Daily Pivots: (S1) 1.5750; (P) 1.5785; (R1) 1.5832; More… EUR/AUD is still bounded in consolidation from 1.5976 and intraday bias stays neutral. Further rally will remain in favor as long as 1.5441 support holds. Break Read more…
Daily Pivots: (S1) 160.22; (P) 160.58; (R1) 160.97; More… Intraday bias in GBP/JPY remains neutral and outlook is unchanged. Further decline is expected as long as 162.24. Break of 158.57 will target 161.8% projection of Read more…
USD/JPY: Looking at the H4 chart, my overall bias for USDJPY is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to Read more…
Daily Pivots: (S1) 141.34; (P) 141.80; (R1) 142.47; More…. A short term bottom should be formed in EUR/JPY at 138.79 with current rebound. Intraday bias is back on the upside for 55 day EMA (now Read more…
Yen is under some persistent selling pressure since yesterday, following rebound in US benchmark yields. Aussie and Canadian Dollars are the stronger ones on commodity and oil prices, but Kiwi is lagging far behind. Euro Read more…
Credit: Curtis Joe / Android Authority The festive season inevitably sees some gift-giving between loved ones, and tech gadgets remain a popular category in this regard. Between wireless earbuds, tablets, gaming consoles, and a host Read more…
US 10-year yield rose notably overnight, ending up 0.109 at 3.860. The rally was believed to be triggered by news that China is further exiting pandemic restrictions and travel controls. The move was seen, on Read more…
Key Highlights USD/CAD started a fresh decline from the 1.3685 zone. It traded below a key bullish trend line with support at 1.3585 on the 4-hours chart. EUR/USD could rise above the 1.0650 and 1.0680 Read more…
In the Summary of Opinions at BoJ’s December 19-20 meeting, several members noted that Japan is currently in a “critical phase” in achieving 2% inflation target. One noted that “signs of a virtuous cycle have Read more…
Japan industrial production declined -0.1% mom in November, better than expectation of -0.2% mom. But that’s still the third straight month of contraction, followed -3.2% mom in October and -1.7% mom in September. Looking at Read more…