AUD/USD – Aussie Dollar Struggles To Recover Vs US Dollar

Key Highlights The Aussie Dollar remains in a downtrend below the 0.7650 pivot against the US Dollar. There is a major bearish trend line forming with resistance at 0.7600 on the 4-hours chart of AUD/USD. The US GDP in Q3 2017 increased 3.3% (Preliminary), more than the forecast of 3.2%. The US Initial Jobless Claims figure for the week ending Nov 25, 2017 will be...
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EUR/JPY – Euro To Japanese Yen’s Long Term View

Key Highlights The Euro is in a solid uptrend from the 115.00 swing low against the Japanese Yen, but facing hurdles near 134.50. There was a break above a monster bearish trend line at 120.00 on the weekly chart of EUR/JPY. Recently, the Germany’s consumer price index preliminary reading for Oct 2017 came in at 1.6% (YoY), less than the forecast of +1.7%. Today...
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EURUSD – Euro’s Downside Thrust Before Higher Vs Dollar

EURUSD – Euro’s Downside Thrust Before Higher Vs Dollar Key Highlights The Euro recently popped higher against the US Dollar to trade above the 1.0940 resistance. There was a contracting triangle pattern formed on the hourly chart of EURUSD, which was broken near 1.0920 for an upside move. Today in the Euro Zone, the CPI reading for Oct 2016 (preliminary) will b...
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