USDCHF – Important Trend Line Resistance

USDCHF – Important Trend Line Resistance Key Highlights             US Dollar failed to trade above the 0.9940-50 resistance area and moved lower against the Swiss Franc. There is a major bearish trend line and resistance zone formed on the hourly chart for the USDCHF pair. Today, the US Initial Jobless Claims will be released by the US Department of Lab...
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USDJPY – Signs of Weakness Evident

USDJPY – Signs of Weakness Evident, More Losses Likely? Key Highlights             The US Dollar struggled during the past couple of sessions as the US initial jobless claims data failed to impress the investors. USDJPY pair is currently trading lower after testing the 123.50-60 resistance zone. Japanese Industrial Production report will be released by t...
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USDJPY Might Target Additional Weakness

Key Highlights US Dollar moved lower and likely to weaken further against the Japanese Yen moving ahead. US Initial Jobless Claims released by the US Department of Labor increased from the last revised reading of 273K to 277K. US continuing jobless claims came below the forecast and posted a reading of 2.254M. US Existing Home Sales, released by the National Associati...
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A downward drift for AUDUSD

Key Highlights Australian Dollar after trading towards 0.7800 against the US Dollar failed to maintain gains and looks set for a move lower. In the US, the Challenger Job Cuts was released by Challenger, Grey & Christmas, which posted a reading of 41.034K in May 2015, lower compared with the last reading of 61.582K. US Initial Jobless Claims were also published by t...
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US Jobless Claims Increase Stalled Dollar Gains

Key Highlights US Dollar corrected a bit lower today, as economic releases in the US failed to impress. US Initial Jobless Claims released by the US Department of Labor increased to 274K whereas the market was expecting it to come in at 271K. US Existing Home Sales, released by the National Association of Realtors declined by 3.3% in April 2015, compared with the foreca...
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US Initial Jobless Claims Decrease Failed To Help Dollar

Key Highlights US Dollar continued to trade lower against most major currencies, including the Canadian Dollar. US Initial Jobless Claims released by the US Department of Labor posted a decline from 265K to 264K, compared to the forecast of a rise to 275K. USDCAD traded lower and looks set to break the last swing low of 1.1918. Canadian New Housing Price Index (NHPI) ...
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EURUSD Poised For More Gains

Key Highlights Euro surged higher against the US Dollar to trade above 1.1350 and looks set to challenge 1.14. US Initial Jobless Claims will be released by the US Department of Labor today, which is forecasted to increase from 265K to 275K. New Zealand Retail Sales released by the Statistics New Zealand posted a rise of 2.7% in the first quarter of 2015, compared to th...
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US Dollar Signaling Bullish Continuation

Key Highlights US Dollar continues to impress as it regained bullish bias against the Euro and the Aussie Dollar. US Initial Jobless Claims released by the US Department of Labor posted an increase from 262K to 265K, but was lower compared with the forecast of 280K. US Continuing Jobless Claims decreased by 28,000 to 2.23 million for the week ending April 25. GBPUSD ...
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USD – Housing Starts Report Ignited Bearish Pressure

Key Highlights US dollar was seen under pressure against more major currencies as the US housing starts data missed the forecast. US Housing Starts released by the US Census Bureau, at the Department of Commerce registered a reading of 0.926M in March 2015, compared to the preceding month and the forecast was lined up for 1.040M. US Initial Jobless Claims was also rel...
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