USD/JPY – US Dollar Awaits NFP Report for Next Move Vs Japanese Yen

Key Highlights The US Dollar remains in a downtrend against the Japanese Yen with a close below 111.00. There is a major descending channel with resistance near 110.40 forming on the 4-hours chart of USD/JPY. The US Factory orders figure for June 2017 was recently released, which posted an increase of 3% (MoM). Today, the US Nonfarm payrolls figure for July 2017 w...
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EUR/USD – Euro Remains Supported at 1.1350 Vs US Dollar

Key Highlights The Euro traded higher this past week and settled above the 1.1350 resistance versus the US Dollar. There is a connecting bullish trend line with support at 1.1340 forming on the 4-hours chart of EUR/USD. The US nonfarm payrolls for June 2017 released this past Friday posted a solid increase of 222K. Today in the Euro Zone, the German Trade Balance ...
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USD/JPY – Dollar Awaits NFP Report To Make Next Move Vs Yen

Key Highlights The US Dollar remains in a major bull trend above 112.80 against the Japanese Yen. There are a few major bullish trend lines with supports as 113.10, 112.80 and 112.20 forming on the 4-hours chart of USD/JPY. Recently in the US, the ADP Employment Change for June 2017 posted 158K, less than the forecast of 185K. Today in the US, the nonfarm payrolls...
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Gold Price at Risk vs Dollar Ahead of US NFP Report

Key Highlights Gold price slowly moved higher and traded above the $1270 resistance against the US Dollar before starting a correction. There is a nice ascending channel with support at $1260 formed on the 4-hours chart of XAU/USD. Recently, the US ADP Employment Change for May 2017 released by the Automatic Data Processing, Inc. posted a solid increase of 253K. G...
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EURUSD – Can Euro Recover Vs US Dollar Above 1.0650?

Key Highlights The Euro failed to hold gains this past week against the US Dollar and moved below 1.0650. There is a crucial resistance near 1.0850, which held the upside move in EURUSD. This past week’s nonfarm payrolls release in the US for March 2017 by the US Department of Labor posted 98K, which was less than the forecast of 180K. The US unemployment rate d...
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GBPUSD – 1.24000 Holds Key For Pound To Dollar With NFP Ahead

Key Highlights The British Pound failure to remain above 1.2600 against the US Dollar ignited a downside move. There is an important bullish trend line with support at 1.2420 formed on the 4-hour chart of GBPUSD. Today, the US nonfarm payrolls for March 2017 will be released by the US Department of Labor, which is forecasted to post an increase of 180K. Today, the...
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USDCAD – US Dollar Awaits NFP & Canadian Employment Change

Key Highlights The US Dollar formed a solid uptrend against the Canadian dollar and moved above 1.3400. There was a successful close above the 100-day simple moving average in USDCAD at 1.3280, which is a positive sign. Today, the US nonfarm payrolls figure for Feb 2017 will be released by the US Department of Labor, which is forecasted to register 190K, versus 227K ...
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What’s Gold Price Next Hurdle Ahead of US NFP?

Key Highlights Gold price recovered well recently and moved above the $1200 level against the US Dollar. The next possible barrier for buyers is at $1230, and the 100-day simple moving average. There is also a monster bearish trend line with resistance at $1280 on the daily chart of Gold price vs USD. The US nonfarm payrolls will be released by the US Department o...
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GBPUSD – British Pound Attempts To Gain Momentum; US NFP Next

Key Highlights The British Pound recently traded higher against the US Dollar, and managed to break the 1.2350 resistance. There was a bearish trend line on the 4-hours chart of GBPUSD, which was acting as a resistance near 1.2350-60 and was cleared. Today in the US, the nonfarm payrolls figure will released by the US Department of Labor, which is forecasted to post ...
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EURUSD – Euro At Risk of Further Declines Vs Dollar

EURUSD – Euro At Risk of Further Declines Vs Dollar Key Highlights The Euro declined this past week against the US Dollar due to a strong NFP figure in the US. There was a crucial bullish trend line formed on the hourly chart of EURUSD, which was broken at 1.0600 for more downsides. The US nonfarm payrolls released by the US Department of Labor this past Friday po...
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