Global markets were forced to face three major developments last week, each capable on its own of destabilizing sentiment. Instead of buckling under the weight of legal, monetary, and geopolitical shocks, investors responded with surprising Read more…
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EUR/USD’s fall from 1.2081 extended lower last week but recovered after hitting 1.1740. Initial bias is turned neutral this week first. But risk will stay on the downside as long as 1.1928 resistance holds. Below Read more…
USD/JPY’s strong rebound last week suggests that fall from 157.65 has completed at 152.25. Initial bias is turned neutral this week firs. On the upside, above 155.63 will resume the rally from 152.25 and target Read more…
GBP/USD’s fall from 1.3867 extended lower last week but recovered after hitting 1.3432. Initial bias remains neutral this week first. Current development argues that it’s already correcting the whole rise from 1.2099. Risk will stay Read more…
USD/CHF’s consolidation pattern from 0.7603 extended with another rising leg last week, and outlook is unchanged. Initial bias remains neutral this week first. Stronger rebound cannot be ruled out but upside should be limited by Read more…
AUD/USD stays in consolidations below 0.7146 last week and outlook is unchanged. Initial bias stays neutral this week first. Deeper retreat cannot be ruled out, but downside should be contained above 0.6896 support. On the Read more…
USD/CAD extended the consolidation pattern from 1.3480 with another bounce last week. Initial bias remains neutral this week first. While another rise cannot be ruled out, upside should be limited by 55 D EMA (now Read more…
GBP/JPY edged lower to 207.20 last week but quickly recovered. Initial bias stays neutral this week first. On the downside, break of 207.20 will extend the corrective fall from 214.98 to 38.2% retracement of 184.35 Read more…