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Daily Market News — July 2nd 2019

Precious metals like gold are looking bullish. The pound looks bearish at the moment. The EUR/USD pair is looking bearish and is facing resistance at 1.1370. The resistance levels are 1.1317, 1.1359, and 1.1477. The support levels are 1.1271, 1.1206, and 1.1161. The USD/JPY pair has found support at 108.14, but unable to rise further. The resistance levels are 108.75, 109.07, and 109.43. The support levels are 108.14, 107.94, and 107.50. The GBP/USD […]

Daily Market News — July 1st 2019

The US stock market and the greenback are looking strong. Precious metals like gold and the commodity currencies look bearish. The EUR/USD pair looks likely to reverse to the downside from the resistance at 1.1345. The resistance levels are 1.1345, 1.1477, and 1.1540. The support levels are 1.1312, 1.1271, and 1.1540. The USD/JPY pair has opened the week gapping higher and has broken above the resistance at 108.60, which could act as support now. The resistance levels […]

Daily Market News — June 27th 2019

The commodity currencies and the greenback are looking strong. The safe haven currencies like the franc and the yen are looking bearish. The EURUSD pair is looking bearish and is facing resistance from 1.14. It looks likely to test 1.1311 below. The resistance levels are 1.1477, 1.1540, and 1.1572. The support levels are 1.1312, 1.1271, and 1.206. The USD/JPY pair is rising and looks likely to test the 107.90 level for resistance. The resistance levels […]

Daily Market News — June 26th 2019

The greenback is now in a recovery phase and is gaining strength against the yen and gold. The EUR/USD pair looks slightly bearish as it faces resistance at 1.14. The resistance levels are 1.1375, 1.1477, and 1.1540. The support levels are 1.1312, 1.1271, and 1.1206. The USD/JPY pair is showing signs of recovery, but faces strong resistance at 107.00. The resistance levels are 107.90, 108.18, and 108.75. The support levels are 107.11, 106.02, and 103.80. […]

Daily Market News — June 25th 2019

In commodities, gold is looking bullish. Also, the safe haven currencies such as the yen and the franc are looking strong. The greenback remains bearish, caused by the dovish FOMC statement by the Fed from last week. The EUR/USD pair is looking bullish at the moment and has made a new 3-month highs. The resistance levels are 1.1477, 1.1540, and 1.1572. The support levels are 1.1375, 1.1312, and 1.1271. The USD/JPY pair is looking bearish and has […]

Daily Market News — June 24th 2019

In commodities, gold is looking bullish. The euro is also looking bullish. The greenback is bearish at the moment due to the dovish FOMC statement by the Fed last week. The EUR/USD pair is looking bullish at the moment and has reached a 3-month high. The resistance levels are 1.1397, 1.1477, and 1.1540. The support levels are 1.1312, 1.1271, and 1.1206. The USD/JPY pair is looking bearish, but the bearish momentum has slowed down at the moment, […]

Daily Market News — June 20th 2019

In commodities, gold is looking bullish. The pound and the yen are also looking strong. The FOMC statement released by the Fed yesterday was dovish and the greenback weakened. The EUR/USD pair has found support at 1.1251 and is looking bullish at the moment. The resistance levels are 1.1265, 1.1304, and 1.1397. The support levels are 1.1251, 1.1207, and 1.1181. The USD/JPY pair looks bearish due to the dovish FOMC statement released yesterday and tensions between the US […]

Daily Market News — June 19th 2019

In commodities, gold is looking bullish. The greenback, Australian dollar, and the British pound are also looking bearish. The EUIR/USD pair is looking bearish and is facing resistance at 1.1205. The resistance levels are 1.1205, 1.1251, and 1.1304. The support levels are 1.1161, 1.1030, and 1.0991. The USD/JPY pair is trading within a bearish trend. It is looking choppy and is unclear of direction at the moment. The resistance levels are 108.75, 109.07, […]

Daily Market News — June 18th 2019

In commodities, gold is looking bullish The Japanese yen and the greenback are also looking bullish. The pound, the Australian dollar, and the New Zealand dollar are looking bearish. The EUR/USD pair is range bound and a break above 1.1250 is considered bullish. The resistance levels are 1.1251, 1.1304, and 1.1397. The support levels are 1.1205, 1.1161, and 1.1030. The USD/JPY pair looks choppy at the moment and is not sure of a direction. However, the long-term […]

Daily Market News — June 17th 2019

In commodities, gold is looking bullish. The greenback and the yen are also looking strong. However, the commodity currencies like the Australian dollar and the New Zealand are looking bearish. The EUR/USD pair is looking bearish at the moment and is facing strong resistance at 1.1220. The resistance levels are 1.1224, 1.1248, and 1.1268. The support levels are 1.1161, 1.1030, and 1.0990. The USD/JPY pair is looking choppy and is in a range bound condition at the moment. […]

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