A flurry of second-tier data releases in the United States this week will culminate on Friday with the all-important PCE inflation figures (12:30 GMT). Amid a very mixed picture on economic growth lately, the incoming Read more…
US Conference Board Consumer Confidence rose from 102.5 to 109.7 in June, well above expectation of 103.6. Present Situation Index rose from 148.9 to 155.3. Expectations Index jumped from 71.5 to 79.3, but remained below Read more…
Daily Pivots: (S1) 1.0889; (P) 1.0904; (R1) 1.0921; More… EUR/USD rebounds notably today but stays below 1.1011. Intraday bias remains neutral first. Nevertheless strong support from 55 D EMA (now at 1.0838) retains near term Read more…
US durable goods orders rose 1.7% mom to USD 288.2B in May, much better than expectation of -1.0% mom decline. Ex-transport orders rose 0.6% mom to 185.6B. Ex-defense orders rose 3.0% mom to 269.9B. Transportation Read more…
The EURJPY cross hit new highest since September 2008 on Tuesday, as larger bulls regained control after a two-day pause and a false signal from last Friday’s hanging man candle. Broader weakness of Japanese yen Read more…
The EURJPY cross hit new highest since September 2008 on Tuesday, as larger bulls regained control after a two-day pause and a false signal from last Friday’s hanging man candle. Broader weakness of Japanese yen Read more…
USDJPY keeps firm bullish tone and trading near new multi-month high in European session on Tuesday, as bulls regain traction after pausing on Monday. The pair stays above broken pivotal Fibo barrier at 142.50 (61.8% Read more…
EURJPY has been in a strong uptrend since the beginning of the year, posting a fresh 15-year high of 157.20 in today’s session. However, this rally appears to have reached overbought conditions, thus a potential Read more…
Daily Pivots: (S1) 181.75; (P) 182.37; (R1) 183.06; More… Further rise is expected in GBP/JPY despite loss of upside momentum. Current up trend should target 138.2% projection of 148.93 to 172.11 from 155.33 at 187.36 Read more…
Daily Pivots: (S1) 1.6301; (P) 1.6333; (R1) 1.6369; More… Intraday bias in EUR/AUD is turned neutral with current retreat. But outlook is unchanged that corrective fall from 1.6785 should have completed with three waves down Read more…