11 July, 2019 by Aayush Jindal in Market Analysis
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...
28 August, 2018 by Aayush Jindal in Market Analysis
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...
10 November, 2017 by Aayush Jindal in Market Analysis
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...
09 December, 2016 by Aayush Jindal in Fundamental Analysis, Gold, Market Analysis, Technical Analysis
Gold Price Daily Chart Suggest Support Formation
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...