Daily Pivots: (S1) 0.6971; (P) 0.7020; (R1) 0.7096; More… Intraday bias in AUD/USD stays neutral and outlook remains bearish as with 0.7282 resistance intact. On the downside, firm break of 0.6828 support will resume larger Read more…
Daily Pivots: (S1) 130.93; (P) 132.81; (R1) 134.11; More… Intraday bias in USD/JPY stays neutral and consolidation from 135.58 could extend further. However, outlook stays bullish as long as 131.34 resistance turned support holds. Above Read more…
Daily Pivots: (S1) 0.9535; (P) 0.9762; (R1) 0.9894; More… Intraday bias in USD/CHF stays on the downside for 0.9543 support. It’s viewed as the third leg of the corrective pattern from 1.0063. Strong support should Read more…
Daily Pivots: (S1) 1.2126; (P) 1.2266; (R1) 1.2491; More… GBP/USD’s rebound from 1.1932 extends higher today but stays below 1.2666 resistance. Intraday bias remains neutral first and outlook stays bearish. Break of 1.1932 will resume Read more…
Daily Pivots: (S1) 1.0422; (P) 1.0511 (R1) 1.0642; More… Intraday bias in EUR/USD is turned neutral first as it recovered ahead of 1.0339/48 support zone. Outlook will stay bearish as long as 1.0786 resistance holds. Read more…
Yen trades broadly lower today after BoJ left monetary policy unchanged, including keeping the 10-year JGB yield cap. Selling is not too fierce for now on mixed sentiment in the Asian markets. But if global Read more…
The cryptocurrency market has collapsed by nearly $2.7 trillion since November, weakening the position of evangelists. The crash of crypto, and more specifically Bitcoin, has given voice to critics of digital currencies. Besides the main Read more…
CHF/JPY’s up trend resumes this week on diverging monetary policy of SNB and BoJ. SNB surprised the markets by announcing a 50bps rate hike yesterday, and indicated that more is coming. However, BoJ just kept Read more…
New Zealand BusinessNZ Performance of Manufacturing index rose from 51.2 to 52.9 in May. Production rose from 49.4 to 52.8. Employment rose from 49.8 to 53.0. New orders dropped from 55.2 to 53.0. Finished stocks Read more…
BoJ left short-term policy interest rate unchanged at -0.10%, and 10-year JGB target at around 0% under the yield curve control. It will continue to defend the 0.25% 10-year JGB yield cap, by offering to Read more…