AUD/USD’s fall from 0.7277 continued last week. There is no clear sign of bottoming yet despite loss of momentum as seen in 4H MACD. Further decline is expected as long as 0.6977 support turned resistance Read more…
USD/CAD rose further to 1.4247 last week but retreated mildly since then. Initial bias remains neutral this week for consolidations. While deeper pullback cannot be ruled out, downside should be contained above 1.3965 resistance turned Read more…
GBP/JPY turned into sideway trading last week. Initial bias remains neutral this week first. On the downside, below 212.36 will affirm the case that rebound from 210.43 has completed as a correction. Deeper fall would Read more…
EUR/JPY fell further to 183.14 last week but recovered since then. Initial bias stays neutral this week first. Fall from 186.30 is seen as the third leg of the pattern from 187.93. Below 183.14 will Read more…
EUR/GBP edged lower to 0.8601 last week but failed to sustain below 0.8618 fibonacci level and recovered. Initial bias remains neutral this week first. Risk will now be mildly on the downside as long as Read more…
EUR/AUD’s rebound from 1.6108 resumed by breaking through 1.6516 resistance last week. Initial bias remains on the upside this week for 100% projection of 1.6186 to 1.6516 from 1.6306 at 1.6636 next. On the downside, Read more…
EUR/CHF edged higher to 0.9265 but was rejected by 0.9264 resistance and retreated. Initial bias stays neutral this week first. Further rally is expected as long as 0.9179 support holds. On the upside, above 0.9228 Read more…
Our summary of recent economic events and what to expect in the weeks ahead. Canadian Highlights Canadian inflation accelerated in May, driven primarily by higher gasoline prices, while the Bank’s preferred core measures remained close Read more…
Labor market conditions remain stable, but the recent pace of hiring is unlikely to be sustained. We expect payroll growth to moderate to 120K in June and look for the unemployment rate to hold at Read more…
Dan Ives of Wedbush Securities has a specific name for what is happening to tech stocks right now. In a note published June 26, he called it a “Twilight Zone market,” Seeking Alpha reported, and Read more…