US dollar remains strong despite weakening consumer sentiment: The University of Michigan Consumer Sentiment Index fell to 46.3 in October, signaling growing financial pressure on American households and concerns about future consumer spending. Rising inflation expectations fuel speculation about further Fed rate hikes: US consumers expect inflation to reach 4.7% over the next 12 months, […]
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AUD/USD stayed in consolidations above 0.6903 last week and outlook is unchanged. Initial bias stays neutral this week first. While stronger recovery cannot be ruled out, further decline is expected as long as 0.7038 resistance Read more…
USD/CAD’s rally continued last week but stalled after hitting 1.4290 fibonacci resistance. Initial bias stays neutral this week first. Further rise is expected as long as 1.4200 support holds. Firm break of 1.4292 will target Read more…
GBP/JPY stayed in range above 206.85 last week and outlook is unchanged. Initial bias stays neutral this week first. While another fall cannot be ruled out, strong support should be seen from 206.10 fibonacci level Read more…