Month: November 2023

GBP/JPY edged higher to 185.94 last week but turned sideway since then. Initial bias remains neutral this week and more consolidations could be seen. But in case of another dip, downside should be contained above Read more…

EUR/JPY’s up trend continued last week and hit as high as 161.93. Initial bias stays on the upside this week. Further rise should be seen to 163.06 projection level next. Strong resistance could be seen Read more…

EUR/GBP’s strong rebound last week suggests that correction from 0.8752 has completed at 0.8648, after hitting 38.2% retracement of 0.8491 to 0.8752 at 0.8652. Initial focus is on 0.8752 resistance this week. Decisive break there Read more…

EUR/AUD’s strong rebound last week revived near term bullishness. Immediate focus is on 1.6843 resistance this week. Firm break there will resume the rebound from 1.6319 for retesting 1.7062 high next. On the downside, however, Read more…

EUR/CHF edged higher to 0.9651 last week but turned into sideway consolidation then. Initial bias stays neutral this week first. Another dip cannot be ruled out. But downside should be contained by 0.9564 support to Read more…

On Nov. 9, Federal Reserve Chairman Jerome Powell issued a warning to traders and financial markets: Don’t assume rates will be flat to lower for the foreseeable future.  The computers that drive financial markets saw Read more…