Cryptocurrencies
USD/JPY Daily Outlook
Daily Pivots: (S1) 133.42; (P) 135.02; (R1) 135.84; More… USD/JPY’s decline from 139.37 medium term top continues today and hit as low as 132.74 so far. It’s now seen as in correction to medium term Read more…
Cryptocurrencies
Yen Rallies Further on Falling Yields, Dollar and Euro Weak
Yen’s rally intensified overnight and continues in Asian session. The move came in particular as US 10-year yield tumbled following the poor GDP report. For now, Dollar and Euro are the worst performing ones for Read more…
Cryptocurrencies
Gold tentatively bullish but 1800 region as key hurdle
Gold’s rebound from 1680.83 short term bottom picks up further momentum on broad based Dollar selling. Further rise is now expected as long as 1733.85 minor support holds, for channel resistance at 1778.91. But there Read more…
Cryptocurrencies
France GDP grew 0.5% qoq in Q2 on dynamism of exports
France GDP grew 0.5% qoq in Q2, better than expectation of 0.2% qoq. Foreign trade contributed to +0.4 points to GDP growth this quarter, after +0.1 points in the previous quarter. This large contribution is Read more…
Cryptocurrencies
Japan industrial production rose record 8.9% mom in Jun, recovery to continue
Japan industrial production rose strongly by 8.9% mom in June, well above expectation of 3.7% mom. That’s also the biggest monthly rise since data become available in 2013. Car production jumped 14.0% mom thanks to Read more…
Cryptocurrencies
BoJ opinions: Appropriate to encourage wage increases through monetary easing
In the Summary of Opinions at BoJ’s July 20 and 21 meeting, it’s noted that, “Bank should support financing, mainly of firms, and maintain stability in financial markets, and should not hesitate to take additional Read more…
Cryptocurrencies
Technical Outlook and Review
DXY: On the H4, with prices breaking out of the descending channel and expected to bounce off the stochastic support, we have a bullish bias that prices will drop and rise from the 1st support Read more…
Cryptocurrencies
Cliff Notes: FOMC Pivot Their Guidance as the US Economy Stagnates
Key insights from the week that was. The past week has been notable for a global resurgence in risk appetite despite a run of data pointing to deteriorating US economic growth. Principally this is because Read more…
Cryptocurrencies
Japan Data Dump Won’t Help the Yen; USD/JPY
In a few hours, Japan will release a plethora of data for June, including Industrial Production, Retail Sales, and the Unemployment Rate. All are expected to be slightly better than the May data. In addition, Read more…
Cryptocurrencies
Oil Outlook: Bulls to Disrupt Current Stabilisation?
Oil prices had been dropping from the 14th of June yet since the 18th of July seem to show some stabilisation. Yet let’s have a look where fundamentals are currently leading oil prices. We make Read more…