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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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...
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USD/CAD Broke Key Support, Recovery Could Be Capped

Key Highlights The US Dollar declined heavily below the 1.3400 support area against the Canadian Dollar. USD/CAD is likely to face resistance near the 1.3330 and 1.3350 levels.The US PPI in May 2019 increased 1.8% (YoY), less than the +2.0% forecast.The US CPI in May 2019 could increase 0.1% (MoM), less than the last +0.3%. USDCAD Technical Analysis In the past few da...
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EUR/USD Sighting Larger Recovery Above 1.1280

Key Highlights The Euro found support near 1.1175 and corrected higher against the US Dollar.A major bullish trend line is forming with support at 1.1195 on the 4-hours chart of EUR/USD.The US CPI in April 2019 increased 2.0% (YoY), less than the +2.1% forecast.Canada’s unemployment rate declined from 5.8% to 5.7% in April 2019. EURUSD Technical Analysis After tradi...
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USD/JPY Daily Chart Suggests Crucial Downside Break

Key Highlights The US Dollar declined sharply after it was rejected above 112.00 against the Japanese Yen.USD/JPY traded below a crucial bullish trend line with support at 111.05 on the daily chart.The US PPI in April 2019 increased 2.2% (YoY), less than the +2.3% forecast.The US CPI in April 2019 could rise 2.1% (YoY), up from than the last +1.9%. USDJPY Technical Analy...
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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...
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