Daily Pivots: (S1) 136.20; (P) 136.81; (R1) 137.66; More… USD/JPY’s break of 137.66 support turned resistance suggests short term bottoming at 133.61, on bullish convergence condition in 4 hour MACD, ahead of 133.07 medium term Read more…
Daily Pivots: (S1) 1.3590; (P) 1.3633; (R1) 1.3695; More…. USD/CAD’s rally from 1.3224 resumed by breaking 1.3644 and intraday bias is back on the upside. Current development is in line with the case that correction Read more…
Daily Pivots: (S1) 0.6665; (P) 0.6704; (R1) 0.6728; More… Intraday bias in AUD/USD remains neutral for the moment. Considering bearish divergence condition in 4 hour MACD, break of 0.6641 support should indicate short term topping, Read more…
Overall, the markets continue to trade in a mixed manner. US stocks declined for a second day overnight, but the selloff didn’t continue in Asia. Sentiment is somewhat supported by optimism of easing restrictions in Read more…
Credit: Weibo The Oppo Find N2 Flip’s apparent specs have leaked online. Expect a Dimensity 9000 Plus chipset, a 4,300mAh battery, and 44W charging. The phone is also tipped to arrive in global markets in Read more…
BoC is widely expected to continue with tightening today. But opinion on the size of the rate hike is split, with odds slightly in favor to 50 than 25. The main question, though, is not Read more…
Australia AiG Performance of Services dropped -2.1 pts to 45.6 in November, signaling contraction for a third month. Sales rose 1.5 to 42.8. Employment dropped -6.1 to 47.8. New orders dropped -4.8 to 49.7. Input Read more…
Australia GDP grew 0.6% qoq in Q3, below expectation of 0.7% qoq. Household spending rose 1.1%, contributing 0.6% to GDP. Compensation of employees increased 3.2%, the strongest rise since December quarter 2006. Net trade detracted Read more…
BoJ board member Toyoaki Nakamura said, “recent price rises aren’t accompanied by wage increases yet”. He added that Japan is far from the situation where wage inflation spiral becomes a concern. The central bank needs Read more…
Key Highlights Gold price started a downside correction from the $1,810 zone. A major bullish trend line is forming with support near $1,758 on the 4-hours chart. Crude oil price gained bearish momentum and declined Read more…