GBP/USD Recovery Approaching Key Juncture

Key Highlights The British Pound recovered recently after trading as low as 1.2439 against the US Dollar. GBP/USD is now struggling below the 1.2580 resistance and a bearish trend line on the 4-hours.The NY Empire State Manufacturing Index increased from -8.6 to 4.3 in July 2019.The UK Claimant count in June 2019 could change by 18.9K, less than the last 23.2K. GBPUSD Te...
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EUR/USD Retreats From Highs, Can It Bounce Back?

Key Highlights The Euro failed to gain momentum above 1.1350 and trimmed most gains against the US Dollar. EUR/USD traded below a connecting bullish trend line with support near 1.1280 on the 4-hours chart.The US Industrial Production in May 2019 increased 0.4% (MoM), more than the +0.2% forecast.The NY Empire State Manufacturing Index in June 2019 could decline from 17.80 ...
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EUR/USD Showing Positive Signs Above 100 SMA

Key Highlights The Euro started a strong rebound after trading as low as 1.1183 against the US Dollar.A crucial bullish trend line is formed with support at 1.1250 on the 4-hours chart of EUR/USD.The Michigan Consumer Sentiment Index in April (Prelim) declined from 98.4 to 96.9.The NY Empire State Manufacturing Index in April 2019 might increase from 3.7 to 6.0. EURUSD T...
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EURUSD – Euro Remains in the Driver’s Seat versus US Dollar

EURUSD - Euro Remains in the Driver's Seat versus US Dollar Key Highlights Euro traded higher recently against the US Dollar, and may continue to gain bids. There is a critical bullish trend line formed on the 4-hours chart of EURUSD, acting as a support area for the Euro. Today in the US, the NY Empire State Manufacturing Survey index will be by the Federal Reserve...
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