21 November, 2019 by Aayush Jindal in Market Analysis
Crude oil price found support near $55.00 and
bounced back against the US dollar.Earlier, there was a break below a major bullish
trend line with support near $55.80 on the 4-hours chart of XTI/USD.Canada’s CPI increased 0.3% in Oct 2019 (MoM),
similar to the market forecast.The US Existing Home Sales could rise 1.4% in
Oct 2019 (MoM).
Crude Oil Price Te...
18 September, 2019 by Aayush Jindal in Market Analysis
The US Dollar climbed higher recently above 1.3200
against the Canadian Dollar. Oil prices surged higher this week after weekend’s
attack on Saudi Arabia’s massive oil facility.The US Industrial Production increased 0.6% in
August 2019 (MoM), more than the +0.2% forecast.Canada’s CPI could decline 0.1% in August 2019
(MoM), whereas it increased last mon...
20 June, 2019 by Aayush Jindal in Market Analysis
The US Dollar failed to surpass the
1.3430-1.3440 resistance zone against the Canadian Dollar. USD/CAD traded below a major bullish trend line
with support at 1.3390 on the 4-hours chart.Canada’s Consumer Price Index (CPI) increased
0.4% (MoM), more than the +0.2% forecast.The US Initial Jobless Claims for the week
ending June 15, 2019 might decline from 22...
28 February, 2019 by Aayush Jindal in Market Analysis
The US Dollar declined heavily and settled below 1.3200 against the Canadian Dollar.
There is a crucial declining channel in place with resistance at 1.3200 on the 4-hours chart of USD/CAD.
Canada’s CPI increased 0.1% (MoM) in Jan 2019, less than the 0.2% forecast.
The US Gross Domestic Product for Q4 2018 (Preliminary) will be released today, whi...
22 September, 2017 by Aayush Jindal in Market Analysis
The US Dollar traded higher this week and moved above 111.50 against the Japanese Yen.
There is a crucial ascending channel forming with support at 111.70 on the 4-hours chart of USD/JPY.
US Initial Jobless Claims for the week ending 16th Sep 2017 decreased from the last revised reading of 282K to 259K.
The US Manufacturing PMI preliminary reading (...
21 July, 2017 by Aayush Jindal in Market Analysis
The US Dollar after a bearish wave found support near 111.50 against the Japanese Yen.
The USD/JPY recently broke a bearish trend line at 112.00 on the 4-hours chart.
Recently in the US, the Initial Jobless Claims for the week ending July 15, 2017 was published, which declined from 247K to 233K.
Today in Japan, the foreign bond investment (July 10, ...
18 November, 2016 by Aayush Jindal in Fundamental Analysis, Market Analysis, Technical Analysis, USDJPY
USDJPY – A Look at the Weekly Chart of Dollar to Yen
The US Dollar started trading higher after forming a base near 100 against the Japanese yen.
The weekly chart of the USDJPY pair suggests a major upside move in USDJPY.
Today, the Chinese housing price index, released by the National Bureau of Statistics posted a rise of 12.3% in Oct 2016.
19 August, 2016 by Aayush Jindal in Market Analysis, Technical Analysis, USDCAD
USDCAD – US Dollar In A Larger Downtrend Vs Canadian Dollar
US dollar traded lower this week against the Canadian dollar, and look set for more declines in the near term.
There was a monster support trend line on the daily chart of the USDCAD pair, which was broken during the recent decline.
Today during the NY session, the Canadian Consumer Price I...
20 November, 2015 by Aayush Jindal in Technical Analysis, USDCHF
Can USDCHF Recover Post Break?
US Dollar dived recently against the Swiss Franc, and cleared a couple of major support trend lines formed on the hourly chart.
The USDCHF pair is finding bids around the 100 hourly simple moving average, which holds the key in the near term.
US Initial Jobless Claims released by the US Department o...
18 July, 2015 by Aayush Jindal in Fundamental Analysis, Market Analysis
US Dollar gained a lot of bids after a flurry of releases in the US and Canada.
Canadian Consumer Price Index (CPI) published by the Statistics Canada posted an increase of 0.2% in June 2015, compared with the forecast of 0.3%.
In the US, the Consumer Price Index released by the US Bureau of Labor Statistics registered an increase of 0.1% in June 2015, wh...