Crude Oil Price Trading Near Make-or-Break Levels

Key Highlights Crude oil price declined steadily and traded below $55.00 against the US dollar.A key bearish trend line is forming with resistance near $55.40 on the 4-hours chart of XTI/USD.The US ADP Employment changed 135K in Sep 2019, less than the 140K forecast.The US ISM Non-Manufacturing Index could decline from 56.4 to 55.0 in Sep 2019. Crude Oil Price Technical ...
Read More

Gold Price Remains Well Supported For More Gains

Key Highlights Gold price seems to be facing resistance near $1,550 and $1,555 against the US Dollar.A crucial bullish trend line is forming with support at $1,530 on the 4-hours chart of XAU/USD.EUR/USD recovered above 1.1000 and GBP/USD surged more than 150 pips recently.The US ADP Employment could change 148K in August 2019, less than the last 156K. Gold Price Technic...
Read More

Gold Price Remains In Strong Uptrend Above $1,400

Key Highlights Gold price started a downside correction from the $1,450 resistance against the US Dollar.A crucial bullish trend line is forming with support near $1,418 on the 4-hours chart of XAU/USD.The US Personal Income in June 2019 increased 0.4% (MoM), similar to the forecast.The US ADP Employment could change by 150K in July 2019, more than the last 102K. Gold Pr...
Read More

Gold Price Remains Well Supported On Dips

Key Highlights Gold price failed once again near the $1,435 resistance area against the US Dollar.A major bullish trend line is forming with support near $1,396 on the 4-hours chart of XAU/USD.The US ADP Employment changed 102K in June 2019, less than the 140K forecast.The Euro Zone Retail Sales in May 2019 might rise 0.3% (MoM), up from the last -0.4%. Gold Price Techni...
Read More

USD/CHF Recovery Could Extend Towards Parity

Key Highlights The US Dollar started a strong recovery from the 0.9696 low against the Swiss Franc. USD/CHF traded above a bearish trend line with resistance near 0.9790 on the 4-hours chart.The ISM-NY Business Conditions Index in June 2019 increased from 48.6 to 50.0.The US ADP Employment figure could change 140K in June 2019, up from the last 27K. USDCHF Technical Anal...
Read More

USD/CHF Could Revisit February 2019 Highs

Key Highlights The US Dollar gained traction above the 1.0000 resistance against the Swiss Franc. USD/CHF broke a crucial bearish trend line at 0.9995 on the 4-hours chart. The US ADP Employment declined from the last revised reading of 300K to 183K in Feb 2019. The US Initial Jobless Claims for the week ending Feb 26, 2019 will be released today, which could rema...
Read More

EUR/JPY Testing Crucial Support Near 126.30

Key Highlights The Euro climbed towards 127.50 before starting a downside correction against the Japanese Yen. A key bullish trend line is in place with support at 126.30 on the 4-hours chart of EUR/JPY. The Euro Area Retail Sales increased 1.3% (MoM) in Jan 2019, better than the +1.2% forecast. The US ADP Employment figure for Feb 2019 will be released today, whi...
Read More

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%, ...
Read More

GBP/USD Nosedives Below Key Support, More Losses Likely

Key Highlights The British Pound formed a top near 1.2815 and later declined sharply against the US Dollar. There was a break below a major ascending channel with support at 1.2650 on the 4-hours chart of GBP/USD. The US Manufacturing PMI in Dec 2018 declined from the last revised reading of 55.3 to 53.8. Today in the US, the ADP Employment Change figure for Dec 2...
Read More

USD/JPY Facing Uphill Task Ahead of US NFP

Key Highlights The US Dollar declined recently and broke the 113.20 support against the Japanese Yen. There is a key bearish trend line formed with resistance near 113.30 on the 4-hours chart of USD/JPY. The US ADP Employment Change in Nov 2018 declined from 225K (revised) to 179K. Today, the US nonfarm payrolls figure for Nov 2018 will be released, which is forec...
Read More

12...»