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...
Read More

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%. ...
Read More

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...
Read More

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...
Read More

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....
Read More

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...
Read More

NZD/USD Remains Supported Ahead of FOMC

Key Highlights The New Zealand Dollar traded towards 0.6880 and later corrected lower against the US Dollar. Earlier, there was a break below a key bullish trend line with support at 0.6810 on the 4-hours chart of NZD/USD. The US GDP in Q3 2018 (Prelim) grew 3.5%, similar to the market forecast. Today in the US, the FOMC Meeting Minutes will be released, which cou...
Read More

Gold Price Facing Many Hurdles Near $1,235

Key Highlights Gold price failed to surpass the $1,236 and $1,239 resistances and declined against the US Dollar. There is a key bearish trend line formed with resistance at $1,232 on the 4-hours chart of XAU/USD. The US Housing Price Index in Sep 2018 increased 0.2% (MoM), less than the +0.4% forecast. Today, the US Gross Domestic Product for Q3 2018 (Preliminary...
Read More

EUR/USD Turned Bearish Below 1.1500

Key Highlights The Euro declined further and traded towards 1.1340 against the US Dollar. There is a major bearish trend line formed with resistance at 1.1460 on the 4-hours chart of EUR/USD. The US Gross Domestic Product for Q3 2018 (Preliminary) increased 3.5%, better than the 3.3% forecast. Today, the US Personal Income for Sep 2018 (MoM) will be released, whic...
Read More

USD/JPY Holding Key Uptrend Support Ahead of US GDP

Key Highlights The US Dollar started a downside correction after trading as high as 114.53 against the Japanese Yen. There is a crucial bullish trend line formed with support at 111.90 on the daily chart of USD/JPY. The US Durable Goods Orders in Sep 2018 increased 0.8%, better than the -0.9% forecast. Today, the US Gross Domestic Product for Q3 2018 (Preliminary)...
Read More

12...»