Daily Pivots: (S1) 137.03; (P) 137.67; (R1) 138.28; More…. EUR/JPY is staying in consolidation from 139.99 and intraday bias remains neutral. In case of another decline, downside should be contained by 38.2% retracement of 124.37 Read more…
Daily Pivots: (S1) 0.8531; (P) 0.8551; (R1) 0.8586; More… EUR/GBP lost momentum after hitting 0.8590 and intraday bias is turn neutral first. Some consolidations would be seen but outlook will stay bullish as long as Read more…
Daily Pivots: (S1) 1.4992; (P) 1.5099; (R1) 1.5303; More… EUR/AUD’s rebound from 1.4138 resumed by breaking through 1.5053 resistance. Intraday bias is back on the upside with focus on 1.5354 cluster resistance (100% projection of Read more…
The markets are still staying in overall risk-off mode this week so far, with selloff in stocks, gold, oil and cryptos. Commodity currencies are trading broadly lower as as result, led by Aussie. Dollar and Read more…
With key US inflation data scheduled for tomorrow, we take a look behind the curtain to see if it’s realistic to expect inflation to finally tail off. US inflation is expected to fall from a Read more…
DXY: On the H4, with price expected to reverse off the stochastics indicator, we have a bearish bias that price will drop from our 1st resistance in line with the swing high resistance to our Read more…
NZD/JPY dived lower this week as risk aversion dominated the markets. It is now extending the fall from 87.33 top towards 100% projection of 87.33 to 83.28 from 84.81 at 80.76. Such decline is currently Read more…
Australia NAB business confidence dropped from 16 to 10 in April. Business conditions rose from 15 to 20. Looking at some details, trading conditions rose from 23 to 27. Profitability conditions rose from 12 to Read more…
BoJ Executive Director Shinichi Uchida told the parliament today, “Japan’s economy is still in the midst of recovering from the pandemic’s impact. It is recently under pressure from rising commodity prices… It’s therefore important for the Read more…
In this blog, we will look at the strong rally in NZDJPY which took place this year, talk about the sequence, what it means for the pair and also what our trading strategy is going Read more…