BoJ Governor Kazuo Ueda reaffirmed today that Japan’s economy is expected to sustain a moderate recovery, which should support underlying inflation in converging toward 2% target over the coming years. However, Ueda did not repeat Read more…
Eurozone’s unemployment rate was unchanged at 6.4% in August, aligning with market expectations. Meanwhile, EU unemployment rate fell slightly from 6.0% to 5.9%. The report estimates that 13.027m people in EU, including 10.925m in Eurozone, Read more…
USDJPY holds below key resistance levels as October’s session starts Technical signals cannot warrant a bullish trend reversal USDJPY had a lackluster beginning to October, with a neutral close around its 20-day EMA and previously Read more…
The Swiss franc is calm on Wednesday. In the European session, USD/CHF is trading at 0.8454, up 0.13% on the day. SNB welcomes Schlegel – will he bring more of the same? Martin Schlegel has Read more…
Following Israel’s military operation in Lebanon, Iran launched a missile strike on Israel on October 1. Financial markets reacted sharply as soon as the first reports of the attack emerged: → U.S. stock indices dropped Read more…
EUR/USD declined from the 1.1200 resistance and corrected gains. USD/JPY is rising and might gain pace above the 144.65 resistance. Important Takeaways for EUR/USD and USD/JPY Analysis Today The Euro started a fresh decline below Read more…
GBPUSD remains above 20-day SMA Stochastic and RSI reflect latest downside move. GBPUSD is notably retreating from the two-and-a-half-year high of 1.3433, meeting the 20-day simple moving average (SMA) at 1.3235. Furthermore, the pair is Read more…
Daily Pivots: (S1) 189.27; (P) 191.31; (R1) 192.78; More… Intraday bias in GBP/JPY remains neutral and outlook is unchanged. Corrective rebound from 180.00 might have completed with three waves up to 195.95. Risk will stay Read more…
Daily Pivots: (S1) 157.87; (P) 159.39; (R1) 160.41; More…. Intraday bias in EUR/JPY remains neutral and outlook is unchanged. Corrective pattern from 154.40 might have completed with three waves to 163.47 already. Risk will stay Read more…
Daily Pivots: (S1) 0.8313; (P) 0.8329; (R1) 0.8347; More… Intraday bias in EUR/GBP stays on the downside for the moment. Fall from 0.8624 would target 100% projection of 0.8624 to 0.8399 from 0.8463 at 0.8237 Read more…