EUR/GBP Rally Approaching Crucial Resistance, UK CPI Next

Key Highlights EUR/GBP recovered sharply from the 0.8280 support area.It is trading above 0.8400, but approaching a major hurdle near 0.8500.The UK Claimant count changed 28.8K in Nov 2019, more than the 24.5K forecast.The UK CPI could decrease from 1.5% to 1.4% in Nov 2019 (YoY). EUR/GBP Technical Analysis This past week, there was a massive decline in the Euro from ...
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EUR/USD At Risk of Further Declines

Key Highlights EUR/USD extended its decline and retested the 1.0980 support area.A major bearish trend line is forming with resistance near 1.1045 on the 4-hours chart.The Euro Zone CPI increased 1% in Nov 2019 (Prelim) (YoY), better than the 0.7% forecast.The US ISM Manufacturing Index might increase from 48.3 to 49.4 in Nov 2019. EUR/USD Technical Analysis This past...
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USD/JPY Eyes Upside Break Above 110.00

Key Highlights USD/JPY is trading in a bullish zone above 109.00, with positive signs on the daily chart.A connecting bullish trend line is forming with support near 108.90 on the daily chart.Japan’s Retail Trade declined 14.4% in Oct 2019 (MoM).The Euro Zone CPI could increase 0.9% in Nov 2019 (YoY) (Prelim). USD/JPY Technical Analysis This month, the US Dollar mos...
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EUR/GBP Accelerating Losses, UK & Euro Zone CPI Reports Next

Key Highlights EUR/GBP declined heavily below the 0.8880 and 0.8800 support levels. The next key support is near the 0.8640 and 0.8620 levels.The Euro Zone CPI could rise 0.9% in Sep 2019 (YoY), similar to the last reading.UK’s CPI might increase 1.8% in Sep 2019 (YoY), more than the last +1.7%. EUR/GBP Technical Analysis This past week, there was a sharp rise in GB...
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EUR/GBP Remains At Risk Of More Declines

Key Highlights The Euro started a significant decline below the 0.9000 support against the British Pound. EUR/GBP could face resistance near 0.8900 and a bearish trend line on the 4-hours chart.The Euro Zone CPI increased 0.1% in August 2019 (MoM), less than the +0.2% forecast.The UK Retail Sales might increase 2.9% in August 2019 (YoY), less than the last +3.3%. EUR/GBP...
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GBP/USD Recovery Remains Attractive To Sellers

Key Highlights The British Pound started a short term recovery from 1.2014 against the US Dollar. GBP/USD is struggling to gain momentum above the 1.2180 and 1.2200 resistances.The Euro Zone CPI in July 2019 declined 0.5% (MoM), more than the -0.4% forecast.EUR/USD could extend losses as long as it is below 1.1150. GBP/USD Technical Analysis Earlier this month, we saw...
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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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