Daily Pivots: (S1) 136.81; (P) 137.84; (R1) 138.39; More… USD/JPY’s correction from 139.37 is still in progress and intraday bias remains neutral first. Downside of retreat should be contained by 134.73 support. On the upside, Read more…
Daily Pivots: (S1) 0.9641; (P) 0.9690; (R1) 0.9716; More… Intraday bias in USD/CHF stays neutral at this point. Fall from 0.9884 is seen as a falling leg of the consolidation from 1.0063. Below 0.9652 will Read more…
Daily Pivots: (S1) 1.1926; (P) 1.1965; (R1) 1.2040; More… Intraday bias in GBP/USD stays neutral as range trading continues. On the downside, break of 1.1759 low will resume larger down trend. Next target is 100% Read more…
Key insights from the week that was. In Australia and abroad, it was a quiet week for data, keeping the focus on monetary policy. At home, the July RBA minutes and speeches by RBA Governor Read more…
We warned of potential support in yesterday’s gold wrap report, and price action since appears promising that a swing low is in the making – at least over the near-term. Asian Indices: Australia’s ASX 200 Read more…
The European Central Bank (ECB) rose its three policy rates by 50bp at yesterday’s monetary policy meeting, versus 25bp expected by analysts. But the ECB decision wasn’t a big surprise given that many investors were Read more…
Volatility was the winner overnight, with a multitude of data points and events leaving market price action messier than a teenager’s bedroom. The European Central Bank surprised markets by lifting policy rates by 0.50%, ending Read more…
In volume term, UK retail sales dropped -0.1% mom in June, better than expectation of -0.3% mom. Ex-fuel sales rose 0.4% mom, above expectation of -0.3% mom. Compared with the same period a year earlier, Read more…
Daily Pivots: (S1) 1.0135; (P) 1.0204; (R1) 1.0252; More… EUR/USD quickly retreated after edging 1.0277 and intraday bias is turned neutral again. On the upside, above 1.0277 will resume the rebound from 0.9951 to 1.0348 Read more…
The lift from ECB rate hike to Euro was rather brief yesterday. The common currency remains range bound again most currencies and turns slightly softer today. Dollar, on the other hand, is regaining some ground Read more…