Daily Pivots: (S1) 147.21; (P) 148.02; (R1) 149.04; More… USD/JPY is staying in consolidation from 151 .93 and intraday bias remains neutral. Deeper decline cannot be ruled out, but downside should be contained by 38.2% Read more…
USD/JPY: The current general bias for USDJPY on the H4 chart is bearish. To add confluence to this, the price is below the Ichimoku cloud which indicates a bearish market. Overnight, USDJPY had some bearish Read more…
Daily Pivots: (S1) 0.9937; (P) 0.9980; (R1) 1.0044; More… Intraday bias in USD/CHF stays neutral and outlook is unchanged. On the upside, break of 1.0030 minor resistance will suggest that pull back from 1.0146 has Read more…
Dollar is trading mildly lower in Asian session today, but manages to maintain most of this week’s gain so far. The greenback will look into today’s FOMC rate decision, where a 75bps hike is well Read more…
Fed is widely expected to raise interest rate by 75bps again today, to 3.75-4.00%. The main question is whether Chair Jerome Powell would signal that tightening pace is going to slow afterwards. Currently, there are Read more…
New Zealand employment grew 1.3% in Q3, above expectation of 0.5%. Unemployment rate was unchanged at 3.3%, above expectation of 3.2%. Labor force participation rate rose 0.8% to 71.7%. Underutilization rate dropped -0.2 to 9.0%. Read more…
Australia AiG Performance of Manufacturing Index dropped -0.6 to 49.6 in October. Looking at some details, production dropped -0.1 to 47.6. Employment rose 7.1 to 46.9. New orders dropped -4.0 to 53.8. sales dropped -3.0 Read more…
Japan Finance Minister Shunichi Suzuki told the parliament, “I am very concerned about the gradual weakening of the yen”, which could accelerate inflation by increasing import costs. BoJ Governor Haruhiko Kuroda also said, recent Yen Read more…
BoC Governor Tiff Macklem said in a speech that the central bank is trying to “balance the risks of under- and over-tightening.” “The tightening phase will draw to a close,” he added. “We are getting Read more…
Key Highlights Crude oil price started a fresh increase above the $86.50 and $87.20 resistance levels. A major bullish trend line is forming with support near $85.60 on the 4-hours chart. Gold price might gain Read more…