GBP/USD Approaching Crucial Resistance Near 1.3300

Key Highlights The British Pound recovered nicely after trading towards the 1.3000 support against the US Dollar. A major bullish trend line is in place with support at 1.3120 on the 4-hours chart of GBP/USD. The Chicago Fed National Activity Index (CFNAI) declined from -0.25 to -0.29 in Feb 2019. The US Consumer Confidence in March 2019 could increase from 131.4 ...
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EUR/USD Could Extend Losses Before Fresh Increase

Key Highlights The Euro faced a strong resistance near 1.1450 and later corrected lower against the US Dollar. EUR/USD traded below a major bullish trend line with support at 1.1365 on the 4-hours chart. The US Manufacturing PMI for March 2019 (Prelim) declined from 53.0 to 52.5. The German IFO Business Climate Index for March 2019 could rise from 98.5 to 98.7. ...
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USD/JPY Could Correct Lower In Medium Term

Key Highlights The US Dollar found a strong resistance above 112.00 and recently declined against the Japanese Yen. Two important bearish trend lines are in place near 111.60 and 112.50 on the daily chart of USD/JPY. The US Initial Jobless Claims for the week ending March 16, 2019 declined from 230K to 221K. The US Manufacturing PMI for March 2019 (Preliminary) co...
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Gold Price Could Continue To Rise Near Term

Key Highlights Gold price found support near $1,292 recently and climbed above $1,300 against the US Dollar. There was a break above a key bearish trend line with resistance at $1,305 on the 4-hours chart of XAU/USD. The US Factory Orders increased 0.1% in Jan 2019 (MoM), less than the +0.3% forecast. The Fed Interest Rate Decision is scheduled later today (foreca...
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GBP/USD Remains In Uptrend Above 1.3120

Key Highlights The British Pound climbed to 1.3380 before correcting lower against the US Dollar. A major bullish trend line is formed with support at 1.3060 on the 4-hours chart of GBP/USD. The UK Rightmove House Price Index increased 0.4% in Feb 2019 (MoM), less than the last +0.7%. The UK Claimant Count for Feb 2019 will be released today, which could change by...
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Can EUR/USD Buyers Keep The Recovery Going?

Key Highlights The Euro started a solid rebound and traded above 1.1300 against the US Dollar. EUR/USD broke two bearish trend lines near 1.1280 on the 4-hours chart. The US Industrial Production increased 0.1% in Feb 2019 (MoM), less than the +0.4% forecast. The Euro Zone Trade Balance for Jan 2019 will be released today, which could post a surplus of €13.2B, d...
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USD/JPY Remains Well Supported On Dips

Key Highlights The US Dollar found support near 110.75 and rebounded against the Japanese Yen. A major bullish trend line is formed with support at 111.15 on the 4-hour chart of USD/JPY. The US Initial Jobless Claims for the week ending March 19, 2019 increased from 223K o 229K. The US Industrial Production report for Feb 2019 will be released today, which may ris...
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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...
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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...
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EUR/USD Could Struggle To Recover Above 1.1300

Key Highlights The Euro declined heavily and broke the 1.1250 support against the US Dollar. There was a break below a couple of important bullish trend lines on the 4-hours chart of EUR/USD. The US nonfarm payrolls in Feb 2019 came in at 20K, less than the 180K forecast. The US Retail Sales for Jan 2019 will be released today, which could increase 0.1% (MoM). ...
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