GBP/USD Gaining Strength Above 1.2720

Key Highlights The British Pound broke the key 1.2680 and 1.2720 resistances against the US Dollar. There was a break above a short term bearish trend line at 1.2740 on the 4-hours chart of GBP/USD. The US ISM Non-Manufacturing Index in Dec 2018 declined from 60.7 to 57.6. Today in the US, the Trade Balance figure for Nov 2018 will be released, which is forecasted...
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USD/CHF Recovery Could Be Capped Near 0.9780

Key Highlights The US Dollar found support near 0.9650 and recovered against the Swiss Franc. There is a key bearish trend line in place with resistance at 0.9775 on the 4-hour chart of USD/CHF. The Swiss Consumer Price Index remained flat in August 2018 (MoM). Today, the US Trade Balance figure will be released for July 2018, which is forecasted to post a deficit...
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Crude Oil Price Turned Bearish Below $66.00?

Key Highlights Crude oil price started a fresh downside move and declined below the $66.00 support against the US dollar. There is a major bearish trend line in place with resistance at $65.90 on the 4-hours chart of XTI/USD. The US Services Purchasing Managers Index (PMI) in May 2018 increased to 56.8 from 55.7. Today in the US, the Trade Balance figure for April...
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GBP/USD is Approaching Crucial Resistance

Key Highlights The British Pound started a new upside wave and traded above 1.3800 against the US Dollar. There is a crucial bearish trend line forming with resistance at 1.3980 on the 4-hours chart of GBP/USD. The US Factory orders declined 1.4% in Jan 2018, more than the forecast of -1.3%. The US Trade Balance figure for Jan 2018 will be released today, which is...
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AUDUSD – Aussie Dollar Struggle To Continue Vs US Dollar

Key Highlights The Aussie Dollar remained under pressure with resistance at 0.7550 and 0.7460 against the US Dollar. There is a monster bearish trend line resistance formed at 0.7540-50 on the 4-hours chart of AUDUSD. Today in Australia, the trade balance for March 2017 released by the Australian Bureau of Statistics posted a trade surplus of 3,107M. Today in the ...
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GBPUSD – Post Brexit Impact Continues On British Pound

GBPUSD – Post Brexit Impact Continues On British Pound Key Highlights There was no relief for the British Pound, as it continued to weaken against most major currencies. The GBPUSD pair created a new low this week, and looks set for a test of the 1.2800 handle. Earlier, the British Retail Consortium (BRC) Shop Price Index was released, which came in at -2% in June...
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