Daily Pivots: (S1) 148.98; (P) 149.57; (R1) 150.39; More…. Intraday bias in USD/JPY remains neutral and further decline is expected with 150.92 support turned resistance intact. Current fall from 158.86 is seen as the third Read more…
Daily Pivots: (S1) 1.2569; (P) 1.2630; (R1) 1.2663; More… GBP/USD’s break of 1.2602 support suggests that a short term top is already formed at 1.2715, on bearish divergence condition in 4H MACD. Intraday bias is Read more…
Daily Pivots: (S1) 0.8953; (P) 0.8980; (R1) 0.9023; More… Intraday bias in USD/CHF remains neutral for the moment. On the upside, firm break of 0.9053 resistance will suggest that corrective pattern from 0.9200 has already Read more…
Daily Pivots: (S1) 1.4356; (P) 1.4402; (R1) 1.4483; More… Intraday bias in USD/CAD remains on the upside for the moment. Corrective pullback from 1.4791 should have completed at 1.4150 already. Further rise should be seen Read more…
Global stock markets are under heavy selling pressure as risk-off sentiment dominates the final trading day of February. The selloff intensified across major indices, with Japan’s Nikkei plunging -3% and Hong Kong’s Hang Seng Index Read more…
Daily Pivots: (S1) 0.6207; (P) 0.6261; (R1) 0.6291; More… AUD/USD’s fall from 0.6407 accelerated lower today and intraday bias stays on the downside for retesting 0.6087 low. Decisive break there will resume larger decline from Read more…
Short Term Elliott Wave View in FTSE suggests that cycle from 11.13.2024 low is in progress as a 5 waves impulse. Up from there, wave ((i)) ended at 8388.37 and pullback in wave ((ii)) ended Read more…
Speaking in parliament today, BoJ Deputy Governor Shinichi Uchida said recent rise in JGB yields “reflects the market’s view on the economic and price outlook, as well as overseas developments.” “There’s no change to our Read more…
Tokyo’s core CPI (ex-food) slowed to 2.2% yoy in February, down from 2.5% yoy and below market expectations of 2.3% yoy. This marks the first decline in four months, largely due to the reintroduction of Read more…
Philadelphia Fed President Patrick Harker noted in a speech overnight that recent inflation data continues to show an uneven path toward the 2% target. He acknowledged that January’s consumer price data came in hotter than Read more…