AUD/USD stayed in consolidations above 0.6903 last week and outlook is unchanged. Initial bias stays neutral this week first. While stronger recovery cannot be ruled out, further decline is expected as long as 0.7038 resistance Read more…
USD/CAD’s rally continued last week but stalled after hitting 1.4290 fibonacci resistance. Initial bias stays neutral this week first. Further rise is expected as long as 1.4200 support holds. Firm break of 1.4292 will target Read more…
GBP/JPY stayed in range above 206.85 last week and outlook is unchanged. Initial bias stays neutral this week first. While another fall cannot be ruled out, strong support should be seen from 206.10 fibonacci level Read more…
EUR/JPY edged lower to 176.19 last week but recovered since then. Initial bias stays neutral this week for consolidations. In case of another fall, strong support is expected from 175.26/41 to bring rebound. Considering bullish Read more…
EUR/GBP fell to as low as 0.8446 last week but recovered since then. Initial bias remains neutral this week for consolidations. Further fall is expected as long as 0.8492 resistance holds. Firm break of 61.8% Read more…
EUR/AUD’s break of 1.6072 support last week indicates resumption of whole down trend from 1.8554. Initial bias stays on the downside this week for 61.8% projection of 1.6617 to 1.6072 from 1.6334 at 1.597. Firm Read more…
EUR/CHF’s recovery was limited below 0.9371 support turned resistance last week, and stayed in sideway trading. Initial bias remains neutral this week and further decline is mildly in favor. On the downside, break of 0.9258 Read more…
US dollar remains strong despite weakening consumer sentiment: The University of Michigan Consumer Sentiment Index fell to 46.3 in October, signaling growing financial pressure on American households and concerns about future consumer spending. Rising inflation Read more…
A narrower French bond spread has eased immediate market stress, but fiscal concerns remain unresolved. High public debt leaves euro area governments vulnerable to rising borrowing costs. Pressure on Italian bonds highlights the risk of Read more…
Our summary of recent economic events and what to expect in the weeks ahead. Canadian Highlights Canadian labour market momentum softened further in September, strengthening the case for a Bank of Canada pause later this Read more…