Daily Pivots: (S1) 202.14; (P) 202.43; (R1)202.90; More… Intraday bias in GBP/JPY stays on the upside. Firm break of 61.8% projection of 191.34 to 200.72 from 197.18 at 202.97. will pave the way to 100% Read more…
Daily Pivots: (S1) 170.74; (P) 171.07; (R1) 171.43; More… Intraday bias in EUR/JPY remains neutral at this point. Some consolidations could be seen first but further rally will remain in favor as long as 169.31 Read more…
Daily Pivots: (S1) 0.8430; (P) 0.8447; (R1) 0.8464; More… Intraday bias in EUR/GBP stays neutral first and outlook remains bearish with 0.8482 support turned resistance intact. On the downside, below 0.8429 minor support will bring Read more…
EURJPY stands well above uptrend line RSI flattens but MACD strengthens its momentum EURJPY has rebounded off the long-term ascending trend line near 167.70, sending the market above the previous peak of 170.80. A successful jump above the Read more…
Short Term Elliott Wave in USDJPY shows incomplete bullish sequence from 6.4.2024 low favoring more upside. Up from 6.4.2024 low, wave 1 ended at 157.4 as the 1 hour chart below shows. Pullback in wave Read more…
European Central Bank (ECB) policymaker Olli Rehn stated on Wednesday that market expectations of the ECB reducing interest rates twice more this year, reaching 2.25% by 2025, are “reasonable,” according to Bloomberg. The Finnish central Read more…
The Australian dollar (AUD) rallied after surprising inflation data for May came in higher than expected. Australia’s annual inflation accelerated to 4.0% in May, up from 3.6% in April, surpassing the forecast of 3.8%. Core Read more…
Daily Pivots: (S1) 1.6083; (P) 1.6113; (R1) 1.6149; More… EUR/AUD’s down trend resumes by breaking through 1.6026 today and intraday bias is back on the downside. Next target is 100% projection of 1.6679 to 1.6211 Read more…
Australian Dollar surged broadly in Asian session following a much stronger-than-expected monthly CPI report, sparking speculation that RBA might return to rate hikes in August. Comments from a top RBA official also indicated that the Read more…
Germany’s Gfk Consumer Sentiment for July fell from -21.0 to -21.8, below expectation of -20.0. In June, economic expectations fell from 9.8 to 2.5. Income expectations fell from 12.5 to 8.2. Willingness to buy fell Read more…