Daily Pivots: (S1) 1.2981; (P) 1.3102; (R1) 1.3238; More… Intraday bias in USD/CAD remains on the upside at this point. Current up trend should target 100% projection of 1.2005 to 1.2947 from 1.2401 at 1.3343. Read more…
Daily Pivots: (S1) 0.6691; (P) 0.6739; (R1) 0.6797; More… Further decline is expected in AUD/USD with 0.6873 resistance intact. Current down trend from 0.8006 should target next fibonacci level at 0.6461. On the upside, break Read more…
Daily Pivots: (S1) 137.70; (P) 138.54; (R1) 139.81; More… Intraday bias in USD/JPY stays on the upside at this point. Current up trend should target 100% projection of 114.40 to 131.34 from 126.35 at 143.29. Read more…
Daily Pivots: (S1) 0.9783; (P) 0.9834; (R1) 0.9891; More… Further rise is expected in USD/CHF as long as 0.9754 minor support holds. Rise from 0.9493 should target 1.0063 high. Decisive break there will resume larger Read more…
Daily Pivots: (S1) 1.1759; (P) 1.1828; (R1) 1.1828; More… Intraday bias in GBP/USD stays on the downside at this point. Current down trend is in progress for 100% projection of 1.2666 to 1.1932 from 1.2405 Read more…
Daily Pivots: (S1) 0.9960; (P) 1.0013; (R1) 1.0074; More… EUR/USD continues to lose downside momentum as seen in 4 hour MACD. But further decline is still expected with 1.0121 minor resistance intact. Sustained break of Read more…
Dollar is staying is the strongest one for the week, as talks of a 100bps hike at the July FOMC meeting heat up. But upside momentum in the greenback hasn’t been really too convincing, except Read more…
Gold’s down trend continued this week and breached 1700 handle overnight. Further fall is still in favor but Gold is now close to a critical support zone. Whole pattern from 2074.84 (2020 high) is seen Read more…
China GDP grew only 0.4% yoy in Q2, missing even the expectation of 1.0% yoy. For June, industrial production rose 3.9% yoy, below expectation of 4.3% yoy. Nevertheless, retail sales rose 3.1% yoy, above expectation Read more…
New Zealand BusinessNZ Performance of Manufacturing Index dropped from 52.9 to 49.7 in June. Production dropped from 52.6 to 47.8. Employment dropped from 52.8 to 51.2. New orders dropped fro 52.3 to 47.8. Finished stocks Read more…