05 February, 2019 by Aayush Jindal in Market Analysis
Key Highlights
The British Pound started a major downside correction from the 1.3217 high against the US Dollar.
There is a key declining channel formed with resistance at 1.3120 on the 4-hours chart of GBP/USD.
The UK Construction PMI in Jan 2019 declined from 52.8 to 50.6.
The UK Services PMI for Jan 2019 will be released today, which could decline from 51.2 to ...
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Tags: British PoundGBPUSD Technical AnalysisUK Construction PMIUK Services PMIUS dollar
06 November, 2018 by Aayush Jindal in Market Analysis
Key Highlights
The British Pound recovered nicely and settled above the 1.2900 resistance against the US Dollar.
There was a break above a significant bearish trend line with resistance at 1.2800 on the 4-hours chart of GBP/USD.
The UK Services PMI in Oct 2018 declined from the last reading of 53.9 to 52.2.
Today, the Euro Zone Services PMI for Oct 2018 will be re...
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Tags: British PoundGBPUSD Technical AnalysisUK Services PMIUS dollar
05 April, 2018 by Aayush Jindal in Market Analysis
Key Highlights
The British Pound traded lower recently and broke the 1.4100 support against the US Dollar.
There was a break below a major bullish trend line with support at 1.4060 on the 4-hours chart of GBP/USD.
The US ADP Employment Change in March 2018 posted a rise of 241K, more than the forecast of 205K.
Today, the UK Services PMI for March 2018 will be rele...
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Tags: British PoundGBPUSD Technical AnalysisUK Services PMIUS ADP Employment ChangeUS dollar
05 December, 2017 by Aayush Jindal in Market Analysis
Key Highlights
The British Pound is moving higher and is currently trading above the 1.3420 support against the US Dollar.
There is a crucial bullish trend line forming with support at 1.3430 on the 4-hours chart of GBP/USD.
The US Factory Orders declined by 0.1% in Oct 2017, less than the forecast of -0.4%.
Today, the UK Services PMI for Nov 2017 will be released...
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Tags: British PoundEuro Zone Services PMIGBPUSD Technical AnalysisUK Services PMIUS dollarUS Services PMI
03 November, 2017 by Aayush Jindal in Market Analysis
Key Highlights
The US Dollar remained elevated above the 113.50 pivot against the Japanese Yen.
There is a crucial bullish trend line in place with support at 113.60 on the 4-hours chart of USD/JPY.
The US Non-farm Productivity in Q3 2017 (Preliminary) rose 3%, compared with the +2.4% forecast.
Today, the US nonfarm payrolls report for Oct 2017 will be released, w...
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Tags: Canadian Employment ChangeJapanese yenUK Services PMIUS dollarUS NFPUS Nonfarm PayrollsUS Services PMIUS Unemployment RateUSDJPY Technical Analysis
06 May, 2015 by Aayush Jindal in Fundamental Analysis, GBPUSD, Market Analysis, Technical Analysis
Key Highlights
In the last 24 hours the British Pound has surged higher, however it has run into resistance right around the 200 hourly MA, and eased slightly lower in recent hours.
UK Services Purchasing Managers Index (PMI) will be released by both the Chartered Institute of Purchasing & Supply and the Markit Economics, and expected to decline from 58.9 to 58.5.
G...
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Tags: British PoundGBPUSDNew Zealand EmploymentUK Services PMIUS dollar
