The JP225 cash index has been on an aggressive upward path since the March 15 low of 26,457. It managed to break some key levels with relative ease, revealing the underlying strength of this upmove. Read more…
Daily Pivots: (S1) 163.60; (P) 164.26; (R1) 165.08; More… Intraday bias in GBP/JPY remains neutral and outlook is unchanged. On the upside, break of 165.99 resume the whole rebound from 155.33 to 169.26 resistance next. Read more…
Daily Pivots: (S1) 1.5988; (P) 1.6114; (R1) 1.6192; More… EUR/AUD recovers after drawing support from 1.6053 and intraday bias remains neutral first. Focus stays on 0.6389/6434 cluster resistance zone. Decisive break there will carry larger Read more…
Daily Pivots: (S1) 1.5988; (P) 1.6114; (R1) 1.6192; More… EUR/AUD recovers after drawing support from 1.6053 and intraday bias remains neutral first. Focus stays on 0.6389/6434 cluster resistance zone. Decisive break there will carry larger Read more…
RBA has decided to keep the cash rate target unchanged at 3.60% amid ongoing uncertainty, but maintained its tightening bias. The central bank stated that some further tightening might be necessary, depending on developments in Read more…
SNB Vice Chairman Martin Schlegel emphasized the central bank’s commitment to price stability in an interview with Swiss broadcaster SRF yesterday. He stated, “Our mandate is crystal clear, and that is price stability,” adding that Read more…
Japanese Yen technical outlook: USD/JPY short-term trade levels Japanese Yen threatens outside-day reversal off Fibonacci resistance USD/JPY threatens deeper correction within yearly uptrend Resistance 133.35, 133.77, 134.75/77 (key)- support 132.18, 130.56-131.30 (key), 129.63 The Japanese Read more…
Welcome to another edition of the Currency Pair of the Week. With monthly jobs reports from both North American nations to come later in the week, along with several other important macro pointers from the Read more…