AUD/USD Trimming Gains, Can It Bounce Back?

Key Highlights The Aussie Dollar topped near 0.6895 and declined recently against the US Dollar. AUD/USD broke an ascending channel with support near 0.6870 on the 4-hours chart.Australia’s Employment changed 34.7K in August 2019, less than the last revised 36.4K.The Unemployment rate increased from 5.2% to 5.3% in August 2019. AUD/USD Technical Analysis Earlier thi...
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USD/CAD Awaits Canada’s CPI and Fed Decision, Oil Price Trimming Gains

Key Highlights The US Dollar climbed higher recently above 1.3200 against the Canadian Dollar. Oil prices surged higher this week after weekend’s attack on Saudi Arabia’s massive oil facility.The US Industrial Production increased 0.6% in August 2019 (MoM), more than the +0.2% forecast.Canada’s CPI could decline 0.1% in August 2019 (MoM), whereas it increased last mon...
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GBP/USD Turns Green, Can Bulls Remain In Action?

Key Highlights The British Pound climbed higher sharply above 1.2400 against the US Dollar. GBP/USD remains well supported near 1.2375 and a bullish trend line on the 4-hours chart.The NY Empire State Manufacturing Index declined from 4.8 to 2.0 in Sep 2019.The US Industrial Production might rise 0.2% in August 2019 (MoM), better than the last -0.2%. GBP/USD Technical An...
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EUR/USD Primed To Continue Higher Post Double Bottom

Key Highlights The Euro started a strong rise from the 1.0925 support against the US Dollar. EUR/USD is facing resistance near 1.1100 and a bearish trend line on the 4-hours chart.China’s Retail Sales increased 7.5% in August 2019 (YoY), less than the last 7.6%.The NY Empire State Manufacturing Index could decline from 4.80 to 4.55 in Sep 2019. EUR/USD Technical Analys...
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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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NZD/USD Could Correct Before Fresh Increase

Key Highlights The New Zealand Dollar recovered nicely above 0.6400 against the US Dollar. NZD/USD surpassed a major bearish trend line with resistance near 0.6340 on the 4-hours chart.The US NFIB Business Optimism Index decreased from 104.7 to 103.1 in August 2019.The US PPI could increase 0.1% in August 2019 (MoM), less than the last +0.2%. NZD/USD Technical Analysis ...
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GBP/USD Showing Positive Signs Above 1.2300

Key Highlights The British Pound gained traction and broke the 1.2300 resistance area against the US Dollar. GBP/USD is facing resistance near 1.2400 and a trend line on the 4-hours chart.The UK Manufacturing Production in July 2019 increased 0.3% (MoM).The UK Claimant Count could change 29.3K in August 2019, less than the last 28.0K. GBP/USD Technical Analysis The Br...
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EUR/USD Rebound Facing Resistance Near 1.1100

Key Highlights The Euro started an upside correction from the 1.0925 low against the US Dollar. EUR/USD is facing resistance near 1.1080 and a bearish trend line on the 4-hours chart.The US Nonfarm Payrolls increased 130K in August 2019, less than the 158K market forecast.The UK Industrial production could decline 0.1% in July 2019 (MoM), similar to the last month. EUR/U...
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USD/JPY Gaining Bullish Momentum, US NFP Report Next

Key Highlights The US Dollar gained momentum above the 106.80 resistance against the Japanese Yen. USD/JPY broke a crucial bearish trend line with resistance near 106.50 on the 4-hours chart.The US ISM Non-Manufacturing PMI increased from 53.7 to 56.4 in August 2019.The US nonfarm payrolls in August 2019 could increase 158K, less than the last 164K. USD/JPY Technical Ana...
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