USD/JPY Showing Signs of Weakness Below 108.50

Key Highlights The US Dollar topped near 109.00 and recently declined against the Japanese Yen. USD/JPY traded below a major bullish trend line with support near 108.25 on the 4-hours chart.The US CPI in June 2019 increased 0.1% (MoM), whereas the market was expecting no change.The US Producer Price Index is likely to remain flat in June 2019 (MoM). USDJPY Technical Anal...
Read More

USD/CHF Correcting Lower Before Fresh Increase

Key Highlights The US Dollar struggled to break the 0.9950 resistance against the Swiss Franc. There are many important supports for USD/CHF near 0.9860 and 0.9840.The US Wholesale Inventories increased 0.4% in May 2019, similar to the forecast.The US CPI in June 2019 might rise 0.2% (MoM), more than the last +0.1%. USDCHF Technical Analysis After a successful close a...
Read More

Can Gold Price Continue Higher Heading Into FOMC Minutes?

Key Highlights Gold price started a solid rebound after trading as low as $1,280.80 against the US Dollar.There was a break above a crucial declining channel with resistance at $1,292 on the 4-hours chart of XAU/USD.The US NFIB Business Optimism Index increased from 101.7 to 101.8 in March 2018.The US Consumer Price Index in March 2019 could increase 0.3% (MoM), less than t...
Read More

AUD/USD Rebound Reaching Crucial Juncture

Key Highlights The Aussie Dollar tested the 0.7000 support and rebounded nicely against the US Dollar. AUD/USD traded above a major bearish trend line at 0.7046 on the 4-hour chart. The US CPI in Feb 2019 increased 1.5% (YoY), less than the 1.6% forecast. The US Durable Goods Orders for Jan 2019 will be released today, which could decline 0.5% (MoM). AUDUSD Tec...
Read More

GBP/USD Upside Break Above 1.3100 Looks Real

Key Highlights The British Pound rallied recently after trading as low as 1.2960 against the US Dollar. A crucial bearish trend line was breached with resistance at 1.3120 on the 4-hours chart of GBP/USD. The US Retail Sales in Jan 2019 increased 0.2% (MoM), compared with the last decline of 1.6%. The US Consumer Price Index for Feb 2019 will be released today, wh...
Read More

AUD/USD Remains At Risk Of More Declines

Key Highlights The Aussie Dollar declined heavily after it failed to surpass the 0.7300 resistance against the US Dollar. There was a break below a crucial triangle support at 0.7210 on the 4-hours chart of AUD/USD. The NFIB Business Optimism Index in Jan 2019 declined from 104.4 to 101.2. Today in the US, the CPI figure for Jan 2019 will be released, which could ...
Read More

EUR/USD Remains Supported Above 1.1420

Key Highlights The Euro traded towards 1.1570 and later corrected lower against the US Dollar. There was a break below a major bullish trend line with support at 1.1510 on the 4-hours chart of EUR/USD. The US CPI in Dec 2018 declined 0.1% (MoM), similar to the market forecast. The Euro Area Industrial Production for Nov 2018 will be released today, which could dec...
Read More

USD/JPY Facing Significant Hurdles Near 108.80

Key Highlights The US Dollar recovered recently and moved above 107.20 against the Japanese Yen. There is a crucial bearish trend line formed with resistance at 108.45 on the 4-hours chart of USD/JPY. The US Initial Jobless Claims for the week ending Jan 05, 2018 declined from 233K (revised) to 216K. The US Consumer Price Index for Dec 2018 will be released today,...
Read More

GBP/JPY Could Struggle To Surpass 143.50

Key Highlights The British Pound fell significantly and tested the 141.00 support area against the Japanese Yen. There are two key bearish trend lines formed with resistance near 143.40-50 on the 4-hours chart of GBP/JPY. The UK Claimant Count in Nov 2018 changed 21.9K, more than the 13.2K forecast. Today, the US Consumer Price Index for Nov 2018 will be released,...
Read More

EUR/JPY Could Extend Slides Below 129.50

Key Highlights The Euro declined recently and broke the 130.80 support against the Japanese Yen. There is a major bearish trend line in place with resistance at 130.60 on the 4-hours chart of EUR/JPY. Recently in Japan, the Machinery New Orders posted a growth of 6.8% in August 2018 (MoM). Today, the US Consumer Price Index for Sep 2018 will be released, which is ...
Read More

12...»