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Daily Market Roundup — October 15th 2018

The demand for the risk currencies is low at the moment. The EUR/USD pair looks bearish today and the 1.1514 level looks supportive. The resistance levels are 1.1594, 1.1633, and 1.1659. The support levels are 1.1515, 1.1480, and 1.1444. The USD/JPY pair is consolidating and has fallen a bit. The resistance levels are 112.83, 113.56, and 114.18. The support levels are 111.66, 111.43, and 111.31. The GBP/USD opened this week with a gap and is trading below […]

EU Political Issues to Put Everything in its Place

The demand for the US dollar is falling at the moment. Investors await the US retail sales data to be released. This could have an impact on the US dollar. The GBP/USD pair is trading at 1.31. As Brexit negotiations are dominating the headlines at the moment, this is causing uncertainty for the pound. The UK is due to release its macroeconomic data on UK labor market. This could have an influence on the pound. Also, the traders await the report […]

USDX Has Slim Chance to Recover

It looks like the rally in the US dollar is coming to an end. It is because of the inflation data released in the US. Also, the trade tensions between the US and China are limiting the growth of the greenback. The US dollar index is trading at 95.00. The USD/JPY pair is trading at 112.50 level. The Aussie is supported by the macroeconomic data released as it is the main supplier of raw materials to China. The AUD/USD pair is trading […]

Daily Market Roundup — October 11th 2018

The Japanese yen is looking bullish at the moment. The EUR/USD pair has broken out of the downtrend. It is looking bullish. The resistance levels are 1.1594, 1.1633, and 1.1659. The support levels are 1.1515, 1.1480, and 1.1444. The USD/JPY pair broke below the bottom of the descending price channel. The resistance levels are 112.41, 113.56, and 114.18. The support levels are 111.66, 111.43, and 111.31. The GBP/USD pair has broken above the 1.3217 level […]

Shocking Day for Investors

The US stock market is seeing sell-offs at the moment. The US dollar index is trading at 95.40. The Federal Reserve has raised interest rates three times this year and this is now being criticized by Donald Trump. The stock market is China is also seeing a decline. This is causing investors to look for safe haven assets. In spite of the trade war between the US and China, the yen is appreciating. […]

US President Again Targets FOMC

The Federal Reserve is maintaining a hawkish tone at the moment in terms of monetary policy. The comments from the US President, Donald Trump has caused a bearish sentiment for the greenback. A rate hike in the near future looks unlikely. The US dollar index is trading at 95.60. The USD/JPY pair is trading at 113.00. The trade dispute between the US and China is only worsening further due to the new tariffs imposed on Chinese imports. The Aussie is […]

Daily Market Roundup — October 10th 2018

The pound is rallying today and the US dollar is bearish. The EUR/USD pair is going through a consolidation phase. The resistance levels are 1.1539, 1.1566, and 1.1594. The support levels are 1.1444, 1.1400, and 1.1353. The USD/JPY pair is showing a bearish sentiment today. The resistance levels are 113.56, 114.18, and 114.74. The support levels are 112.41, 111.66, and 111.43. The British pound is showing a bullish sentiment today. So, bulls […]

Daily Market Roundup — October 9th 2018

This week begun with the greenback to become bearish and the yen showing signs of strength. A double bottom pattern is formed on the EUR/USD daily chart. The resistance levels are 1.1539, 1.1566, and 1.1594. The support levels are 1.1444, 1.1400, and 1.1353. The USD/JPY pair has broken below the ascending channel. The resistance levels are 113.25, 114.18, and 114.74. The support levels are 112.41, 111.66, and 111.43. The pound is showing signs of strength […]

Why USD Dipping Against JPY in Asian Trade

Due to the currency manipulation by the central bank of China and the trade dispute between the US and China, the greenback is suffering losses. The US dollar index is trading at 95.90. The USD/JPY pair is trading at 112.80. The AUD/USD pair is trading at 0.7070. The Chinese economy is facing a slowdown and this has contributed to the bearish sentiment in the AUD/USD pair. The Federal Reserve is hawkish in its stance in terms of monetary policy. Investors await macroeconomic […]

Daily Market Roundup — October 8th 2018

The EUR/USD pair is in a consolidation with a tendency shown by bulls to take control. Gold is looking bearish too. The resistance levels are 1.1539, 1.1566, and 1.1595. The support levels are 1.1444, 1.14, and 1.1353. The USD/JPY is trading in an ascending channel and is looking bullish at the moment. So, you can find suitable entries on pull back. The resistance levels are 114.18, 114.74, and 115.97. The support levels are 113.13, 112.41, […]

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