USD/CAD Awaits Canada’s CPI and Fed Decision, Oil Price Trimming Gains

Key Highlights 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...
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USD/CAD Tumbles Below 1.3300 Post Fed Policy

Key Highlights 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...
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USD/CAD In Strong Downtrend Below 1.3200

Key Highlights 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...
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USD/JPY – Can US Dollar Remain In Uptrend Vs Japanese Yen?

Key Highlights 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 (...
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USD/JPY – Can US Dollar Recover Above 113.00 Vs Japanese Yen?

Key Highlights 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, ...
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USDJPY – A Look at the Weekly Chart of Dollar to Yen

USDJPY – A Look at the Weekly Chart of Dollar to Yen Key Highlights 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. Late...
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USDCAD – US Dollar In A Larger Downtrend Vs Canadian Dollar

USDCAD – US Dollar In A Larger Downtrend Vs Canadian Dollar Key Highlights 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...
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Can USDCHF Recover Post Break?

Can USDCHF Recover Post Break? Key Highlights             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...
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Dollar Rockets Higher Post US CPI

Key Highlights 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...
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AUDUSD Upside Bias Remains Vulnerable Around 0.7720

Key Highlights Aussie dollar surged higher recently, but failed around a monster resistance to trade back lower in the near term. Reserve Bank of Australia Governor Stevens spoke in front of the American Chamber of Commerce in Australia during the Asian session, which helped AUDUSD to hold the ground. AUDUSD has a major resistance on the upside at 0.7720. RBA Steven...
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