EUR/USD Showing Positive Signs Above 1.1150

Key Highlights The Euro recovered nicely after testing the 1.1025 support area against the US Dollar. EUR/USD is facing resistance near 1.1240 and a bearish trend line on the 4-hours chart.China’s CPI in July 2019 increased 2.8% (YoY), more than the 2.7% forecast.GBP/USD is under a lot of pressure and recently declined to a new multi-year low below 1.2050. EUR/USD Tech...
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USD/JPY Struggle to Break 110.00-110.40 Continues

Key Highlights The US Dollar struggled a lot recently to break an important resistance near 110.00-110.40 against the Japanese Yen. There is a crucial bearish trend line in place with resistance at 109.95 on the 4-hours chart of USD/JPY. The US Initial Jobless Claims for the week ending Feb 3rd, 2018 declined from 230K to 221K. China’s CPI increased 1.5% in Jan ...
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EUR/USD – Euro Failed Near Important Resistance Vs US Dollar

Key Highlights The Euro after an upside move faced sellers near 1.1880 against the US Dollar. A crucial bearish trend line with resistance at 1.1870 on the 4-hours chart of EUR/USD prevented gains. China’s Consumer Price Index in Sep 2017 increased 0.5% (MoM), more than the +0.4% forecast. The yearly change in the Chinese CPI was +1.6%, just as the market foreca...
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EUR/USD – Euro Remains In Crucial Uptrend Vs US Dollar

Key Highlights The Euro climbed to 1.2092 this past week against the US Dollar before starting a correction. There is a crucial bullish trend line with support at 1.1960 forming on the 4-hours chart of EUR/USD. China’s Consumer Price Index increased 0.4% in August 2017 (MoM), more than the forecast of +0.3%. China’s Producer Price Index increased 6.3% in Augus...
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GBPJPY – Is This A Real Break For British Pound Bulls?

GBPJPY – Is This A Real Break For British Pound Bulls? Key Highlights             British Pound after weakening for a brief period vs the Japanese yen found support near 153.50-60. There was a bearish trend line formed on the 4-hours chart of the GBPJPY pair, which was breached recently by the British Pound bulls. In the UK today, the trade balance repor...
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EURUSD – Can Euro Bulls Make It?

EURUSD - Can Euro Bulls Make It? Key Highlights             Euro looks like trading in a range against the US Dollar, but it may break higher in the short term. There are a couple of trend lines formed on the hourly chart of the EURUSD pair, which could ignite the next move. Chinese Consumer Price Index released by the National Bureau of Statistics of Chin...
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GBPUSD May Be Heading Towards Breakdown

GBPUSD May Be Heading Towards Breakdown Key Highlights             British Pound recently recovered a few pips and traded above the 1.4220 resistance area against the US Dollar. The pair is currently trading near a support trend line on the hourly chart, which may play a crucial role moving ahead. In the UK, the RICS Housing Price Balance survey released b...
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NZDJPY – 81.00 Remains Significant Barrier

Key Highlights             New Zealand Dollar corrected higher against the Japanese Yen after trading as low as 79.90. The NZDJPY pair is currently facing a tough resistance near the 81.00 area as the 100 moving average (4-hours) is sitting around it along with a bearish trend line. New Zealand Electronic Card Retail Sales as reported by Statistics New Zeal...
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NZDUSD at A Critical Juncture

Key Highlights New Zealand dollar continued to stay on the top against the US dollar, but faces a major resistance ahead. NZDUSD forming a breakout pattern, which if breached to the upside might call for more gains. Earlier today, the Chinese Consumer Price Index was released by the National Bureau of Statistics of China, which posted a decline of 0.5% in March 2015. ...
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US Dollar Spikes Post Chinese CPI for an Increase of 0.8%

Key Highlights US dollar continued to gain strength and even stronger than expected Chinese consumer price index failed to lift the risk sentiment. Chinese Consumer Price Index was released by the National Bureau of Statistics of China, which posted an increase of 1.2% in February 2015, compared to the preceding month. In terms of the annual change the Chinese CPI climb...
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