Daily Pivots: (S1) 1.2915; (P) 1.2968; (R1) 1.2997; More… Intraday bias in GBP/USD remains neutral for consolidations below 1.3043 temporary top. Downside of retreat should be contained by 1.2859 resistance turned support to bring another Read more…
Daily Pivots: (S1) 155.29; (P) 156.95; (R1) 157.84; More… USD/JPY rebounded after dipping to 155.36 and intraday bias is turned neutral first. Deeper decline is still expected as long as 158.85 resistance holds. Below 155.36 Read more…
Daily Pivots: (S1) 0.6688; (P) 0.6716; (R1) 0.6734; More… Break of 0.6713 resistance turned support indicates short term topping at 0.6798, on bearish divergence condition in 4H MACD. Intraday bias is back on the downside Read more…
UK retail sales volume fell -1.2% mom in June, worse than expectation of -0.6% mom. Sales volumes fell across most sectors, with department stores and clothing retailers broadly returning to their Q1 levels. It’s -1.3% Read more…
Key insights from the week that was. It was a relatively quiet week in Australia, with the June Labour Force Survey the only market sensitive date release. The main surprise in the report was labour Read more…
Daily Pivots: (S1) 1.3678; (P) 1.3698; (R1) 1.3727; More… USD/CAD’s rebound from 1.3588 resumed by breaking 1.3707 temporary top and intraday bias back on the upside. Outlook is unchanged that corrective pattern from 1.3845 might Read more…
Dollar rebounded broadly overnight following steep 500+ point selloff in DOW. Some analysts cited rotation away from big tech as the cause, but the decline was broad-based. Profit-taking could be a more likely factor after Read more…
Yes, the stock market has stumbled. Ok, it fell with a thud on Wednesday (July 17), and Thursday (July 18). The Wednesday slump was the S&P 500’s biggest one-day loss since April. The question is Read more…
Japan’s government has downgraded its growth forecast for the current fiscal year 2024 from 1.3% to 0.9%. This adjustment comes as inflation continues to impact private consumption, which accounts for over half of the economy. Read more…
And The Third Plenum Suggests No Major Economic Model Adjustments Summary Recent GDP and activity data from China were underwhelming, and as a result, we have revised our 2024 annual GDP growth forecast lower. With Read more…