Daily Pivots: (S1) 155.06; (P) 156.08; (R1) 156.60; More… USD/JPY’s fall from 161.94 resumed by breaking through 155.36 today and intraday bias is back on the downside. Further decline should be seen to 38.2% retracement Read more…
Yen’s rally accelerates again in Asian session today, driven by stronger-than-expected PMI services data, which bolsters the argument for a BoJ rate hike next week. While opinions vary on the exact timing of the rate Read more…
BoC is widely anticipated to cut its interest rate by 25bps to 4.50% today, the second reduction in a row. This expectation is strongly backed by financial markets, which are pricing in nearly a 93% Read more…
Japan’s PMI Manufacturing declined from 50.0 to 49.2, underperforming against expectations of 50.5, indicating contraction. In contrast, PMI Services experienced a robust increase, rising sharply from 49.4 to 53.9, signaling a strong expansion and the Read more…
Australia’s PMI Manufacturing saw a marginal improvement in July, rising slightly from 47.2 to 47.4. Conversely, PMI Services dropped to a six-month low, moving from 51.2 to 50.8. PMI Composite also decreased from 50.7 to Read more…
Key Highlights AUD/USD declined heavily from the 0.6800 resistance zone. It traded below a key bullish trend line with support at 0.6725 on the 4-hour chart. EUR/USD started a downside correction below the 1.0880 level. Read more…
NZDJPY falling inside ABC correction (2) Likely to reach support level 92.00 NZDJPY currency pair falling sharply after the price broke the support area located between the support level 95.50 and the 38.2% Fibonacci retracement Read more…
EURUSD reversed from resistance area Likely to fall to support level 1.0800 EURUSD currency pair recently reversed down from the resistance area set between the multi-month resistance level 1.0920 (which has been reversing the price Read more…
The problem with Tesla is its ambition and its ability to describe its dreams with specifics often collide. One could see that dilemma at work Tuesday afternoon after the company’s second-quarter earnings missed estimates despite Read more…
Nice going, Rufus. Amazon (AMZN) recently wrapped up its Prime Day sale extravaganza and the internet retail and entertainment giant said it was a humdinger. Related: Alphabet earnings up next with Google parent’s AI costs Read more…