France PMI Manufacturing dropped from 51.4 to 49.6 in July, below expectation of 50.6. That’s the lowest level in 20 months. PMI Services dropped from 53.9 to 52.1, below expectation of 52.7. That’s the lowest Read more…
USDCAD looks to be creating a floor around the 40-day simple moving average (SMA) below the 1.2900 round number. The technical indicators are failing to suggest a clear sign as the MACD is holding below Read more…
GBPJPY inched lower to seek support near the 20-day simple moving average (SMA) early on Friday after getting rejected again around June’s descending trendline, which looks to be part of a symmetrical triangle. The symmetrical triangle Read more…
EUR/USD Due to the aggregation of several significant pieces of news, yesterday was a very significant day for the euro. Specifically, the departure of Mario Draghi, the Italian prime minister, who was tasked with steering Read more…
Daily Pivots: (S1) 164.21; (P) 165.09; (R1) 165.64; More… Intraday bias in GBP/JPY is turned neutral for the moment. Break of 163.54 minor support will argue that consolidation from 168.67 is extending with another falling Read more…
Daily Pivots: (S1) 139.62; (P) 140.97; (R1) 141.80; More…. EUR/JPY’s break of 140.41 minor support argues that rebound from 136.85 has completed. Corrective pattern from 144.23 is still extending, with another falling leg. Intraday bias Read more…
Daily Pivots: (S1) 0.8485; (P) 0.8535; (R1) 0.8576; More… EUR/GBP retreated after hitting 0.8585 and intraday bias is turned neutral again. Further rise will remain mildly in favor as long as 0.8456 minor support holds. Read more…
Daily Pivots: (S1) 0.9849; (P) 0.9900; (R1) 0.9936; More…. Intraday bias in EUR/CHF stays neutral at this point and outlook stays bearish with 0.9953 minor resistance intact. Firm break of 0.9084 low will resume larger Read more…
Daily Pivots: (S1) 1.2838; (P) 1.2887; (R1) 1.2915; More… USD/CAD is losing some downside momentum as seen in 4 hour MACD. But further decline is expected with 1.2988 minor resistance intact. On the downside, break Read more…
Daily Pivots: (S1) 0.6884; (P) 0.6910; (R1) 0.6962; More… AUD/USD retreated quickly after edging higher to 0.6937. Intraday bias remains neutral first. On the upside, above 0.6937 will resume the rebound from 0.6680 to 55 Read more…