Australia’s latest economic data were supposed to answer one question: has April’s oil shock weakened the economy enough to keep the Reserve Bank of Australia comfortably on hold? Instead, they delivered a more complicated answer. AUD/USD has begun to stabilize after a sharp selloff this week, reflecting a data flow that was mixed at first […]
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Intraday bias in EUR/USD remains on the downside at this point. Sustained break of 1.1353 fibonacci level will carry larger bearish implication. Next near term is 100% projection of 1.2081 to 1.1408 from 1.1848 at Read more…
Intraday bias in USD/JPY remains neutral for the moment. On the downside, firm break of 160.58 support should confirm short term topping, on bearish divergence condition in 4H MACD. Deeper fall should then be seen Read more…
Intraday bias in GBP/USD remains on the downside for the moment. Sustained trading below 1.3158 support will resume whole fall from 1.3867 to 100% projection of 1.3867 to 1.3158 from 1.3657 at 1.2948. On the Read more…