Gold Price Could Extend Rally Above $1,300

Key Highlights Gold price gained traction in the past few days and broke the $1,285 resistance against the US Dollar. There is a crucial bullish trend line formed with support at $1,288 on the 4-hours chart of XAU/USD. The US PPI in Dec 2018 declined 0.2% (MoM), more than the -0.1% forecast. The UK CPI report for Dec 2018 will be released today, which could rise 2...
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GBP/USD Could Test 1.3000 In Near Term

Key Highlights The British Pound gained momentum recently and broke the 1.2900 resistance against the US Dollar. There are two bullish trend lines formed with support at 1.2780 on the 4-hours chart of GBP/USD. China’s Trade Balance in Dec 2018 posted a surplus of $57.06B, more than the $51.53B forecast. The US Producer Price Index for Dec 2018 will be released t...
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USD/JPY Could Continue Higher Towards 114.50

Key Highlights The US Dollar remains in a solid uptrend above the 112.00 support against the Japanese Yen. There is a major bullish trend line in place with support at 112.20 on the daily chart of USD/JPY. The US Initial Jobless Claims for the week ending Nov 03, 2018 declined from the last revised reading of 215K to 214K. Today, the US Producer Price Index for Oc...
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NZD/USD Recovery Faces Resistance Near 0.6570

Key Highlights The New Zealand Dollar declined recently and traded towards 0.6500 against the US Dollar. There is a major bearish trend line formed with resistance at 0.6560 on the 4-hour chart of NZD/USD. The US Producer Price Index in August 2018 declined 0.1%, compared with the +0.2% forecast. Today, the US Consumer Price Index for August 2018 will be released,...
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Gold Price Facing Major Resistance Near $1,265

Key Highlights Gold price corrected higher, but it failed to break the $1,265 resistance against the US Dollar. There is a key bearish trend line formed with resistance near $1,264 on the 4-hours chart of XAU/USD. The US PPI in June 2018 increased 0.3% (MoM), more than the forecast of +0.2%. Today in the US, the CPI figure for June 2018 will be released, which is ...
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Can AUD/USD Recover Further Above 0.7500?

Key Highlights The Aussie Dollar recovered after forming a decent support near 0.7300-0.7310 against the US Dollar. There was a break above a major bearish trend line with resistance at 0.7395 on the 4-hours chart of AUD/USD. Australia’s Home Loans figure in May 2018 increased 1.1%, compared with the forecast of -1.9%. Today in the US, the PPI figure for June 20...
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NZD/USD Accelerating Declines Below 0.7000

Key Highlights The New Zealand Dollar declined sharply and moved below the 0.7000 support against the US Dollar. There is a major bearish trend line forming with resistance at 0.7020 on the 4-hour chart of NZD/USD. The pair may decline further towards the 0.6900 support in the near term. Today, the US Producer Price Index for April 2018 will be released, which is ...
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Gold Price Remains Supported Above $1,328

Key Highlights Gold price found support near the $1,320 level and recovered recently against the US Dollar. There are two bullish trend lines forming with support near $1,328 on the 4-hours chart of XAU/USD. The US PPI in March 2018 posted a rise of 3% (YoY), more than the forecast of 2.9%. Today, the US CPI report for March 2018 will be released, which is forecas...
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NZD/USD – Why 0.7320 is Significant for Kiwi Dollar?

Key Highlights The New Zealand Dollar is trading with a positive bias, but faces a major resistance near 0.7320 against the US Dollar. There are two bearish trend lines with resistance near 0.7320 formed on the 4-hours chart of NZD/USD. New Zealand Food Price Index in August 2017 rose 0.6%, compared with the last -0.2%. The US Producer Price Index for August 2017 ...
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GBPUSD Clears And Settles Below A Pivot Area 1.50 level

Key Highlights British pound dived against the US dollar and traded below the all-important 1.50 level. 4850 is a short-term support area in GBPUSD and on the upside 1.4950-60 is a barrier. In the US, the Producer Price Index will be released by the Bureau of Labor statistics, Department of Labor and expected to increase by 0.3%. Canadian employment report will be pub...
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