GBP/JPY’s pullback from 205.30 extended lower last week but failed to sustained below 201.24 resistance turned support. Initial bias remains neutral this week first and further rally is mildly in favor. On the upside, above Read more…
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EUR/JPY’s pullback from 177.91 extended lower last week but failed to sustain below 175.03 resistance turned support. Initial bias remains neutral this week and further rally is in favor. Above 176.44 minor resistance will turn Read more…
EUR/GBP stayed in sideway trading last week and outlook is unchanged. Initial bias remains neutral this week first. On the downside, break of 0.8654 will resume the fall from 0.8750. Decisive break there will indicate Read more…
EUR/AUD’s strong rally last week suggests that corrective pattern from 1.8554 has completed with three waves to 1.7569. Nevertheless, since a temporary top was formed at 0.8160 after first rejection by 1.8155 resistance, initial bias Read more…
EUR/CHF’s decline accelerated lower last week and the development indicates that consolidation pattern from 0.9218 has completed at 0.9452 already. Larger down trend should be ready to resume. Initial bias stays on the downside this Read more…
Week in review Another week has passed by and the US government shutdown continues. Despite this the week was still full of volatility as markets grappled with the ongoing US-China stalemate as well as concerns Read more…
Canadian Highlights Industries that are highly exposed to the U.S. continue to suffer, with manufacturing and wholesale sales volumes down in August. Housing market developments were mixed in September, with home sales declining but housing Read more…
Summary United States: Put on Pause As the federal government shutdown approaches its third full week, no end appears to be in sight. While the economic and financial market impact of the shutdown has been Read more…
Gold’s rally to record highs above $4,300 per ounce resulted from a debasement trade. Governments cannot cope with budget deficits, are accumulating debt and demanding that central banks cut interest rates, as in the US, Read more…