Daily Pivots: (S1) 188.19; (P) 188.72; (R1) 189.44; More… GBP/JPY is staying in consolidation below 190.05 and intraday bias remains neutral. On the upside, break of 190.05 will resume larger up trend. However, break of Read more…
UK retail sales volume rose 3.4% mom in January, well above expectation of 1.5% mom. That was the largest monthly rise since April 2021, reversing the deep decline of -3.3% mom in December. Sales volumes Read more…
Daily Pivots: (S1) 161.14; (P) 161.37; (R1) 161.77; More… EUR/JPY’s rally resume after brief consolidations and intraday bias is back on the upside. On the upside, firm break of 161.84 will confirm resumption of whole Read more…
Yen weakens mildly in Asian session today, contrasting with Nikkei’s continued up trend towards historical high made in 1990. This development comes amidst diminishing impacts of Japanese officials’ verbal interventions aimed at stemming Yen’s decline. Read more…
Rally from 2.1.2024 low is in progress as a 5 waves impulse Elliott Wave structure. Up from 2.1.2024 low, wave (i) ended at 159.14 and pullback in wave (ii) ended at 158.31. Pair extended higher Read more…
DXY: The DXY chart currently demonstrates a bullish overall momentum. There’s a potential scenario where the price may drop further to the 1st support in the short term before bouncing from there and rising to Read more…
Issues in the home-building sector are still boosting goods inflation in Australia. This week RBA Head of Economic Analysis Marion Kohler gave a speech on the economic outlook. Normally an RBA speech so soon after Read more…
Key insights from the week that was. In Australia, the week started with an encouraging development, the Westpac-MI Consumer Sentiment’s headline index rose 6.2% to be at its highest level in over a year, albeit Read more…
Key Highlights USD/JPY started a downside correction from the 150.80 resistance. A major rising channel is forming with support at 149.25 on the 4-hour chart. Gold price dived below $2,000 before it started a recovery Read more…
New Zealand BusinessNZ Performance of Manufacturing Index rose from 43.4 to 47.3 in January, hitting the highest level since June last year. Despite this uptick, it’s important to note that the manufacturing sector remained in Read more…