Daily Pivots: (S1) 133.93; (P) 134.39; (R1) 135.02; More… Outlook in USD/JPY remains neutral for the moment. Further decline is in favor with 135.68 resistance intact. Fall from 137.76 is seen as the third leg Read more…
National Institute of Economic and Social Research (NIESR) forecasts a modest rebound in UK’s monthly GDP in April with growth of 0.3%, largely driven by services sector. However, this is viewed as a modest increment Read more…
The Euro remains at the back foot in early Friday following 0.6% drop on Thursday, which generated bearish signal on eventual close below pivotal Fibo support at 1.0960 zone (23.6% retracement of 1.0516/1.1095 rally/daily Kijun-sen). Read more…
The Euro remains at the back foot in early Friday following 0.6% drop on Thursday, which generated bearish signal on eventual close below pivotal Fibo support at 1.0960 zone (23.6% retracement of 1.0516/1.1095 rally/daily Kijun-sen). Read more…
The Euro remains at the back foot in early Friday following 0.6% drop on Thursday, which generated bearish signal on eventual close below pivotal Fibo support at 1.0960 zone (23.6% retracement of 1.0516/1.1095 rally/daily Kijun-sen). Read more…
GBPJPY posted two consecutive red days, meeting the 168.00 support, and is currently holding near the 20-day simple moving average (SMA). When looking at the bigger picture, the pair is bullish as it is standing above the long-term Read more…
Daily Pivots: (S1) 0.8900; (P) 0.8929; (R1) 0.8972; More… Range trading continues in USD/CHF and intraday bias remains neutral. While down trend from 1.0146 could still extend lower, strong support should be seen from 61.8% Read more…
Daily Pivots: (S1) 146.15; (P) 146.88; (R1) 147.61; More…. Intraday bias in EUR/JPY remains on the downside at this point. Fall from 151.60 short term top would target 61.8% retracement of 139.05 to 151.60 at Read more…
Daily Pivots: (S1) 167.55; (P) 168.66; (R1) 169.47; More… GBP/JPY dropped notably overnight but recovering after hitting 167.95 resistance turned support. Intraday bias stays neutral first. Further rally could still be seen with 167.95 intact. Read more…
According to RBNZ Q2 Survey of Expectations (Business), inflation expectations for the year ahead took a notable dip, marking the largest drop since June 2020. The one-year-ahead inflation expectation declined by -83 basis points, moving Read more…