USD/CAD’s rise from 1.3091 resumed last week and surged to as high as 1.3879. Initial bias stays on the upside this week for retesting 1.3976 high. Decisive break there will resume larger up trend to Read more…
GBP/JPY continued to trade sideway below 183.79 resistance last week a and outlook is unchanged. Further rally will remain mildly in favor as long as 181.00 support holds. Above 183.79 will resume the rise from Read more…
EUR/JPY break through 159.75 resistance last week but retreated again after hitting 159.90. Initial bias remains neutral this week for consolidations first. Further rise is in favor as long as 157.67 support holds. Above 159.90 Read more…
EUR/GBP stayed in consolidation below 0.8739 last week and outlook is unchanged. Initial bias remains neutral this week first. In case of deeper retreat, downside should be contained by 55 D EMA (now at 0.8646).Firm Read more…
EUR/AUD edged higher to 1.6843 last week but turned sideway since then. Initial bias stays neutral this week first. Further rally is expected as long as 1.6550 support holds. Above 1.6843 will target a test Read more…
EUR/CHF’s rebound from 0.9416 extend higher last week. A short term bottom should be formed on bullish convergence condition in 4 H MACD, just ahead of 0.9407 medium term bottom. Initial bias is mildly on Read more…
U.S. Highlights The 10-year Treasury yield briefly surpassed 5% earlier this week. Though yields have since retraced, the 10-year looks to end the week at a still elevated 4.85%. The advance estimate of GDP showed Read more…
The Arena Media Brands, LLC and respective content providers to this website may receive compensation for some links to products and services on this website. Cold weather typically means the air dries out and can Read more…
Summary United States: Remarkable Resilience The U.S. economy expanded at a stronger-than-expected pace in Q3, with real GDP increasing at a robust 4.9% annualized rate. Data on consumer spending, durable goods, initial claims and new Read more…
Key insights from the week that was. In Australia, the Q3 CPI printed at 1.2% (5.4%yr) for headline inflation and 1.2% (5.2%yr) for core trimmed mean inflation. The detail of the report highlighted that, although Read more…