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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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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