01 October, 2019 by Aayush Jindal in Market Analysis
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 ...
30 September, 2019 by Aayush Jindal in Market Analysis
The Euro extended its decline below the 1.0950
support against the US Dollar. A crucial bearish trend line is forming with
resistance near 1.1010 on the 4-hours chart of EUR/USD.The Caixin China Manufacturing PMI increased
from 50.4 to 51.4 in Sep 2019.The UK GDP in Q2 2019 could grow 0.5% (QoQ), improved
from the last -0.2%.
EUR/USD Technical Analysis
09 August, 2019 by Aayush Jindal in Market Analysis
The US Dollar declined heavily after it broke
the 108.60 support against the Japanese Yen. A short term bearish trend line is forming with
resistance near 106.40 on the 4-hours chart of USD/JPY.The US Initial Jobless Claims in the week ending
August 03, 2019 declined from 217K to 209K.The US PPI in July 2019 might increase 0.2%
(MoM), more than the last +0.1%...
11 February, 2019 by Aayush Jindal in Market Analysis
The Euro formed a significant top at 1.1514 and declined heavily against the US Dollar.
EUR/USD broke a few important supports such as 1.1440 and 1.1400.
The German Trade Balance in Dec 2018 posted a surplus of €19.4B, better than the €18.4B forecast.
UK GDP for Q4 2016 (Preliminary) will be released today, which could grow 0.2% (QoQ).
23 November, 2017 by Aayush Jindal in Market Analysis
The British Pound traded higher recently and broke the 1.3280 resistance against the US Dollar.
There was a break above two crucial bearish trend lines with resistance near 1.3280 on the 4-hours chart of GBP/USD.
The US Durable Goods Orders in Oct 2017 declined 1.2% whereas the market was looking for a 0.3% rise.
The UK GDP figure for Q3 2017 will b...
25 October, 2017 by Aayush Jindal in Market Analysis
Gold price struggled to settle above $1300 against the US Dollar and moved down.
There is a major bullish trend line forming with support at $1270 on the daily chart of XAU/USD.
The US Manufacturing PMI in Oct 2017 (Prelim) posted a rise from the last reading of 53.1 to 54.5.
Today, the US New Home Sales for Sep 2017 will be released, which is forec...
23 February, 2017 by Aayush Jindal in Market Analysis
The British Pound after trading close to 142.00 against the Japanese yen found sellers.
There GBPJPY pair failed to break a bearish trend line with resistance at 142.00 on the 4-hours chart.
The Q4 2016 Gross Domestic Product preliminary release in the UK by the National Statistics was disappointing, as there was an increase of 2% (YoY), less than the ...
27 October, 2016 by Aayush Jindal in GBPUSD, Market Analysis, Technical Analysis
GBPUSD – 1.2240 Holds Key For British Pound; UK GDP Next
The British Pound recovered recently to trade above 1.2150 against the US Dollar.
There is a crucial resistance formed near 1.2220-40, as a couple of bearish trend lines are positioned.
Today, the UK preliminary Gross Domestic Product will be released by the National Statistics, which is forec...