EUR/USD Recovery Facing Many Key Hurdles

Key Highlights The Euro started an upside correction from the 1.1027 swing low against the US Dollar. A major bearish trend line is forming with resistance near 1.1135 on the 4-hours chart of EUR/USD.The US nonfarm payrolls in July came in at 164K, down from the last revised 193K.The US ISM Non-Manufacturing Index in July 2019 could increase from 55.1 to 55.5. EURUSD Tec...
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USD/JPY Nosedives Below 107.50, US NFP Next

Key Highlights The US Dollar retreated sharply from the 2-month high at 109.31 against the Japanese Yen. Recently, USD/JPY traded below a major bullish trend line with support near 108.75 on the 4-hours chart.The US ISM Manufacturing Index in July 2019 declined from 51.7 to 51.2.The US nonfarm payrolls in July 2019 could increase 164K, less than the last 224K. USDJPY Tec...
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EUR/USD Starts Fresh Decrease Towards 1.1150

Key Highlights The Euro failed to hold the 1.1280 support and recently declined against the US Dollar. EUR/USD traded below a key bullish trend line with support at 1.1280 on the 4-hours chart.The US nonfarm payrolls in June 2019 increased 224K, more than the 160K forecast.Germany’s Industrial Production in May 2019 (MoM) could slide 0.4%, less than the last -1.9%. EUR...
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USD/JPY Remains At Risk of Further Declines

Key Highlights The US Dollar failed to surpass the 108.50 resistance against the Japanese Yen. A crucial bearish trend line is forming with resistance near 108.40 on the 4-hours chart.The Euro Area Retail Sales declined 0.3% in May 2019 (MoM), whereas the forecast was +0.3%.The US nonfarm payrolls in June 2019 could change 160K, more than the last 75K. USDJPY Technical A...
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USD/JPY Remains In Downtrend Below 109.00

Key Highlights The US Dollar declined heavily and settled below the key 109.00 support against the Japanese Yen. If USD/JPY corrects higher, it is likely to face a strong resistance near 108.80 and 109.00.The US Initial Jobless Claims for the week ending June 01, 2019 remained stable at 218K.The US nonfarm payrolls in May 2019 could rise 185K, less than the last 263K. US...
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EUR/USD Consolidating Gains above 1.2400, Dollar Advances Post NFP

Key Highlights The Euro seems to be struggling to move above 1.2500 against the US Dollar. There is a major bullish trend line forming with support at 1.2400 on the 4-hours chart of EUR/USD. The US nonfarm payrolls increased 200K in Jan 2018, more than the forecast of 180K. Today, the Euro Zone Services PMI for Jan 2018 will be released, which is forecasted to rem...
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USD/JPY Faces an Uphill Task, Focus Turns to US NFP

Key Highlights The US Dollar found support after trading as low as 108.28 against the Japanese Yen. There is a major bearish trend line forming with resistance at 110.30 on the 4-hours chart of USD/JPY. The US Initial Jobless Claims for the week ending Jan 27, 2018 declined from 231K to 230K. Today’s US NFP release could impact USD/JPY and the next move in the n...
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USD/JPY Remains Bullish Ahead of US NFP Report

Key Highlights The US Dollar made a good comeback from the 110.80 support against the Japanese Yen. The USD/JPY pair is now forming a decent uptrend and is following a bullish trend line with support at 112.40 on the 4-hours chart. The US initial jobless claims for the week ending Dec 2, 2017 declined from 238K to 236K. Today’s US Nonfarm payrolls release for No...
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EUR/USD – Euro in Slow and Steady Downtrend Vs US Dollar

Key Highlights The Euro failed to recover this past week near 1.1680 against the US Dollar and declined. There was a break below an ascending channel with support at 1.1630 on the 4-hours chart of EUR/USD. This past Friday, the US nonfarm payrolls number for Oct 2017 was released, which posted 261K versus the 310K forecast. Today, the Euro Zone’s Services PMI fo...
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USD/JPY – Dollar In Steady Uptrend Vs Japanese Yen Ahead of NFP

Key Highlights The US Dollar remained elevated above the 113.50 pivot against the Japanese Yen. There is a crucial bullish trend line in place with support at 113.60 on the 4-hours chart of USD/JPY. The US Non-farm Productivity in Q3 2017 (Preliminary) rose 3%, compared with the +2.4% forecast. Today, the US nonfarm payrolls report for Oct 2017 will be released, w...
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