EUR/USD Consolidating Above Crucial Support Post NFP

Key Highlights The Euro started a downside correction after trading above 1.1500 against the US Dollar. There is a significant support formed near the 1.1420 level on the 4-hours chart of EUR/USD. The US Nonfarm Payrolls in Jan 2019 came in at 304K, much better than the 165K forecast. The US Factory Orders figure for Nov 2018 will be released today, which could in...
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USD/JPY Forms Key Top Ahead of US NFP

Key Highlights The US Dollar failed to break the 110.00 resistance and declined against the Japanese Yen. There is a major bearish trend line formed with resistance near 109.40 on the daily chart of USD/JPY. The US Initial Jobless Claims for the week ending Jan 26, 2019 increased from 200K to 253K. The US Nonfarm Payrolls figure for Jan 2019 will be released today...
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EUR/USD Primed To Retest 1.1500 Resistance

Key Highlights The Euro found support near the 1.1300 level and recovered against the US Dollar. There is a major bullish trend line formed with support at 1.1385 on the 4-hours chart of EUR/USD. The US Nonfarm Payrolls in Dec 2018 increased 312K, more than the 177K forecast. Today in the US, the Factory Orders figure for Nov 2018 will be released, which is foreca...
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USD/JPY Tumbles, Recovery Remains Limited

Key Highlights The US Dollar declined more than 500 pips from the 111.40 high against the Japanese Yen. There is a major bearish trend line formed with resistance at 109.60 on the 4-hours chart of USD/JPY. The US ADP Employment Change in Dec 2018 increased 271K, more than the 178K forecast. Today in the US, the nonfarm payrolls figure for Dec 2018 will be released...
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USD/JPY Facing Uphill Task Ahead of US NFP

Key Highlights The US Dollar declined recently and broke the 113.20 support against the Japanese Yen. There is a key bearish trend line formed with resistance near 113.30 on the 4-hours chart of USD/JPY. The US ADP Employment Change in Nov 2018 declined from 225K (revised) to 179K. Today, the US nonfarm payrolls figure for Nov 2018 will be released, which is forec...
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EUR/USD Facing Uphill Task Near 1.1450

Key Highlights The Euro recovered recently, but it faced a strong resistance near 1.1450 against the US Dollar. There is a crucial bearish trend line in place with resistance at 1.1450 on the 4-hours chart of EUR/USD. The US nonfarm payrolls figure in Oct 2018 increased 250K, more than the 190K forecast. Today, the US ISM Non-Manufacturing Index for Oct 2018 will ...
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USD/JPY Remains Supported Ahead of US NFP

Key Highlights The US Dollar traded higher towards the 113.40 level recently against the Japanese Yen. There was a break above a declining channel with resistance at 112.40 on the 4-hours chart of USD/JPY. The US Initial Jobless Claims for the week ending Oct 27, 2018 declined from 216K to 214K. Today, the US nonfarm payrolls figure for Oct 2018 will be released, ...
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EUR/USD is At Risk of More Losses

Key Highlights The Euro started a downside move and traded below the 1.1550 support against the US Dollar. There is a key bearish trend line in place with resistance at 1.1530 on the 4-hours chart of EUR/USD. The US NFP figure in Sep 2018 came in at 134K, less than the forecast of 185K. Today, the Euro Zone Sentix Investor Confidence for Oct 2018 will be released,...
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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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EUR/USD Approaching Crucial Support Near 1.1515

Key Highlights The Euro formed a short-term top at 1.1733 and declined against the US Dollar. There was a break below a connecting bullish trend line with support at 1.1630 on the 4-hour chart of EUR/USD. The US NFP in August 2018 increased 201K, more than the 191K forecast. Today, the UK GDP for July 2018 will be released, which is forecasted to rise 0.3% (MoM). ...
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