GBPJPY – British Pound Remains In A Downtrend Versus Japanese Yen

GBPJPY – British Pound Remains In A Downtrend Versus Japanese Yen Key Highlights The British Pound recently traded higher against the Japanese yen, but failed to break the 139.00-50 resistance area. There is a monster bearish trend line on the hourly chart of the GBPJPY pair, protecting the upside move. The Japanese National Consumer Price Index report was release...
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NZDUSD Consolidating Before Break?

NZDUSD Consolidating Before Break? Key Highlights             New Zealand Dollar dived towards the 0.6600 support area recently against the US Dollar where it just managed to find buyers. The NZDUSD pair is currently making an attempt to correct higher, but struggling to find momentum. There is a resistance formed near 0.6650-60 where sellers are defending...
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GBPUSD – Pound Remains Under Pressure against US Dollar

GBPUSD – Pound Remains Under Pressure against US Dollar Key Highlights             The British Pound managed to trade higher against the US Dollar, but it is facing a major resistance around 1.5240-60. There are a couple of bearish trend lines formed on the hourly chart of the GBPUSD pair, acting as a hurdle. In the UK today, the Consumer Price Index wil...
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USDCHF Eyes US CPI for a Break

Key Highlights US Dollar surged higher against the Swiss franc after dipping close to the 0.9660 support area. USDCHF pair is trading near an important bearish trend line on the hourly chart, acting as a resistance. US Consumer Price Index will be released by the US Bureau of Labor Statistics with the market forecast lined up for an increase of 0.2% in August 2015, comp...
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USDCAD Sellers Await Canadian CPI Report Under Pressure

Key Highlights US Dollar is under pressure against currencies such as the Euro and the British Pound, but remained stable against the Canadian Dollar. Canadian Consumer Price Index (CPI) will be released by the Statistics Canada today, which is expected to increase by 0.5% in May 2015. Canadian Retail Sales report will also be published, and the forecast is of a 0.7% in...
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Japan Registers Rise To 3.6% In Unemployment; CPI Stable

Key Highlights Japanese yen was seen trading lower against most major currencies after a few critical releases in Japan. Japanese National Consumer Price Index published by the Statistics Bureau registered a rise of 2.4% in January 2015, which is the same as the last reading of 2.4%. Japanese National CPI Ex Food, Energy increased by 2.1% in January 2015, compared to sa...
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