Daily Pivots: (S1) 141.20; (P) 141.87; (R1) 143.04; More… Intraday bias in USD/JPY is turned neutral with current recovery and some consolidations would be seen first. But further decline is expected as long as 147.20 Read more…
Daily Pivots: (S1) 1.3554; (P) 1.3589; (R1) 1.3610; More… USD/CAD failed to break through 1.3617 resistance decisively so far. Intraday bias remains neutral and further decline remains in favor. On the downside, below 1.3545 minor Read more…
Daily Pivots: (S1) 0.6639; (P) 0.6657; (R1) 0.6693; More… AUD/USD recovered after dipping to 0.6621 briefly and intraday bias is turned neutral first. Some consolidations would be seen but risk will stay on the downside Read more…
The stronger-than-anticipated core inflation data initially sent shockwaves through US equities overnight, sparking a deep sell-off. However, tech stocks led a remarkable recovery, with all major indexes finishing in green. Notably, S&P 500 posted a Read more…
ECB is widely expected to implement a 25bps rate cut today, marking the second adjustment in its current policy easing cycle. This cut would bring the deposit rate down to 3.50% and the main refinancing Read more…
BoJ board member Naoki Tamura indicated in a speech today that the likelihood of achieving 2% inflation target sustainably is improving. As a result, the central bank needs to gradually raise interest rates to neutral Read more…
Japan’s corporate goods price index decelerated to 2.5% yoy in August, falling below market expectations of 2.8% yoy, marking the first slowdown in eight months. The data reflects a cooling in price pressures, which has Read more…
According to UOB analysts, the New Zealand Dollar (NZD) could test the 0.6115 level, provided it stays below 0.6185. However, a significant break below this level isn’t expected at the moment. In the longer term, Read more…
USDJPY reversed from the support zone Likely to rise to the resistance level 144.00 USDJPY currency pair recently reversed up from the support zone set between the pivotal support level 140.75 (which has been reversing Read more…
Donald Trump has not been much of a fan of solar energy. He’s said he supports it, but his real support lies in boosting oil and gas production by cutting regulations, especially drilling, and keeping Read more…