USD/CHF Correcting Lower Before Fresh Increase

Key Highlights The US Dollar struggled to break the 0.9950 resistance against the Swiss Franc. There are many important supports for USD/CHF near 0.9860 and 0.9840.The US Wholesale Inventories increased 0.4% in May 2019, similar to the forecast.The US CPI in June 2019 might rise 0.2% (MoM), more than the last +0.1%. USDCHF Technical Analysis After a successful close a...
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GBP/USD is Eyeing Upside Break above 1.2950

Key Highlights The British Pound made a nice upside move and traded above 1.2800 resistance against the US Dollar. There is a key bearish trend line in place with resistance at 1.2900-1.2920 on the 4-hour chart of GBP/USD. The US Dallas Fed Manufacturing Business Index in August 2018 declined from 32.3 to 30.9. Today, the US Wholesale Inventories for July 2018 (pr...
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USD/JPY – US Dollar Turning Bearish Vs Japanese Yen

Key Highlights The US Dollar failed to settle above 114.50-115.00 levels against the Japanese Yen and moved down. It seems like the USD/JPY broke a major triangle support at 113.85 on the 4-hours chart. The US Wholesale Inventories in Sep 2017 increased 0.3%, just as the market expected. Today, the Michigan Consumer Sentiment Index (Prelim) for Nov 2017 will be re...
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Gold Price Daily Chart Suggest Support Formation

Gold Price Daily Chart Suggest Support Formation Key Highlights There was a solid decline in Gold price against the US Dollar, taking it below the $1200 support area. The price recently traded a few points below the $1160 level before starting a consolidation. Today in China, the Consumer Price Index released by the National Bureau of Statistics of China posted a ri...
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