AUDUSD Is In Clear Uptrend?

AUDUSD Is In Clear Uptrend, More Upsides Ahead? Key Highlights             AUDUSD pair had a decent upside run this week, as the pair gained bids and traded higher. The pair settled above an important resistance area on the 4-hours chart, suggesting that it is in an uptrend. More gains are likely in the near term if buyers remain in action. Australian Co...
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NFP Day – USDJPY Trading Near Important Support

Key Highlights US Dollar traded higher Intraday against the Japanese Yen, but it looks like the uptrend is at risk. There are a couple of bullish trend lines formed on the hourly chart, which if breached might ignite losses in USDJPY. US nonfarm payrolls will be released by the US Department of Labor, which is forecasted to post an increase of 180K jobs in October 2015....
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USDCHF Eyes US CPI for a Break

Key Highlights US Dollar surged higher against the Swiss franc after dipping close to the 0.9660 support area. USDCHF pair is trading near an important bearish trend line on the hourly chart, acting as a resistance. US Consumer Price Index will be released by the US Bureau of Labor Statistics with the market forecast lined up for an increase of 0.2% in August 2015, comp...
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Can GOLD Gain Traction despite Greece Exit Fears?

Key Highlights GOLD continued to fall this week and followed a nice downtrend despite Greece exit fears. HSBC China Services PMI™, released by Markit Economics posted a decline from the last reading of 53.5 to 51.8 in June 2015. In Australia, the Retail Sales released by the Australian Bureau of Statistics registered an increase of 0.3% in May 2015, compared with the ...
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USDCAD Sellers Await Canadian CPI Report Under Pressure

Key Highlights US Dollar is under pressure against currencies such as the Euro and the British Pound, but remained stable against the Canadian Dollar. Canadian Consumer Price Index (CPI) will be released by the Statistics Canada today, which is expected to increase by 0.5% in May 2015. Canadian Retail Sales report will also be published, and the forecast is of a 0.7% in...
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US Jobless Claims Increase Stalled Dollar Gains

Key Highlights US Dollar corrected a bit lower today, as economic releases in the US failed to impress. US Initial Jobless Claims released by the US Department of Labor increased to 274K whereas the market was expecting it to come in at 271K. US Existing Home Sales, released by the National Association of Realtors declined by 3.3% in April 2015, compared with the foreca...
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A Downward Drift for NZDUSD

Key Highlights US Dollar failed to gain buyers after the FOMC meeting minutes, and currently looks like positioning for a correction. NZDUSD managed to find support around 0.7280, and currently testing an important resistance area. New Zealand Visitor Arrivals released by the Statistics New Zealand posted an increase of 6.1% in April 2015, compared to the previous rise ...
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US Initial Jobless Claims Decrease Failed To Help Dollar

Key Highlights US Dollar continued to trade lower against most major currencies, including the Canadian Dollar. US Initial Jobless Claims released by the US Department of Labor posted a decline from 265K to 264K, compared to the forecast of a rise to 275K. USDCAD traded lower and looks set to break the last swing low of 1.1918. Canadian New Housing Price Index (NHPI) ...
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AUDJPY – Australian Dollar Poised for Continued Strength

Key Highlights Australian Dollar enjoyed decent gains against the Japanese Yen, as the Australian Home Loans report exceeded the market expectation. Australian Home Loans released by the Australian Bureau of Statistics posted an increase of 1.6% in April 2015, compared to the forecast of a 1% rise. AUDJPY managed to settle above an important resistance area and looks se...
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USDCHF – Could finally be Start of US Dollar Weakness?

Key Highlights US Dollar weakened a lot against a few major currencies, including the Swiss franc as US Services PMI came below the forecast. US Services Purchasing Managers Index (PMI) released by Markit Economics declined from 57.8 to 57.4 in April 2015. US ISM Non-Manufacturing Index released by the Institute for Supply Management (ISM) managed to post a rise from 56...
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