GBP/USD – Cable Trades Positive Post Fed Rate Decision

Key Highlights The British Pound remained in an uptrend and recently moved above 1.3120 against the US Dollar. There are two important bullish trend lines with support near 1.3030 and 1.2980 forming on the 4-hours chart of GBP/USD. Yesterday, the Fed interest rate decision was announced, and the central bank kept rates at 1.25% as per the market forecast. The stat...
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GBPUSD – Can British Pound Stay Above 1.2850 Vs US Dollar?

Key Highlights The British Pound after struggling to remain above the 1.2950 resistance against the US Dollar moved down. The GBPUSD pair is trading above a major bullish trend line with support at 1.2870 on the 4-hours chart. Today in the UK, the British Retail Consortium (BRC) Shop Price Index for April 2017 (YoY) posted a decline of 0.5%. Today in the US, the a...
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GBPUSD – British Pound Likely Bullish Ahead of BOE Decision

Key Highlights The British Pound during the past few days traded positively, and broke the 1.2500 resistance against the US Dollar. The GBPUSD pair also broke a monster bearish trend line at 1.2470 on the daily chart. Today, the UK BoE Interest Rate Decision will be announced by the Bank of England, forecast is 0.25% vs 0.25% previous. The UK PMI Construction will...
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AUDUSD – Aussie Dollar Breaks Crucial Support Vs Dollar Post Fed Rate Hike

AUDUSD – Aussie Dollar Breaks Crucial Support Vs Dollar Post Fed Rate Hike Key Highlights The Aussie dollar broke a crucial support area at 0.7450 against the US dollar to ignite a downside move. There was a crucial bullish trend line formed on the 4-hours chart of AUDUSD, which was broken to open the doors for a bearish wave. The Fed interest rate was announced y...
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USDJPY – Dollar Set For Further Declines Vs Japanese Yen Post Fed Decision

USDJPY – Dollar Set For Further Declines Vs Japanese Yen Post Fed Decision Key Highlights The US Dollar remained in a downtrend against the Japanese yen, and may slide further. When we look at the daily chart of the USDJPY pair, then there is a major bearish trend line protecting the upside move. The fed interest rate decision was announced recently in which the c...
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USDJPY – Dollar Likely To Hit Fresh Lows Vs Yen, Eyes Fed

Key Highlights US Dollar continued to weaken versus the Japanese yen, and may post further losses in the near term. The daily chart of USDJPY is signaling a clear downtrend, and suggesting that the pair may trade towards 104.00. Today in the US, there is a major release, as the Fed interest rate decision will be announced. The forecast is of no change in the rates...
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AUDUSD – Aussie Dollar Crushed Post CPI Report

AUDUSD – Aussie Dollar Crushed Post CPI Report Key Highlights             Australian Dollar traded down against the US Dollar, and looks set for more declines. There was a major support area at 0.7700 in AUDUSD, which was broken during the downside drift. Australian Consumer Price Index released by the RBA and republished by the Australian Bureau of Stat...
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