Overall, the markets are quiet in holiday mood today. Dollar remains the worst performer for the week, followed by Canadian. Next is Euro, which is receiving no support from the slight improvement in Germany consumer Read more…
Germany Gfk Consumer Sentiment for December rose slightly from -41.9 to -40.2, better than expectation of -45.3. In November, economic expectations rose from -22.2 to -17.9. Income expectations rose from -60.5 to -54.3. Propensity to Read more…
Daily Pivots: (S1) 0.6735; (P) 0.6756; (R1) 0.6786; More… Intraday bias in AUD/USD remains neutral and outlook is unchanged. Further rise is expected as long as 0.6521 resistance turned support holds. On the upside, break Read more…
Daily Pivots: (S1) 1.3316; (P) 1.3339; (R1) 1.3361; More…. Intraday bias in USD/CAD remains neutral and outlook is unchanged. On the upside, firm break of 1.3494 will indicate that correction from 1.3976 has completed at Read more…
Daily Pivots: (S1) 167.30; (P) 167.80; (R1) 168.44; More… Intraday bias in GBP/JPY stays neutral for the moment. In the upside, break of 169.07 resistance will argue that larger up trend is ready to resume Read more…
Daily Pivots: (S1) 143.61; (P) 144.40; (R1) 145.14; More…. Intraday bias in EUR/JPY is back on the downside with break of 144.32 minor support. Corrective pattern from 148.38 is extending with another falling leg. Deeper Read more…
Daily Pivots: (S1) 0.8566; (P) 0.8601; (R1) 0.8629; More… Immediate focus is now on 0.8570 support in EUR/GBP. Firm break there will resume the decline from 0.9267. Next target is 61.8% projection of 0.9267 to Read more…
Daily Pivots: (S1) 1.5351; (P) 1.5406; (R1) 1.5445; More… EUR/AUD is still extending the consolidation from 1.5704 and intraday bias remains neutral. In case of deeper fall, downside should be contained by 55 day EMA Read more…
New Zealand retail sales volume rose 0.4% qoq to NZD 26B in Q3, slightly below expectation of 0.5% qoq. Sale value rose 2.5% qoq to NZD 30B. Comparing with Q3 2021, sales volume rose 4.9% Read more…
USD/JPY: The current general bias for USDJPY on the H4 chart is bearish. To add confluence to this, the price is under the Ichimoku cloud which indicates a bearish market. If the bearish momentum continues, Read more…