Daily Pivots: (S1) 0.9485; (P) 0.9515; (R1) 0.9571; More… USD/CHF’s consolidation from 0.9355 is in progress and intraday bias remains neutral at this point. On the downside, firm break of 0.9355 will resume the decline Read more…
Daily Pivots: (S1) 1.1911; (P) 1.1987; (R1) 1.2029; More… Intraday bias in GBP/USD remains neutral for the moment and consolidation from 1.2152 could extend further. Further rally is expected with 1.1777 support intact. Break of Read more…
Daily Pivots: (S1) 1.0302; (P) 1.0348; (R1) 1.0376; More… EUR/USD is still bounded in range trading and intraday bias remains neutral first. Further rally is expected as long as 1.0222 support holds. Break of 1.0496 Read more…
Overall, the forex markets are very cautious for now, awaiting the key events of the week, including Eurozone CPI flash today and US non-farm payrolls on Friday. There is no breakthrough in the unrest in Read more…
USD/JPY: The current general bias for USDJPY on the H4 chart is bearish. To add confluence to this, the price is under the Ichimoku cloud which indicates a bearish market. If the bearish momentum continues, Read more…
China NBS PMI Manufacturing dropped from 49.2 to 48.0 in November, below expectation of 49.2. PMI Non-Manufacturing dropped from 48.7 to 46.7, below expectation of 48.0. Both readings were the lowest in seven months. “In Read more…
Australia monthly CPI slowed from 7.3% yoy to 6.9% yoy in October. The most significant contributors to the annual rise were new dwellings (+20.4%), automotive fuel (+11.8%) and fruit and vegetables (+9.4%). “High levels of Read more…
New Zealand ANZ Business Confidence dropped from -42.7 to -57.1 in November. Looking at some details, own activity outlook dropped from -2.5 to -13.7, just 8 pts shy of 2009 lows. Export intentions dropped from Read more…
Japan industrial production dropped -2.6% mom in October, worse than expectation of -1.8% mom. The seasonally adjusted production index for the manufacturing and mining sectors stood at 95.9 against 100 for the base year of Read more…
Australian inflation ‘only’ rose 6.9% y/y, down from a peak of 7.4% and lower than the 7.5% expected Housing (10.5%), food and non-alcoholic beverages (8.9%) and transport (7.4%) were the most significant contributors CPI rose Read more…