24 December, 2018 by Aayush Jindal in Market Analysis
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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Tags: EuroEURUSD Technical AnalysisUS dollarUS GDPUS Gross Domestic Product
21 December, 2018 by Aayush Jindal in Market Analysis
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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Tags: Japanese yenUS dollarUS GDPUS Gross Domestic ProductUS initial jobless claimsUSDJPY Technical Analysis
29 November, 2018 by Aayush Jindal in Market Analysis
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...
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Tags: FOMC Meeting MinutesNew Zealand dollarNZDUSD Technical AnalysisUS dollarUS GDPUS Gross Domestic Product
28 November, 2018 by Aayush Jindal in Market Analysis
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...
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Tags: Gold PriceGold Price Technical AnalysisUS dollarUS GDPUS Gross Domestic Product
29 October, 2018 by Aayush Jindal in Market Analysis
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...
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Tags: EuroEURUSD Technical AnalysisUS dollarUS GDPUS Gross Domestic ProductUS Personal Income
26 October, 2018 by Aayush Jindal in Market Analysis
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)...
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Tags: Japanese yenUS dollarUS GDPUS Gross Domestic ProductUSDJPY Technical Analysis
30 August, 2018 by Aayush Jindal in Market Analysis
Key Highlights
The Australian Dollar was recently rejected near the 0.7350-60 resistance against the US Dollar.
There is a crucial bearish trend line formed with resistance at 0.7335 on the 4-hour chart of AUD/USD.
The US GDP in Q2 2018 (Prelim) grew 4.2%, more than the forecast of 4.0%.
Today, the US Personal Income for July 2018 will be released, which is foreca...
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Tags: AUDUSD Technical AnalysisAussie dollarUS dollarUS GDPUS Gross Domestic ProductUS initial jobless claims
29 August, 2018 by Aayush Jindal in Market Analysis
Key Highlights
Gold price climbed higher recently and broke the $1,200 and $1,205 resistances against the US Dollar.
There was a break above a major bearish trend line with resistance near $1,198 on the 4-hours chart of XAU/USD.
The US Wholesale Inventories in July 2018 (Preliminary) increased 0.7%, more than the +0.1% forecast.
The US Gross Domestic Product for Q...
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Tags: Gold PriceGold Price ChartGold Price Technical AnalysisUS dollarUS GDPUS Gross Domestic Product
28 June, 2018 by Aayush Jindal in Market Analysis
Key Highlights
The US Dollar is trading in a bullish zone above the 0.9880 support against the Swiss Franc.
There is a crucial bullish trend line formed with support at 0.9880 on the 4-hours chart of USD/CHF.
The US durable goods orders decreased 0.6% in May 2018 (MoM), less than the forecast of -1.0%.
Today in the US, the GDP figure for Q1 2018 will be released, ...
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Tags: German Consumer Price IndexSwiss francUS dollarUS GDPUS Gross Domestic ProductUS initial jobless claimsUSDCHF Technical Analysis
31 May, 2018 by Aayush Jindal in Market Analysis
Key Highlights
The Aussie recovered recently and moved above the 0.7500 resistance against the US Dollar.
There is a major bearish trend line in place with resistance at 0.7570 on the 4-hours chart of AUD/USD.
The US Gross Domestic Product in Q1 2018 increased 2.2% (Prelim), less than the forecast of +2.3%.
Today in the US, the Initial Jobless Claims for the week ...
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Tags: AUDUSD Technical AnalysisAussie dollarUS dollarUS Gross Domestic ProductUS initial jobless claims
