AUD/USD Facing Significant Resistance Near 0.7200

Key Highlights The Aussie Dollar failed to surpass the 0.7200 barrier and declined recently against the US Dollar. There is a major bearish trend line in place with resistance at 0.7190 on the 4-hours chart of AUD/USD. Australia’s CPI in Q4 2018 increased 0.5% (QoQ), more than the 0.4% forecast. Today, the Fed Interest Rate Decision is scheduled (Forecast 2.5%, ...
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Gold Price In Significant Uptrend, Fed Rate Decision Next

Key Highlights Gold price climbed higher recently and broke the $1,240 resistance against the US Dollar. There was a break above a major bearish trend line with resistance at $1,242 on the 4-hours chart of XAU/USD. The US Housing Starts in Nov 2018 increased from the last revised reading of 1.217M to 1.256M (MoM). Today, the Fed Interest Rate Decision will be anno...
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USD/CHF Breaks Key Support Ahead of Fed’s Rate Decision

Key Highlights The US Dollar started a downside move from the 1.0090 resistance against the Swiss Franc. There was a break below two important bullish trend lines at 1.0030 on the 4-hours chart of USD/CHF. The Euro Area Retail Sales in Sep 2018 increased 0.8% (YoY), more than the 0.7% forecast. Today, the Fed Interest Rate Decision is scheduled, which is forecaste...
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Crude Oil Price Could Revisit $66.50, Upsides Remain Capped

Key Highlights Crude oil price completed an upward recovery above the $70.50 level against the US dollar. There was a break below a crucial ascending channel support at $69.05 on the 4-hours chart of XTI/USD. The US ADP Employment change came in at 219K, more than the 185K forecast. The Federal Reserve kept the interest rates at 2%, in line with the market expecta...
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AUD/USD Facing Uphill Task Ahead of Fed Decision

Key Highlights The Aussie Dollar declined heavily in June 2018 and traded towards 0.7300 against the US Dollar. There is a crucial bearish trend line in place with resistance at 0.7500 on the daily chart of AUD/USD. The US Personal Income in June 2018 increased 0.4% (MoM), in line with the market forecast. Today, the Fed Interest rate decision is scheduled, and th...
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GBP/USD Downsides Remain Supported above 1.3950

Key Highlights The British Pound recently made a short-term top at 1.4080 against the US Dollar. There is a crucial bullish trend line in place with support at 1.3950 on the 4-hours chart of GBP/USD. The UK CPI in Feb 2018 increased 0.4%, less than the forecast of +0.5% (MoM). Today, the UK Claimant Count Change for Feb 2018 will be released, which is forecasted t...
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Gold Price Forming Short-term Top?

Key Highlights Gold price is in a monster uptrend and it recently traded above the $1,360 level against the US Dollar. It seems like a short-term correction is underway with a break of a bullish trend line with support at $1,350 on the daily chart of XAU/USD. The US ADP Employment Change in January 2018 was 234K, more than the forecast of 185K. The Fed interest ra...
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EUR/JPY: Here is Why 132.60 is Significant

Key Highlights The Euro failed to move above 133.80 recently and corrected lower against the Japanese Yen. EUR/JPY is approaching a major break as there is a contracting triangle forming with support at 132.60 on the 4-hours chart. The US Core CPI in Nov 2017 posted an increase of 1.7%, less than the forecast of 1.8% (YoY). The feds raised interest rates from 1.25...
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GBP/USD Awaits Fed Decision, US CPI and UK Employment Change

Key Highlights The US Dollar and British Pound awaits key risk events today such as the fed interest rate decision, US CPI and UK’s employment report. GBP/USD is forming a contracting triangle on the 4-hour chart with support at 1.3300 and resistance near 1.3480. UK’s Claimant Count is forecasted to post a change of 3.2K in Nov 2017. The feds are likely to inc...
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AUD/USD Upsides Remain Limited by 0.7550-0.7575

Key Highlights The recent decline in the Aussie Dollar looks real below 0.7600 against the US Dollar. AUD/USD broke a key ascending channel at 0.7570 on the 4-hours chart, which is a strong bearish signal. Australia’s House Price index in Q3 decreased 0.2% (QoQ), compared with the +0.5% forecast. Today’s main highlight would be the UK Consumer Price Index for ...
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