Daily Pivots: (S1) 182.69; (P) 183.35; (R1) 184.19; More… GBP/JPY’s correction from 183.99 is extending today. Firm break of 182.12 support will bring deeper fall to 55 D EMW (now at 175.98). But downside should Read more…
Daily Pivots: (S1) 156.12; (P) 156.64; (R1) 157.43; More…. Intraday bias in EUR/JPY remains on the downside as correction from 157.99 is extending to 154.03 support or below. But overall outlook will stay bullish as Read more…
Bullish breakout seen in US Treasury 10-year yield above 3.90%, next resistance at 4.46%. Long-duration assets (fixed income & growth stocks) sold off and underperformed in the past two days. Record low level of implied Read more…
Daily Pivots: (S1) 1.3304; (P) 1.3339; (R1) 1.3402; More…. USD/CAD’s rebound from 1.3115 short term bottom extended higher and it’s now pressing 55 D EMA (now at 1.3369). Intraday bias stays on the upside for Read more…
Daily Pivots: (S1) 1.0851; (P) 1.0875; (R1) 1.0917; More… Range trading continues in EUR/USD and intraday bias remains neutral at this point. Further rise is still mildly in favor. On the upside, break of 1.1011 Read more…
Financial markets are awaiting with bated breath today’s US non-farm payrolls data, as labor market tightness continues to be a crucial variable in shaping Fed future policy trajectory. Market consensus predicts a healthy growth of Read more…
Key insights from the week that was. Seeing need for time to assess the outlook after a cumulative 400bps of tightening since last May, the RBA decided to leave the cash rate unchanged in July. Read more…