Daily Pivots: (S1) 142.94; (P) 143.37; (R1) 143.94; More… Intraday bias in USD/JPY remains neutral and outlook stays bullish. On the upside, break of 144.98 will resume larger up trend to 147.68 long term resistance. Read more…
Daily Pivots: (S1) 0.6674; (P) 0.6722; (R1) 0.6748; More… Intraday bias in AUD/USD remains neutral for the moment, and outlook stays bearish with prior rejection by 55 day EMA. Decisive break of 0.6680 will resume Read more…
UK retail sales volume dropped -1.6% mom, -5.4% yoy in August, worst than expectation of -0.6% mom, -4.2% yoy. Ex-fuel sales volume dropped -1.6% mom, -5.0% yoy, versus expectation of -0.7% mom, -3.4% yoy. Retail Read more…
Overall, Dollar remains the strongest one for the week, followed by Swiss Franc and then Yen. Risk aversion support these currencies, on the expectation of another jumbo rate hike by Fed next week. Commodity currencies Read more…
Daily Pivots: (S1) 1.3175; (P) 1.3208; (R1) 1.3261; More… USD/CAD’s break of 1.3222 resistance confirms resumption of up trend from 1.2005. Intraday bias is back on the upside. Next target is 100% projection of 1.2005 Read more…
China industrial production rose 4.2% yoy in August, above expectation of 4.0% yoy. Retail sales rose 5.4% yoy, above expectation of 3.2% yoy. That’s the fastest pace since January-February period this year. Fixed asset investment Read more…
New Zealand BusinessNZ Performance of Manufacturing Index rose slightly from 53.5 to 54.9 in August. Production rose from 50.8 to 54.6. Employment rose from 52.9 to 53.6. New orders rose from 50.8 to 59.2. Finished Read more…
RBA Governor Philip Lowe told the House of Representatives Standing Committee on Economics, interest rate at 2.35% is “still too low”. He added that over the longer term, the cash rate “should at least average the mid point Read more…
Key insights from the week that was. This week, Australian data provided a constructive view on the economic outlook. Global financial markets meanwhile were jolted by the US’ strong August CPI report. Beginning first with Read more…
USD/JPY: On the H4 chart, price is still respecting the ascending momentum. We are still bullish bias- Price is testing above the previous low and if bullish momentum continues, it should bring price to first Read more…