Daily Pivots: (S1) 0.6480; (P) 0.6511; (R1) 0.6549; More… AUD/USD is still capped by 0.6567 resistance and intraday bias remains neutral for the moment. Further fall is also in favor. On the downside, below 0.6472 Read more…
Daily Pivots: (S1) 1.3743; (P) 1.3799; (R1) 1.3842; More… USD/CAD’s break of 1.3786 support confirms short term topping at 1.3946, on bearish divergence condition in 4H MACD. Intraday bias is back on the downside for Read more…
Daily Pivots: (S1) 0.9268; (P) 0.9326; (R1) 0.9367; More…. Intraday bias in EUR/CHF remains neutral as consolidation continues above 0.9209. While stronger recovery cannot be ruled out, near term outlook will remain bearish as long Read more…
Daily Pivots: (S1) 0.8578; (P) 0.8597; (R1) 0.8632; More…. Intraday bias in EUR/GBP is turned neutral with 4H MACD crossed below signal line. Some consolidations would be seen below 0.8618 first. Downside should be contained Read more…
Daily Pivots: (S1) 1.6699; (P) 1.6785; (R1) 1.6859; More… EUR/AUD’s retreat from 1.7180 extends lower today but stays well above 1.6474 support. Intraday bias remains neutral first and further rally is still in favor. On Read more…
Daily Pivots: (S1) 156.66; (P) 158.45; (R1) 159.60; More… EUR/JPY’s recovery from 154.40 extends higher today but stays below 162.87 resistance. Intraday bias remains neutral at this point, and further fall is expected. On the Read more…
New Zealand Dollar surged strongly today following much better than expected Q2 employment data.. Speculations of an early rate cut by RBNZ next week now seem exaggerated. Major banks still expect RBNZ to start easing Read more…
In a speech today, BoJ Deputy Governor Shinichi Uchida emphasized the necessity of maintaining monetary easing with the current policy interest rate “for the time being”, citing “extremely volatile” recent developments in both Japanese and Read more…
China’s export growth for July came in at 7.0% yoy, falling short of the expected 9.7% yoy increase. Exports to the US and EU each grew by about 8% yoy, while exports to ASEAN countries Read more…
New Zealand’s employment data for Q2 showed unexpected strength, with employment growing by 0.4%, defying expectations of a -0.3% contraction. However, the unemployment rate increased from 4.4% to 4.6%, which was still better than the Read more…