29 April, 2019 by Aayush Jindal in Market Analysis
Key Highlights
The Euro declined to a new monthly low at 1.1110
and later recovered against the US Dollar.A crucial bearish trend line is in place with
resistance at 1.1190 on the 4-hours chart of EUR/USD.The US GDP in Q1 2019 (Prelim) increased 3.2%,
more than the 2.0% forecast.The Euro Zone Business Climate Index in April
2019 could decline from 0.53 to 0.50.
EURUSD Te...
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Tags: EuroEURUSD Technical AnalysisUS dollarUS Gross Domestic Product
26 April, 2019 by Aayush Jindal in Market Analysis
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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Tags: Japanese yenUS dollarUS GDPUS Gross Domestic ProductUSDJPY Technical Analysis
28 March, 2019 by Aayush Jindal in Market Analysis
Key Highlights
Gold price started a solid upward move from the $1,282 support against the US Dollar.
There is a significant ascending channel formed with support at $1,308 on the 4-hours chart of XAU/USD.
The US Trade Balance in Jan 2019 posted a deficit of $-51.1B, better than the $-57.0B forecast.
The US Gross Domestic Product in Q4 2018 is likely to grow 2.4%, ...
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Tags: Gold PriceGold Price AnalysisGold Price ChartUS dollarUS Gross Domestic Product
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
