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
27 June, 2019 by Aayush Jindal in Market Analysis
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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Tags: AUDUSD Technical AnalysisAussie dollarUS dollarUS GDPUS Gross Domestic Product
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
