20 December, 2019 by Aayush Jindal in Market Analysis
Key Highlights
USD/JPY struggled again to surpass the 109.70
resistance area.The pair is showing bearish signs and it could
correct below 109.20.The US Initial Jobless Claims for the week
ending Dec 14, 2019 declined from 252K to 234K.The US GDP could grow 2.1% in Q3 2019, similar
to the last reading.
USD/JPY Technical Analysis
This past week, there was a sharp increa...
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Tags: Japanese yenUS dollarUS GDPUS Gross Domestic ProductUSD/JPY Technical Analysis
28 November, 2019 by Aayush Jindal in Market Analysis
Key Highlights
USD/CAD struggled to continue above 1.3325 and
corrected lower.A connecting bullish trend line is forming with
support near 1.3245 on the 4-hours chart.The US GDP grew 2.1% in Q3 2019 (Prelim), better
than the 1.9% forecast.The Euro Zone Consumer Confidence is likely to
remain at -7.2 in Nov 2019.
USD/CAD Technical Analysis
This past week, the US Dollar...
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Tags: Canadian dollarUS dollarUS Gross Domestic ProductUSD/CAD Technical Analysis
27 November, 2019 by Aayush Jindal in Market Analysis
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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Tags: Gold PriceGold Price Technical AnalysisUS dollarUS GDPUS Gross Domestic Product
31 October, 2019 by Aayush Jindal in Market Analysis
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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Tags: Euro Zone Gross Domestic ProductSwiss francUS dollarUS GDPUS Gross Domestic ProductUSD/CHF Technical Analysis
30 October, 2019 by Aayush Jindal in Market Analysis
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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Tags: Fed Interest Rate DecisionGold PriceGold Price Technical AnalysisUS dollarUS GDPUS Gross Domestic Product
27 September, 2019 by Aayush Jindal in Market Analysis
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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Tags: Japanese yenUS dollarUS GDPUS Gross Domestic ProductUS Personal IncomeUSD/JPY Technical Analysis
26 September, 2019 by Aayush Jindal in Market Analysis
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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Tags: Swiss francUS dollarUS GDPUS Gross Domestic ProductUSD/CHF Technical Analysis
29 August, 2019 by Aayush Jindal in Market Analysis
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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Tags: Gold PriceGold Price Technical AnalysisUS dollarUS GDPUS Gross Domestic Product
29 July, 2019 by Aayush Jindal in Market Analysis
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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Tags: EuroEURUSD Technical AnalysisUS dollarUS GDPUS Gross Domestic Product
26 July, 2019 by Aayush Jindal in Market Analysis
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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Tags: Japanese yenUS dollarUS GDPUS Gross Domestic ProductUS initial jobless claimsUSDJPY Technical Analysis
