10 July, 2019 by Aayush Jindal in Market Analysis
The US Dollar declined to 1.3037 and recently
corrected higher against the Canadian Dollar. USD/CAD traded above a bearish trend line with
resistance near 1.3080 on the 4-hours chart.The NFIB Business Optimism Index declined from
105.0 to 103.3 in June 2019.The Bank of Canada is likely to keep interest
rates at 1.75% in today’s rate decision.
24 April, 2019 by Aayush Jindal in Market Analysis
The US Dollar rallied and traded to a new 3-year
high above 1.0200 against the Swiss Franc.USD/CHF broke a crucial ascending channel near
1.0060 on the 4-hours chart and surged higher.The US New Home Sales in March 2019 increased 4.5%
(MoM), whereas the forecast was -2.5%.The BoC Interest Rate Decision will be announced
today (forecast – no change from 1.75...
06 December, 2017 by Aayush Jindal in Market Analysis
Crude oil price struggled to move above the $58.00-59.00 levels and moved down against the US dollar.
There was a break below a major bullish trend line with support at $57.40 on the 4-hours chart of XTI/USD.
The US Services PMI in Nov 2017 decreased from the preliminary reading of 54.7 to 54.5.
Today, the US ADP Employment Change will be released f...
25 October, 2017 by Aayush Jindal in Market Analysis
Gold price struggled to settle above $1300 against the US Dollar and moved down.
There is a major bullish trend line forming with support at $1270 on the daily chart of XAU/USD.
The US Manufacturing PMI in Oct 2017 (Prelim) posted a rise from the last reading of 53.1 to 54.5.
Today, the US New Home Sales for Sep 2017 will be released, which is forec...
12 September, 2017 by Aayush Jindal in Market Analysis
The US Dollar tumbled against the Canadian Dollar during the past few weeks and traded below 1.2200.
There was a break below a monster bullish trend line with support at 1.3200 on the weekly chart of USD/CAD.
Back to back interest rate hikes by the BoC prompted a sharp selling interest in USD/CAD.
Canada’s Housing Starts in August 2017 were 223.2K...
06 September, 2017 by Aayush Jindal in Market Analysis
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...
12 July, 2017 by Aayush Jindal in Market Analysis
The British Pound was under renewed selling pressure and traded below 1.2920-00 against the US Dollar.
There was a break below a major bullish trend line with support at 1.2945 on the 4-hours chart of GBP/USD.
Today in the UK, the Claimant Count Change will be released, which is forecasted to post 10K.
Recently in the US, the NFIB Business Optimism ...
13 July, 2016 by Aayush Jindal in Market Analysis, NZDUSD, Technical Analysis
NZDUSD – Increased Bullish Bias For Kiwi Dollar
The New Zealand dollar enjoyed a decent upside move against the US Dollar and looks set for more upsides.
There is a critical support formed on the downside for the NZDUSD pair in the form of a bullish trend line on the hourly chart.
New Zealand Food Price Index (FPI) released by the Statistics New Zea...