In the coming week, the key scheduled macroeconomic events include rate decisions in Australia and New Zealand, Canadian inflation data, and Flash PMIs for Europe. On February 18th, the Reserve Bank of Australia (RBA) is expected to cut the key rate for the first time in this monetary cycle. Australia has been less aggressive in […]
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GBP/JPY’s strong rebound last week suggests that fall from 198.94 has completed at 187.04 already. But with a temporary top formed at 193.04, initial bias remains neutral this week first. Overall, corrective pattern from 180.00 Read more…
EUR/JPY’s strong rebound last week suggests that fall from 164.89 has completed at 155.72 already. But with a temporary top formed at 161.17, initial bias remains neutral this week first. Overall, sideway pattern from 154.40 Read more…
Range trading continued in EUR/GBP last week and near term outlook remains mixed. Initial bias stays neutral this week first. On the upside, above 0.8376 minor resistance will bring stronger rally towards 0.8472. However, on Read more…