Month: May 2024

AUD/USD turned into consolidation below 0.6645 last week. Initial bias stays neutral this week first, and more sideway trading could be seen. Further rise is in favor as long as 55 4H EMA (now at Read more…

USD/CAD reversed after rebounding to 1.3761 and the development suggests that correction from 1.3845 is still extending. Initial bias remains neutral this week first. On the upside, break of 1.3761 resistance will argue that correction Read more…

GBP/JPY’s rebound last week suggests that pullback from 200.53 has completed at 191.34 already. It’s now in the second leg of the corrective pattern from 200.53. Initial bias stays mildly on the upside this week Read more…

EUR/JPY’s rebound last week suggest that pullback from 171.58 has completed at 164.01 already. Initial bias stays on the upside this week for 168.64 resistance, as the second leg of the corrective pattern from 171.58. Read more…

EUR/GBP’s rebound from 0.8529 continued last week but lost momentum after hitting 0.8619. Initial bias is turned neutral this week first. On the downside, below 0.8585 minor support will argue that rebound from 0.8529 has Read more…

EUR/AUD recovered last week after edging lower to 1.6216. Initial bias remains neutral this week and more consolidations could be seen. But further decline is expected as long as 1.6494 resistance holds. Fall from 1.6742 Read more…

EUR/CHF turned into sideway consolidations last week but overall outlook is unchanged. Initial bias remains neutral this week first. Fall from 0.9835 is seen as the third leg of the corrective pattern from 0.9847. Risk Read more…

U.S. Highlights The Federal Reserve Senior Loan Officer Opinion Survey showed that most banks tightened lending standards further in the first quarter, with demand for loans falling in concert. Growth in U.S. consumer credit slowed Read more…

The children’s toy industry has faced financial distress, leading to bankruptcy filings and the demise of national toy store chains over the past 20 years. KB Toys had about 1,300 stores in 50 states when Read more…

Summary United States: The Calm Before the Storm Was it an unwillingness to share the limelight with the world’s central banks or just a quirk of the domestic economic calendar? Either way, it was an Read more…