USD/JPY In Corrective Decrease But Remains Supported

Key Highlights USD/JPY started a downside correction from the 109.50 resistance.There was a break below a contracting triangle with support at 108.90 on the 4-hours chart.The US Initial Jobless claims for the week ending Nov 09, 2019 increased from 211K to 225K.The US Retail Sales is likely to increase 0.2% in Oct 2019 (MoM), better than the last -0.3%. USD/JPY Technical...
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USD/JPY Facing Key Resistance Near 107.00

Key Highlights The US Dollar is forming a decent support above 105.20 against the Japanese Yen. USD/JPY is facing a strong resistance near 106.75 and a bearish trend line on the 4-hours chart.The US Retail Sales in July 2019 jumped 0.7% (MoM), more than the +0.3% forecast.The US Building Permits in July 2019 might increase 5.6%. USD/JPY Technical Analysis After a stro...
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NZD/USD Could Accelerate Decline Below 0.6540

Key Highlights The New Zealand Dollar is in a strong downtrend below 0.6600 against the US Dollar.A major bearish trend line is forming with resistance at 0.6580 on the 4-hours chart of NZD/USD.The US Retail Sales in April 2019 declined 0.2% (MoM), whereas the forecast was +0.2%.The US Initial Jobless Claims for the week ending May 11, 2019 may slide from 228K to 220K. N...
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Gold Price Turns Positive Above $1,290, Could Test $1,310

Key Highlights Gold price started a fresh increase above $1,285 and $1,290 resistances against the US Dollar.A key bullish trend line is forming with support at $1,290 on the 4-hours chart of XAU/USD.The US Import Price Index advanced 0.2% in April 2019 (MoM), less than the +0.7% forecast.The US Retail Sales in April 2019 could increase 0.2% (MoM), less than the last +1.6%....
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USD/JPY Daily Chart Suggests Pair Approaching Crucial Resistance

Key Highlights The US Dollar settled above the 110.60 and 111.50 resistances against the Japanese Yen.USD/JPY could attempt to surpass a crucial bearish trend line at 112.60 on the daily chart.The US Retail Sales in March 2019 increased 1.6% (MoM), more than the +0.9% forecast.The US Housing Starts in March 2019 could increase 6.5% (MoM), whereas the last was -8.7%. USDJ...
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Gold Price Daily Chart Signaling Bearish Continuation

Key Highlights Gold price topped near the $1,346 level in Feb 2019 and later corrected lower.There is a crucial declining channel formed with resistance at $1,292 on the daily chart of XAU/USD.China’s GDP grew 6.4% in Q1 2019 (YoY), more than the 6.3% forecast.The US Retail Sales in March 2019 could increase 0.9% (MoM), better than the last -0.2%. Gold Price Technical ...
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Gold Price Preparing For Next Crucial Break

Key Highlights Gold price tested the $1,300 support area and later started consolidation against the US Dollar. There is a breakout pattern formed with resistance at $1,314 on the 4-hours chart of XAU/USD. The US CPI posted no change in Jan 2019 (MoM), whereas the market was looking for a 0.1% rise. The US Retail Sales for Dec 2018 will be released today, which co...
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EUR/USD Broke Key Support, More Losses Likely

Key Highlights The Euro failed to surpass the 1.1440 resistance and declined recently against the US Dollar. There was a break below a key bullish trend line with support at 1.1330 on the 4-hours chart of EUR/USD. The US Retail Sales in Nov 2018 increased 0.2% (MoM), similar to the forecast. Today, the Euro Zone CPI for Nov 2018 will be released, which is forecast...
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Crude Oil Price Tumbles Below $60.00

Key Highlights Crude oil price extended losses and traded below the key $60.00 support against the US dollar. There was a break below a crucial declining channel with support at $58.00 on the 4-hours chart of XTI/USD. The US CPI in Oct 2018 increased 0.3% (MoM), similar to the forecast. Today, the US Retail Sales for Oct 2018 will be released, which is forecasted ...
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USD/JPY Is Likely To Continue Higher Above 112.00

Key Highlights The US Dollar recovered nicely after testing the 110.00 support against the Japanese Yen. There are two key bullish trend lines in place with support near 110.80 on the daily chart of USD/JPY. The US Consumer Price Index in August 2018 increased 0.2%, compared with the +0.3% forecast. Today, the US Retail Sales for August 2018 will be released, whic...
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