Gold Price Remains Well Supported For More Gains

Key Highlights Gold price seems to be facing resistance near $1,550 and $1,555 against the US Dollar.A crucial bullish trend line is forming with support at $1,530 on the 4-hours chart of XAU/USD.EUR/USD recovered above 1.1000 and GBP/USD surged more than 150 pips recently.The US ADP Employment could change 148K in August 2019, less than the last 156K. Gold Price Technic...
Read More

USD/JPY Breakdown Looks Like The Real Deal

Key Highlights The US Dollar declined heavily after it broke the 108.60 support against the Japanese Yen. A short term bearish trend line is forming with resistance near 106.40 on the 4-hours chart of USD/JPY.The US Initial Jobless Claims in the week ending August 03, 2019 declined from 217K to 209K.The US PPI in July 2019 might increase 0.2% (MoM), more than the last +0.1%...
Read More

NZD/USD Nosedives Below 0.6500 Post RBNZ Rate Cut

Key Highlights The New Zealand Dollar declined heavily below the 0.6500 support against the US Dollar. Two bearish trend lines are forming with resistance near 0.6535 on the 4-hours chart of NZD/USD.The Reserve Bank of New Zealand reduced the official cash rate (OCR) from 1.5% to 1.0%.The US Initial Jobless Claims for the week ending August 03, 2019 might remain stable at 2...
Read More

USD/JPY Eyeing More Upsides Above 109.00

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...
Read More

USD/JPY Could Retest 107.00 Before Fresh Increase

Key Highlights The US Dollar struggled near 109.00 and declined below 108.00 against the Japanese Yen. USD/JPY traded below a major bullish trend line with support at 108.05 on the 4-hours.The US Initial Jobless Claims for the week ending July 13, 2019 increased from 208K to 216K.The Michigan Consumer Sentiment Index in July 2019 (Prelim) might increase from 98.2 to 98.5. ...
Read More

Crude Oil Price Correcting Gains But Remains Supported

Key Highlights Crude oil price struggled two times to clear the $60.85 resistance against the US dollar.There was a break below a major bullish trend line at $58.70 on the 4-hours chart of XTI/USD.Canada’s CPI declined 0.2% in June 2019 (MoM), similar to the forecast.The US Initial Jobless Claims for the week ending July 13, 2019 might increase from 209K to 216K. Crude...
Read More

USD/CHF Recovery Could Extend Towards Parity

Key Highlights The US Dollar started a strong recovery from the 0.9696 low against the Swiss Franc. USD/CHF traded above a bearish trend line with resistance near 0.9790 on the 4-hours chart.The ISM-NY Business Conditions Index in June 2019 increased from 48.6 to 50.0.The US ADP Employment figure could change 140K in June 2019, up from the last 27K. USDCHF Technical Anal...
Read More

USD/JPY Struggling To Regain Ground Post Dovish Fed

Key Highlights Recently, the Fed signaled possible interest rate cuts in 2019, putting pressure on the US Dollar. USD/JPY settled below 108.50 and even broke the 108.00 support area.The US Initial Jobless Claims for the week ending June 15, 2019 declined from 222K to 216K.The US Manufacturing PMI in June 2019 (Preliminary) could slide from 50.5 to 50.4. USDJPY Technical ...
Read More

USD/JPY Likely To Face Resistance Near 109.00

Key Highlights The US Dollar found support near 107.80 and recovered recently against the Japanese Yen. A key bearish trend line is forming with resistance near 108.85 on the 4-hours chart of USD/JPY.The US Initial Jobless Claims for the week ending June 08, 2019 increased from 219K to 222K.The US Retail Sales in May 2019 could increase 0.6% (MoM), better than the last -0.2...
Read More

AUD/USD Nosedives After Employment Report

Key Highlights The Aussie Dollar declined sharply below the 0.6980 support level against the US Dollar. AUD/USD traded below a major bullish trend line with support at 0.6955 on the 4-hours chart.Australia’s unemployment rate remained at 5.2% in May 2019, whereas the market was looking for a drop to 5.1%.The US Initial Jobless Claims for the week ending June 08, 2019 coul...
Read More

12...10...»