USD/JPY Signaling Bullish Continuation Above 109.50

Key Highlights USD/JPY recovered sharply and climbed above the 109.00 resistance area.The current trend is positive, suggesting more gains if the pair surpasses 109.70.The US Initial Jobless Claims for the week ending Jan 04, 2020 declined from 223K to 214K.The US nonfarm payrolls could increase 164K in Dec 2019, less than the last 266K. USD/JPY Technical Analysis Aft...
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Gold Price Massive Rally Pauses But Not Likely Over

Key Highlights Gold price rallied further above the $1,550 and $1,600 resistance levels against the US Dollar.There was a break above a crucial bearish trend line with resistance near $1,480 on the daily chart of XAU/USD.The US ADP Employment increased 202K in Dec 2019, more than the 160K forecast.The US Initial Jobless Claims for the week ending Jan 04, 2020 could decline ...
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USD/JPY Breaks Key Support, More Losses Likely

Key Highlights USD/JPY was rejected near 109.70 and it declined below 109.00.The pair broke a broad range support near 108.50.The US Initial Jobless Claims for the week ending Dec 28, 2019 declined to 222K.The US ISM Manufacturing PMI could increase from 48.1 to 49.0 in Dec 2019. USD/JPY Technical Analysis After another rejection near 109.70, USD/JPY declined heavily ...
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Gold Price Rally Could Extend, Dips Supported

Key Highlights Gold price rallied recently above the $1,500 resistance against the US Dollar.A major bullish trend line is forming with support near $1,498 on the 4-hours chart of XAU/USD.EUR/USD and GBP/USD are showing positive signs above 1.1150 and 1.3120 respectively.The US Initial Jobless Claims for the week ending Dec 28, 2019 could rise from 222K to 227K. Gold Pri...
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USD/JPY Sighting Crucial Upside Break

Key Highlights USD/JPY is likely to accelerate gains if it clears the 109.80 resistance area.A strong support base seems to be forming near 109.20.The US Initial Jobless Claims for the week ending Dec 21, 2019 declined from 235K to 222K.EUR/USD and GBP/USD are showing signs of an upside correction. USD/JPY Technical Analysis After a downside correction, USD/JPY remain...
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Gold Price Stuck Between Key Supports & Resistances

Key Highlights Gold price is struggling to gain momentum above $1,480 against the US Dollar.EUR/USD and GBP/USD are facing an increase in selling pressure.UK’s CPI increased 1.5%, while the Euro Zone CPI climbed 1% in Nov 2019 (YoY).The US Initial Jobless Claims for the week ending Dec 14, 2019 could decline from 252K to 225K. Gold Price Technical Analysis This mont...
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USD/JPY Rallies Above 109.00, EUR/USD & GBP/USD Rising

Key Highlights USD/JPY rallied sharply after testing the 108.40 support.A major bullish trend line is in place with support near 108.45 on the 4-hours chart.The US Initial Jobless Claims for the week ending Dec 07, 2019 increased from 203K to 252K.The US Retail Sales is likely to increase 0.5% in Nov 2019 (MoM), more than the last +0.3%. USD/JPY Technical Analysis Thi...
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Can Gold Price Hold The Ground Above $1,450?

Key Highlights Gold price is trading above the $1,450 and $1,455 support levels against the US Dollar.EUR/USD and GBP/USD remained in the positive zone.The US CPI increased 2.1% in Nov 2019 (YoY), more than the 2.0% forecast.The US Initial Jobless Claims for the week ending Dec 07, 2019 could rise from 203K to 213K. Gold Price Technical Analysis This past week, gold p...
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USD/JPY Could Revisit 109.50 Resistance Zone

Key Highlights USD/JPY remained well supported above the 108.20 region.GBP/USD rallied recently above the 1.3100 and 1.3150 resistance levels.The US Initial Jobless Claims for the week ending Nov 30, 2019 declined from 213K to 203K.The US nonfarm payrolls is likely to increase 180K in Nov 2019, up from the last 128K. USD/JPY Technical Analysis After a major failure ne...
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USD/JPY In Corrective Decrease But Remains Supported

Key Highlights USD/JPY started a downside correction from the 109.50 resistance.There was a break below a contracting triangle with support at 108.90 on the 4-hours chart.The US Initial Jobless claims for the week ending Nov 09, 2019 increased from 211K to 225K.The US Retail Sales is likely to increase 0.2% in Oct 2019 (MoM), better than the last -0.3%. USD/JPY Technical...
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