USD/CAD Correcting Lower, Canada’s CPI Next

Key Highlights USD/CAD struggled to surpass 1.3270 and recently corrected lower.There was a break below a key bullish trend line at 1.3230 on the 4-hours chart.Canada’s Consumer Price Index is likely to increase 0.3% in Oct 2019 (MoM).EUR/USD and GBP/USD are currently showing bullish signs. USD/CAD Technical Analysis This month, the US Dollar climbed higher steadily...
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EUR/GBP Accelerating Losses, UK & Euro Zone CPI Reports Next

Key Highlights EUR/GBP declined heavily below the 0.8880 and 0.8800 support levels. The next key support is near the 0.8640 and 0.8620 levels.The Euro Zone CPI could rise 0.9% in Sep 2019 (YoY), similar to the last reading.UK’s CPI might increase 1.8% in Sep 2019 (YoY), more than the last +1.7%. EUR/GBP Technical Analysis This past week, there was a sharp rise in GB...
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USD/CAD Remains In Uptrend Above 1.3200

Key Highlights Recently, the US Dollar retested the key 1.3345 resistance against the Canadian Dollar. A major bullish trend line is forming with support near 1.3240 on the 4-hours chart of USD/CAD.Canada’s CPI increased 0.5% in July 2019 (MoM), more than the +0.2% forecast.The US Manufacturing PMI could increase from 50.4 to 50.5 in August 2019 (Preliminary). USD/CAD ...
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USD/CAD Remains Well Supported On Dips

Key Highlights The US Dollar traded higher recently and broke the 1.3400 resistance against the Canadian Dollar. There is a major bullish trend line formed with support at 1.3420 on the 4-hours chart of USD/CAD. The Canadian CPI increased 1.7% in Nov 2018 (YoY), less than the forecast of 1.8%. Today, the US Initial Jobless Claims will be released, which is forecas...
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EUR/USD Could Accelerate Declines Below 1.1800

Key Highlights The Euro faced an increased selling pressure recently and declined below 1.1800 against the US Dollar. There is a short-term connecting bearish trend line forming with resistance at 1.1800 on the 4-hours chart of EUR/USD. Euro Area’s Trade Balance in March 2018 posted a trade surplus of €21.2B, more than the forecast of €20.7B. Canada’s CPI ...
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USD/JPY – US Dollar Eyeing Upside Break Vs Japanese Yen

Key Highlights The US Dollar is trading higher and approaching a major resistance at 113.40 against the Japanese Yen. There are two bullish trend lines formed with support at 112.70 and 111.80 on the 4-hours chart of USD/JPY. The US Initial Jobless Claims for the week ending Oct 14, 2017 posted a decline from the last revised reading of 244K to 222K. Today in Cana...
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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...
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USDCAD – Can US Dollar Break 1.3700 Ahead of Canada’s CPI?

Key Highlights The US Dollar after failing to break 1.3800 against the Canadian Dollar moved down. The USDCAD pair broke two bullish trend lines at 1.3765 and 1.3680 on the 4-hours chart during the downside. Today in Canada, the Consumer Price Index (CPI) for April 2017 will be released by the Statistics Canada, which is forecasted to increase by 0.5% (MoM). In th...
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NZDUSD – Can New Zealand Dollar Remain In Uptrend Vs USD?

NZDUSD – Can New Zealand Dollar Remain In Uptrend Vs USD? Key Highlights The New Zealand Dollar moved below the 0.7200 support area recently against the US Dollar. There was a new weekly high formed at 0.7265 in the NZDUSD pair, where the sellers appeared. The pair then broke a bullish trend line formed on the hourly chart. The New Zealand Visitor Arrivals rele...
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