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. ...
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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...
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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...
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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 ...
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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...
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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...
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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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