USD/JPY Could Decline Further Below 109.50

Key Highlights The US Dollar failed to break 110.65 and declined recently against the Japanese Yen. A crucial bearish trend line is active with resistance at 110.50 on the 4-hours chart of USD/JPY.The US Initial Jobless Claims for the week ending May 18, 2019 declined from 212K to 211K.The US Durable Goods in April 2019 might decline 2%, down from the last +2.8%. USDJPY ...
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USD/JPY Starts Fresh Rebound, Could Test 110.40

Key Highlights The US Dollar found support near 109.02 after a strong decline against the Japanese Yen.USD/JPY recovered after it traded above a contracting triangle with resistance at 109.58 on the 4-hours chart.The US Initial Jobless Claims for the week ending May 11, 2019 declined from 228K to 212K.The Michigan Consumer Sentiment Index in May 2019 (Prelim) could rise fro...
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NZD/USD Could Accelerate Decline Below 0.6540

Key Highlights The New Zealand Dollar is in a strong downtrend below 0.6600 against the US Dollar.A major bearish trend line is forming with resistance at 0.6580 on the 4-hours chart of NZD/USD.The US Retail Sales in April 2019 declined 0.2% (MoM), whereas the forecast was +0.2%.The US Initial Jobless Claims for the week ending May 11, 2019 may slide from 228K to 220K. N...
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USD/JPY Range Bound Below Key 112.00 Resistance

Key Highlights The US Dollar failed to hold gains above 112.20 and declined recently against the Japanese Yen.A crucial bearish trend line in place with resistance near 111.85 on the 4-hours chart of USD/JPY.The US Initial Jobless Claims in the week ending April 27, 2019 were unchanged from 230K.The US nonfarm payrolls in April 2019 could decline from 196K to 185K. USDJP...
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EUR/GBP Remains Supported On Dips Above 0.8600

Key Highlights The Euro struggled to break the 0.8680 resistance against the British Pound.EUR/GBP recently traded below a bullish trend line at 0.8660 on the 4-hours chart.The German IFO Business Climate Index declined to 99.2 in April 2019 from 99.6.The US Durable Goods Orders in March 2019 could increase 0.8%, whereas the last was -1.6%. EURGBP Technical Analysis T...
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Gold Price Daily Chart Signaling Bearish Continuation

Key Highlights Gold price topped near the $1,346 level in Feb 2019 and later corrected lower.There is a crucial declining channel formed with resistance at $1,292 on the daily chart of XAU/USD.China’s GDP grew 6.4% in Q1 2019 (YoY), more than the 6.3% forecast.The US Retail Sales in March 2019 could increase 0.9% (MoM), better than the last -0.2%. Gold Price Technical ...
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USD/JPY Testing Crucial Resistance Near 112.00

Key Highlights The US Dollar corrected lower this week and recently rebounded above 111.50 against the Japanese Yen.A major bullish trend line is formed with support at 111.10 on the 4-hours chart of USD/JPY.The US Initial Jobless Claims for the week ending April 06, 2019 declined to 196K.The Michigan Consumer Sentiment Index in April 2019 (Prelim) might drop from 98.4 to 9...
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Crude Oil Price Rallies To New 2019 High

Key Highlights Crude oil price started a strong rise and traded to a new 2019 high above $64.00 against the US dollar.There was a break above a bullish flag pattern with resistance at $62.40 on the 4-hours chart of XTI/USD.The US CPI in March 2019 increased 0.4% (MoM), more than the +0.3% forecast.The US PPI in March 2019 could rise 0.3% (MoM), less than the last +0.1%. ...
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USD/CHF Remains At Risk Of More Downsides

Key Highlights The US Dollar recently failed to break the key 1.0000 resistance against the Swiss Franc.A crucial resistance is formed near 0.9990 on the 4-hours chart of USD/CHF.The US ISM Non-Manufacturing Index declined from 59.7 to 56.1 in March 2019.The US Initial Jobless Claims for the week ending March 30, 2019 could rise from 211K to 216K. USDCHF Technical Analys...
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USD/JPY Could Struggle Near 111.00 Resistance

Key Highlights The US Dollar found support near 109.70 and recently rebounded higher against the Japanese Yen. A crucial resistance is formed near the 111.00 zone on the 4-hours chart of USD/JPY. The US Initial Jobless Claims for the week ending March 23, 2019 declined from 216K to 211K. The US Personal Income for Feb 2019 is likely to increase 0.3% (MoM). USDJ...
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