GBP/USD Could Dip Further Before Fresh Increase

Key Highlights The British Pound declined below the key 1.2350 support against the US Dollar. GBP/USD could find support near 1.2230 or 1.2200.The UK GDP grew 1.3% in Q2 2019 (YoY), more than the 1.2% forecast.The UK Manufacturing PMI is likely weaken further from 47.4 to 47.0 in Sep 2019. GBP/USD Technical Analysis In the past few days, there was a steady decline in ...
Read More

EUR/USD Consolidating Below Key Resistances

Key Highlights The Euro seems to be struggling near 1.1070 and 1.1080 against the US Dollar. A crucial bearish trend line is forming near 1.1080 on the 4-hours chart of EUR/USD.GBP/USD is trading with a positive bias above the 1.2350 and 1.2400 supports.The US Manufacturing PMI is likely to remain stable near 50.3 in Sep 2019 (Preliminary). EUR/USD Technical Analysis ...
Read More

EUR/USD Tumbles To New 2-Year Low, More Downsides Ahead

Key Highlights The Euro extended its decline and traded below 1.1000 against the US Dollar. EUR/USD might correct higher, but most likely to struggle near 1.1020 and 1.1050.The Caixin China Manufacturing PMI increased from 49.9 to 50.4 in August 2019.The Euro Zone Manufacturing PMI is likely to remain flat near 47.0 in August 2019. EUR/USD Technical Analysis This pas...
Read More

EUR/GBP Analysis: Daily Chart Suggests Crucial Bullish Break

Key Highlights The Euro climbed above the 0.8700 and 0.8750 resistance levels against the British Pound. EUR/GBP surpassed a major bearish trend line with resistance near 0.8640 on the daily chart.The UK CPI increased 2.1% in April 2019 (YoY), less than the 2.2% forecast.The Euro Zone Manufacturing PMI in May 2019 (Prelim) could rise from 47.9 to 48.1. EURGBP Technical A...
Read More

EUR/USD Turned Bearish Below 1.1280

Key Highlights The Euro started a major decline below the 1.1300 support against the US Dollar. EUR/USD traded below key bullish trend lines at 1.1340 and 1.1295 on the 4-hours chart. The US Personal Income increased 0.2% in Feb 2019 (MoM), less than the +0.3% forecast. The US ISM Manufacturing Index for March 2019 is likely to increase from 54.2 to 54.5. EURUS...
Read More

USD/JPY Could Correct Lower In Medium Term

Key Highlights The US Dollar found a strong resistance above 112.00 and recently declined against the Japanese Yen. Two important bearish trend lines are in place near 111.60 and 112.50 on the daily chart of USD/JPY. The US Initial Jobless Claims for the week ending March 16, 2019 declined from 230K to 221K. The US Manufacturing PMI for March 2019 (Preliminary) co...
Read More

EUR/GBP Could Resume Downtrend Below 0.8700

Key Highlights The Euro struggled near 0.8840 and later declined against the British Pound. There was a break below a major bullish trend line with support at 0.8770 on the 4-hours chart of EUR/GBP. Germany’s PPI for Jan 2019 increased 0.4% (MoM), compared with the -0.2% forecast. The Euro Zone Manufacturing PMI for Feb 2019 (Preliminary) will be released today,...
Read More

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...
Read More

Can EUR/GBP Continue To Recover?

Key Highlights The Euro started an upside correction from the 0.8720 support against the British Pound. There is a major ascending channel formed with support at 0.8800 on the 4-hours chart of EUR/GBP. The UK CBI Industrial Trends Orders Survey declined from -1 to -6 in Oct 2018 (MoM). Today, the Euro Zone Manufacturing PMI for Oct 2018 (Preliminary) will be relea...
Read More

EUR/USD Back to Square One, Bears In Control

Key Highlights The Euro trimmed most of its gains and declined below the 1.1650 support against the US Dollar. There was a break below a crucial bullish trend line with support at 1.1730 on the 4-hours chart of EUR/USD. The US Personal Income in August 2018 increased 0.3%, less than the forecast of +0.4% (MoM). Today, the US ISM Manufacturing Index for Sep 2018 wi...
Read More

12...»