Daily Pivots: (S1) 0.7027; (P) 0.7055; (R1) 0.7079; More… Intraday bias in AUD/USD is turned neutral first with current recovery. But further decline is expected as long as 0.7228 minor resistance holds. As noted before, fall from 0.7660 is seen as the third leg of the larger correction from 0.8006. Below 0.7029 will target 0.6966 […]
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Japan’s industrial production declined -2.3% mom in November, outperforming expectations of a -3.4% mom drop, but marking the first contraction in three months. The decrease was driven by weaker exports of semiconductor manufacturing devices and Read more…
Japan’s Tokyo core CPI (excluding food) rose from 2.2% yoy to 2.4% yoy in December, marking its highest level since August but falling short of expectations for 2.5%. The increase was largely driven by a Read more…
Key Highlights USD/JPY started a fresh increase above the 156.00 resistance zone. A major bullish trend line is forming with support at 156.80 on the 4-hour chart. EUR/USD is still consolidating below the 1.0450 resistance Read more…