AUD/USD Recovery Reaching Crucial Juncture

Key Highlights The Australian Dollar recovered nicely and moved above 0.7080 against the US Dollar. There was a break above a major bearish trend line at 0.7010 on the 4-hours chart of AUD/USD. Australia’s Building Permits in Nov 2018 declined 9.1% (MoM). The US Initial Jobless Claims for the week ending Jan 05, 2019 will be released today, which is forecasted t...
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USD/JPY Nosedives Below 112.00, US GDP Next

Key Highlights The US Dollar declined heavily and broke the 112.00 support against the Japanese Yen. USD/JPY failed to break the 113.80-114.00 resistance zone and declined sharply. The US Initial Jobless Claims for the week ending Dec 15, 2018 increased from 206K to 214K. Today, the US Gross Domestic Product for Q3 2018 will be released, which is forecasted to gro...
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USD/JPY Approaching Significant Resistance Near 114.00

Key Highlights The US Dollar climbed higher recently and traded above the 113.00 resistance against the Japanese Yen. There was a break above a major bearish trend line with resistance at 113.24 on the 4-hours chart of USD/JPY. The US Initial Jobless Claims for the week ending Dec 08, 2018 declined from 233K (revised) to 206K. Today, the US Retail Sales figure for...
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AUD/USD Holding Key Support and 100 SMA

Key Highlights The Aussie Dollar declined sharply from 0.7337 and traded below 0.7260 against the US Dollar. There is a major bullish trend line in place with support at 0.7220 on the 4-hours chart of AUD/USD. The US Initial Jobless Claims figure for the week ending Nov 17, 2018 increased to 224K. Today, the Euro Zone Consumer Confidence for Nov 2018 (Prelim) will...
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EUR/JPY Approaching Next Crucial Break

Key Highlights The Euro found support near 127.50 and recovered recently against the Japanese Yen. There is a major breakout pattern formed with resistance at 128.85 on the 4-hours chart of EUR/JPY. The US Housing Starts Change came in at +1.5% in Oct 2018, better than the +0.5% forecast. Today, the US Durable Goods Orders for Oct 2018 will be released, which is f...
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USD/JPY Could Continue Higher Towards 114.50

Key Highlights The US Dollar remains in a solid uptrend above the 112.00 support against the Japanese Yen. There is a major bullish trend line in place with support at 112.20 on the daily chart of USD/JPY. The US Initial Jobless Claims for the week ending Nov 03, 2018 declined from the last revised reading of 215K to 214K. Today, the US Producer Price Index for Oc...
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USD/JPY Recovery Faces Significant Resistance Near 113.00

Key Highlights The US Dollar found support near 111.65 and recovered nicely against the Japanese Yen. There was a break above a crucial bearish trend line with resistance at 112.20 on the 4-hours chart of USD/JPY. The US Initial Jobless Claims figure for the week ending Oct 13, 2018 declined from the last revised reading of 215K to 210K. Today, the US Existing Hom...
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USD/JPY Remains in Solid Uptrend Ahead of NFP

Key Highlights The US Dollar remained in a consistent uptrend from the 111.80 support against the Japanese Yen. There is a major bullish trend line formed with support at 113.60 on the 4-hours chart of USD/JPY. The US Initial Jobless Claims for the week ending Sep 29, 2018 declined from 215K to 207K. Today, the US NFP figure for Sep 2018 will be released, which is...
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AUD/USD Facing Significant Resistance Near 0.7350

Key Highlights The Australian Dollar was recently rejected near the 0.7350-60 resistance against the US Dollar. There is a crucial bearish trend line formed with resistance at 0.7335 on the 4-hour chart of AUD/USD. The US GDP in Q2 2018 (Prelim) grew 4.2%, more than the forecast of 4.0%. Today, the US Personal Income for July 2018 will be released, which is foreca...
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USD/JPY Likely To Recover Further Towards 111.50/80

Key Highlights The US Dollar found support near the 109.80 support against the Japanese Yen. There was a break below a major bullish trend line with support at 111.10 on the daily chart of USD/JPY. The US Initial Jobless Claims for the week ending August 18, 2018 declined from 212K to 210K. Today, the US Durable Goods Orders for July 2018 will be released, which i...
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