Month: October 2022

Daily Pivots: (S1) 167.24; (P) 168.67; (R1) 170.76; More… Intraday bias in GBP/JPY stays on the upside as up trend is resuming. Firm break of 61.8% projection of 148.93 to 165.69 from 159.71 at 170.06 Read more…

EURJPY broke above the previous high on 9.12.2022 and shows bullish sequence favoring further upside against 140.87 in the first degree. Up from 9.26.2022 low, wave 1 ended at 144.08 and dips in wave 2 Read more…

Market movers today Today, we get German ZEW expectations, which will probably indicate a continued downturn in the macro momentum. In the US, we get industrial production figures for September. Markets will listen in on Read more…

USD/JPY: The current general bias for USDJPY on the H4 chart is bullish. To add to this bias, the price is currently trading above the Ichimoku cloud, indicating a bullish market. Price has maintained its Read more…

Daily Pivots: (S1) 145.14; (P) 145.93; (R1) 147.49; More…. EUR/JPY’s break of 145.62 resistance confirms up trend resumption. Intraday bias stays on the upside for 100% projection of 133.38 to 145.62 from 137.32 at 149.56, Read more…

Commodity currencies are generally stronger today following the rebound in risk markets. New Zealand Dollar is leading the way as additionally supported by stronger than expected consumer inflation reading. There are some talks that RBNZ Read more…

RBA Deputy Governor Michele  Bullock acknowledged in a speech that some commentators contracted the 24bps hike in October with those of other central banks that have been hiking by larger increments. “In part, this reflects Read more…

Minutes of RBA October 4 meeting revealed that members “carefully considered two options” of 50bps and 25bps rate hike. The arguments for a 25bps hike “rested on the risks to global and domestic growth, and Read more…