USD/CAD – US Dollar Struggling To Settle Above 1.2800

Key Highlights The US Dollar recently failed to hold gains above 1.2800 versus the Canadian Dollar and started a downside move. There is a crucial bearish trend line forming with resistance at 1.2775 on the 4-hours chart of USD/CAD. Canada’s Housing Starts in Oct 2017 were 222.771 better than the forecast of 210.0K. Today, the US Initial Jobless Claims for the w...
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GBP/USD – British Pound Primed for Lift-off; Eyes BOE’s Decision

Key Highlights The British Pound started a nice uptrend from well below 1.3100 against the US Dollar. The GBP/USD pair surged higher recently and broke two important bearish trend lines at 1.3250 on the 4-hours chart. UK’s Manufacturing PMI in Oct 2017 rose from the last reading of 55.9 to 56.3. Today, the BOE’s interest rate decision is scheduled and the cent...
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USD/JPY – Dollar Remains Supported Vs Yen Ahead of US GDP

Key Highlights The US Dollar is placed nicely above the 113.20 support area against the Japanese Yen. There is a crucial bullish trend line forming with support at 113.50 on the 4-hours chart of USD/JPY. The US Initial Jobless Claims for the week ending Oct 21, 2017 posted a rise from the last revised reading of 223K to 233K. Japan’s National Consumer Price Inde...
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USD/CHF – US Dollar In Monstrous Uptrend Vs Swiss Franc

Key Highlights The US Dollar climbed higher this week and moved above 0.9840 against the Swiss Franc. There is a short-term bullish trend line forming with support at 0.9880 on the 4-hours chart of USD/CHF. The US New Home Sales in Sep 2017 increased by 18.9% (MoM), better than the forecast of -0.9%. Today, the US Pending Home Sales for Sep 2017 will be released, ...
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USD/JPY – US Dollar Eyeing Upside Break Vs Japanese Yen

Key Highlights The US Dollar is trading higher and approaching a major resistance at 113.40 against the Japanese Yen. There are two bullish trend lines formed with support at 112.70 and 111.80 on the 4-hours chart of USD/JPY. The US Initial Jobless Claims for the week ending Oct 14, 2017 posted a decline from the last revised reading of 244K to 222K. Today in Cana...
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NZD/USD – New Zealand Dollar Trend Overwhelmingly Negative

Key Highlights The New Zealand Dollar corrected towards 0.7200 against the US Dollar where it found sellers. A connecting bearish trend line with current resistance at 0.7160 on the 4-hours chart of NZD/USD is preventing an upside break. The US Building Permits in Sep 2017 posted a 4.5% decline, compared with the -2.9% forecast. Today in the US, the Initial Jobles...
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USD/JPY – US Dollar Back In Bearish Zone Vs Japanese Yen

Key Highlights The US Dollar after struggling to move above 113.40 against the Japanese Yen started a downside move. There was a break below a major bullish trend line at 112.50 on the 4-hours chart of USD/JPY. The US Initial Jobless Claims for the week ending Oct 7, 2017 posted a decline from 258K (revised) to 243K. Today in the US, the CPI figure for Sep 2017 wi...
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AUD/USD – Aussie Dollar Breaks Key Resistance Vs US Dollar

Key Highlights The Aussie Dollar after forming a bottom, traded higher and broke a major resistance at 0.7800 against the US Dollar. There was a break above a crucial bearish trend line at 0.7800 on the 4-hours chart of AUD/USD. Australia’s Home Loans in August 2017 increased 1%, more than the forecast of +0.5%. Today in the US, the Initial Jobless Claims (Oct 7...
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Gold Price Remains In Bearish Trend Vs US Dollar

Key Highlights Gold price is under a lot of pressure and recently broke the $1290 support against the US Dollar. There are two bearish trend lines forming with resistance at $1278 and $1286 on the 4-hours chart. The US ADP Employment Change in Sep 2017 was 135K, less than the last revised 228K Today, the US Initial Jobless Claims figure will be released, which is ...
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USD/JPY – Can US Dollar Remain In Uptrend Vs Japanese Yen?

Key Highlights The US Dollar traded higher this week and moved above 111.50 against the Japanese Yen. There is a crucial ascending channel forming with support at 111.70 on the 4-hours chart of USD/JPY. US Initial Jobless Claims for the week ending 16th Sep 2017 decreased from the last revised reading of 282K to 259K. The US Manufacturing PMI preliminary reading (...
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