Amazon’s Black Friday shopping event promises to be big. For Amazon (AMZN) – Get Free Report converts, Prime Day is the equivalent of Christmas, Hanukkah and every other major holiday — many wait all year to Read more…
The post-CPI selloff in Dollar and rally in US stocks faded last week, after Fed officials talked down the significance of just one data point. While the greenback still lacked momentum for sustainable recovery, selloff Read more…
EUR/USD edged higher to 1.0481 last week but turned sideway. Initial bias remains neutral this week for consolidations. Downside of retreat should be contained by 1.0092 resistance turned support to bring another rally. On the Read more…
USD/JPY edged lower to 137.66 last week but recovered since then. Initial bias remains neutral this week for consolidations. Upside should be limited below 145.16 support turned resistance. On the downside, break of 137.66 will Read more…
GBP/USD edged higher to 1.2028 last week but turned sideway since then. Initial bias remains neutral this week for consolidations. Further rise is expected as long as 1.1644 resistance turned support holds. On the upside, Read more…
USD/CHF edged lower to 0.9355 but recovered since then. Initial bias remains neutral this week for consolidations first. But further decline is expected as long as 0.9680 resistance holds. Break of 0.9355 will resume the Read more…
AUD/USD edged higher to 0.6796 last week but retreated. Initial bias stays neutral this week for consolidations. Further rally is expected as long as 0.6521 resistance turned support holds. On the upside, break of 0.6796 Read more…
USD/CAD recover ahead of 1.3207 cluster support (61.8% retracement of 1.2726 to 1.3976 at 1.3204) last week. But upside is limited well below 1.3494 support turned resistance. Initial bias remains neutral this week first. On Read more…
Last week’s recovery suggests that GBP/JPY’s correction from 172.11 has completed at 163.20, after hitting 38.2% retracement of 148.93 to 172.11 at 163.25. Initial bias is mildly on the upside for retesting 172.11 high first. Read more…
EUR/JPY recovered last week but failed to sustain above 4 hour 55 EMA. Initial bias is turned neutral this week first. Correction from 148.38 might have completed at 142.54. Break of 147.09 resistance will indicate Read more…