Market movers today Another quiet day on data front. The euro area retail sales for August are expected to reflect a fall in household real income with consensus expecting a 0.4% drop from July. Also, Read more…
Daily Pivots: (S1) 162.41; (P) 164.06; (R1) 165.51; More… Intraday bias in GBP/JPY is turned neutral with current retreat. While further rise could be seen, strong resistance might be seen from 169.10 high to limit Read more…
Daily Pivots: (S1) 142.27; (P) 143.18; (R1) 143.92; More…. Intraday bias in EUR/JPY is turned neutral with current retreat. On the upside, firm break of 145.62 resistance will resume larger up trend. However, break of Read more…
USD/JPY: USDJPY is in a bullish trend on the H4 chart. To add to the confluence, the price is also above the ichimoku cloud, indicating that the market is bullish. Price reflected off the first Read more…
Daily Pivots: (S1) 1.1206; (P) 1.1350; (R1) 1.1473; More… Intraday bias in GBP/USD remains neutral for the moment. On the downside, break of 1.1023 minor support will indicate that rebound from 1.0351 is over. Intraday Read more…
Dollar traded with an undertone in Asian session together with Yen and Swiss Franc. The pull back in US stocks overnight turned out to be shallow and brief. Major indexes managed to pare back much Read more…
New Zealand Deputy Prime Minister Grant Robertson said today that it’s going to be a “challenging year” with “global slowdown”. New Zealand would see “less demand and some slowdown”. But, “that doesn’t mean, to me, Read more…
Atlanta Fed president Raphael Bostic said yesterday, “I would like to reach a point where policy is moderately restrictive –between 4 and 4 1/2 percent by the end of this year — and then hold Read more…
Key Highlights NZD/USD failed to recover above the 0.5800 resistance zone. A major bearish trend line is forming with resistance near 0.5750 on the 4-hours chart. Crude oil price started a steady increase above the Read more…
The US dollar was the strongest major currency on Wednesday, supported by rising US yields and softer import/export data (which points to a softer global economy). And whilst the prices paid component of the ISM Read more…