Australian Dollar faced broad declines in Asian trading following Q3 GDP data that fell short of expectations, marking a continued slowdown in the economy. Despite the weakness, the data isn’t severe enough to prompt an immediate policy response from RBA, either this month or in February. The central bank’s decision-making remains anchored on progress in […]
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EUR/USD’s decline continued to stall above 1.0199 fibonacci level last week. Initial bias stays neutral this week first. But outlook will remain bearish as long as 1.0435 resistance holds. Decisive break of 1.0199 will resume Read more…
USD/JPY edged higher last week but upside momentum diminished, as seen in 4H MACD, as it approached 61.8% projection of 139.57 to 156.74 from 148.64 at 159.25. Initial bias is turned neutral this week first. Read more…
GBP/USD’s downside acceleration last week and break of 1.2256 fibonacci level suggest larger bearish trend reversal. Initial bias stays on the downside this week. Next near term target is 100% projection of 1.3433 to 1.2486 Read more…