Can Gold Price Hold The Ground Above $1,450?

Key Highlights Gold price is trading above the $1,450 and $1,455 support levels against the US Dollar.EUR/USD and GBP/USD remained in the positive zone.The US CPI increased 2.1% in Nov 2019 (YoY), more than the 2.0% forecast.The US Initial Jobless Claims for the week ending Dec 07, 2019 could rise from 203K to 213K. Gold Price Technical Analysis This past week, gold p...
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NZD/USD Remains In Uptrend Above 0.6500

Key Highlights NZD/USD rallied above 0.6500 after it broke the 0.6430 resistance area.A crucial bullish trend line is forming with support near 0.6470 on the 4-hours chart.China’s Consumer Price Index increased 4.5% (YoY) in Nov 2019, more than the 4.2% forecast.The US Consumer Price Index could increase 2% in Nov 2019 (YoY). NZD/USD Technical Analysis After bottomi...
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USD/CHF Could Face Hurdles If It Recovers

Key Highlights USD/CHF started a fresh decline after it failed to surpass 0.9980.There was a break below a key bullish trend line at 0.9932 on the 4-hours chart.The US CPI increased 1.8% in Oct 2019 (YoY), better than the market forecast of 1.7%.The US Initial Jobless claims for the week ending Nov 09, 2019 could rise to 215K from 211K. USD/CHF Technical Analysis Afte...
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USD/JPY Could Continue To Rise Towards 108.45

Key Highlights The US Dollar started a fresh increase from the 106.50 support against the Japanese Yen. A key ascending channel is forming with support near 107.35 on the 4-hours chart of USD/JPY.The US CPI in Sep 2019 was unchanged, whereas the forecast was +0.1% (MoM). The Michigan Consumer Sentiment Index could decline from 93.2 to 92.0 in Oct 2019 (Prelim). USD/JPY T...
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AUD/USD Recovery Above 0.6780 Won’t Be Easy

Key Highlights The Aussie Dollar started an upside correction from the 0.6670 low against the US Dollar. AUD/USD surpassed a major bearish trend line at 0.6735 on the 4-hours chart.The US Wholesale Inventories increased 0.2% in August 2019, less than the +0.4% forecast. The US CPI might increase 0.1% in Sep 2019 (MoM), similar to the last reading. AUD/USD Technical Analy...
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USD/JPY Surging And Likely To Continue Higher

Key Highlights The US Dollar is in a positive zone and recently climbed above 108.00 against the Japanese Yen. A crucial bullish trend line is forming with support near 107.25 on the 4-hours chart of USD/JPY.The US CPI increased 0.1% in August 2019 (MoM), less than the last 0.3%.The US Retail Sales might rise 0.2% in August 2019, less than the last +0.7%. USD/JPY Technic...
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USD/CHF Primed For Further Upsides Above 0.9950

Key Highlights The US Dollar gained momentum above 0.9850 and broke 0.9900 against the Swiss Franc. USD/CHF remains supported near 0.9880 and a key bullish trend line on the 4-hours chart.The US PPI increased 1.8% in August 2019 (YoY), more than the 1.7% forecast.The US CPI could increase 0.1% in August 2019 (MoM), less than the last +0.3%. USD/CHF Technical Analysis ...
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Gold Price Hits New 6-Year High, Rally Seems Unstoppable

Key Highlights Gold price rallied above the $1,500 and $1,520 resistance levels against the US Dollar.A new 6-year high was formed above $1,530 before the price corrected lower.The US CPI increased 1.8% in July 2019 (YoY), more than the 1.7% forecast.The UK CPI might increase 1.9% in July 2019 (YoY), less than the last 2.0%. Gold Price Technical Analysis This month, g...
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GBP/USD Rebound Could Fail Near 1.2150 or 1.2200

Key Highlights The British Pound recovered from a new 2-year low at 1.2014 against the US Dollar. GBP/USD is likely to face a strong selling interest near 1.2150 or 1.2200.The UK Claimant count could change 22.8K in July 2019, less than the last 38.0K.EUR/USD remained well bid and supported above the 1.1150 area. GBP/USD Technical Analysis In the past few days, the Br...
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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...
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