AUD/USD edged higher to 0.7277 last week as up trend continued, but retreated since then. Initial bias remains neutral this week for consolidations. Further rise is expected as long as 0.7101 support holds. Above 0.7277 Read more…
USD/CAD recovered last week but upside is capped by 1.3709 resistance. Initial bias remains neutral this week first. On the downside, below 1.3549 will extend the fall from 1.3965 to retest 1.3480 low. Decisive break Read more…
GBP/JPY stayed in range of 210.43/214.21 last week and outlook is unchanged. Initial bias remains neutral this week first. Below 210.43 will extend the fall from 216.58 to 209.58 support first. However, firm break of Read more…
EUR/JPY edged lower to 182.01 last week but rebounded since then. Initial bias remains neutral this week first. Break of 182.01 will extend the fall from 187.93 to 180.78 support. Nevertheless, firm break of 185.02 Read more…
EUR/GBP recovered last week as it failed to break through 0.8610 support. Initial bias stays neutral this week first. On the downside, firm break of 0.8610 will carry larger bearish implications and pave the way Read more…
EUR/AUD’s fall from 1.6842 extended lower last week but recovered ahead of 1.6125 low. Initial bias is turned neutral this week first. On the downside, decisive break of 1.6125 will resume larger fall from 1.8554. Read more…
EUR/CHF edged lower last week but failed to get rid of 0.9155 cluster support (38.2% retracement of 0.8979 to 0.9264 at 0.9155) cleanly. Initial bias stays neutral this week first. On the upside, break of Read more…
Equities maintain a “risk-on” rally, defying the market disconnect from elevated oil prices and rising interest rate expectations. The US market faces a pivotal week with the final Powell-led CPI report expected on Tuesday, ahead Read more…
Canadian Highlights Canada’s labour market remained soft in April, with employment down and the unemployment rate rising to 6.9%. Canada’s trade balance returned to surplus in March on stronger commodity exports, though net trade is Read more…
The week ahead is relatively quiet for major Canadian data releases, but industry reports will offer important signals about the economy’s momentum heading into spring. Early signs from Statistics Canada’s advance estimates suggest wholesale trade Read more…