EUR/USD Remains In Significant Downtrend

Key Highlights The Euro failed to hold the 1.1200 support and declined heavily against the US Dollar. A major bearish trend line is forming with resistance near 1.1215 on the 4-hours chart of EUR/USD.The US Gross Domestic Product grew 2.1% in Q2 2019 (Prelim), more than the 1.8% forecast.The Spanish CPI in July 2019 (Prelim) could increase 0.4% (YoY), similar to the last ch...
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USD/JPY Eyeing More Upsides Above 109.00

Key Highlights The US Dollar climbed higher recently from the 108.00 support against the Japanese Yen. USD/JPY traded above a key bearish trend line at 108.15 on the 4-hours chart.The US Initial Jobless Claims for the week ending July 20, 2019 declined from 216K to 206K.The US Gross Domestic Product in Q2 2019 (Prelim) might grow 1.8%, less than the last +3.1%. USDJPY Te...
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USD/JPY Trading Near Make-or-Break Levels

Key Highlights The US Dollar started a decent recovery from 106.80 against the Japanese Yen. USD/JPY is facing a strong resistance near 108.20 and a bearish trend line on the 4-hours chart.The US GDP in Q1 2019 grew 3.1%, similar to the market expectation.The US Personal Income in May 2019 could rise 0.4% (MoM), more than the last +0.3%. USDJPY Technical Analysis Afte...
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AUD/USD Recovery Approaching Key Resistance

Key Highlights The Aussie Dollar started a strong recovery from the 0.6830 support against the US Dollar. AUD/USD broke the 0.6900 resistance and a bearish trend line on the 4-hours chart.The US Durable Goods Orders declined 1.3% in May 2019, more than the -0.1% forecast.The US Gross Domestic Product in Q1 2019 could grow 3.1%. AUDUSD Technical Analysis After trading ...
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USD/JPY Recovery Failed Near Key Resistance

Key Highlights The US Dollar found support near 109.20 and recently recovered against the Japanese Yen. USD/JPY failed near 109.90 and remained below a key bearish trend line on the 4-hours chart.The US GDP grew 3.1% in Q1 2019, according to the "second" estimate.The US Personal Income in April 2019 could rise 0.3% (MoM), more than the last +0.1%. USDJPY Technical Analys...
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USD/JPY Near Crucial Juncture Ahead of US GDP Release

Key Highlights The US Dollar spiked higher, but failed to stay above 112.00 against the Japanese Yen.An ascending channel is in place with support near 111.30 on the 4-hours chart of USD/JPY.The US Durable Goods Orders in March 2019 gained 2.7% (MoM), more than the 0.8% forecast.The US Gross Domestic Product in Q1 2019 (Prelim) could increase 2.1%, less than the last 2.2%. ...
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USD/JPY In Significant Uptrend Above 111.00

Key Highlights The US Dollar climbed higher and broke the 111.00 resistance against the Japanese Yen. There is a crucial bullish trend line in place with support at 110.60 on the 4-hours chart of USD/JPY. The US GDP in Q4 2019 grew 2.6% (Prelim), better than the forecast 2.3% forecast. The US ISM Manufacturing Index for Feb 2019 will be released today, which could...
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USD/CAD In Strong Downtrend Below 1.3200

Key Highlights The US Dollar declined heavily and settled below 1.3200 against the Canadian Dollar. There is a crucial declining channel in place with resistance at 1.3200 on the 4-hours chart of USD/CAD. Canada’s CPI increased 0.1% (MoM) in Jan 2019, less than the 0.2% forecast. The US Gross Domestic Product for Q4 2018 (Preliminary) will be released today, whi...
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EUR/USD Decline Could Extend Below 1.1350

Key Highlights The Euro faced a strong barrier near 1.1480 and declined recently against the US Dollar. EUR/USD faced a strong resistance trend line at 1.1485 on the 4-hour chart. The US GDP in Q3 2018 increased 3.4%, less than the forecast of 3.5%. Today in the US, the Chicago Fed National Activity Index for Nov 2018 will be released, and it could decline from 0....
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USD/JPY Nosedives Below 112.00, US GDP Next

Key Highlights The US Dollar declined heavily and broke the 112.00 support against the Japanese Yen. USD/JPY failed to break the 113.80-114.00 resistance zone and declined sharply. The US Initial Jobless Claims for the week ending Dec 15, 2018 increased from 206K to 214K. Today, the US Gross Domestic Product for Q3 2018 will be released, which is forecasted to gro...
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