Recent two weeks of price actions in AUD/JPY have evolved into a minor downtrend. Key resistance on the minor downtrend stands at 96.00. Near-term supports are at 94.80 and 94.00. This is a follow-up on Read more…
Recent two weeks of price actions in AUD/JPY have evolved into a minor downtrend. Key resistance on the minor downtrend stands at 96.00. Near-term supports are at 94.80 and 94.00. This is a follow-up on Read more…
ECB Governing Council member Bostjan Vasle has emphasized the need for further monetary tightening in the face of persistent inflation, speaking on the sidelines of the ECB Forum. “Given the persistence of inflation, we need Read more…
Daily Pivots: (S1) 1.0916; (P) 1.0947; (R1) 1.0991; More… Intraday bias in EUR/USD remains neutral as it’s still bounded in range below 1.1011. Strong support from 55 D EMA (now at 1.0838) retains near term Read more…
Daily Pivots: (S1) 143.52; (P) 143.84; (R1) 144.40; More… Intraday bias in USD/JPY stays on the upside for the moment. Current rally from 127.20 should target 161.8% projection of 127.20 to 137.90 from 129.62 at Read more…
German Gfk Consumer Sentiment for July fell from -24.4 to -25.4, below expectation of 23.0. In June, economic expectations fell from 12.3 to 3.7. Income expectations fell from -8.2 to -10.6. Propensity to buy improved Read more…
Daily Pivots: (S1) 0.6663; (P) 0.6692; (R1) 0.6716; More… AUD/USD’s fall from 0.6898 resumed after brief recovery and intraday bias is back on the downside. Sustained break of 61.8% retracement of 0.6457 to 0.6898 at Read more…
Short term Elliott Wave View in E-mini S&P 500 Futures (ES) suggests the rally from 3.13.2023 low is in progress as a 5 waves impulse Elliott Wave structure. Up from 3.13 low, wave ((i)) ended Read more…
Australia monthly CPI slowed notably from 6.8% yoy to 5.6% yoy in May, below expectation of 6.1% yoy. That’s also the lowest reading in more than a year since April 2022. Excluding volatile items and Read more…