EUR/USD Targets Fresh 2019 Low Below 1.1000

Key Highlights The Euro failed to settle above 1.1200 and declined below 1.1150 against the US Dollar. A crucial bearish trend line is forming with resistance near 1.1210 on the 4-hours chart.The US Building Permits in July 2019 jumped 8.4%, more than the 5.6% forecast.The Euro Zone CPI in July 2019 might decline 0.4% (MoM), down from the last +0.2%. EUR/USD Technical A...
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Gold Price Remains In Strong Uptrend Above $1,400

Key Highlights Gold price started a downside correction from the $1,450 resistance against the US Dollar.A crucial bullish trend line is forming with support near $1,418 on the 4-hours chart of XAU/USD.The US Personal Income in June 2019 increased 0.4% (MoM), similar to the forecast.The US ADP Employment could change by 150K in July 2019, more than the last 102K. Gold Pr...
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USD/JPY Trading Near Make-or-Break Levels

Key Highlights The US Dollar started a decent recovery from 106.80 against the Japanese Yen. USD/JPY is facing a strong resistance near 108.20 and a bearish trend line on the 4-hours chart.The US GDP in Q1 2019 grew 3.1%, similar to the market expectation.The US Personal Income in May 2019 could rise 0.4% (MoM), more than the last +0.3%. USDJPY Technical Analysis Afte...
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GBP/USD Could Extend Losses In Near Term

Key Highlights The British Pound declined further below the 1.2570 support against the US Dollar. GBP/USD could struggle to recover above 1.2570 and 1.2600 resistance levels.The NY Empire State Manufacturing Index declined sharply from 17.8 to -8.6 in June 2019.The Euro Zone CPI in May 2019 could increase 0.2% (MoM), less than the last +0.7%. GBPUSD Technical Analysis ...
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EUR/USD Failed Near Key Resistance, Could Retest 1.1100

Key Highlights The Euro failed to clear a crucial resistance near 1.1260 against the US Dollar. EUR/USD traded below two bullish trend lines near 1.1200 on the 4-hours chart.The Euro Area CPI increased 1.7% in April 2019 (YoY), similar to the forecast and last reading.The German PPI in April 2019 (MoM) might increase 0.2%, whereas the last was -0.1%. EURUSD Technical Ana...
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EUR/USD Broke Key Support, More Losses Likely

Key Highlights The Euro failed to surpass the 1.1440 resistance and declined recently against the US Dollar. There was a break below a key bullish trend line with support at 1.1330 on the 4-hours chart of EUR/USD. The US Retail Sales in Nov 2018 increased 0.2% (MoM), similar to the forecast. Today, the Euro Zone CPI for Nov 2018 will be released, which is forecast...
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EUR/USD Continues To Struggle Near 1.1400 Resistance

Key Highlights The Euro failed to break the 1.1400 resistance and declined against the US Dollar. There are two major bearish trend lines in place with resistance at 1.1375 and 1.1410 on the 4-hours chart of EUR/USD. The Euro Zone CPI (Prelim) for Nov 2018 increased 2% (YoY), less than the last 2.2%. Today, the Euro Zone Manufacturing PMI for Nov 2018 will be rele...
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USD/JPY Could Correct Lower In Short Term

Key Highlights The US Dollar failed again to break the 114.00 resistance area against the Japanese Yen. There is a key bearish trend line formed with resistance at 114.00 on the 4-hours chart of USD/JPY. The Tokyo Consumer Price Index increased 0.8% (YoY) in Nov 2018, less than the market forecast of 1.0%. Today in the US, the Chicago Purchasing Manager’s Index ...
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EUR/JPY Remains In Downtrend Below 129.00

Key Highlights The Euro declined recently and tested the 126.50 area against the Japanese Yen. There are two important bearish trend lines in place with resistance at 128.70 on the 4-hours chart of EUR/JPY. The Euro Zone GDP in Q3 2018 (Preliminary) increased 0.2% (QoQ), less than the +0.4% forecast. Today, the Euro Zone CPI for Oct 2018 (Preliminary) will be rele...
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EUR/USD Could Correct Lower Towards 1.1550

Key Highlights The Euro traded above the 1.1700 level before facing resistance near 1.1730 against the US Dollar. There was a break below a connecting bullish trend line with support at 1.1645 on the 4-hour chart of EUR/USD. The Euro Area CPI in August 2018 (Prelim) increased 2% (YoY), less than the 2.1% forecast. The Euro Zone Manufacturing PMI for August 2018 wi...
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