USDJPY rose to 1 ½ week high in early Friday, following break of pivotal barriers at 140.00/22 (psychological / Fibo 38.2% of 145.06/137.23 bear-leg). Bulls remain firmly in play for the third straight day and Read more…
Daily Pivots: (S1) 139.29; (P) 139.90; (R1) 140.67; More… USD/JPY’s rise from 137.22 accelerates higher today, and the development suggests that pull back from 145.06 has completed at 137.22 already. Intraday bias is now on Read more…
British Pound is making broad recoveries following stronger than anticipated retail sales, although signs of a durable rebound remain elusive. Concurrently, Japanese Yen displayed general weakness. Despite solid inflation data from Japan, the figures were Read more…
US stocks ended mixed overnight, driven primarily by disparate earnings results. DOW registered its first 9-day rally since 2017, gaining 0.47%, largely boosted by better-than-expected earnings results from pharmaceutical giant Johnson & Johnson. On the Read more…
US stocks ended mixed overnight, driven primarily by disparate earnings results. DOW registered its first 9-day rally since 2017, gaining 0.47%, largely boosted by better-than-expected earnings results from pharmaceutical giant Johnson & Johnson. On the Read more…
Japan’s Core CPI, which excludes food, matched expectations, also ticked up from 3.2% yoy to 3.3% yoy. This marks the 15th month that the inflation reading has remained above BoJ’s 2% target. Meanwhile, CPI core-core, Read more…
Key Highlights USD/JPY is recovering higher from the 137.25 zone. It is facing many hurdles near 141.20 on the 4-hour chart. EUR/USD started a downside correction below 1.1200. GBP/USD extended its decline toward the 1.2840 Read more…
We expect the Fed to hike interest rates for the final time by 25bp in the next week’s meeting, and then go on hold. While economic activity has still held up well, easing underlying inflation Read more…