USD/JPY – Bearish Break Sighted for Dollar To Japanese Yen

Key Highlights The US Dollar seems like made a short-term top near 114.48 against the Japanese Yen. The USD/JPY pair broke a major bullish pattern with support at 113.80 on the 4-hours chart. Today in the US, the Consumer Price Index for June 2017 will be published, which is forecasted to increase by 1.7% (YoY), down from the last +1.9%. Recently in the US, the In...
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GBP/USD – British Pound Declines Due to Delays in Brexit Talks

Key Highlights The British Pound came under a lot of pressure due to the UK’s general election result and Conservatives losing majority. The GBP/USD pair traded sharply lower during the past few days and broke a few important supports such as 1.2900 and 1.2770. Today in the UK, the Claimant Change for May 2017 will released by the National Statistics, which is fore...
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EURUSD – Euro Attempting a Comeback Vs US Dollar

Key Highlights The Euro after a decline towards 1.0840 against the US Dollar this past week found support and recovered. The EURUSD pair is currently trading near a broken support trend line at 1.0930 on the 4-hours chart. The US Consumer Price Index for April 2017 released by the US Bureau of Labor Statistics this past Friday posted a rise of 2.2%, which was less th...
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Gold Price Established a Medium-term Bearish Trend?

Key Highlights Gold price after trading towards $1300 in mid-April 2017 faced a strong resistance, and started a downside move. There was a break below a monster ascending channel support at $1240 during the start of May 2017, signaling a bearish bias. The downside move extended this week, and now sellers eye a break below $1200. Today, the US Consumer Price Index...
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AUDUSD – Aussie Dollar Breaks Crucial Support Vs Dollar Post Fed Rate Hike

AUDUSD – Aussie Dollar Breaks Crucial Support Vs Dollar Post Fed Rate Hike Key Highlights The Aussie dollar broke a crucial support area at 0.7450 against the US dollar to ignite a downside move. There was a crucial bullish trend line formed on the 4-hours chart of AUDUSD, which was broken to open the doors for a bearish wave. The Fed interest rate was announced y...
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AUDUSD – Downside Pressure Remain Intact On Aussie Dollar

AUDUSD – Downside Pressure Remain Intact On Aussie Dollar Key Highlights Aussie dollar started the week on a negative note against the US Dollar and may continue to weaken. The AUDUSD pair is currently following a bearish trend line on the hourly chart, which is acting as a resistance. The Australian New Motor Vehicle Sales released by the Australian Bureau of Sta...
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EURUSD – Euro Poised For Declines Versus US Dollar

EURUSD – Euro Poised For Declines Versus US Dollar Key Highlights The Euro after completing a corrective rally against the US Dollar found sellers and started to move down. There was a monster resistance area around the 1.1160-80 levels, which acted as a barrier for the Euro bulls and pushed the EURUSD pair down. In the US today, the NAHB Housing Market Index will...
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USDCAD – US Dollar Setting Up For More Losses Against CAD?

USDCAD – US Dollar Setting Up For More Losses Against CAD? Key Highlights The US Dollar moved down against the Canadian dollar, and it looks poised for more declines. There was a major bullish trend line formed on the 4-hours chart of the USDCAD pair, which was broken during the downside move. In the US, the Consumer Price Index will be released by the US Bureau o...
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AUDJPY – 80.00 Represents Major Resistance For Aussie Dollar

AUDJPY – 80.00 Represents Major Resistance For Aussie Dollar Key Highlights Aussie Dollar managed to find bids recently near 78.60 vs the Japanese yen and traded higher. However, the AUDJPY pair is facing resistance near a bearish trend line formed on the hourly chart. In Australia, the minutes of the Reserve Bank of Australia meetings were published, which pushed...
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