie Dollar made a nice upside move above 0.7900-0.7950 against the US Dollar. There is a crucial bullish trend line forming with support at 0.7950 on the 4-hours chart of AUD/USD. Australia’s Construction Work Done rose by 9.3% in Q2 2017, more than the forecast of 1%. Australia’s Building Permits declined by 1.7% (MoM), less than the for...
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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/...
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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...
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