GBPJPY has been stuck in a prolonged uptrend since the beginning of the year, generating a structure of consecutive multi-year highs. In the near-term, the price managed to jump above the restrictive trendline that held Read more…
USDCAD corrected sharply lower to a nine-month low of 1.3200 on Thursday, following the close below the support trendline, which had been buffering downside movements since November. The pair is in the third week of Read more…
Daily Pivots: (S1) 152.22; (P) 152.95; (R1) 154.29; More…. EUR/JPY accelerates to as high as 154.63 so far today. There is no sign of topping after breaking 153.63 medium term projection level. Intraday bias stays Read more…
Key insights from the week that was. Westpac-MI Consumer Sentiment was broadly unchanged in June, the modest rise from 79.0 to 79.2 reflecting a deeply pessimistic view of the outlook. The RBA’s decision to raise Read more…
Key insights from the week that was. Westpac-MI Consumer Sentiment was broadly unchanged in June, the modest rise from 79.0 to 79.2 reflecting a deeply pessimistic view of the outlook. The RBA’s decision to raise Read more…
In a widely expected move, BoJ today unanimously voted to maintain its existing ultra-loose monetary policy. The central bank kept short-term policy rate at -0.10% under its yield curve control. Yield target on 10-year JGB Read more…
New Zealand BusinessNZ Performance of Manufacturing Index ticked up from 48.8 to 48.9 in May, staying well below long-term average activity rate of 53.0. Looking at some details, production dropped from 47.0 to 45.7. Employment Read more…