Gold Price Trading Near Make-or-Break Levels

Key Highlights Gold price seems to be struggling to hold the $1,450 support area against the US Dollar.A major bearish trend line is forming with resistance near $1,463 on the 4-hours chart of XAU/USD.The US Goods Trade deficit was $-66.53 B in Oct 2019, down from the last $-70.55 B.The US GDP is likely to grow 1.9% in Q3 2019 (Preliminary). Gold Price Technical Analysis...
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USD/CHF Could Target Additional Weakness

Key Highlights The US Dollar started a fresh decline from 0.9970 against the Swiss Franc.A crucial bearish trend line is forming with resistance near 0.9940 on the 4-hours chart of USD/CHF.The US GDP grew 1.9% in Q3 2019 (Prelim), more than the market forecast of 1.6%.The US Personal Income could rise 0.4% in Sep 2019 (MoM), more than the last +0.2%. USD/CHF Technical An...
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Gold Price Showing Bearish Signs, Fed Decision Next

Key Highlights Gold price struggled to climb above $1,520 and declined recently against the US Dollar.There was a break below a major bullish trend line with support near $1,490 on the 4-hours chart of XAU/USD.The US Pending Home Sales increased 1.5% in Sep 2019 (MoM), more than the +0.9% forecast.The US GDP is likely to grow 1.7% in Q3 2019 (Preliminary), down from the las...
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USD/JPY Remains Supported On Dips

Key Highlights The US Dollar is trading nicely above the key support at 107.00 against the Japanese Yen. Earlier, USD/JPY traded below a major bullish trend line at 108.10 on the 4-hours chart.The US GDP grew 2% in Q2 2019, similar to the market forecast and the last reading.The US Personal Income could rise 0.4% in August 2019 (MoM), better than the last +0.1%. USD/JPY ...
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USD/CHF Showing Bearish Signs, US GDP Report Next

Key Highlights The US Dollar started a downward move after it failed to break 0.9980 against the Swiss Franc. USD/CHF traded below a crucial bullish trend line at 0.9915 on the 4-hours chart.The ZEW Economic Expectations Index for Switzerland improved from -37.5 to -15.4 in Sep 2019.The US Gross Domestic Product is likely to grow 2.0% in Q2 2019. USD/CHF Technical Analys...
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USD/JPY Facing Uphill Task Near 107.00 Resistance

Key Highlights The US Dollar recovered strongly after a sharp decline to 104.45 against the Japanese Yen. USD/JPY is facing a strong resistance on the upside near 106.80 and 107.00.The US GDP in Q2 2019 (Prelim) increased 2.0%, similar to the market forecast.The US Personal Income might rise 0.3% in July 2019, less than the last +0.4%. USD/JPY Technical Analysis This...
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Gold Price Could Rally To $1,560, US GDP Next

Key Highlights Earlier this week, gold price surged to a new 6-year high at $1,555 against the US Dollar.The price remains supported near $1,525 and a bullish trend line on the 4-hours chart.EUR/USD is struggling below 1.1120 and GBP/USD is holding the key 1.2150 support.The US GDP in Q2 2019 is likely to grow 2% (preliminary), less than the last 2.1%. Gold Price Technic...
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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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