Daily Pivots: (S1) 128.61; (P) 128.89; (R1) 129.36; More…. Intraday bias in EUR/JPY remains on the downside for the moment. Consolidation pattern from 134.11 is extending with another leg. Deeper decline would be seen to Read more…
Short Term Elliott Wave view in USDJPY suggests the decline from January 4, 2022 high is unfolding as a double three Elliott Wave structure. Down from January 4, wave A ended at 115 and rally Read more…
DXY: On the H4 timeframe, prices are on bullish momentum and abiding to our ascending trendline. We would expect potentially a bounce from our 1st support at 95.921 in line with 38.2% Fibonacci retracement and Read more…
Daily Pivots: (S1) 152.96; (P) 153.73; (R1) 154.54; More… Intraday bias in GBP/JPY remains on the downside as fall from 157.74 is in progress. Such decline is seen as the third leg of the consolidative Read more…
US stocks staged a strong comeback overnight, with DOW staging the first-ever 1000-point-plus intraday U-turn. It’s down -1100 pts at initially trading but closed up 11 pts eventually. Yet, risk-off sentiment remains dominant in Asia. Read more…
Australia NAB business confidence dropped sharply from 12 to -12 in December. Business conditions dropped from 11 to 8. Trading conditions was unchanged at 14. Profitability conditions rose from 8 to 10. Employment conditions dropped Read more…
Australia CPI rose 1.3% qoq, 3.5% yoy in Q4, well above expectation of 1.0% qoq, 3.2% yoy. RBA trimmed mean CPI rose 1.0% qoq, 2.6% yoy, also above expectation of 0.7% qoq, 2.4% yoy. The Read more…
BoJ Governor Haruhiko Kuroda told the parliament today, “the BOJ will continue its ultra-easy policy so improvements in corporate profits and the economy prop up wages and gradually accelerate consumer inflation.” “We remain vigilant to Read more…
Key Highlights GBP/USD started a fresh decline below the 1.3600 support. A key bearish trend line is forming with resistance near 1.3520 on the 4-hours chart. EUR/USD declined below the 1.1320 support, with risk of Read more…
Headline CPI 1.3%qtr/3.5%yr; trimmed mean 0.97%qtr/2.6%yr, weighted median 0.95%qtr/2.7%yr. Core inflation is now above the mid-point of the RBA’s inflation target, not something the RBA was expecting in its forecast profile this early nor of Read more…