Daily Pivots: (S1) 1.6046; (P) 1.6081; (R1) 1.6135; More… Intraday bias in EUR/AUD is turned neutral first with current recovery. Some more consolidations could be seen first, but outlook will stay bearish as long as Read more…
Daily Pivots: (S1) 0.9592; (P) 0.9607; (R1) 0.9636; More…. Intraday bias in EUR/CHF remains neutral and outlook is unchanged. Further decline is expected as long as 0.9683 resistance holds. On the downside, break of 0.9476, Read more…
Daily Pivots: (S1) 202.69; (P) 203.04; (R1) 203.58; More… Intraday bias in GBP/JPY remains on the upside at this point. Current rally should target 100% projection of 191.34 to 200.72 from 197.18 at 206.56 next. Read more…
Key insights from the week that was. In Australia, the release of the week was certainly the Monthly CPI Indicator for May which reported a lift in headline inflation from 3.6%yr in April to 4.0%yr Read more…
Short Term Elliott Wave in USDCHF suggests pair ended the move down from 5.1.2024 high as wave (1) at 0.882. Wave (2) corrective rally is now in progress to correct cycle from 5.1.2024 high. Internal Read more…
Mood yesterday was mixed on a series of mixed economic and corporate news. In Europe, the business and consumer survey came in slightly lower than expected, the CAC 40 lost more than 1%, the Stoxx Read more…
Daily Pivots: (S1) 171.60; (P) 171.89; (R1) 172.38; More… Intraday bias in EUR/JPY remains on the upside as up trend continues. Next target is 100% projection of 164.01 to 170.87 from 167.52 at 174.38. On Read more…
Dollar is showing renewed strength in Asian session, particularly against commodity currencies. Market reactions to the televised debate between US President Joe Biden and former President Donald Trump have been muted, with traders shifting their Read more…
Japan’s Tokyo CPI core (excluding food) rose to 2.1% yoy in June, beating expectations of 2.0% yoy and up from May’s 1.9% yoy. CPI core-core (excluding food and energy) increased from 1.7% yoy to 1.8% Read more…
In a speech overnight, Fed Governor Michelle Bowman reiterated that Fed is “still not yet at the point where it is appropriate to lower the policy rate.” She emphasized that several upside risks to inflation Read more…