Daily Pivots: (S1) 165.45; (P) 166.19; (R1) 166.65; More… Intraday bias in GBP/JPY remains neutral and outlook is unchanged. On the upside, decisive break of 168.67 resistance will resume larger up trend. Next near term Read more…
Daily Pivots: (S1) 142.66; (P) 143.47; (R1) 144.07; More…. Range trading continues in EUR/JPY and intraday bias stays neutral. On the upside, decisive break of 144.23 will resume larger up trend. On the downside, below Read more…
Daily Pivots: (S1) 0.8615; (P) 0.8631; (R1) 0.8650; More… Intraday bias in EUR/GBP remains neutral as sideway trading continues. Further rally is expected with 0.8484 support intact. On the upside, break of 0.8720 and sustained Read more…
Daily Pivots: (S1) 1.5166; (P) 1.5230; (R1) 1.5299; More… EUR/AUD is staying in range below 1.5343 and intraday bias remains neutral. On the upside, sustained break of 1.5354 support turned resistance will indicate medium term Read more…
Daily Pivots: (S1) 1.0042; (P) 1.0086; (R1) 1.0117; More…. EUR/CHF’s fall from 1.0512 is still in progress and further decline should be seen to retest 0.9970 low. Decisive break there will resume larger down trend. Read more…
Risk-off sentiment is back in Asia today, after US stocks were sold off on poor consumer confidence data. In the currency markets, trading is relatively subdued, with Euro and Dollar trading in soft tone. Canadian Read more…
Australia retail sales rose 0.9% mom in May, above expectation of 0.4% mom. That’s the fifth consecutive monthly growth. Ben Dorber, Director of Quarterly Economy Wide Statistics said, “There was growth across five of the Read more…
BoJ Governor Haruhiko Kuroda said, “Unlike other economies, the Japanese economy has not been much affected by the global inflationary trend, so monetary policy will continue to be accommodative,” according to the recording released by Read more…
The US dollar will be in the spotlight this week with the Fed’s favorite inflation measure on Thursday ahead of the ISM manufacturing PMI on Friday. Concerns about rampant inflation have been overshadowed by fears Read more…
It has long been said that the Fed’s favorite measure of inflation is Core PCE. But has that changed? The Fed raised rates by 75bps at its June meeting. Expectations were only for a 50bps Read more…